Employee Engagement in Times of Change: How to Maintain Morale During Mergers or Layoffs
Employee engagement takes a hit during mergers or layoffs, with uncertainty lowering morale and productivity. Research shows that engagement can drop by up to 15% if communication and trust aren’t prioritized. The key? Transparent leadership, equipping managers, fostering accountability, and protecting employee well-being.
International HR News : Southwest Airlines Offers Buyouts Amid Operational Adjustments
Southwest Airlines has initiated workforce adjustments in response to delayed Boeing aircraft deliveries and ongoing investor pressure. These changes include offering voluntary separations and managing overstaffing at several airports.
International HR News : Boeing Balances Employee Support with Strategic Workforce Reductions
Boeing is compensating furloughed employees following a recent strike, yet continues with strategic layoffs as it moves forward with restructuring efforts to address financial and market challenges.
International HR News : Nissan Restructures Operations Amid 9,000 Job Cuts and Global Production Realignment
Nissan announces a strategic plan to cut 9,000 jobs globally and reduce production by 20%, aiming to address declining profitability and unexpected shifts in demand for hybrid electric vehicles (HEVs).
International HR News : Volkswagen Faces Plant Closures and Job Cuts Amid Economic Pressure
Volkswagen is making significant changes by closing several German plants and laying off thousands of employees due to escalating financial pressures. This restructuring is part of the company’s strategy to stabilize profits amid challenging conditions in the automotive industry, including declining sales and rising operational costs.
International HR News | EY Implements Workforce Reduction Amid Market Changes
EY has announced significant workforce reductions for the first time in 14 years, impacting approximately 1,300 employees worldwide due to declining demand for consulting services amidst challenging market conditions and economic uncertainties.
Tech Layoffs Surge in August 2024: Intel, Cisco, and IBM Lead the Pack
In August 2024, over 27,000 employees in the tech industry were laid off, with major firms like Intel, Cisco, and IBM leading the cuts. Intel slashed 15,000 jobs, Cisco reduced its workforce by 6,000, and IBM let go of 1,000 employees. These layoffs bring the total for 2024 to over 136,000 across 422 companies.
