You\'re the CEO of a company whose sales are delining,and there is a 50-50 chanc

Question

You're the CEO of a company whose sales are delining,and there is a 50-50 chance you will need to lay off some of your employees sometime in the next two to three months. You have to decide whether to tell them now so they can look for new jobs as soon as possible, even though you're not yet sure layoffs will be necessary, or wait until you are sure layoffs will occcur.

Explan why this is an ethical dilemma. Be sure to consider the effect a sudden exodus of valuable employees could have on the company's propects.

Explanation / Answer

This situation is an ethical dilemma as it involves a decision that is not clear. You are not sure whether you will have to make cuts. I believe if I was CEO, I would probably hold off on telling the employees till I was sure that they will be let go. This is a hard decision but as CEO, you have to think for the organization as a whole. If you were to tell the employees ahead of time, you risk them either leaving before the company even lets them go or having sales decline even more from employees performing poorly

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