Layoff announcements often come down with no warning or input from staff. Paul Levy wanted to avoid that scenario when he sent an email to the entire staff of Beth Israel Deaconess Medical Center, asking them for ideas about how to avoid layoffs. It resulted in thousands of cost-cutting suggestions from people working on the front lines, such as nurses and lab techs. Levy discusses the pros and cons of being transparent in this podcast, as well as the end result of his experiment.
Featured Guest: Paul Levy, president and CEO, Beth Israel Deaconess Medical Center.