Mixed Messages: Lavish Corporate Spending During Layoffs
In The News
In the wake of Spotify’s recent scrutiny over its spending amid layoffs, it’s imperative for managers to not only understand the intricacies of corporate expenditure but also to effectively communicate these to their teams. Sometimes these moves are poor choices by the organization, other times it is unfortunate timing. The team will think the worst in every situation. If a manager handles this poorly, the risk is not only of turnover, but of decreased productivity and employee engagement.
The manager does walk a fine line between being a representative of the organization, thereby needing to explain it, and losing the credibility of the team by simply being a “yes-man”.