Google announced another massive round of layoffs this month. Causing a ripple effect in the Bay Area, including a closing of a daycare. Google's recent layoffs, while aimed at cost-cutting, have broader implications for the local economy, job market, and the company's own employees and future recruiting efforts.
As Google navigates this challenging period, understanding the ramifications and utilizing resources like WARN notices will be crucial for both the company and the affected individuals.
It seems there is no slow down in tech layoffs. Perhaps a necessary evil or an over correction of companies eager to prove their value to stake holders with little regard to the affected masses.
Below, Dave Lehmkuhl, highlights what Spotify did right when recently laying off staff.
Let's hope if this wave continues, companies take note.
"Spotify announced the layoff of 1500 people - 17% of their company.
The actions they took though in the process really impressed me.
Provided an explanation to their current employees on what happened (easy capital and over hired); Getting back to being resourceful
Provided 5 months of severance pay to the people impacted
Accrued and unused PTO will be paid out.
Spotify is covering healthcare for the 5 months of severance
Helping them with outplacement support for 2 months
They owned their mistake (over hiring) and are taking care of the people who helped them along the way.
That is really all you can ask of an organization in tough times.
I applaud their leadership team for this one."
Originally written and shared by Dave Lehmkuhl
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