All articles tagged with #rehiring
Despite rising layoffs, rehiring of former employees is increasing, indicating that AI may not be replacing jobs as quickly as expected. Companies are re-hiring about 5.3% of laid-off employees, and AI's impact on headcount reduction remains uncertain, with many organizations not seeing significant returns on AI investments. Executives are advised to carefully evaluate which roles can be replaced by AI and consider the true costs of layoffs.
HHS is rehiring some employees previously laid off during a reduction-in-force, including CDC fellows and officers, amid ongoing legal challenges and a government shutdown, with the layoffs initially justified by claims of a bloated department under the Biden administration.
OpenAI is optimistic about rehiring former employees Sam Altman, Greg Brockman, and others who left after Altman's sudden firing. Chief Strategy Officer Jason Kwon informed staff in a memo that executives will provide another update on the situation tomorrow.
Some Big Tech companies, including Meta (parent company of Facebook) and Salesforce, are looking to rehire workers they laid off earlier this year, particularly in areas like artificial intelligence. However, whether former employees are willing to return may depend on how the layoffs were handled. Companies that handled layoffs poorly may struggle to convince ex-workers to come back, while those that handled the process reasonably well may have a better chance. Factors such as career growth opportunities and trust in the organization will also play a role in workers' decisions. Job security remains a significant consideration, and some workers may demand better pay or remain guarded even if they decide to return.
Lowe's has rehired Donna Hansbrough, a 68-year-old employee who was fired after trying to stop shoplifters at a Georgia store, resulting in a black eye. The company initially terminated her for violating their policy against employees intervening in theft situations. However, after senior management reviewed the incident and spoke with Hansbrough, they decided to reinstate her job, emphasizing the importance of customer and employee safety. Hansbrough, who had worked for Lowe's for 13 years, accepted the offer to return.
Elon Musk said Twitter will likely rehire some of the staff he laid off, adding that some of the people who were let go probably shouldn't have been. Musk told CNBC that Twitter "simply did not have the time to figure out" a proper layoff strategy. Twitter's workforce is about 90% smaller than when Musk first took over in October. Musk also repeated a metaphor he first used last December, comparing Twitter to "a plane that's headed towards the ground at high speed with the engines on fire" due to its finances.