The word lay-off or termination will probably always be the scourge of the professional workers who depend their lives on a company. Perhaps we still remember a short while ago when Yahoo! laid off 2000 employees worldwide, and Sony followed – but has nothing to do with what happened at Yahoo! – by laying off 10.000 of its own employees.
We can imagine how the employees affected by the layoffs suddenly have no income and at a crisis in their lives, especially those who have families. Yes, it’s terrible if all of the sudden, we are in that position without having any lifeboat.
Many tend to believe that layoffs occur due to reasons caused by the employees themselves but this is clearly not true because there are plenty of reasons for layoffs to occur. Don’t be surprised when you see a top employee getting laid off seemingly without any clear reason.
When the financial crisis hit the United States a few years ago, we saw how the wave of layoffs happened, with a rapid domino effect and within a few weeks, reached my workplace at that time (at Yahoo! Southeast Asia) and for the first time in my life, I saw how a company lays off employees in the interest of the company itself on a large scale.
