What are the effects of redundancy in the workplace?
Redundancy can lead to job loss, decreased morale, and increased stress among remaining employees.
How can companies manage redundancy effectively?
Companies can manage redundancy by providing support, clear communication, and offering retraining opportunities.
What are the long-term impacts of redundancy on a company's culture?
Long-term impacts may include a lack of trust, reduced employee engagement, and a negative reputation.
Are there any legal considerations regarding redundancy?
Yes, companies must comply with labor laws, provide notice, and may need to offer severance packages.
How can employees cope with redundancy?
Employees can cope by seeking support, networking, and focusing on skill development for future opportunities.
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