All articles tagged with #middle managers
Originally Published 3 months ago — by The Economist
Middle managers face resentment from subordinates and blame from top executives, often embodying corporate bloat and experiencing high stress and burnout, making their role challenging and often satirized.
Originally Published 1 year ago — by BBC.com
Mass layoffs at US companies are hitting middle managers hard, despite their essential role in people management and organizational structure. While cutting these positions may provide short-term cost savings and a flatter organizational structure, it often leads to brain drain, lack of experienced leadership, and decreased employee engagement. This short-sighted approach can ultimately backfire, as companies struggle to meet business goals and retain talented employees, highlighting the importance of valuing and retaining middle managers for long-term success.
Originally Published 2 years ago — by Yahoo Finance
Mark Zuckerberg credits Elon Musk with starting the trend of firing middle managers in the tech industry, which has been "good for the industry." Musk's actions led Zuckerberg and others to consider making similar changes to their own companies. Meta, which owns Facebook and Instagram, announced in March that it would lay off 10,000 employees and freeze hiring on 5,000 more positions as part of a "year of efficiency." Other big tech companies have also shed workers this year, with tech layoffs in 2022 being the highest they've been since the dotcom bubble burst 22 years ago.
Originally Published 2 years ago — by Fortune
Mark Zuckerberg credits Elon Musk with starting the trend of firing middle managers, which has been "good for the industry." Musk's actions led Zuckerberg and others to consider similar changes in their own companies. Meta, which owns Facebook and Instagram, announced layoffs of 10,000 employees and a freeze on hiring 5,000 more positions. Other big tech companies have also shed workers this year. Tech layoffs in 2023 are the highest they’ve been since the dotcom bubble burst 22 years ago.