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...
Layoffs often do not cut costs, as there are many instances of laid-off employees being hired back as contractors, with companies paying the contracting firm. Layoffs often do not increase stock prices, in part because layoffs can signal that a company is having difficulty. Layoffs ...
opinion ‘Quiet firing’ layoffs risk fomenting a toxic environment Jul 10, 20246 mins opinion AI regulation: While Congress fiddles, California gets it done Jun 26, 20245 mins opinion Senior employees, ordered back to the office, are jumping ship ...
That shift in seeing life as a freelancer as more stable than a traditional full-time roles is a big one. Brown says that the most successful freelancers are ones that “don’t put all their eggs in one basket.” There may not be many, if any, recession-proof jobs, but she points o...
coupled with the big hit to tech companies’ stock prices last year, has made“efficiency”a new preoccupation of tech CEOs. But what is interesting, and perplexing, is the fact that so many of these CEOs have decided that when it comes to layoffs, about 6% of the workforce is a magic...
"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%...
Will there be more layoffs in 2024? That is likely given the push by many businesses to trim costs. The jobless rate could rise to 4.1% this year, according to a recent forecast from Oxford Economics. Federal Reserve Chair Jerome Powell said this week that the central bank wants to see ...
Those companies were in the news just this week, and they weren't alone. Corporate America is now following the lead of Wall Street, where tens of thousands have lost jobs, many of which will never return. The question, though, is this: As the layoffs add up, how bad will unemployment...
There have been many layoffs. Those are hard experiences for men and women together. And those are hard experiences for leaders. Have you done a check to see if women were disproportionately negatively affected? Have you thought about diversity through that? And that’s just an exa...
Second, you have this seemingly extreme phenomena where worker productivity among the non-laid off really appeared to have popped more than many might have expected after 08-09 and seem to have retained these one-time gains. The morale costs of even normal layoffs among what may be seen as ...