WhatsApp Facebook Twitter Pinterest Share Layoffs hurt employees’ morale and productivity, damage the company’s reputation, and make it hard to find and retain the best talent in the market. Every company should avoid layoffs for long-term success. Unfortunately, the current economic slowdown is a heavy blow for many companies due to demand fluctuations in the past few quarters. As consumer demand recedes, many organizations would have to keep shedding their weight until they attain the optimum people cost. However, businesses wouldn’t need more than a few months to complete their restructuring. Hence, it’s safe to assume that this trend should end soon. As business leaders, our responsibility is to prevent such scenarios from reappearing in the future. While governance, planning, and forecasting will be the main tools for this job, HR technology will help in efficient execution by leveraging predictive analytics and productivity management. Forecasting HR technology has tremendous pot...