Layoffs

Whether handling layoffs more smoothly, or supporting employee resource groups, leaders should rethink their approach to management.

Less than 1% of workers will be cut in this latest headcount reduction at the company.

Ultimately, firm-wide headcount will decline by 60,000 jobs to 180,000 by the end of 2026.

This is the third time the streaming service has carried out mass layoffs this year in an effort to shrink costs and drive profitability. 

The reduction in jobs will affect about 400 people.

Gap has a goal of saving $300 million a year amid struggles.

Disney Entertainment, home to the company's non-sports-related film and TV businesses, is a focus of the reductions.

Tech companies have accounted for about a third of the announced layoffs so far this year.

The Detroit automaker will offer the workers lump sum payments and other compensation based on tenure.

Reemployment services improve a company's reputation and potentially save money on unemployment costs.