[Editor’s note: Check out recent coverage of the No-Layoff Pledge by Ad Age.]
With the unprecedented, pandemic-sparked economic shock currently challenging companies across the globe, businesses everywhere are now forced to make—or at least consider—very drastic measures. In many cases, unfortunately, this means furloughing or laying off employees.
Like nearly every company, the team at InfoTrust has felt the financial impact of COVID-19, with some clients putting work on hold and others asking for changes in payment terms. We’re also aware that the technology space has not been as hard-hit as other industries, such as travel and hospitality, and count ourselves fortunate to be maintaining the level of operations we are.
We are incredibly grateful for the support approved by the federal government Paycheck Protection Program (PPP), and would like to thank our partners at CBank and RSM (specifically Brian Berning) for their work alongside our leadership team as we develop our scenarios for moving forward.
At InfoTrust, we believe that our people are what make us a successful organization. We owe our growth and success over the last decade to our analytics consultants, engineers, and entire team, and will do whatever it takes to provide some sort of stability through this otherwise uncertain time. In the past year, InfoTrust has been named to the Fortune 50 Best Small Workplaces, Ad Age Best Places to Work, and Inc. Magazine Best Workplaces lists, and we intend to remain there for years to come.
Today, The InfoTrust leadership team is officially making a no-layoff pledge that extends through July 1, 2020. We stick by our employees, their families, and the communities in which they live and work—in the good times and the tough times.
[Editor’s note: On May 20, InfoTrust extended its pledge for additional 3 months, now ending Oct. 1. Click here for details.]
This decision is not to be taken lightly. All of us working together to support each other, our clients and partners allow us to make this commitment.
Why July 1, 2020? In normal circumstances, a pledge like this would certainly not be needed. Our hope is that, come July, some sense of normalcy will have returned, rendering such a pledge unnecessary.
A no-layoff pledge is certainly not an original idea; in fact, we’ve lifted the idea from the headlines after seeing technology organizations like Salesforce and LinkedIn make similar announcements. We do feel, however, that this is an opportunity for us to give our employees peace of mind and start a movement within the Midwest technology community.
As a final call to action, we ask that other leaders of tech companies join us in this pledge. We are fortunate that the technology sector has not been as hard hit as others, and owe it to our people and their families to do what we can to instill confidence during this pandemic and the months ahead.
We are proud to announce that the following companies have already joined our pledge.
As Zig Ziglar said, “You don’t build a business, you build people—then people build the business.” Let’s show our teams where our priorities lie during this incredibly difficult time.
Ready to join the pledge?
Finally, I leave you with an image of a more personal nature; this is a photo of my daughter, one of my three children. As a business owner and a father during this challenging time, I want them to look back on this period of global history and know, without a doubt, that their dad did all he could for his family, his work family, and his community. She has recently been wearing this beanie with the word “Fearless” stitched across the front—how appropriate given today’s circumstances.
The No-Layoff Pledge has been covered in the following publications: