David Maister Weighs In On Layoffs

The Master, David Maister, weighs in today on a topical topic, layoffs in professional services firms. His comments, and those of his readers, are always a good read and an antidote to my broken record.

…As always, I have to stress that this is not a moral issue but one of pragmatics. If one of your key competitive issues is attracting and retaining key staff, how can you have a policy of laying them off (or “asking them to re-apply to another part of the firm”, as one firm describes it) at the first sign of trouble?