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Existing workers did not receive pay cuts.

Key Takeaways ;Economic Uncertainty and AI Anxieties Among Employees’ Concerns; ;Hiring Managers Eye Permanent, Contract Workers to Close Skills Gaps; ;PwC to Limit Workplace Options for New Hires; ;Target to Cut 500 Distribution, Regional Jobs to Focus More on Store Labor; ;Figures and Facts of the Week; (Editor’s note: Visit the Feb. 11 federal news roundup to find the January U.S. jobs report.)

As a result of this situation, some organizations may choose to cut, retool or rebrand DEI efforts, said Elissa Tucker, the principal research lead in human capital management at the American Productivity & Quality Center (APQC).

Facebook Parent Meta Announces Layoffs of 11,000 Staff The Wall Street Journal has reported that Meta Platforms Inc. plans to cut more than 11,000 workers, or 13% of staff, embarking on the company’s first broad restructuring to cope with a slumping digital-ad market and falling stock price.

“One major risk is focusing too much on cost-cutting at the expense of employee experience,” Mosher said.

Do: Focus on Scenario Planning and Optimization Don’t: Focus on Cutting Costs Cutting costs is a tried-and-true tactic for leaders to ensure the business is fiscally responsible in tight times.

Boeing Will Repay Furloughed Staff, Proceed with Job Cuts As reported by Reuters , Boeing employees furloughed during a seven-week strike by factory workers would be repaid by the company for lost wages, but the company would proceed with plans to cut about 10% of its global workforce.

“There can be sectors with notable variations like the federal government, which now holds considerable employer power due to the restructuring, significant job cuts and layoffs across federal agencies.

UPS to Cut 12,000 Jobs UPS will be cutting more than 2% of its workforce after reporting a decline in fourth-quarter revenue, according to the Washington Post .

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