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Employee Morale

All articles tagged with #employee morale

business1 year ago

"Tesla Announces Global Workforce Layoffs Exceeding 10%"

Tesla has announced layoffs of "more than 10%" of its global workforce in an internal company-wide email, affecting at least 14,000 employees. CEO Elon Musk cited the need for cost reductions and increased productivity as the company prepares for its next phase of growth. The news follows a bad quarterly delivery report and reports of some employees being locked out of system access. The layoffs come at a time when many other companies in the tech industry are laying off staff, and concerns are raised about the impact on employee morale and the company's ability to continue pushing forward in the automotive and energy sectors.

via Electrek|
#business#elon-musk#employee-morale
business1 year ago

"Google Announces Reduced Pay Raises for Employees in 2022"

Google employees have been informed of smaller pay increases this year, with some even experiencing a reduction in their overall pay. The compensation packages, including base salary, bonuses, and equity grants, are reportedly lower than in previous years, leading to concerns about morale within the company. Google attributes the adjustments to better reflect growth and competitive rates across locations, but employees are expressing disappointment and concern about the impact on their financial well-being.

via Business Insider|
#business#compensation#employee-morale
business2 years ago

"Google's YouTube Layoffs Signal More Job Cuts Ahead"

Google's CEO Sundar Pichai has warned employees to expect more layoffs throughout the year, following the recent announcement of 100 job cuts at YouTube. The company has faced multiple rounds of layoffs in the past year, with investor pressure to reduce headcount. Despite ongoing hiring, Alphabet's headcount has decreased, impacting the once-great workplace culture and employee morale.

via Ars Technica|
#business#employee-morale#google
businesstech2 years ago

"Evolution of LinkedIn's Work Culture: From 'Early Retirement' to PIPs and Layoffs"

LinkedIn's company culture has shifted from a "rest and vest" environment to a more scrappy and performance-focused approach, marked by layoffs and increased emphasis on AI products. The end of cushy perks and a shift in employee ratings have led to a decline in morale, with some workers feeling overworked and burned out. The changes reflect a broader trend in the tech industry, as companies prioritize efficiency and growth, and come amid a shift away from the zero-interest rate environment that had fueled tech valuations.

via Business Insider|
#ai#businesstech#company-culture
technology2 years ago

OpenAI Employees Stand Firm Against Job Offers from Microsoft and Salesforce

Some Microsoft employees are expressing frustration over the company's offer to hire hundreds of OpenAI staff, matching their current compensation, after experiencing layoffs, salary freezes, and budget cuts. The offer has led to feelings of inequality among employees and a perception of "different classes of employees." However, some employees see potential benefits, such as an increase in Microsoft's stock price. The situation has already damaged morale among certain Microsoft workers.

via Business Insider|
#compensation#employee-morale#layoffs
workforce-and-employment2 years ago

Insights from Those Who Joined the Mass Exodus of Job Quitters

BuzzFeed and Reddit users have shared their experiences of quitting their jobs as part of a mass exodus, citing reasons such as poor management, low morale, unfair treatment, and unethical practices. Instances include disrespectful bosses, pay cuts, reorganizations, toxic work environments, and financial mismanagement. These stories highlight the ongoing "Great Resignation" trend as employees seek better working conditions and opportunities elsewhere.

via BuzzFeed|
#employee-morale#great-resignation#management-problems
business2 years ago

Insiders' Faith in Disney CEO Bob Iger's Return Fades.

Disney employees are becoming increasingly anxious and losing faith in CEO Bob Iger's ability to lead the company. Iger's return as CEO was initially met with hope, but layoffs, talk of selling TV assets, and uncertainty about the company's future have eroded morale. Insiders describe an atmosphere of fear and confusion, with concerns about downsizing and more layoffs. Iger's leadership style and decision-making have come under scrutiny, and his recent comments about the actors' and writers' strikes and the value of talent have raised questions. Disney is facing internal challenges, declining assets, and pressure from external antagonists. Iger is focused on streamlining the company, acquiring Hulu, and finding a partner for ESPN, but there are doubts about his ability to navigate the changing entertainment landscape. The search for Iger's successor remains a pressing issue.

