This is the second part of a two-part series on layoffs and their impact on the employee experience. The episode focuses on the long-term impact of layoffs, based on research conducted by Culture Amp. The study analyzed data from layoffs in the tech sector between March 2020 and December 2023, including over 3,300 layoff events by 2,400 companies.

Chapters

03:30 - Rebounding After a Layoff

07:00 - How Long It Takes to Rebound

11:46 - Determinants and Drivers of Engagement Post Layoff

18:50 - The Impact of Second Layoffs

22:01 - Main Takeaways and Conclusion

During this episode, we discussed the health impacts of layoffs on individuals. You can read more about that below.

Medical studies have shown that the trauma of unemployment causes disease. One study found that being laid off ranked seventh among the most stressful life experiences — more stressful than divorce, a sudden and serious impairment of hearing or vision, or the death of a close friend.

Experts say that it takes, on average, two years to recover from the psychological trauma of losing a job.

Source: https://www.latimes.com/opinion/story/2023-01-17/tech-layoffs-stress-trauma-unemployment-economy#:~:text=One%20study%20found%20that%20being,trauma%20of%20losing%20a%20job.

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Learn more about Culture Amp at www.cultureamp.com

Follow Damon on LinkedIn to get his latest leadership insights, and follow him on Instagram to see behind-the-scenes footage from the podcast.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This is the first part of a two-part series on layoffs and their impact on the employee experience. The episode focuses on the immediate impact of layoffs, based on research conducted by Culture Amp. The research analyzed data from layoffs in the tech sector between March 2020 and December 2023, including over 3,300 layoff events by 2,400 companies.

The conversation explores the impact of layoffs on employee engagement and the employee experience. It discusses the decline in engagement levels after layoffs, particularly in trust, pride, and commitment. It also highlights the importance of leadership communication and development opportunities in mitigating the negative effects of layoffs. The conversation debunks the myth that doing one large layoff is better than multiple smaller layoffs and emphasizes the role of managers in supporting employees during this challenging time.

The episode concludes by discussing alternative strategies to layoffs and the importance of treating employees with decency and humanity throughout the process.

Chapters

03:40 - Research Methodology and Data Set

07:08 - Immediate Impact on Employee Engagement

13:55 - Decline in Commitment and Confidence

20:34 - Importance of Transparent Communication

23:22 - The Role of Leadership Communication and Development Opportunities

27:45 - Debunking the Myth of One Large Layoff Being Better

33:46 - The Importance of Managers in Supporting Employees

38:24 - Exploring Alternative Strategies to Layoffs

Articles mentioned in this episode:

Business Insider - A better way to handle layoffs

Axios - Employers are "afraid" to conduct layoffs in viral video era

If you've enjoyed this episode, please subscribe and leave a review on Apple Podcasts or follow and hit five stars on Spotify.

Learn more about Culture Amp at www.cultureamp.com

Follow Damon on LinkedIn to get his latest leadership insights & follow on Instagram to see behind-the-scenes footage from the podcast.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the Culture First Podcast, we take you on the road with us to give you a front-row seat to an incredible conversation that took place at SXSW Austin this year.

In this episode, Didier Elzinga, CEO and Co-founder of Culture Amp, will moderate a discussion on achieving and sustaining a high-performance culture by drawing upon lessons learned from the world of high-performance sports.

He was joined by Lindsay Verstegen, Chief People & Diversity Officer at the Detroit Lions, John Ferguson, Chief HR Officer at NASCAR, and Ben Crowe, former global Nike executive and one of the world’s most in-demand professional mentors and mindset coaches, working with CEO’s, teams, executive teams and athletes.

They discuss the importance of intentional pauses, building relationships, and the need to fix the environment rather than the individual. The conversation provides valuable perspectives on leadership, team dynamics, and the power of data in understanding and supporting employees.

Show notes and timestamps:

03:21 - Creating a Culture of Belonging and Inclusion

12:20 - Navigating Uncertainty: From 'Me' to 'We' Mindset

32:29 - Fixing the Environment, Not the Individual

33:51- Data-Driven Insights for Organizational Improvement

34:09 - The Power of Vulnerability and Trust in Leadership

36:31 - Connecting with Intrinsic Motivations for Success

41:18 - Feedback as a Catalyst for Growth and Development

49:48 - Bridging the Gap in Multi-Generational Teams

Click here to download the State of the Manager Report mentioned during this interview.

If you've enjoyed this episode, please subscribe, follow and leave a review.

Learn more about Culture Amp at www.cultureamp.com or @cultureamp on Instagram

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.