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Facing negative headlines fueled by leaks from opposing creditors, Lumen's management was honest with employees, explaining that the media narrative was designed to serve an agenda. This transparency, combined with a confident vision, helped retain critical talent during a public restructuring.

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When acquiring a company, its employees run the risk of feeling "sold" and betrayed. To prevent this, ensure they hear the news from a trusted source with a clear rationale before the deal is finalized. This helps them understand the move and feel like part of the future, not just an asset being transferred.

Instead of hiding during a contentious debt negotiation, Lumen's CFO remained highly public. He argues this transparency was crucial for building investor trust and, just as importantly, demonstrating the same bravery he was asking of his employees who were executing the turnaround.

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To rebuild trust during its turnaround, Ørsted's management announced a 25% workforce reduction that would take over a year to complete. The CEO believed providing this long-term clarity, despite the negative news, was crucial for restoring credibility with his team.

Facing a revenue crisis in the 2008 crash, Tim Guinness made his team redundant but immediately offered to re-hire them at half their salary. This transparent but painful move retained key talent, with nine of ten affected staff accepting. Pay was restored within 15 months.

To maintain morale during painful budget cuts, the UN agency's leadership adopted a strategy of extreme transparency. This meant constant communication, not only to share updates but also to be honest about uncertainties. Acknowledging what you don't know builds more trust than projecting false confidence.

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