Management John is the CEO of a large corporation that has been facing financial difficulties. In order to turn the company around, John makes the decision to cut costs by laying off a significant number of employees. However, some of these employees have been with the company for many years and are nearing retirement age. They are devastated by the news and feel that they have been treated unfairly. John is aware of the negative impact that the layoffs will have on the employees and their families. He is also aware of the potential negative publicity that the layoffs could generate for the company. However, he believes that the decision is necessary in order to ensure the long-term viability of the company. As the CEO, John has a responsibility to act in the best interests of the company and its shareholders. However, he also has a responsibility to act ethically and with compassion towards the employees who will be affected by the layoffs. 1.What ethical considerations should John take into account when making decisions that impact the lives of his employees? 2.What principles of leadership ethics should John follow when communicating the decision to lay off employees to the affected workers and to the wider community?
Management
John is the CEO of a large corporation that has been facing financial difficulties. In order to turn the company around, John makes the decision to cut costs by laying off a significant number of employees. However, some of these employees have been with the company for many years and are nearing retirement age. They are devastated by the news and feel that they have been treated unfairly.
John is aware of the negative impact that the layoffs will have on the employees and their families. He is also aware of the potential negative publicity that the layoffs could generate for the company. However, he believes that the decision is necessary in order to ensure the long-term viability of the company.
As the CEO, John has a responsibility to act in the best interests of the company and its shareholders. However, he also has a responsibility to act ethically and with compassion towards the employees who will be affected by the layoffs.
1.What ethical considerations should John take into account when making decisions that impact the lives of his employees?
2.What principles of leadership ethics should John follow when communicating the decision to lay off employees to the affected workers and to the wider community?
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