VMEO

Several U.S. companies are slashing staff at the beginning of 2023, continuing the downsizing that took place last year as businesses recalibrate after growing rapidly at the start of the Covid-19 pandemic. Waning demand and weaker revenue forced many major employers to scale back payrolls and institute hiring freezes in 2022. That hangover has spilled over into the New Year.  The job cuts have been concentrated in the tech industry and have included Facebook parent Meta…

Executives considering downsizing are currently grappling with the same problem: finding the most effective way to let employees go. Is it better to get layoffs over with all at once even at the risk of cutting too deep? Is firing over Zoom more humane than making an employee come into the office to lose their job? How much severance pay is fair?  As well-known employers including Amazon.com Inc., Salesforce.com Inc., CRM 2.57% Goldman Sachs…