Companies are too quick to lay off employees in a recession, one entrepreneur says. Instead, they should focus on retaining valuable 'human capital.'

Dec 13 2022 by Business Insider

 

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Ryan Niddel, a serial entrepreneur, is the CEO of South Sea Ventures.

Courtesy of Ryan Niddel

About 20% of layoffs and discharges in the US in October were at the country's smallest businesses. Ryan Niddel, a serial entrepreneur, argued that layoffs aren't always a quick fix for companies. Instead, he said, business owners should look at other ways to cut costs. This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of...
Continue Reading Companies are too quick to lay off employees in a recession, one entrepreneur says. Instead, they should focus on retaining valuable 'human capital.'