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8AMIs staff cutting a mistake?Companies are making a mistake by cutting staff instead of retaining them to counter the economic situation. “This is time to renew sense of urgency to be more productive and to make fundamental changes. A lay off strategy is counterproductive. It decreases trust in employees when it is paramount to keep the company up in difficult times” – Khalid Ansari, KPMG OmanOman and other oil dependent GCC economies have been hit by low oil prices since 2015.Government projects that were major economy and job driver fell while payments stalled.Companies then froze recruitment and as a result of which, staff numbers significantly declined. Website: http://timesofoman.comFacebook:

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