by Christine Moukazis | Jan 20, 2023 | Forbes Articles by Jack Kelly
In a memo to employees on Friday, Alphabet, Google’s parent company, announced its plans to lay off around 12,000 people. The decision will decrease the workforce by about 6%. The downsizing is the largest in the search engine’s history. The reduction in staff will...
by Christine Moukazis | Jan 20, 2023 | Forbes Articles by Jack Kelly
The World Economic Forum has announced what it thinks is the most needed skill in today’s “ambivalent, cynical and disempowered” workforce—generous listening. In a published article, the WEF wrote, “If there is one crucial thing that the ‘Great Resignation’ or the...
by Christine Moukazis | Jan 20, 2023 | Forbes Articles by Jack Kelly
Compared to downsizing, a hiring freeze feels like the lesser of two evils. Putting a pause on hiring and nudging attrition without backfilling the roles are lesser-known business strategies to cut costs in an uncertain environment. A hiring freeze is a loose term for...
by Christine Moukazis | Jan 20, 2023 | Forbes Articles by Jack Kelly
American working professionals are coping with anxiety related to a weekly pattern of top-tier companies announcing layoffs, enduring the impact of record levels of inflation, high interest rates and being concerned about the effects of a possible recession. Although...
by Christine Moukazis | Jan 20, 2023 | Forbes Articles by Jack Kelly
The recent monthly jobs reports show that the labor market remains robust. The headlines, however, showcase a steady stream of layoff announcements from prominent companies, including Goldman Sachs, Amazon, Salesforce, Meta and Microsoft. Record levels of inflation,...
by Christine Moukazis | Jan 17, 2023 | Forbes Articles by Jack Kelly
A steady flow of layoff announcements targeting professionals working in tech, Wall Street, media and other sectors could signal the beginning of a white-collar recession. The downturn in the economy is changing the worker-employer dynamic. Companies, after contending...
by Christine Moukazis | Jan 17, 2023 | Forbes Articles by Jack Kelly
A time will come in your career when you need to downshift or make a change. Downshifting—similar to when you drive a car and intentionally shift gears to a lower speed and intensity—applies to your career too. It’s when you acknowledge that you need to cut down on...
by Christine Moukazis | Jan 17, 2023 | Forbes Articles by Jack Kelly
Monster, one of the early online job boards, reported that 96% of workers are hunting for a new job this year, according to its December survey on job search plans and the 2023 United States job market outlook. The respondents say that they are seeking higher...
by Christine Moukazis | Jan 13, 2023 | Forbes Articles by Jack Kelly
In an economic downturn, companies should view layoffs as a last resort rather than the go-to, quick-fix solution. With record-high inflation, high-interest rates and escalating costs of goods and services, business leaders typically opt for a headcount reduction...
by Christine Moukazis | Jan 11, 2023 | Forbes Articles by Jack Kelly
In the new austerity era, white-collar workers will bear the brunt of layoffs. After years of halcyon times, it’s time for office workers to be circumspect and hold onto their jobs. The days of quiet quitting, acting your wage and joining the Great Resignation are...