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As businesses brace for the likely recession, HR teams have additional responsibilities. For many small to medium businesses, the economic downturn means layoffs will inevitably come into play. For HR teams, layoffs require additional responsibility and work and can be incredibly stressful for the entire team. To ensure business productivity continues despite the layoffs, HR […]
Many workers around the country and around the world dream of landing a job in Silicon Valley. America’s tech sector is seen as a place of fat paychecks and exciting, cutting-edge work. And for many, that’s exactly what it is. But a recent pandemic-triggered tech employment boom-bust cycle illustrated the fleeting nature of these jobs […]
During the last few months, many large technology companies such as Netflix, Amazon, Meta, and Twitter have carried out mass layoffs, with other smaller companies also culling large numbers of staff. In such tumultuous times, much support is rightly given to those who are laid off, but there’s also an impact on those who are […]
My former employer, Oscar-winning actress Olympia Dukakis, used to say that every job ends sometime. Of course, she was right. And when that day comes, we all hope it will be our choice and not our employer’s. We also would like to see it coming rather than being blindsided. After all, no one starts a […]
Layoffs are an unfortunate necessity for companies of just about any size and in any industry, particularly during economic change or downturns, like right now. Not surprisingly, most teams struggle with maintaining morale in the wake of downsizing. However, it is possible to maintain and even continue to grow your company’s workplace culture health in […]
Despite some high-profile tech layoffs, businesses around the country continue to struggle with high rates of employee attrition and lackluster recruitment efforts. Understanding the drivers of this trend may help employers identify strategies for getting ahead of it and keeping employees—especially top talent—on board. We reached out to business owners and hiring and retention experts […]
As the global economy continues to flirt with recession, many employers have already begun letting large numbers of employees go. This trend is particularly evident in the tech industry, where companies like Google, Amazon, and Microsoft (among others) have laid off more than 70,000 workers in the past year. And that’s just one industry. The […]
It’s no surprise that employee confidence has been shaken with the recent spate of corporate layoffs nationwide. Indeed, 31% of professionals responding to LinkedIn’s Workforce Confidence Survey are now concerned about their companies cutting budgets or staff. Their anxiety should be a wake-up call to HR and corporate leaders whether or not they have a […]
Despite the current backdrop of economic certainty, organizations both large and small are dealing with an acute and prolonged level of job vacancies across their IT teams. Exacerbating the problem is the fact that every sector of business competes for skilled tech workers these days. Technology has become such an integral part of the way […]
Recent headlines have proclaimed massive layoffs in multiple sectors. Amazon, Meta, and Twitter have made significant cuts to their workforces, as well as Morgan Stanley and Goldman Sachs. Layoffs can strike fear into the hearts of all workers, not just those who have received word their positions have been eliminated. As a result, they may […]