In a recent announcement made by Macy’s Inc on Thursday, it was revealed the departmental store chain would be laying off about 3,900 employees. The layoff would happen in the corporate and management positions as the US businesses try to save cash in the face of weak demand triggered by the global pandemic. Macy which had about 123,000 employees at the end of January had said it expected to save about $365 million in fiscal 2020 and about $630 million every year as a result of the layoffs.
According to a recent study by Glassdoor Economic Research, dated 22 June 2020, it was revealed high employment rate had triggered recent college graduates applying to tech positions that require experience. The study stated as of May, the number of ‘entry-level’ or ‘new grad’ positions has decreased by 68% from the previous year. Glassdoor also talked about the enthusiasm of new grads to work in tech and that software engineering roles were the most frequently applied roles.
In an internal memo by Goldman Sachs to its employees, it was stated that the bank has recruited the outgoing AT&T chief brand officer Fiona Carter as the bank’s first chief marketing officer. Fiona Carter would join the bank as a partner of 1 September 2020 and would report to chief operating officer John Waldron. According to the memo, Fiona Carter would lead Goldman Sachs’ brand marketing, content, and digital strategy globally.
In a recent development, California plans to ask a state court judge to enforce Uber Technologies Inc and Lyft Inc to categories their ride-hail drivers as employees instead of contractors. The move will intensify the tension over the new law concerning gig workers. The move comes after the shares of both the companies fell about 8%. The matter has been set for 6 August 2020.
The recent development in the nationwide protests against systemic racism, HR leaders worldwide had urged organizations on how to respond to the protests against the racism for greater employer accountability. In a recent statement, dated 4 June 2020, issued by one of the reputed HR institute – Society for Human Resource Management – had condemned the recent killing of George Floyd’s killing and showed their support with the Black community.
According to the statement issued by chief executive officer Ed Sims, Canadian carrier WestJet would sack about 3,300 employees. The move aims to save costs amid the economic downturn that had emerged from the COVID-19 pandemic and had severely hampered air travel. The statement also stated that the carrier plans to outsource operations in all domestic airports except Vancouver, Calgary, Edmonton, and Toronto.
In another development related to the public protests over police brutality against African Americans in the United States, Microsoft Corp on 23 June 2020 Tuesday announced its five-year diversity goal to address racial inequality at its offices. The company also talked about adding another $150 million in diversity and inclusion investment to increase the number of African-American people managers, senior individual contributors, and senior leaders in the US by 2025.
According to a statement issued by Google’s CEO Sundar Pichai, Google is planning to create a ‘range of anti-racism educational programs’ for its employees. The move is a part of a set of initiatives that Google aims for while creating racial equity and inclusion revealed Mr. Pichai in the statement dated 17 June 2020. According to the statement, the training would be launched by early 2021 and would cover systemic racism and racial consciousness.
The recent executive order by the Trump administration announced a temporary suspension of H-1B visas through 31 December 2020. The move is a bid to prioritize the employment of US workers. The statement also stated that in addition to visas for workers with specialized education, the suspension would also apply to visas for seasonal workers, intracompany transfers, exchange visitor visas, and au pairs, among others.
In a recent development at the Alphabet Inc, more than 1,600 employees at its Google unit have petitioned to put an end to the sales of email and other related services to police departments. According to a source familiar to the matter revealed the disappointment of the workers with Google for not joining the millions who want to defang and defund police departments.
According to an internal memo shared by TurboTax-maker Intuit Inc, the company has slashed 715 jobs. The company’s chief executive officer Sasan Goodarzi in his note to the employees informed them about the move calling it a part of the company’s ongoing strategy to become an AI-driven platform. Intuit – the income-tax filing software firm – aims to revamp its customer experience, technology, and sale strategies with the move.
According to an analysis of academic papers by the Advance Workplace Institute – an arm of Advanced Workplace Associates – it was revealed virtual workflows would have the potential to damage trust, social cohesion, and information sharing between the team members. Offering a solution, the Advance Workplace Institute stated in order to prevent such damage, organizations would have to understand the differences experienced by the employees and find alternative ways to operate.
In a recent development, Target – the frontline store and distribution center – would raise its hourly wages in the US to $15 starting from 5 July 2020. According to a blog post that featured the announcement, it was revealed the boost in the wages was in line with goals outlined three years ago to make the starting pay to a certain level. The organization also announced a one-time $200 bonus to acknowledge the work of the hourly wage workers during the pandemic.
Alphabet Inc’s Google in an internal statement on Wednesday announced new hiring goals and security policy to address racial issues at its offices. In the statement, Google Chief Executive Officer Sundar Pichai revealed the company aims to have about 30% more of its leaders from underrepresented groups by 2025. Currently, about 96% of Google’s US leaders are white or Asian and about 73% of its global leaders are men.
In an internal announcement by McDonald’s Corp on Thursday, it was stated the restaurant would hire about260,000 staff in the US this summer, as the stores reopen for diners. The restaurant has been serving people through delivery, drive-thru, and takeaway for weeks due to the global pandemic. The burger chain, earlier this week, had reported about a fall in the US sales in the months of April and May due to the health crisis, however, signaled a recovery in demand as it restarted dine-in.
According to a survey poll carried out by Gallup, it was revealed the US employers have reopened their workplaces and workers have started returning. The survey was conducted in late May and had about 1,914 adults participating in it. The survey results revealed about 40% of Gallup respondents revealed their employers’ had not opted for an onsite screening of employees for the symptoms. While the 17% reported about lack of personal protective equipment provision, the other 13% revealed there had been no enforcement of social distancing.
In a recent development related to the ongoing racism row, Adidas – the German sportswear brand – came under strict scrutiny when the HR chief described the handling of racism as ‘noise’ that is only discussed in America. However, the Adidas spokeswoman informed the brand strongly rebuffed statements that were made in a letter by 83 employees. The letter from the employees demanded the supervisory board to investigate the HR chief’s approach to racial issues in the workplace.
According to an internal announcement, Canada’s largest pipeline operator on Wednesday stated about 800 employees have opted for voluntary buyouts. The move came as the company was trying to reduce costs to tackle the coronavirus crisis along with global oil price shock. Calgary-based Enbridge also informed that the organization was offering employees the option to voluntarily select early retirement, severance, leaves of absence, or even part-time work.
DPD – Parcel delivery firm – on Thursday announced that it would create 6,000 new UK-based jobs. The move would increase investment in infrastructure and would help to meet a boom in online shopping caused by the deadly pandemic and a possible longer-term shift in retail habits. According to the firm, the demand for its services was risen even before the lockdown in March and had continued to rise.
The international hotel chain, announced on Tuesday, its plans to slash about 2,100 corporate jobs or about 22% of its corporate workforce. The announcement came following the coronavirus, which has ravaged the global travel industry. With Hilton’s announcement on the job, cuts threw light on how badly the hotel industry has been hit by the global pandemic, as travelers were forced to cancel their bookings and stay at home amid government-enforced lockdowns.
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