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Podcast: A Phil Svitek Podcast - A Series From Your 360 Creative Coach
Episode: The Hidden Costs of Layoffs: Why Cutting Jobs Hurts Companies in the Long Run
Description: Layoffs may seem like an easy way for companies to cut costs, but the data tells a different story. In this episode, we dive deep into the financial, operational, and cultural consequences of layoffs, showing how they often backfire by increasing expenses, tanking stock prices, and damaging long-term growth.💡 Key Topics:Why 30% of companies that lay off employees end up with higher expenses (The US Conference Board).How layoffs double the likelihood of bankruptcy (The Hustle).Why the average lifespan of an S&P 500 company has dropped from 35 to 20 years—and is shrinking (McKinsey & Company, Innosight).The l...