via Business Insider|
#bob-iger#business#ceo
business2 years ago

"Ubisoft Montreal Implements Partial Office Return Policy"

Ubisoft Montreal is mandating that its developers work on-site at least two days a week, despite previous assurances that remote work would be allowed long-term. The company claims that in-person collaboration and discussions will enhance effectiveness and agility. However, employees view the return to the office as exacerbating existing morale issues stemming from the company's work culture scandal, layoffs, and financial struggles. Other game publishers, such as Riot Games and Activision Blizzard, have also implemented similar return-to-office plans.

via GamesIndustry.biz|
#business#employee-morale#hybrid-working
workplace-dynamics2 years ago

The Rise of 'Loud Laborers': A Threat to the American Workforce

The concept of "loud laborers" is emerging as a new viral career trend in the American workplace, where employees spend more time talking about their work than actually doing it. This behavior can be detrimental to productivity and employee morale. Experts suggest that co-workers should communicate openly and flag concerns to managers, while managers should pay close attention and address the issue head-on. HR departments should increase employee engagement, improve internal communication and trust, and establish measurable ways to track work performance. Cultivating a strong company culture can prevent "loud laborers" from negatively impacting the workplace.

via Fox Business|
#communication#employee-engagement#employee-morale
workplace2 years ago

"Bizarre Job Perks: 34 Outrageous Alternatives to Salary Increases"

A list of 34 ridiculous alternatives to giving employees raises has been compiled, including offering pizza parties where employees have to pitch in on the cost, scheduling meetings during lunch breaks, and providing "fun" team-building activities. These alternatives highlight the lack of proper compensation and benefits in some workplaces, leading to decreased employee morale.

via BuzzFeed|
#compensation#employee-benefits#employee-morale
business2 years ago

"Microsoft Workers Express Deteriorating Sentiments Towards Company Culture and Leadership"

Internal polls at Microsoft reveal that employees feel significantly worse about the company's workplace culture and the effectiveness of its leaders compared to the beginning of the year. The percentage of employees seeing evidence of a positive change in workplace culture dropped from 62% in January to 40% in July, while confidence in the overall effectiveness of leaders fell from 75% to 59%. Additionally, fewer than half of employees indicated they would stay at Microsoft if offered a comparable position elsewhere. The declining morale is attributed to layoffs, paused pay raises, and budget cuts for bonuses and stock awards.

via Business Insider|
#business#employee-morale#internal-polls
business2 years ago

Microsoft's Leadership and Workplace Reputation Questioned in Leaked Poll

Microsoft employees have expressed concerns about the company's leadership over recent changes in compensation packages. The lack of a pay raise has greatly impacted the employees' performance and morale. Less than half of Microsoft employees are willing to retain their positions at the company if they get another offer elsewhere. A leaked internal poll showed that employees have mixed emotions over the company and its leadership based on their decision-making.

via Windows Central|
#business#compensation#employee-morale
business2 years ago

Mark Zuckerberg's Leadership Confidence Declines Among Meta Employees

An internal survey conducted by Meta revealed that only 26% of employees have faith in CEO Mark Zuckerberg's leadership, down 5% from last year. Employee morale has plummeted after months of turmoil, including layoffs and budget reductions. Meta has struggled with a post-pandemic slump in advertising spending. Zuckerberg addressed a companywide meeting and discussed the company's planned product roadmap and artificial intelligence developments. The company intends to expand more slowly going forward, which might result in fewer layoffs.

via NDTV|
#advertising-spending#business#employee-morale
business2 years ago

Meta's AI-driven attempt to regain employee confidence and identity

Only 26% of Meta employees are confident in company leadership, according to an internal survey. The falling morale follows months of layoffs and spending cuts at the company. Despite internal sentiment, Wall Street is hot on Meta: The stock is up 112% so far this year. The company has pulled back on its Metaverse ambitions while embracing AI, leaving employees doubting Zuckerberg's leadership abilities.

via Business Insider|
#ai#business#employee-morale