Companies sometimes get bad news and it is not uncommon for this bad news to affect employees. Obviously the news must be disseminated in a timely manner, however, there are some companies whose company culture it is to practice a dangerous form of deception with their employees: they lie to them.
When you lie to your employees, all you are doing is sweeping the trash into the closet, and that closet will eventually be opened. When you lie to your employees, you are saying you do not value them or trust them. When you lie to your employees you are missing an opportunity to solicit some potential solution from your staff; believe me, if the vested in the company they want to help see the problem fixed.
Your employees know the pulse of your company, especially if they have been around for a little while; they know the cycles, and they can quickly separate the truth from falsehood. After all, they run the day to day operation of the place.
Tell them the truth, ask for their help, and you might be pleasantly surprised by the helpful responses.
Dr Flavius A B Akerele III