In fact, these are all so similar that they might as well have come from the same PR person. It kind of seems like tech firms are laying off workers because…other tech firms are laying off workers. Let’s be real, none of these companies are teetering on the edge of bankruptcy — ...
Why are so many tech companies laying people off right now? The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. If you look for reasons why companies do layoffs, the reason is that everybody else is doing it....
In the past few months, we witnessed the announcements about major job cuts by technology companies. Cisco plans to cut about 14,000 jobs, Intel announced plans for laying off 12,000 workers, companies like Dell, IBM, and HP Enterprise are planning to continue the spree of downsizing. ...
After all, while these companies have certain things in common, their underlying businesses are very different, and their income statements and balance sheets look nothing alike. So if the layoffs are the product of careful calculation by these CEOs about the number of workers they need to optimi...
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The state still exerts a strong and stabilizing hand, but it has unleashed a private sector that now controls at least half the economy, and as much as 70 percent if you include state-owned companies that are in fact allowed to operate as private firms. Thats up from around 17 percent ...
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Going by the reasons behind many of the layoffs, many AAA companies are either overcrowded or overspending. Perhaps that’s due to rising costs, poor money management, or maybe the paychecks of their CEOs are just too big. And even if a company is more conservative with its hiring number...
Outplacement companies advise workers on how to handle unemployment and job search, a service that is a severance benefit provided by companies laying off workers. Management consultants were informative because they made wage and salary surveys, designed compensation schemes, and advised companies on ...