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More Posts on Layoffs
The recent PR crisis for Better.com is a lesson for all of us on the importance of empathy in leadership.
The pandemic forced hard decisions on all of us.
First-time filings for unemployment claims totaled 290,000 for that week ended on Oct. 16, reporting that the figure was down 6,000 from the previous week.
First-time filings for unemployment insurance-a proxy for layoffs-came in at 362,000 for the week ending on Sept. 25, an increase of 11,000 from the previous week, the Labor Department said in a statement.
Before making a tough decision that impacts your team's future, Gravity Payments CEO Dan Price has a simple suggestion: Ask them for advice. It worked for him.
United Airlines Lost a Massive $1.8 Billion, Cut Thousands of Staff and Burned Through $25 Million a Day in the Third Quarter
But CEO Scott Kirby added that by cost cutting and building up nearly $20 billion of liquidity, it was ready to prepare for an eventual recovery.
No business owner likes to do it, but sometimes layoffs are the only option.
There are lots of particulars to take into account.