LinkedIn Tips to Boost Visibility Post-Layoff
For those laid off, updating your LinkedIn profile with strategic tweaks can increase your chances of catching the attention of recruiters and landing your next job faster.
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Layoff
All articles tagged with #layoff
Unemployed Ex-Microsoft Employee Faces Job and Rent Challenges
Ian Carter, a former Microsoft technical program manager, has been unemployed for five months following a layoff amid a challenging tech job market, and is considering relocating to live with family if he doesn't secure a new position soon. Despite efforts in networking and skill development, especially in AI, he faces difficulties due to market conditions and specific job requirements, highlighting the broader impact of recent layoffs and hiring slowdowns in the tech industry.
space4 months ago
NASA Employee Laid Off with Dignity
Keith Cowing, a space journalist and former NASA employee, was laid off from NASA, highlighting challenges faced by space industry professionals.
Essential Steps to Recover and Protect Your Finances After Job Loss
The article provides a step-by-step guide for individuals who have been laid off, emphasizing the importance of emotional processing, understanding legal and financial rights, securing benefits, planning a job search, and considering contingency plans to navigate the transition effectively.
MindsEye Developer Prepares for Mass Layoffs Following Failed Launch
Build A Rocket Boy has begun a redundancy process affecting potentially over 100 staff following the disastrous launch of its game MindsEye, which has faced significant performance issues and poor player reception, prompting the studio to focus on post-launch support and long-term goals.
NASA Implements Workforce Reductions Amid Budget Constraints
NASA Glenn Research Center announced a workforce transformation plan including voluntary early retirement, separation incentives, and deferred resignation programs, offering employees options to manage their careers amid organizational changes.
"Understanding Tesla's Global Workforce Layoffs and Their Impact"
Tesla is laying off more than 10% of its global workforce due to weak first quarter deliveries and increasing competition in the electric vehicle market. CEO Elon Musk cited the need to cut costs and increase productivity after years of rapid growth, with the reported staffing reduction affecting about 15,000 employees. This comes after Tesla's quarterly deliveries declined for the first time in nearly four years and faced an escalating price war in China, while also abandoning plans to produce a budget-friendly starter car.
"Contractors at YouTube Music in Austin Face Sudden Layoffs Amid Union Support"
Workers contracted with YouTube Music claimed they were laid off during an Austin City Council meeting, prompting a plea for support from the council. The Alphabet Workers Union alleged that Google informed the workers of the layoff just before a scheduled vote by the council on a resolution calling for bargaining in good faith. Google and the subcontractor, Cognizant, disputed the workers' account, stating that the contract had simply reached its natural expiration and that the workers were not laid off. The union maintains that the workers, based in Austin, were paid low wages and had minimal benefits, and that Google's refusal to bargain with them has been deemed unlawful by the National Labor Relations Board.
"Perrigo Implements Job Cuts and Efficiency Program for Sustainable Growth"
Perrigo, a health and wellness company, plans to lay off approximately 540 employees, which amounts to about 6% of its total workforce, as part of its "Project Energize" restructuring program aimed at generating annual pre-tax savings of $140 million to $170 million by 2026. The company, known for its strong presence in West Michigan, including its North American Corporate Headquarters in downtown Grand Rapids, is set to launch the program in the first quarter of 2024.
UPS Announces Multiple Layoffs Across US Facilities
UPS plans to lay off 321 mostly part-time workers at its Swan Island facility in Portland by April 19, 2024, as it eliminates its day sorting shift due to a decline in package volume. The closure will affect both part-time and full-time employees, as well as managers, at the facility.
"The Crucial Money Mistake to Avoid When Laid Off: Prepare for Long-Term Consequences"
Cashing out your 401(k) after a layoff is the top money mistake to avoid due to potential tax consequences and long-term impact on retirement goals. Instead, consider using 0% interest credit cards or applying for unemployment benefits to cover expenses.
Nike Announces 2% Global Workforce Layoffs
Nike CEO John Donahoe announced in an email that the company will lay off 2% of its global workforce, potentially affecting more than 1,500 jobs, with the layoffs not impacting stores, distribution centers, or U.S. manufacturing facilities.
"NASA's JPL to Lay Off Hundreds Due to Funding Shortfall"
NASA's Jet Propulsion Laboratory plans to lay off 530 employees and 40 contractors due to lack of funding for the 2024 fiscal year, affecting 8% of its workforce. The decision comes as the lab has yet to secure funding and faces budget constraints. Employees were notified via email and were asked to work from home during a "mandatory remote work day." The director described the layoffs as a difficult but necessary action, and impacted employees will continue to receive their base pay and benefits during a 60-day notice period.
Snapchat to Cut 10% of Global Workforce, 500 Jobs Slashed
Snap Inc. announced plans to lay off around 10% of its global workforce, totaling approximately 529 employees, with expected charges of $55 million to $75 million. The company has undergone multiple rounds of layoffs since 2022 and is part of a trend in the tech industry, with nearly 24,000 tech workers losing their jobs in January alone. CEO Evan Spiegel recently testified before the Senate Judiciary Committee, and the move follows similar headcount reductions by other tech giants like Meta, Amazon, and Alphabet.
"Okta Announces 7% Workforce Reduction, 400 Job Cuts"
Identity management company Okta is laying off about 7% of its workforce, approximately 400 employees, in a cost-cutting move to improve efficiency and achieve long-term success. CEO Todd McKinnon cited the need to be more thoughtful about investments and reduce costs, despite reaffirming fourth-quarter and full-year guidance. The layoffs come amid a trend of tech companies trimming headcount, with nearly 24,000 tech workers losing their jobs in January alone. Impacted employees will receive transition support, and Okta aims to navigate the changes respectfully while maintaining its critical infrastructure for organizations worldwide.