The theory behind layoffs is that they save the company money, even though there’s an initial expenditure of millions or billions of dollars in severance. The idea is, with fewer salaries, the company’s costs are lower on an ongoing basis. I asked Cusumano if that was empirically true. ...
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...
(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, ...
Guys, if we are facing a prolonged downturn, here are the steps we would take before anyone ever loses a job. If you, the employee, see us, me, the CFO, and my CEO, engaging in these cost-reduction steps, you will know that layoffs may be coming, but until ...
Preventing knowledge and skill gaps related to theGreat Resignationorlayoffs Types and purposes of training Over the employee lifecycle, there are many different types of training that employees may need, including: Initial training as a means of introduction to a company and job role (onboarding ...
Sales are declining, malls and department stores are shuttering, and retail employees are experiencing mass layoffs. From all this negative news, it’d be easy for retail merchants to think that no one was shopping these days. But don’t give into any pessimism — the seismic shifts in the...
people they do need, “people would be put off from applying to companies that just fired a bunch of people and good people that work for that company might think they could be next and jump ship”, recessions and lockdowns give a good opportunity to do the l...
We are not facing mass unemployment or social unrest, but the educational system is not as responsive to change in vocational training needs as it should be. We need to find ways to tighten up that feedback loop between education and the skills people will need. My advice ...
And so it was that the presence of racism had morphed the Sheriff’s Department into collaborators in a mass murder. But who was the higher-up that gave them the order to leave Manson alone? I was certainly prepared to believe that’s what occurred. I had been gathering piece after piece...
doing. What you currently have is a bunch of 50 something guys who, having been on the “work harder for less and less money” treadmill are getting ready to say “screw it” and retire. The guys between 35 and 50 have mostly been run off due to multiple layof...