Subject: Business Ethics The COVID19 pandemic affected business. You are the President of a medium-scale firm.  Your firm has been severely affected by the pandemic. It has been operating on a negative bottom line over the past ten months.    You have a total human resources complement of 40 rank and file and four supervisors. Your firm has no other option but to let go of some of the employees to address financial losses.   What do you think is the most ethical thing to do in letting go of some of your employees?

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section: Chapter Questions
Problem 8CTQ: How would a stakeholder approach, if taken by the companys top leaders and board of directors, have...
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Subject: Business Ethics

The COVID19 pandemic affected business. You are the President of a medium-scale firm.  Your firm has been severely affected by the pandemic. It has been operating on a negative bottom line over the past ten months. 

 

You have a total human resources complement of 40 rank and file and four supervisors. Your firm has no other option but to let go of some of the employees to address financial losses.

 

What do you think is the most ethical thing to do in letting go of some of your employees?

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