How to Terminate a Great Performer in a Tough Economy
Marshall Goldsmith
AUGUST 1, 2011
Q: Our company has had a terrible year because one of our divisions completely tanked. Although my division had a fantastic year, corporate cutbacks mean that I have to lay off some great people. Do you have any suggestions on how to best handle this tough situation? A: Your situation is, unfortunately, very common this year. I work for one financial institution where over 90% of the units had great years - yet two units lost more money than the combined profits of all of the other units.
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