Carvana hits the brakes: The used car platform, led by billionaire Ernest Garcia III, cut 2,500 employees last week in layoffs that went viral on social media, partly because many workers reportedly heard the news via Zoom. Our contributors shared why virtual firings in our remote world don't necessarily need to lack compassion, and how firing people via Zoom can create new crises for companies that are already in one.
Not all tech firms are freezing hiring and doing layoffs: We've been hearing more about job cuts and hiring freezes at a range of startups and tech companies. But for now at least, the spread seems contained to startups and tech. "We are not seeing that whatsoever," Megan Slabinski, a district president for Robert Half International in Seattle, told me in an interview last week. Slabinski works on recruiting for tech companies and technology jobs in other industries, and told me she's "continuing to see pent up demand in technology positions across every industry." At Microsoft, the tech giant has plans to "nearly double" its salary budget and boost stock compensation by at least 25%, Bloomberg reported Tuesday, all part of an effort to retain people and help with inflation.
Quotas no more: A Superior Court of California judge struck down a state law that required companies in the state to include women on their boards of directors, saying the 2018 law violated the equal protection clause of the state's constitution. Forbes contributor Michael Peregrine writes that while the decision means other state mandates are also at risk, it shouldn't be seen as a threat to board diversity, which has been steadily improving, if slowly, for years. Meanwhile, Forbes contributor Corinne Post writes about how the loss of board quotas could impact workplace equality.
New Yorkers get a salary peek: On May 12, New York City Mayor Eric Adams signed into law a requirement that most employers include the minimum and maximum salary for positions in job postings beginning in November. While the law had originally been scheduled to take effect in May, it was recently delayed, and those changes could be good for everyone, writes Forbes senior contributor Tom Spiggle.
Do you "Slack-splain?" To prevent confusion or misunderstanding when it comes to workplace messaging apps, many employees over-communicate to clarify tone, according to a new survey by Loom, a video messaging app. The report, which will be released Thursday, seems aimed at highlighting why video might be a better alternative. But we've also all been there, saying a bit more to make sure we don't send the wrong, well, message in a work message (or inserting a smiley 😊or cringe 😬emoji to help). Now, there's just a name for it.
Post a Comment
Note: Only a member of this blog may post a comment.