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Economic uncertainty can cause leaders to go into survival mode and look for ways to slash costs. Not surprisingly, one of the most common strategies is cutting headcount.
On paper, the move makes sense. Reducing any organization’s workforce will have an immediate bottom-line effect. However, embracing this type of lean, “year of efficiency” practice — as Mark Zuckerberg coined it in 2023 — can backfire down the road. What’s the alternative? Improving collaboration. Increased collaboration among teams and leadership can increase productivity steadily without necessitating widespread terminations.
Improving effective communication in the workplace won’t give instant bottom-line results, which is why many
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