Question: A pandemic has struck while you are serving as CEO of a large multinational defense contractor. As a result of an economic recession, disruption to
A pandemic has struck while you are serving as CEO of a large multinational defense contractor. As a result of an economic recession, disruption to global supply chains, and new safety measures that must be put into place at most of your manufacturing facilities, your organization is experiencing losses. If these conditions do not improve dramatically in the next weeks, you will have to appease stakeholders by cutting costs. In that event, you will have to furlough some employees and lay off other employees. The situation is fluid. What must you consider when determining a strategy for communicating with your employees?
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