Why Businesses Choose Layoffs Over Paycuts?

Why Businesses Choose Layoffs Over Paycuts?

So I was asked, why do a lot companies lay off, instead of negotiating pay cuts or accepting offers from some employees to work for free? I will speak for myself and a few other business owners that I have had this conversation with. The simple answer is, no one wants...
And The Layoffs Continue

And The Layoffs Continue

As the US reported just under 40 million job losses as a result of COVID19, I have often pondered what the data on job losses in Nigeria currently are. My search led me to the results of a recent survey by the National Bureau of Statistics of 1,950 households. It...
And The Layoffs Continue

Employers: Engage in Consultation Before Layoff Action

Some companies are going about this lay-off option the wrong way.Some are asking people to resign, sending them home abruptly without pay, reneging on contractual terms. The Industrial court will be full of cases soon and they will rule in employees favour. Many may...