Layoffs Costing Companies Money Instead Of Saving Money - Gregg Stebben

Business Insider Gregg Stebben spoke to Bill about There are lots of reasons for layoffs, and saving money is certainly one of them. But what is laying off employees actually COSTS companies money, instead of SAVING them money?

Click Here To Listen Live https://www.iheart.com/live/news-radio-wtam-1100-17

There are a lot of stories in the news lately about layoffs. 

Why do companies lay people off?

There are lots of reasons for layoffs, and saving money is certainly one of them. 

But what is laying off employees actually COSTS companies money, instead of SAVING them money?

That's the idea behind a recent story in Inc Magazine, so let's talk about it:

1. In addition to trying to save money, what are other reasons companies lay people off?

2. A recent article in Inc. Magazine suggests that laying people off may actually be more EXPENSIVE for a company in the long run than just keeping the same people on the payroll. How can this be possible?

3. Why does this Inc. Magazine article suggest that MINDSET is often the difference between companies that lay people off, and companies that weather bad times without layoffs?

4. What does all this mean for me, if I am a manager or small business owner?

5. And what does all this mean for me, if I am an employee?