Recession and Return-to-office
Throughout the pandemic, employees have gained considerable leverage in the job market, from wages to benefits and even flexibility. This has made it difficult for employers to force remote workers back into the office. But times are changing. Amid various business challenges like market volatility, rising inflation, lagging revenue and a high risk of recession, many companies are slowing down with hiring and in some cases, even letting workers go.
Meta, Twitter and Uber are among some companies that have pushed back return-to-office plans for employees. Dara Khosrowshahi, CEO of Uber wrote in an email to employees that the company "will treat hiring as a privilege and be deliberate about when and where we add headcount." Meanwhile, a Meta spokesperson said, "in light of the expense guidance given for this earnings period, we are slowing its growth accordingly."
Carvana and Robinhood are companies that went on a hiring streak recently and are now letting go of workers. Robinhood CEO Vlad Tenev announced that the company would be letting go of approximately 9% of its 3,800 employees. As for Netflix, the company recently laid off 150 employees. This quickly shifting employee-employer dynamic could give companies the ammunition to take a harder line against the full-time work-at-home arrangements that many employees have pushed for, according to corporate policies experts.
Source: CNBC
Meta, Twitter and Uber are among some companies that have pushed back return-to-office plans for employees. Dara Khosrowshahi, CEO of Uber wrote in an email to employees that the company "will treat hiring as a privilege and be deliberate about when and where we add headcount." Meanwhile, a Meta spokesperson said, "in light of the expense guidance given for this earnings period, we are slowing its growth accordingly."
Carvana and Robinhood are companies that went on a hiring streak recently and are now letting go of workers. Robinhood CEO Vlad Tenev announced that the company would be letting go of approximately 9% of its 3,800 employees. As for Netflix, the company recently laid off 150 employees. This quickly shifting employee-employer dynamic could give companies the ammunition to take a harder line against the full-time work-at-home arrangements that many employees have pushed for, according to corporate policies experts.
Source: CNBC
Category
Teamwork
Retirement Benefits
Work Life Integration
Employment Contracts
Emergency Response
Business Acumen
Environmental Health Hazards
Data Security
Workers' Compensation
Substance Abuse
Sexual Orientation
Flexible Spending Account
Opening & Closing
Mental Wellness
Payroll
Pay Equity
Retention
Paid Leave
Severance Pay
Workplace Wellness
Onboarding
Family & Medical Leave
Work Visas
Technology
Inclusion, Equity & Diversity
Executive Compensation
Performance Management
Affirmative Action
Firing
Whistleblowing
Wellness Benefits
Employee Data Privacy
Time Worked
Benefits Reporting & Disclosure
Gender Identity
Bonuses & Incentives
Closing
Benefits Compliance
Employee Handbooks
Fiduciary Duty
Inclusion, Equity &
People Management
Intellectual Property
Workplace Harassment
Retirement & Recognitions
Educational Assistance
Employee Resource Groups
Employee Surveys
Labor Relations
Ethical Practice
Tags
Article
How to Cope with America’s Return-To-Office Plans
If you’re looking forward to shifting from remote to in-office work, here are a few ways to cope wi ...
The Unionization Wave
From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...
Did You Lose Your Job During COVID-19? Here’s What to Do
First of all, know that you’re not alone in this. About 20.6 million Americans have lost their jobs ...
What Are the Costs to Consider While Planning A Recruitment Budget?
If your organization is on a hiring spree too, one of the key things to consider is the recruitment ...
Comments