Want to lay off staff? Here's why it might be bad for your business

According to NPR, tech companies collectively laid off approximately 25,000 employees during the first four weeks of this year.

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Earlier this year, an old story about former Nintendo CEO Satoru Iwata went viral, posthumously praising him for taking a 50 percent salary cut rather than laying off staff.

Why would a story from 2013 suddenly make headlines? Likely because it provided such a stark contrast to current trends in North America, where employee layoffs are reaching levels not seen since the dot-com crash of the early 2000s.

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