TSMC founder Morris Chang warns against layoffs, highlighting hidden costs like severance and retraining that often outweigh savings. He advises companies to avoid job cuts if rehiring within a year is likely. Chang shared TSMC’s difficult experience with performance-based layoffs in 2009, which led to protests and ultimately rehiring, stressing the importance of careful workforce management. TSMC founder Morris Chang warns against layoffs, highlighting hidden costs like severance and retraining that often outweigh savings. He advises companies to avoid job cuts if rehiring within a year is likely. Chang shared TSMC’s difficult experience with performance-based layoffs in 2009, which led to protests and ultimately rehiring, stressing the importance of careful workforce management.
