Hiring freeze thaw at small firms; Some companies replace workers lost through layoffs and attritionJOYCE ROSENBERG
which has more than 14,000 employees, could make an overall reduction of around 5%. In a memo to employees, CEO RJ Scaringe said, "We will always be focused on growth; however, Rivian is not immune to the current economic
Coinbaseannounced it would freeze hiring on June 2, then announced less than two weeks later it would lay off nearly 1,100 people. Google initially announced a hiring slow-down for the remainder of 2022, then declared a two-week hiring pause in July. Meta (formerly Facebook...
In November, the company imposed a near-freeze on hiring. NPR has also suspended internships and fellowships, and restricted nonessential travel, Lansing said. "To address the growing deficit, we need to further reduce our spending," Lansing said to employees. "I recognize that all of...
In response to an email asking the firm about the layoffs, the company said “InMobi / Glance is in the market actively hiring talent for our ambitious plans. We also evaluate the performance of our existing talent annually and make decisions based on it. This is business as usual for us...
Fostering an inclusive team starts with hiring them — at all levels of the company. Even if businesses aren’t in a position to bring on new employees, there are nonetheless steps they can be taking now, and doing so sooner rather than later will be worth it. Creating a more diverse wo...
The trend of large-scale downsizing goes back several months as Facebook parent company Meta said in November that it would cut more than 11,000 employees and put a freeze on hiring in the first quarter of 2023. "I want to take accountability for these decisions and for how we got here...
Horesh added that she is seeing "slight movement," among companies with manufacturing companies "entering a state of 'cautious waiting'—a temporary freeze on non-critical hiring and [making] an effort to understand the implications before making new decisions." ...
Automating creative tasks.Many companies currently face the two-sided challenge of struggling with talent (either from being in a hiring freeze or unable to find the right talent) while, at the same time, still expecting to grow at the same pace as post-COVID...
I would encourage them not to freeze hiring altogether but to seize this unique opportunity to recruit the right talent: either filling niche roles where the talent is still so scarce or strategically bolstering internal teams—where one experienced software engineer may be worth ten of the junior...