Roughly 60 percent of companies have cut Gen-Z employees they hired this year, according to education and career advisory platform Intelligent. Of the 966 businesses surveyed, 75 percent said that their young workers had “unsatisfactory” performances. Respondents believe that their postgrad new ...
On Tuesday, PayPal said in a letter to workers it would cut another 2,500 employees or about 9 percent of its workforce. The continued cuts come as companies are under pressure from investors to improve their bottom lines. Wall Street’s sell-off of tech stocks in 2022 pushed companies to...
“They have a revenue problem. And cutting employees will not increase your revenue. It will probably decrease it.” The literature on whether layoffs actually work to boost stock price is mixed: in one study, companies that closed plants and did layoffs had better returns than companies that ...
Job cuts at big tech companies are understandably worrying for anyone working in tech, and job cuts are a terrible ordeal for those that have to go through it especially if the process is not handled with sensitivity and compassion. But big tech is not the whole tech industry, which i...
Employees are fired from jobs more often than you might think. In some cases, it's for cause. In others, it's through no fault of their own. Thebest way to handle a firingis to take some time to regroup, learn about unemployment and other benefits you may be eligible for, and then...
For more than four decades, Pfeffer has studied hiring and firing practices in companies across the world. He’s met with business leaders and their employees at some of the country’s top companies to learn what makes—and doesn’t make—effective, evidence-based management. His ...
While many in HR have embraced these traditional marketing skills, the most effective companies are moving beyond HR simply applying marketing techniques to a whole new opportunity. These effective companies are actuallyactivating employeesas a new marketing channel to achieve both HR and marketing objec...
Firing employees is one of the challenge jobs for the Human Resources Managers. What can managers do to manage firing better? In an organization, how do managers make sure everyone's views are respected? Start by defining the qualities of managers. What makes a good manager? ...
Tech companies are also trying to keep two different constituencies happy: their employees, who will generally be made anxious by layoffs, and investors, who generally love them. (The Nasdaq, in fact, was up 10% in January.) If they cut too much, it will aggravate employees. If they cut...
Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn't been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. Inthe last year, more than 70,000 people globally have been laid off by Big T...