The "low-hiring, low-firing" approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve President Thomas Barkin said in newly released comments, citing the risk that firms could resort to layoffs if the economy weakens.
The 2023 tech layoffs have already begun to make the 2022 tech layoffs look like small-scale firings. What started as a few large companies firing unneeded
In 2023, approximately 2 lakh IT workers have been fired worldwide, from Big IT companies to startups, while companies including Meta, BT, Vodafone, and
Career cushioning has started to become more important now than ever. Get the latest on what it is & how to use it for your own career path.
Tech companies cut over 27,000 jobs in August 2024, with major firms like Intel, IBM, and Cisco among those announcing layoffs. Intel plans to reduce its workforce by 15%, while Cisco is shifting focus to AI and cybersecurity. IBM is discontinuing R&D in China. Other companies like Infineon, GoPro, Apple, Dell Technologies, ReshaMandi, Brave, and ShareChat also announced significant job cuts.
Sound familiar?
Career cushioning has started to become more important now than ever. Get the latest on what it is & how to use it for your own career path.
Career cushioning has started to become more important now than ever. Get the latest on what it is & how to use it for your own career path.
In 2024, there are no indications that the tech industry's layoff wave will decrease. In 2022 and 2023, IT companies made large personnel cutbacks; this year,
Do you get severance if you get fired is a question commonly asked in the workplace. Get our answer inside from the HR and workplace expert.
Do you get severance if you get fired is a question commonly asked in the workplace. Get our answer inside from the HR and workplace expert.
Career cushioning has started to become more important now than ever. Get the latest on what it is & how to use it for your own career path.
Do you get severance if you get fired is a question commonly asked in the workplace. Get our answer inside from the HR and workplace expert.
Career cushioning has started to become more important now than ever. Get the latest on what it is & how to use it for your own career path.
Given how little training there is in conducting effective layoffs, we need to get corporate leadership up-to-speed on the right way to handle such a difficult situation so they can avoid these mistakes. Companies that manage the delivery of bad news effectively are the ones that survive.
Not sure what to do when you get laid off? Don't worry, you're not alone! This post has 8 things you can do immediately if you get laid off.
You’re Fired! Not words anyone would like to hear, however words fans of the Apprentice will know well. There is much talk about being fired this week, with the sudden departure of James Comey, FB…
Layoffs have become a common occurrence, particularly in the tech industry. However, it is crucial to begin the job hunt with a personalised approach, examining transferable skills, and devising a list of potential companies and roles accordingly. The interview stage must tackle the why laid off question professionally and honestly. Despite the impact of layoffs, it is feasible to consider freelance work or entrepreneurship.
The number of “#opentowork” posts on LinkedIn increased more than 20% during November compared to the same period last year. The social media platform also said it saw growth in the number of people adding connections, which is a sign that people are attempting to build their network.
Even without a robust human resources department, you can still conduct firings and layoffs that preserve everyone's dignity, talent experts say.
It’s as unpleasant and awkward as you’d imagine.
Workers worry that remote employees will be let go first if layoffs come as bosses hold onto to the narrative that those who work from home don't work as hard.
The WSJ just had an interesting story on "quiet firing" -- so let's discuss. Are you seeing new unfriendly policies? In general, do you feel like layoffs or firings may be in the cards at your company?
In another bit of sobering news coming in from India's largest cab-tech startup, Ola has embarked on a mass layoff session, yet again. The move comes barely two weeks after Ola decided to shut down
It’s either the worst time to start a new magazine or it’s the best. Over the last decade, we’ve seen national titles go through layoffs and cutbacks, consolidations and reorganizations. Print schedules are shifting — often slowing — and content is moving online, where it’s being optimized for SEO,
Employers are clawing back power, and some companies are using that power to compel workers back to their desks — or risk losing their jobs.
Your career is your most valuable financial asset and you need to protect it. Just like you can buy insurance to protect other areas of your life, you can develop your own career insurance by taking these few, simple steps.
In this article, we will share a few reasons why laying off data scientists amid this pandemic crisis can hamper the business’s future success.
Turnover isn’t inherently a bad thing. Intentional attrition — a deliberate plan to reduce the number of employees in an organization over time — creates a finite timeline where employees and the employer mutually benefit. Most companies don’t work this way; when people leave (and most eventually do), it’s awkward and often unacknowledged. Pointing to the example of McKinsey & Co., the author argues that creating an “up-an-out” system where employees are encouraged to make the most of their limited time at a company can generate a positive employer brand for organizations as a springboard for talent. To make planned attrition a normal process, the author suggests three strategies for companies to get started: 1) Acknowledge that this isn’t forever from the beginning, 2) focus on promoting internal candidates and boomerang employees, and 3) engage your alumni.
Vivek Gulati was one of the 12,000 Google employees laid off in January. It was a shock, but he had been laid off before. With this perspective, Vivek shares his story, how he’s navigating the transition, and suggests ways to take care of yourself first and foremost. In this article, co-authored with psychologist Emma Seppälä, the authors advise the following research-backed strategies: Prioritize self care, notice who you’re blaming, cultivate trust, and focus on what you really want.
Companies are "quietly firing" white-collar workers in hopes of avoiding layoffs. One worker explains the two reasons she fears it's happening to her.
If you’re laid off, the last thing you want to do is send your resume to dozens of companies and pray a recruiter will call you. That’s not a strategy for success. What will make you successful is taking a minimum of 24 hours to process this shocking change to your employment status. Then, do these five things before you update your resume or start looking for a job: 1) Reconfigure your mindset; 2) Write down your accomplishments; 3) Know what you want; 4) Create a job-hunting schedule; 5) Find jobs that look interesting — but don’t apply yet.
"It has a direct negative effect on these freelancers that these places depend on."
Talks for a new four-year labor contract between General Motors Co and its striking workers cooled after the United Auto Workers rejected the largest U.S. automaker's latest offer on Sunday. GM made an offer to the union that basically repeated one the UAW had previously rejected, Terry Dittes, the UAW vice president in charge of the GM department, said in a letter to members. "We, in this union, could not be more disappointed with General Motors," Dittes said.
As crypto job layoffs continue, Banxa is preparing to reduce the size of its workforce by a staggering 30%