This is an unstructured learning question
This is an ethics question
This is a True situation a fried recently share with me
You are the manager of a business that is losing money due to COVID 19 and the CEO is pushing you hard to fix things.
You have may employees who are also effected by COVID.
Your financial statement shows that you must cut employment cost by 50%. If you do not do this you will go out of business. You made the decision for the entire company: except for two employees, Miss Jackson and Jerome Edwards.
Tip 1. Remember fro Chapter 1 the goal of the financial manager is to maximize the wealthy of your company.
Tip 2. What abut the human component? This is never covered in the text. This is on you as a manager.
Miss Jackson is one of your best employees, she has worked for you for 10 years, and recently she has lost two family members to COVID. Miss Jackson is not doing well. If she is furloughed she risks losing her house and everything she has worked for over the years. Her performance has decreased due to these major life issues. She suffers from depression and sleep issues due to the stress. She has not communicated these circumstances to you because she is overwhelmed and she is afraid of losing her job. However you know, based upon her performances, she is going through rough times. Miss Jackson earns $60,000 a year.
Jerome Edwards is a new and upcoming employee that obtained his MBA from UNCFU with a 3.9 GPA and he is Miss Jacksons subordinate. Jerome meets deadlines and shows no emotions to the difficulties of COVID. He hits every deadline and has the potential to succeed under any circumstances. When you send him a task he states Im on it and he delivers. Jerome earns $40,000 a year.
The CEO of the corporation care about the people. However He need to keep his business alive.
CEO Request a memorandum under 250 words, discussing the decision regarding Miss. Jackson and Jerome.