You are managing a 10-person branch of a regional bank. Three months ago, due to economic conditions, the CEO has announced layoffs system-wide. After the announcement was made, you noticed that productivity decreased among employees. Three months have gone by and the layoffs have taken place. Even though your branch lost only one member of the team, most of the layoffs were at the branch employee level. As a manager, you have noticed that productivity has not returned to pre-layoff levels.

1. Using topics/theories such as Job enrichment, and Intrinsic rewards. Use these concepts (one at a time), explain why they are important and why layoffs have impacted employee productivity.