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The last 2 years have been brutal for technology workers. In 2022, tech companies cut over 93,000 jobs, marking a 649% increase over layoffs implemented in 2021. In 2023, the numbers are even worse. Tech layoffs claimed over 100,000 jobs in the first quarter alone, affecting workers at more than 500 companies. Announcements in recent […]
Layoffs are a key tool in the corporate cost-cutting toolkit. While popular culture may demonize staff-cutting executives as corporate boogiemen laughing with joy as they hand out pink slips (Elon Musk comes to mind), the truth is nobody enjoys layoffs. Business leaders are people too, and they understand the pain cutting jobs causes, especially cutting […]
Meet Eryn Marshall, Senior Director of Global Recruiting at Oyster – an employment platform dedicated to creating a more equal world by making it possible for companies everywhere to hire people anywhere. We recently connected with Eryn to discuss how she got her start in the industry, her biggest influences, best mistake, as well as the […]
Putting together résumés and cover letters is arguably one of the most tedious tasks involved in the job application process. While résumés may need to be tweaked to highlight different experiences and skills depending on a particular job opening, these documents are relatively static compared with cover letters, which typically require more customization for each […]
With organizations across the country scrambling to cut costs amid economic uncertainty – from halting partnerships with third party vendors, to reducing employee headcount – the concern is palpable as employees work to determine what it all means for their financial wellbeing. In Q1 2023 alone, U.S.-based companies cut more than 270,000 jobs, a nearly […]
Outsourcing and improved technology have long been used by employers to cut costs and boost productivity. But employers have also gotten into the act in recent years, albeit often without the consent or even knowledge of their employers. Moonlighting on the Sly For example, in 2013 a U.S. software developer in his 40s was terminated […]
Many observers were surprised at just how resilient the American economy has been coming out of the COVID-19 pandemic. In fact, the American economy has been so strong that employers have been struggling to find enough workers to staff their operations. Unfortunately, high demand for both goods and labor has often been met with limited […]
The term “turnover contagion” evokes two distinctly fearful concepts, at least from the perspective of employers: pandemics and retention challenges; and the link this term creates is fairly apt. Employees have been leaving their jobs in increasing numbers, even posting about the joys of quitting live on social media. Employees on the Move “Quitting has […]
If you’ve ever watched a sci-fi TV show or movie, you’ll know that robots and technology are shown as something to fear and run away from. In the business world, this narrative has resonated in some industries more than others. The finance industry, for example, has historically been slow and hesitant to adopt technology into […]
Student loan borrowers are preparing to either resume payments or start making them for the first time since March 2020. Currently, federal student loan payments are scheduled to resume 60 days after June 30. That can change if the Supreme Court rules on President Joe Biden’s student debt forgiveness plan, in which case payments will […]