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Ben Hardy - 3 it's - 3 — - 2 Hardy - 2 Elon Musk - 1 they'd - 1 Amanda Jones - 1 Jones - 1
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☆ An $88 billion auto giant laid off 400 workers remotely in a move likened to ending a marriage by video call
  + stars: | 2024-03-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +5 min
The move by Stellantis, worth $88 billion, has sparked fresh discussions on the etiquette around how to execute layoffs. AdvertisementExperts say that virtual and remote-style layoffs aren't the best solution — it shows a lack of empathy and consideration for the workers affected and might push remaining workers to leave. AdvertisementWhen employees feel the "psychological contract" between themselves and their employers is "violated," they may resort to extreme reactions, Jones said. This could also hurt the morale of remaining employees and increase attrition, according to Boodoo. "Research suggests that following a layoff, there's an increase in voluntary turnover among remaining employees.
Persons: —, Elon Musk, they'd, Ben Hardy, Amanda Jones, it's, Jones, Muhammad Umar Boodoo, weren't Organizations: Service, Dodge, Wall Street Journal, CNBC, Business, Google, Twitter, Employers, London Business School, King's College London, Warwick Business School, Employees
☆ Bosses are back in power — so get used to companies quiet cutting and quiet firing workers this year
  + stars: | 2024-02-25 | by ( Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +5 min
Workers who choose to be fully remote will face limited career progression, an anonymous source told The Register. AdvertisementThese tactics are more commonly known as "quiet firing" or "quiet cutting ," — a workplace trend that has taken off after the end of the zero interest rate era. It's a subtle move by bosses to make a role less appealing, motivating workers to quit rather than forcing them out through layoffs. A lot of companies sell the rhetoric of "we are family" to employees, and public layoffs cut against that perception, Hardy said. AdvertisementUltimately, quiet firing and quiet cutting help employers maintain greater control over the narrative and how they're perceived publicly, Schawbel added.
Persons: they're, Meta, Ben Hardy, Hardy, it'll, Dan Schawbel, Schawbel, they've, it's Organizations: Google, Business, Technology, Dell, Workers, Amazon, London Business School, Workplace Intelligence
☆ Working for Google used to be 'sexy and exciting,' with a strong sense of security. Now, not so much.
  + stars: | 2024-01-31 | by ( Beatrice Nolan | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The tech giant has been caught up in the wave of tech layoffs sweeping the industry. Unsurprisingly, the cuts have gone down badly with remaining Google employees, with some lashing out at the tech giant's "boring and glassy-eyed" leaders. "The reason they're taking it harder is that it's not a feeling of 'Google doing what Google has to do.' AdvertisementHe added: "Working for Google is just not as sexy and exciting as it used to be, especially if you are at risk of being laid off anytime."
Persons: —, Sundar Pichai, Severance, Ben Hardy, Hardy, Thomas Roulet, it's, Roulet, They're, Google's Organizations: Service, Google, Business, London Business School, Workers Locations: Cambridge
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