In a time of economic uncertainty, layoffs have become increasingly common across industries. While workforce reductions are often necessary to maintain financial stability, they can create vulnerabilities for businesses, including insider threats, data breaches, and workplace violence.
We understand the importance of safeguarding your company during these challenging transitions. Here’s how you can protect your organization when laying off employees.
The rise in layoffs and associated risks
Economic instability has led to a significant increase in layoffs, with companies across tech, finance, and other sectors announcing substantial workforce reductions. According to recent reports, U.S. employers saw layoffs rise by over 400% in late 2023 compared to previous year. These mass separations bring heightened risks, particularly from disgruntled employees who may misuse access to sensitive information or engage in retaliatory behavior.
Insider threats
One of the most pressing concerns during layoffs is the risk of insider threats. Departing employees often have access to critical company assets, including trade secrets, customer data, and intellectual property. If not properly managed, this access can lead to data theft or sabotage. Additionally, emotional distress caused by job loss can result in unpredictable behavior that poses risks to remaining staff and facilities.
Workplace violence
Safety experts warn that layoffs can increase the likelihood of workplace violence. Employees who feel blindsided or unfairly treated may act out against managers or colleagues. Ensuring physical security during layoff periods is essential for preventing harm to individuals and maintaining order.
Steps to protect your company
There are several ways you can protect your company and staff when laying off employees.
Develop a comprehensive plan
Before initiating layoffs, create a well-documented termination plan that includes input from HR, legal teams, IT departments, and security personnel. This plan should outline procedures for revoking access to systems, retrieving company property, and conducting exit interviews.
Secure critical assets
Inventory all sensitive data and prioritize monitoring systems that handle this information. Implement measures such as disabling employee accounts immediately upon termination and ensuring that all company-issued devices are returned. For remote workers, use tools to remotely wipe devices if they are not returned promptly.
Increase physical security
During layoff periods, bolster physical security at your facilities. Consider hiring additional guards or implementing access control measures such as badge deactivation and surveillance system monitoring. Escort departing employees when they collect personal belongings to prevent unauthorized access.
Conduct exit interviews
Exit interviews provide an opportunity to address potential risks directly. Have a security officer present alongside an HR representative to remind departing employees of confidentiality agreements and their obligation to safeguard company assets. This step reinforces accountability while maintaining professionalism.
Monitor post-layoff behavior
Continue monitoring for unusual activity after layoffs. Track attempts to access restricted areas or systems and investigate any anomalies promptly. This post-layoff vigilance helps mitigate risks that may arise after employees have left the organization.
Communicate transparently
Layoffs are stressful for both departing and remaining employees. To prevent fear and uncertainty among staff members who stay on board, communicate openly about the reasons for workforce reductions and share plans for moving forward. Transparency fosters trust and reduces the likelihood of morale-related issues.
Conclusion
Protecting your company during layoffs requires careful planning and proactive measures to address insider threats, workplace violence risks, and data security concerns. By implementing robust strategies such as securing critical assets, increasing physical security, conducting thorough exit interviews, and monitoring post-layoff activity, you can safeguard both your organization’s people and its resources.
At Echelon Protection & Surveillance, we specialize in providing tailored security solutions designed to help businesses navigate challenging transitions while maintaining safety and stability. Get in touch for more information.
