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Copycat layoffsAndreyPopov/Getty Images"Copycat layoffs" is the idea that companies are being influenced by one another as they cut jobs. Jeffrey Pfeffer, a professor at Stanford's Graduate School of Business, attributed the layoffs to "copycat behavior" in an interview with Stanford News in December. They followed on the way up; companies were hiring, so everybody decided to hire. Now, companies are laying off, and everybody decided to follow each other and lay people off." "It's difficult without being inside those companies to really point a finger at why these tech companies are shutting people," Minshew said.
Persons: Jeffrey Pfeffer, " Pfeffer, Kathryn Minshew, Minshew Organizations: Google, Microsoft, Stanford's Graduate School of Business, Stanford News
Mondays in the office could be "dead forever," one of New York's biggest landlords says. One of New York's biggest private landlords, Vornado Realty Trust, is betting on hybrid work being here to stay. The firm's chairman, Steven Roth, told investors recently that office work on Fridays is likely "dead forever." Office visits on Mondays and Fridays, however, remain just half of what they were in 2019, according to the report. The current push toward hybrid work comes as some companies are doubling down on employees returning to the office.
Persons: , we're, Steven Roth, Vornado, Bob Iger, that's, Kathryn Minshew Organizations: Placer.ai, Service, Vornado Realty, Street, Penn, Amazon, Meta, Disney, Employees, Kastle Systems, New York, San, Chicago, Washington D.C, Philadelphia, Houston, Austin, Dallas, Angeles Locations: Placer.ai, Arizona, Jose, San Francisco
The end of remote work? Firms look to punish remote workers
  + stars: | 2023-04-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe end of remote work? Firms look to punish remote workersHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Lydia Moynihan, New York Post, and Kathryn Minshew, TheMuse.com founder and CEO, join the show to discuss the potential crackdown on remote work.
Copycat layoffsAndreyPopov/Getty Images"Copycat layoffs" is the idea that companies are being influenced by one another as they cut jobs. Since the start of 2023, numerous tech companies have laid off workers, including Google, Microsoft, and Zoom, picking up on job cuts that started in the second half of 2022. They followed on the way up; companies were hiring, so everybody decided to hire. Now, companies are laying off, and everybody decided to follow each other and lay people off." "It's difficult without being inside those companies to really point a finger at why these tech companies are shutting people," Minshew said.
Business InsiderThe authors of "The New Rules of Work" suggest browsing job listings before you're ready to quit. Now is still a good time to look at job openings — the US had 10.7 million of them in September. Remember, too: The authors say it doesn't matter if you're perfectly content in your current role. At some point, you'll want a promotion, or at least a new challenge — even if it's within the same company. Once you've identified those skills you'll eventually need, you can work on gaining them — by taking a course, going to conferences, or volunteering to work on a new company project.
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