The breadth of these effects explains how post-layoff underperformance happens — and how it can be missed, since the impacts are dispersed throughout the firm in activities and functions that might not appear at first to relate to layoffs. There are many important reasons for restructuring and workforce reductions, including ownership changes through divestitures and M&A activity, efficiency improvements, down market conditions and financial challenges, and geographic and market changes.
: “Far from cutting-edge, these layoffs mark a revival of long-discredited corporate strategies. If the trend continues, history suggests these tech leaders will leave their companies severely crippled, at best.” Dave Cote, who engineered the turnaround of Honeywell in the 2000s used furloughs rather than layoffs to reduce costs during the Great Recession. Cote’s intact workforce enabled him to continue product development, earning Honeywell a three-year total stock return between 2009 and 2012 of 75% — more than 20 points higher than GE, his nearest competitor. Cote didn’t hesitate to use mass layoffs when exiting underperforming businesses.
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White-collar layoffs soar at brand-name companies amid economic slowdownAmong the brand-name firms announcing job cuts or hiring freezes recently, according to a list compiled by Reuters: Amazon, Citigroup, Intel, HP, Microsoft, Johnson & Johnson, Phillips 66 and the Walt Disney Co. Too heavy anyway 🤷🏻♀️ But wait, what happened to the HUGE job growth that was exalted by Biden? Yes. Jobs returned after the shakedown I mean shutdown. But growth? Pfffffttt. Reality is you’re seeing a recession folks. Amazon could start by not paying Andrew Jassy $202 million a year. CEO's are grossly overpaid. What exactly do they do, other than do book deals and paid meet and greets?
La source: NBCNews - 🏆 10. / 86 Lire la suite »
Jim Cramer says he expects 'many layoffs' at companies after ChristmasPepsi is one of the latest companies to downsize following layoffs at food and beverage peers Beyond Meat, Impossible Foods and rival Coca-Cola. I hope (but don’t expect) to layoff jimcramer immediately So all our jobs are safe then? 👍🏽 Plot Twist. Jim too, will be gone with the wind.
La source: CNBC - 🏆 12. / 72 Lire la suite »
Layoffs: Companies copy others 'in almost mindless imitation,' professor saysA growing number of companies have implemented layoffs in the midst of the challenging economic environment. One professor said companies are copying what others are doing. we’ll if the professors and nyc psychiatrists say so..
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »
Amber Group says it's 'business as usual' amid reports of more layoffsAmber Group is reassuring clients and stakeholders that it is “business as usual” at the firm following reports that the company laid off staff.
La source: TheBlock__ - 🏆 464. / 53 Lire la suite »