Marker
Published in

Marker

Companies Don’t Need to Lay People Off to Survive

How one CEO saved his 12,000-person company without a single layoff

Photo courtesy of Bob Chapman

When the financial crisis hit in 2008, Bob Chapman was faced with an impossible choice: lay off thousands of his workers, or go out of business. A few years prior, Barry-Wehmiller — a 125-year-old St. Louis-based manufacturing technology company — had publicly

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Kaushik Viswanath

Kaushik Viswanath

I work with authors at Medium. Previously an editor of business books at Penguin Random House.