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  • Bachevinder Singh A/L Param Singh @ Bob

    January 15, 2022 at 3:54 pm

    Hi Jessy. Nice points.

    Instead of layoff, my suggestions is maybe the organizations can first practice cost reduction for example switch off the lights during lunch hours which can save electricity. Cost-consciousness should be spread across the company, and employees should be encouraged to participate and be rewarded for their efforts. Making expenses variable rather than fixed in order to reduce the company’s exposure to a downturn is a long-term strategy for cost-cutting measures.

    For me, MSS/VSS is not a proper way for we as employee as it is just a short term benefit for us as we have have many more commitments and on the other hand will make us demotivated. Although layoff is the last choice, but maybe organization should re-consider before laying off their employee. For me, reduce employee salary by 10% will be a good last choice instead of lay off.