(Bloomberg) — Amazon.com Inc. is laying off more than 17,000 employees — a significantly bigger number than previously planned — in the latest sign that a technology slump is deepening, according to the Wall Street Journal. The cuts, which began last year, were previously expected to affect about 10,000 people. The reduction is concentrated in […]
Read More(Bloomberg) — With recession fears mounting—and inflation, the war in Ukraine and the lingering pandemic taking a toll—many tech companies are rethinking their staffing needs, with some of them instituting hiring freezes, rescinding offers and making rounds of layoffs. Amazon.com Inc. was the latest company to discuss its belt-tightening efforts this week. During its quarterly […]
Read More(Bloomberg) — Tesla Inc. laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, according to people familiar with the matter. Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as […]
Read More(Bloomberg) — JPMorgan Chase & Co. is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates drive down demand in what had been a red-hot housing market. The total affected will be more than 1,000 US workers, with about half moved to different divisions within the bank, […]
Read MoreMost people want to find a job that keeps up with inflation, provides some level of flexibility, but they also want to be happy. After all, most Americans spend at least eight hours a day working — and often without paid time off. It’s the $125,000 question in an increasingly unpredictable labor market: How can […]
Read MoreRecord numbers of Americans have quit their jobs in recent months, with more than 4.4 million submitting their resignation in September alone. Millions more may be preparing to follow them to the exits – one survey found that around a third of workers wanted to make a career change. But one of the things I learned over the […]
Read MoreBefore the pandemic, effective leaders benefited from a deep understanding of human psychology, including what motivates people and makes them feel fulfilled. Today, they require it. Abstract psychological concepts like intrinsic motivation and a sense of belonging are the main indicators of strong work performance and company loyalty, David Rock, cofounder and CEO of the […]
Read MoreAs we move into the last few months of the year, the sad and simple truth is that, no matter how much we might want to be able stop including COVID-19 and its impact on every aspect of life in our daily discussions, the health crisis hasn’t gone away, but instead is showing more persistence […]
Read More