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.Chapters03:40 - Research Methodology and Data Set07:08 - Immediate Impact on Employee Engagement13:55 - Decline in Commitment and Confidence20:34 - Importance of Transparent Communication23:22 - The Role of Leadership Communication and Development Opportunities27:45 - Debunking the Myth of One Large Layoff Being Better33:46 - The Importance of Managers in Supporting Employees38:24 - Exploring Alternative Strategies to LayoffsArticles mentioned in this episode: Business Insider - A better way to handle layoffsAxios - Employers are "afraid" to conduct layoffs in viral video eraIf 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.