By | Phil Albinus | hrexecutive.com
The numbers are staggering.
Since its purchase by Tesla CEO Elon Musk, Twitter has laid off roughly 3,700 employees. Amazon recently announced plans to lay off 10,000 employees. Meta, the parent company of Facebook and Instagram, has said it will reduce its staff by up to 11,000 positions. And Coinbase, Salesforce, Cisco and other tech-centric firms have announced staff reductions at the same time that tech stalwarts Alphabet and HP have said they will lay off thousands of workers in the coming years.
As businesses face a variety of challenges—Russia’s invasion of Ukraine, soaring fuel costs and endless supply chain issues—HR leaders are in the uncomfortable position of overseeing layoffs, sometimes in their very own departments. In these grim times, industry observers say that HR technology such as offboarding and other tools can help with reducing headcount in an empathetic and compliant way.
