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Anyone who has run a company for several years has seen a few downturns. In some small and closely held businesses where a family dynamic is more likely to exist, staff are kept on even during difficult times. In the majority of private, and almost all public companies, decisions about layoffs are based on the bottom line and staff members know it. Therefore, if you don’t open the lines of communication, your employees will act out their feelings of fear and could subconsciously make or avoid decisions affecting the entire company.
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Barton Goldsmith
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