‘Loyalty tax’ hits long-term employees hard during layoffs. This benefit can help
A false sense of job security can make layoffs especially difficult for veteran workers, but outplacement access can ease the transition.
Layoffs
AI moving from ‘hype’ to real execution, JPMorgan’s Brunner says
Plans for automation are in the works for multiple financial institutions, putting worker support roles in jeopardy.
Meta tells staff it will cut 10% of jobs in push for efficiency
Layoffs are scheduled to take place May 20 as the company shifts more spending toward AI development.
AI isn’t replacing jobs, despite usage increases
Organizations are using artificial intelligence more than ever, but so far, have not cut jobs as a result.
Indeed, Glassdoor to cut 1,300 jobs in AI-focused consolidation
Indeed's CEO stated the need to adapt to a more tech-driven age and simplify the hiring process.
Job openings on the rise, while layoffs decline
Employers are growing cautious about expanding their staff, while at the same time mostly holding onto their existing workers.
Walmart eliminates about 1,500 jobs on its technology team
Company leaders say the goal is to reduce complexities and allow for new positions to be created.
Microsoft is cutting thousands of employees across the company
Microsoft said it will cut 6,000 workers in an effort to reduce management layers.
UPS to cut 20,000 jobs this year as it slashes Amazon deliveries
Layoffs of delivery drivers and package handlers will be accompanied by facility closures and other methods of cost-cutting.
Trump cleared by court to enforce firings at 20 US agencies
The ruling lifts a decision by a lower court to temporarily block the terminations of probationary employees.
Don’t let layoffs put you at risk for a fiduciary breach
A chief insurance officer discusses why fiduciary liability coverage, employee education and smart communication are essential.
DOGE firings crop up in jobs data but total scope still lags
Thousands of federal and contract employees have already lost their jobs, but the true impact on these workforces has yet to be seen.
Federal workers appeal Trump DEI layoffs as biased, illegal
The challenge comes on the heels of decisions from judges in Maryland and California ruling in favor of laid off probationary employees.
Southwest to cut 15% of corporate jobs in first-ever layoffs
Southwest has long boasted of never having an involuntary layoff over a history stretching back more than five decades.
Trump ‘buyout’ falls short as 75,000 workers take deal
Around 3% of the civilian federal workforce accepted the option to resign while staying on the payroll through September.
Meta starts eliminating jobs in shift to find AI talent
CEO Mark Zuckerberg told employees that Meta would cut 5% of its workforce — as many 3,600 people.
BP to eliminate about 5% of workforce, CEO says
The restructuring comes alongside the elimination of numerous projects and an increase in AI technology.
US companies announced fewest hires in 2024 in nearly a decade
U.S. companies pared back hiring plans, while job cuts also picked up.
US hiring rebounds, but rising unemployment keeps fed cut alive
U.S. hiring picked up in November and the unemployment rate increased, pointing to a moderating labor market rather than one that’s significantly deteriorating. Nonfarm payrolls rose 227,000 last month following an upwardly revised 36,000 gain in October — a month constrained by storms and strikes — according to Bureau of Labor Statistics figures released Friday. […]
