You’ve Heard of Quiet Quitting. Now Companies Are Quiet Cutting.

[csrcsr]

 

Workers are waking up to emails and team-meeting requests with a jarring message: They aren’t fired, but their jobs are gone. 

People on the receiving end of these memos describe running through a range of emotions, from relief that they’re still employed to a sense of dread that their bosses secretly want them to leave. They are also facing a labor market that isn’t as robust as a year ago, leaving many to believe that the best option is to stay put and hunt internally for a better fit. 

Adidas, 

Adobe

, 

IBM

 and 

Salesforce

, among others, have reassigned employees as part of corporate restructurings. Mentions of reassignment, or similar terms, during company earnings calls more than tripled between last August and this month, according to data from AlphaSense, a financial-research platform.

 

“Reassigning is definitely a huge part of the dynamic right now,” said Andy Challenger, senior vice president at Challenger, Gray & Christmas, an outplacement firm.

For companies that spent several years—and significant money—to hire top talent, reassigning workers to new roles can be a way to fill jobs vital to future plans while trimming costs associated with old strategies, say human-resources executives. 

It can also be a waiting game. Employees to whom it would be costly to pay severance or months of unemployment benefits might decide to leave on their own if they feel stuck in a job they don’t want, executive coaches say.

U.S.-based companies announced 42% fewer job cuts in July than they did in June, Challenger said. July job cuts were also 8% lower than the prior-year period, marking the first time this year that monthly job cuts were lower than in 2022

 

[csrcsr]

https://www.wsj.com/lifestyle/careers/youve-heard-of-quiet-quitting-now-companies-are-quiet-cutting-ba2c326d?st

[HugoStrange]

Lol ededo Silicon Valley series lo Galvin Nelson gadu Japanese style lo shameful reassignment laga undi

[csrcsr]

7 minutes ago, HugoStrange said:

Lol ededo Silicon Valley series lo Galvin Nelson gadu Japanese style lo shameful reassignment laga undi

rofl rest and vest

[hydusguy]

41 minutes ago, csrcsr said:

 

Workers are waking up to emails and team-meeting requests with a jarring message: They aren’t fired, but their jobs are gone. 

People on the receiving end of these memos describe running through a range of emotions, from relief that they’re still employed to a sense of dread that their bosses secretly want them to leave. They are also facing a labor market that isn’t as robust as a year ago, leaving many to believe that the best option is to stay put and hunt internally for a better fit. 

Adidas, 

Adobe

, 

IBM

 and 

Salesforce

, among others, have reassigned employees as part of corporate restructurings. Mentions of reassignment, or similar terms, during company earnings calls more than tripled between last August and this month, according to data from AlphaSense, a financial-research platform.

 

“Reassigning is definitely a huge part of the dynamic right now,” said Andy Challenger, senior vice president at Challenger, Gray & Christmas, an outplacement firm.

For companies that spent several years—and significant money—to hire top talent, reassigning workers to new roles can be a way to fill jobs vital to future plans while trimming costs associated with old strategies, say human-resources executives. 

It can also be a waiting game. Employees to whom it would be costly to pay severance or months of unemployment benefits might decide to leave on their own if they feel stuck in a job they don’t want, executive coaches say.

U.S.-based companies announced 42% fewer job cuts in July than they did in June, Challenger said. July job cuts were also 8% lower than the prior-year period, marking the first time this year that monthly job cuts were lower than in 2022

 

need of the hr

[Konebhar6]

3 hours ago, csrcsr said:

https://www.wsj.com/lifestyle/careers/youve-heard-of-quiet-quitting-now-companies-are-quiet-cutting-ba2c326d?st

Ee constant re-structuring kuda andukee .. To force emps to leave on their own. 

[Spartan]

August 15th varaku handfull...sleepless night work undi..

Jan lo delivery undi ani full steam lo work cheskuntu veltunnam..

come Aug 27th, project 5 teams lo split chesi dobbaru....

sollu reasoning - to meet the timelines anta... 

Ma manager gadini gattiga adigite...you know how things work annadu... 

[psycopk]

Add msft to list

[Variety_Pullayya]

'reducing redundancy' is the new catch phrase.

[psycopk]

3 minutes ago, Variety_Pullayya said:

'reducing redundancy' is the new catch phrase.

They are balancing AI budget with people cutting

[VictoryTDP]

11 minutes ago, psycopk said:

They are balancing AI budget with people cutting

[Konebhar6]

2 hours ago, psycopk said:

They are balancing AI budget with people cutting

our CIO asking for AI ideas to be included in each department  

Self-goal, self layoff avuddemo