There is no good way to eliminate thousands of jobs. But as recent tech and banking layoffs have shown, there are good ways and bad ways to do that. That applies not just to the layoffs themselves, but to what the company is doing at the same time.
Microsoft hosted an exclusive party in Davos this week, and the heat went up as attendees enjoyed Sting’s live performance on Tuesday night. wall street journal report. It’s not clear how much the company paid the performers, but $500,000 isn’t surprising.
The next day, the company announced it was laying off 10,000 people. CEO Satya Nadella sent an email to employees in breaking the news, saying, “We treat our employees with dignity and respect and act with transparency. These decisions are difficult, but necessary.” But Sting’s private performance, held just before the devastating announcement, definitely stung.
Staff at Salesforce were summoned to an all-hands meeting earlier this month, a day after the company announced layoffs affecting 8,000 employees. But when CEO Marc Benioff dodged questions about the layoffs and instead gave a two-hour speech, many were dumbfounded. According to an insider, on his internal Slack channel, an employee wrote:
Thousands have been laid off on Twitter after a chaotic takeover by Elon Musk. Many said, “We are sorry to inform you that your role at Twitter has been affected. Sent by email via
Earlier this month, Goldman Sachs found that employees who attended seemingly routine meetings who had received calendar invitations were instead out of a job.As one worker said new york post From one colleague’s experience, “the meeting was put on his calendar under a false pretext.”
Asked about the tactic, the bank released a statement, laying off 3,200 workers this month. luck Reading: “We know this is a difficult time for people leaving the company. increase.”
luck We reached out to Microsoft, Twitter, and Salesforce, but did not receive an immediate response.
The Trust Factor is a weekly newsletter that examines what leaders need to succeed. Sign up here.