3 days Ago By The Straits Times
Andy J. Yap There is a growing trend in the tech sector of mass layoffs as part of companies' adaptation strategies. Former General Electric CEO Jack Welch once said: “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.
” To remain competitive, companies must adapt quickly to an ever-evolving business landscape. In times of growth, they may expand rapidly, hiring aggressively. But when conditions shift, so must their strategies.
This often requires realigning roles, streamlining processes, or improving operational efficiency to meet new objectives and needs. Already a subscriber? Log in Get exclusive reports and insights with more than 500 subscriber-only articles every month $9.90 $9.
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