Why Companies Fire People To Save Money

2 minutes, 37 seconds Read

There are many companies that will choose to lay off workers instead. Let’s walk through when this happens so you can better prepare yourself.

Putting the blame on yourself

Many companies are deciding to make significant layoffs right now. They don’t make up their numbers. They don’t feel financially secure. Whatever the reason, the biggest cost is people, so the fastest way to save money is to lay off employees.

Now, most companies will be transparent about this and admit it’s a downsizing. They did not perform well. They need to make changes. They fire you for no fault of your own. It stinks, but no one blames you. However, there are companies that will say it’s a shot.

When companies fire employees instead of firing them, they say it’s not their fault. It’s not their fault that you’re suddenly underperforming and therefore they’re going to fire you. How ironic is it that you were getting great performance reviews, everything was going well, and then all of a sudden you have a performance issue?

What usually happens is that the company has realized that they can get someone else to do your job for a lot cheaper. There are a whole bunch of people in the job market who will do your job for less. But if the company is firing you to save money, there are discrimination laws you can cite and then file a discrimination charge against them.

Some companies want to avoid any risk of this, so they suddenly decide you’re not in compliance, and they document it and collect the paperwork so they can prove you’re not in compliance (you’re the problem) so they can fire you. you This is how they avoid court cases. And when they are fired, they can replace them and hire someone with less money.

You can never take your eye off the ball while you’re working. If you are earning a salary that you want to continue, you must follow your market conditions because if you are not growing, you are dying in your career.

Too many people find themselves in a kind of autopilot situation where they don’t really grow and evolve with the market. And it’s not just about accumulating more skills. It’s about strategically understanding where your career needs to go so you stay relevant and in demand. You can have all the skills and experience in the world, but if you don’t know how to package them and present them correctly to employers, you’re not going to differentiate yourself in the market and stay competitive.

Please be careful for this situation in your career. The moment your company realizes it can get someone else to do your job for less, you will become a performance problem. It’s easier to get fired than fired. Keep this in mind and make sure you know your Unique Value Add (UVA).

Good luck, and go get them!

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