WAYS TO COPE WITH LAYOFFS
If Your Workplace Feels More Rigid Overnight, Here’s What Experts Say
American workers are facing a sudden shift to stricter management processes, often linked to upcoming company changes like restructuring or downsizing. While intended for efficiency and cost control, this rigidity can cause employee anxiety and reduced morale due to perceived job insecurity. Clear communication and organizational support are crucial to navigate these transitions effectively.
Sadhguru on how to come to terms with layoff and make a fresh start: 'You have not lost everything'
Sadhguru offers a unique perspective on job loss, urging individuals to view it as a release rather than a loss after years of hard work. He acknowledges financial concerns but emphasizes counting blessings like being alive and having family. This shift in perspective, he suggests, can lead to discovering new talents and making a livelihood without traditional office work.
What Happens to Team Dynamics in the Weeks Leading Up to Layoffs
Subtle shifts in team communication signal upcoming layoffs. Meetings increase, focusing on tangible results. Work distribution alters, with some tasks gaining attention while others are dropped. Collaboration gives way to individual efforts. Employees become highly aware of their own and others' behavior. This heightened attentiveness and moderation within teams create an atmosphere of anticipation before official announcements.
Why HR Keeps Saying “We’ll Update You Soon,” and Why It Rarely Means What You Think
Companies often face delays in HR updates, leaving employees in uncertainty. This communication gap, especially during restructuring or layoffs, erodes trust and engagement. Such delays increase stress and can lead to employees seeking new jobs. Predictable and transparent communication is vital for employee well-being and organizational stability. Timely updates foster better relationships and help employees manage change.
Employee laid off, husband burnt out from work — Internet steps in with surprising solutions
Job layoff mental health impact: A couple faces immense pressure as one spouse was laid off and their severance is ending, while the other battles work burnout. The laid-off spouse is actively seeking new employment, expanding her search to various roles. The Reddit community offered support and coping strategies for navigating this challenging period of financial uncertainty and emotional strain.
The US is now at greater risk of deadlier wildfires—even worse than the one in Los Angeles. Here's why
Massive layoffs in the U.S. Forest Service have drastically reduced resources and personnel, which could severely impact wildfire prevention and firefighting efforts. With less staff to maintain trails, remove combustible debris, and support firefighters, safety concerns, especially in the wildfire-prone American West, have been raised. Fired employees fear worsening conditions and increased wildfire risks.
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US planned layoffs drop again in October, recruitment firm Challenger says
Firms announced 55,597 layoffs last month, down 23.7% from the 72,821 announced in September. Year-to-date announced staff reductions of 664,839 through October are 3.7% higher than through the first 10 months of 2023.
BBC to axe 500 more jobs in bid to be 'more agile'
The BBC will cut 500 jobs by March 2026, aiming to save £200 million amid inflation and funding challenges. Shifting to a digital-first approach, active licences dropped to 23.9 million. A 10 percent headcount reduction occurred previously. Facing a 30-percent income cut and £80 million loss, Tim Davie seeks government funding for the BBC World Service.
SoftBank’s Vision Fund to start job cuts as soon as this week
About 13% of the Vision Fund staff will be affected, one person said. The headcount reduction will mostly occur in the US, another person said, asking not to be identified as discussions are private. The investment unit had about 349 people globally as of end-March.
Distraught startup employees looking for new jobs, as funding dries up
As funding dries up and job losses pile up, employees at troubled startups are starting to crack under the pressure. Amidst unachievable targets, increasingly toxic work environments and the constant fear of job cuts hanging over their heads, the startup stardust has long worn off, leaving many desperately searching for a way out.
Distraught startup employees looking for new jobs
ET spoke to employees across several startups that are now facing the heat of a funding winter and pressure from investors to rein in costs. They have seen colleagues being shown the door; some have left on their own or are on the verge of a burnout. Some say their families can't deal with their work hours - things are rocky both at home and work.
IBM cuts 3,900 jobs, misses annual cash target
Chief Financial Officer James Kavanaugh told Reuters that the company was still "committed to hiring for client-facing research and development". The layoffs - related to the spinoff of its Kyndryl business and a part of AI unit Watson Health - will cause a $300 million charge in the January-March period, IBM said.
First Covid, now layoffs: Indian professionals undergo tremendous stress, anxiety
According to health experts, the last 2-3 years of Covid lockdowns, deaths, and fear of re-infection, and now massive layoffs, have resulted in extreme stress for Indian professionals. Dr Saumya Mudgal, Senior Consultant, Psychiatry, Max Hospital in Gurugram, told IANS that there has been a drastic increase in the number of patients coming from MNCs.
Mixed bag of opportunities for job aspirants in 2023; enhanced skills to be in spotlight
According to staffing firms and job portals, it will be a mixed bag for the Indian job market next year. Amid subdued tech hiring, some of the non-tech hiring, especially in telecom and service-oriented sectors has gained pace and is set to drive the recruitment momentum in 2023, they said.
Employees sue Twitter as bloodbath looms; Udaan sacks another 1,000
Elon Musk’s Twitter, as expected, has begun the process of sacking about half of its 7,500 workers by cutting access to their laptops, emails and internal Slack channels. Anticipating the mass layoffs, employees filed a class-action lawsuit against the company, accusing it of violating US law by not giving them enough notice.
Braden Wallake, the ‘crying CEO’, says he loves his employees, even those he laid off in LinkedIn post
Braden Wallake, the chief executive officer of a Columbus, Ohio-based marketing agency called HyperSocial, wrote a guilt-filled post Tuesday about laying off employees that concluded with a teary-eyed selfie. After the post went viral, he declared himself “the crying CEO.”
Marketers need to engage through empathy: Salesforce’s Stephanie Buscemi
Buscemi said that with a digital-first mindset, there’s a good opportunity to be smarter about using data to make sure that our touch-points with customers are intentional, mindful, and impactful.
Indians suffering from all-time high stress levels, erratic sleep cycles & depression due to lockdown
Around 43% Indians suffer from depression, says a recent GOQii study.
Lost your job? Your company will help find one
Outplacement services firms provide career transition services to organisations and help candidates following layoffs.
Lost your job? Here’s how you can cope with it
People laid off from their jobs are more prone to sleep problems, ulcers, headaches and even heart ailments.
Layoffs must be humane, say company CEOs
There is need for proper communication and conversation with the person to understand his circumstances and allow at least three-six months to look for alternatives.
Layoff survivors’ syndrome: A growing number of Indians suffering from guilt, anxiety and constant fear
Many Indians are finding this out the hard way, even as they may have survived layoffs of late across sectors such as ecommerce, telecom, IT, etc.
Rugby-England retain Clifford, Slade for Wales clash
RUGBY UNION-NATIONS/ENGLAND:Rugby-England retain Clifford, Slade for Wales clash
IBM India staff still battle tech blues fearing more layoffs
From around 1.65 lakh employees on its payroll in 2011, IBM's India headcount is expected to slide to one lakh by March this year.
ET in the classroom: The anatomy of layoffs
Several companies, banks and financial institutions across the world resorted to layoffs during the slowdown
Satyam won't sack, to pool 10,000 staff
Satyam unveiled a plan, which will see it sidestep the sensitive issue of sacking staff, but help save large sums of money in salaries.
Layoffs might ease, but firms in no mood to hire
Cos will have little appetite to ramp up hiring until they feel the economy is truly out of the woods & a recovery is firmly rooted.
Barclays to cut another 2,100 jobs
British banking giant Barclays is to cut 2,100 jobs in its retail and commercial businesses, it said Wednesday, a day after announcing a similar number of job losses in its investment divisions.
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