“A close to 50-50 split is actually pretty notable because generally the workforce is not 50-50,” explains Layoffs.FYI’s creator, Roger Lee. The online database cataloged over 150,000 layoffs in 2022, but according to Lee half occurred in just the last two months of the year. “The...
“A month prior to the layoffs, we just had the most expensive company party in our history,” the employee says. The event treated employees and their families to food, drinks, entertainment and an elaborate fireworks show. “In retrospect, it felt so preposterous to throw such a massive a...
Few companies have done better risk management in advance and see this as an opportunity to expand and hire the best talent available in the market to expand their business. Bit.com, the second-largest crypto options exchange is aiming to double its workforce amidst layoffs to expand...
Employees are expressing frustration over the uncertainty and the impact of two significant layoffs within the same calendar year. Some employees have also voiced their dissatisfaction, criticising the company’s focus on layoffs rather than innovation and revenue growth. Cisco has initiated a second ro...
IT Leadership Digital Transformation IT Staffing & Careers IT Strategy IT Management neon green arrow pointing up Machine Learning & AI Why Enterprises Struggle to Drive Value with AI Enterprises have invested a lot of money in AI. Now, CEOs and boards want to understand the ROI....
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the only ones affected by the downsizing. It is also necessary to address the needs and concerns of remaining staff, to show sensitivity to their feeling of loss, and to deal with their worries about more layoffs. Only by so doing can an organization retain their loyalty and trust. Do resp...
From Jia Yueting’s view, lay-off is part of the structural shift. Jia revealed that LeEco started to consider structural change since LeEco appeared to have liquidity management issues since October last year. “I prefer to call it personnel optimization instead of layoffs,” Jia commented. ...
we are 3 head count adjustments across the company-4 reductions in a couple of places and aggressive hiring in many others 5 the Times,the Amazon layoffs are the result of the quick 6 of late that saw it end up with too much staff in some units.The paper also said managers are under...