![]() When things pick up again, you might even be able to hire them back! ✅ Right way: Do your best to try to help them find new jobs through your extensive network. ❌ Wrong way: once they door hits them on their butt, you never see them again. ✅ Right way: take time to explain what's happened, what's happening and what will happen next. ❌ Wrong way: so surgical and sanitized that people are wondering what the hell happened. The team senses it's coming and the rumor mills are distracting. ❌ Wrong way: take weeks and weeks to make the cuts. ![]() Here's SOME OF the right and wrong ways to do it. Unfortunately, I've had to do it 4 times in my career. There's a right and wrong way to lay people off. We bolster them, and make them who THEY are. ![]() But corporations don't define who we are, or how worthy we are. If you aren't going through this, please remain grateful for your stability. If you are going through this, please know that it is not you personally, and that you are deeply worthy. Previously, I've entertained offers from multiple companies at a time. I have taken support teams from zero to one multiple times. I know I am excellent at what I do, but it becomes increasingly challenging to believe in yourself in this type of environment. It's a tough market on both the employee and employer side. My former employer was great, so there are no hard feelings. I have been unemployed due to a layoff for 6 months. Financial news network Cheddar has furloughed some workers due to "unforseen" factors, The New York Times reports.Digital news startup The Messenger is cutting around two dozen employees in the face of low cash reserves, The New York Times writes.Xerox plans to lay off 15% of its workforce as part of a transformation under new leadership, The Wall Street Journal reports.Ad tech firm VideoAmp is laying off 20% of its employees as its CEO steps down, AdAge writes.Sharpie and Rubbermaid producer Newell Brands is cutting 7% of its office roles, The Wall Street Journal says, as part of an organizational realignment.Duolingo is eliminating 10% of its contractor positions as artificial intelligence takes on some of their work, according to Bloomberg.Unity Software, which makes products used in the creation of video games, is letting go of some 1,800 people, Reuters reports.Rent the Runway is letting go of 10% of its corporate employees, including its COO, Bloomberg writes.The National Football League has offered buyouts to around 200 of its 1,100 staff, CNBC reports, just ahead of the start of playoffs.BlackRock is laying off 3% of its global workforce, or roughly 600 people, Bloomberg writes, though it still plans to hire in some segments.The layoffs follow the departure of several top executives and concerns around Amazon-owned Twitch's losses. Livestreaming site Twitch is cutting 500 employees representing 35% of its staff, Bloomberg says.Amazon is letting go of hundreds of Prime Video and MGM Studios workers, The Hollywood Reporter writes, as well as 5% of its Audible staff.Google is reorganizing its Devices & Services team and laying off "a few hundred roles" across the division, primarily in its augmented reality hardware team, according to 9to5Google.Discord is cutting 17% of its employees, or about 170 people, in order to "sharpen" its focus, The Verge reports.Disney's Pixar is poised to reduce its headcount by as much as 20% this year, TechCrunch writes, which may include staff hired for Disney+.The media outlet had about 3,500 total employees as of 2023. NBC News is cutting between 50 to 100 workers, according to Deadline.Citigroup is eliminating 20,000 jobs in order to cut costs by $2.5 billion, Bloomberg reports.The company had roughly 10,000 workers at the end of 2022. Universal Music Group will lay off hundreds of jobs this year, primarily in its recorded music division, Bloomberg writes.Apple is shutting down its artificial intelligence operations team, and all 121 employees will be asked to relocate within the company or risk termination, Bloomberg says.Last year’s long-awaited recession did not materialize, unemployment is at a healthy 3.7% and job cuts slowed in December - all of which has some labor experts predicting a “quiet,” if not “boring,” year for labor markets in 2024. There’s also evidence to support a brighter outlook, however. According to Layoffs.fyi, more than 260,000 tech workers lost their jobs in 2023, with Amazon, Duolingo and Unity Software among the firms announcing more cuts in January. The apprehension is not unfounded, especially in certain industries. The new year is often an optimistic time, but a recent survey found that a whopping 85% of workers fear being laid off in 2024.
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