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TORONTO, ONTARIO: FEBRUARY 09, 2012 - Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012. (Tim Fraser for The Globe and Mail) (For ROB story by n/a)
TORONTO, ONTARIO: FEBRUARY 09, 2012 - Bay Street in Toronto, Ontario is seen here Thursday Feb. 9, 2012. (Tim Fraser for The Globe and Mail) (For ROB story by n/a)
(Tim Fraser For The Globe and Mail)

Streetwise

Bay Street's new layoff tactic: You’re fired. See you tomorrow

To ease the pain of being laid off, Bay Street’s biggest brokerages and law firms are adopting a much more friendly dismissal: the long goodbye.

The standard approach to layoffs is rather gruesome. On dismissal days masses of people are called into boardrooms one-by-one, where their bosses sit beside someone from human resources and read from a script. When the speeches end, they are handed an envelope with the company’s opening offer for a severance package.