Question
In late 2021, the CEO of Better.com became infamous for laying off 900 employees over a Zoom call. Three months later, after a short leave
In late 2021, the CEO of Better.com became infamous for laying off 900 employees over a Zoom call. Three months later, after a short leave of absence by the CEO, the company stood to lose another 3000 workers to downsizing. Use the article below and the information on Downsizing in Chapter 10 of your textbook to answer the questions below:
Goldberg, E. (2022, March 9). Mortgage lender Better.com to Lay off third of work force. New York Times, p. B4(L). https://go.gale.com/ps/i.do?p=AONE&sw=w&u=atha49011&rssr=rss&ty=as&v=2.1&it=r&id=GALE%7CA696123040&sid=searchAlert&asid=f713f2cf
- What is a psychological contract, and how is it affected by downsizing?
- Discuss the impact of job loss upon (a) those who lose their jobs, (b) those who remain employed in the organization, and (c) leaders in the organization who must make/communicate downsizing decisions.
- Describe three actions a downsizing organization can take to mitigate the impact of job loss upon affected employees.
4. List and define the three types of perceptions of justice that are influenced by downsizing. Of the three justice perceptions, which did Better.com violate when they used Zoom to layoff workers?
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