So why do layoffs at all if they don’t actually work? “People do all kinds of stupid things all the time,” Pfeffer says. “I don’t know why you’d expect managers to be any different.” Correction 3:46PM ET:Confirmed with Michael Cusumano that he misspoke, and meant $500k, no...
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. Layoffsare the result of imitative behaviorand are not particu...
Lt. General George Flynn, USMC is a great example to follow Leadership is a choice – Everyone has the capacity to lead If you have a desire to see others succeed, that’s why you lead Why mass layoffs never used to happen and why they do now ...
Investors wondering ifAlphabet(NASDAQ: GOOG)(NASDAQ: GOOGL)would join other big tech companies in announcing mass layoffs finally got their answer. The Google parent said Friday morning that it would let go of 12,000 employees, cutting roughly 6% of its workforce. The decision comes as the co...
to compare scenarios. If your company is small, you can make some calculations by hand. But however you do it, look at who you are thinking of cutting and examine the makeup of that group. Then look at the company after the layoffs. Are there fewer people from underrepresented populations...
Companies also do it to adapt to business changes.Most companies make many business-altering transitions over their lifetime—whether that be leadership changes or mass layoffs. Transitional periods in acquisitions or layoff deployment can lead to shifts in company strategy and priorities, during which...
(71%) say they’re under increasing pressure to squeeze more out of their teams, reduce waste, and boost productivity.5Layoffs and cost-cutting measures seem to be the go-to tactics: Mark Zuckerberg, founder of Meta, for example, declared 2023 a “year of efficiency” for his company, ...
"My mind was racing, what could I do? I wasn't going to be the only one job-seeking at the moment because there were so many layoffs. They all happened at the same time." He went to the meeting, where his worst fears were confirmed. The company's chief executive said around 25%...
Rising inflation, economic uncertainties and mass layoffs have rocked the world in the second half of 2022. As we look towards 2023, experts are predicting that businesses in all industries will face anumber of challengesincluding supply chain issues and intensified competition for talent. ...
t tend to go out of business. Profitable companies don’t grow first and then figure out revenue (hopefully) later. Profitable companies can hire slowly and take care of their employees (no need for hiring surges and then mass layoffs). Profitable companies can listen to their customers and ...