mass layoffs

How to deliver the news of furloughs and layoffs

Compensation - June 28, 2020

Two months ago Ruth Newman, HR manager, thought she could avoid laying off the 10 percent of their workforce during the COVID-19 pandemic. Little did she knows that sever...

Nike announces layoffs on the heels of dismal quarter results

Featured - June 27, 2020

Nike, the sportswear brand, announced a dismal fiscal fourth quarter for 2020, and on the same day, the CEO of the company, John Donahoe, sent an email to employees warni...

Renault to Cut 15000 Jobs as Revenues and Sales Fall

Featured - May 31, 2020

Renault, the French carmaker, announced that it will be cutting 15000 people from its workforce worldwide as part of a two billion-euro cost-cutting plan. The jobs will b...

The Second Wave of Mass Layoffs Has Begun

Featured - May 28, 2020

In just three months, the coronavirus pandemic has driven unemployment in the United States to levels akin the 1930s Great Depression. The COVID-19 outbreak has claimed 3...

IBM Layoffs: Thousands Lose Jobs as Big Blue Swings the Axe

Featured - May 22, 2020

IBM is cutting an unspecified number of jobs in its first major workforce reduction under the new chief executive office Arvind Krishna. Armonk, N.Y.-based IBM said in a ...

A Compassionate Send Off; How to Handle Layoffs

Letting go of a worker or employee is a stressful and unpleasant experience in any circumstance. The coronavirus pandemic has led to many people losing their jobs due to ...

Minimizing the Impact of Mass Layoffs

Leadership - April 16, 2016

Sometimes in life, we have to do things that we don’t want to do – such as, conducting a layoff and letting go off longtime employees. It’s a pretty gut-wrenchi...