Layoffs Destroy News Today

Why do companies resort to layoffs in the first place? The simple reason is that most organisations see layoffs as the most effective cost-cutting measure. The next question should be why companies go for cost-cutting measures. The answer to this is manyfold -- to increase profit, to increase productivity and efficiency et cetera. However, not a lot of organisations seem to care about the impact layoffs could create on an employee who has been retained. -- aaa