Paul Galvin, founder of Motorola shared this thought in Jim Shaffer’s book, The Leadership Solution and he’s right. Employees are grown-ups. They can handle bad news, especially when they know they can trust their leaders. What they can’t handle is uncertainty, lack of clarity or a lack of trust from their leaders. When leaders hesitate to share information with employees, they have good intentions but leaders risk damaging their own credibility and alienating their greatest asset by not sharing. Employees know when you're hiding something. If you aren't straight with them, you risk encouraging the rumour mill. People will fill the void with what makes sense to them.
...it's what I do...