Layoffs Linkedin 20221009

10/9/22, 1:31 PM (99+) LinkedIn
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Layoffs latest: Companies making cuts

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By Bobby Armstrong, Editor at LinkedIn News
Updated 2 hours ago
Layoffs have been at the forefront of a turbulent 2022 for U.S. workers, thanks
primarily to the shadow of a potential recession. Cuts by tech companies –
Crunchbase News says 42,000 tech workers were laid off through mid-
September – have hogged the headlines, but no sector has gone unaffected.
Cost-cutting has become common, too; Meta, Google, Walmart and FedEx
are just a few of the big names to announce streamlining moves. All the news
isn't grim, however: Jobless claims hit a five-month low the last week of
September.
Tips for navigating your career can be found here.
Firms that have announced layoffs in October:
https://www.linkedin.com/news/story/layoffs-latest-companies-making-cuts-6016986/ 1/14
10/9/22, 1:31 PM (99+) LinkedIn
General Electric is slashing “hundreds of jobs” at its onshore wind-turbine

unit in the U.S., according to anonymous sources. Home My N
Peloton is cutting staff for the fourth time this year, this latest round
affecting about 500 employees, or 12% of its workforce.
JBS Foods is closing the Denver factory of plant-based meat startup
Planterra Foods, which will result in about 121 layoffs.
High-profile firms that cut staff in September include:
San Francisco-based digital document signing platform DocuSign cut 9%

of staff, about 670 employees.
Wells Fargo laid off 36 workers, and has cut more than 400 staff in its
home-mortgage division in central Iowa since April.
Gap cut 500 corporate positions.
Real-estate brokerage Compass announced its second round of cuts in
three months.
Cloud communications platform Twilio laid off about 850 employees in a
cost-cutting move.
Warner Bros. Discovery laid off about 100 employees, mostly in its ad
sales unit.
Jennifer Le • 2nd Follow

Career & Life Coach / Ex-Apple, Meta, Accenture …
2d •
A candidate shared with me that she was let go by her company. She had
never been laid off before and felt embarrassed. She was also afraid that
her kids would view her as a failure. This is what I told her..
This situation does not define you. You are more than a job title. You are
more than what you do for a living.
And as a mom myself, I understand the pressure to be a good role

model. But being a good role model means being real. How to respond
in the face of adversity and disappointment is an example our kids need
to navigate this world.
10/9/22, 1:31 PM (99+) LinkedIn
Your kids will not remember the layoff. They will remember their
mother’s strength and resiliency.
Home My N
And when they’re older and times get hard, they’ll follow the example
you set for them.
You are not a failure. It’s not what happens to you, it’s how you handle it
that determines who you are. A valuable lesson your kids will learn from
you ♥️
184 17 comments · 13 shares
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Jessica Smith • 2nd Follow

Founder | Savant Recruitment | 🍂🪄 Transformin…
3d • Edited •
In the tech space, getting a candidate from Meta or Amazon is like gold
(for some really out of touch companies that have some major bias' they
need to overcome). This mentality that the FAANGs are untouchable..
well guess what folks, some are getting a big ol' slice of humble pie right
about now.
I wish some companies could just call it as it is, and admit that they
overhired, instead of taking absolutely no accountability at all in the part
they also played in this.
It's unfortunate all these layoffs are happening. It down right sucks. But
you know what sucks even more? A CEO that can't admit when they've
goofed and just own it. Zuck is just an example, but I hope this example
comes across loud and clear to some of the companies out there
thinking this is okay.
10/9/22, 1:31 PM (99+) LinkedIn
Home My N
Facebook is conducting 'quiet layoffs' by urging managers to label a

certain number of workers as underperforming. The moves may lead t…
businessinsider.com

Add a comment…
𝘽𝙧𝙞𝙖𝙣 𝙆𝙖𝙞𝙡, 𝙈𝘽𝘼, 𝘾𝙋𝘾, 𝘾𝘾𝘾 • 2nd Follow

Process-driven Career Coaching | Certified Career…
4d • Edited •
The Year of Layoffs...I knew this was coming. How would it not happen?
Meta (Facebook) has its first layoff in its history. If 2021 was the year of
mass resignations, I predict 2022 will be the year of Layoffs. Tech
companies especially are getting hit hard. Netflex, Snap, Google,
Docusign have all had layoffs this year. Be proactive in a volatile job
market. Start building your savings. Update your resume. Maintain your
network. If you can afford it engage with a career professional to review
your professional profile, and build a contingency plan. #yearoflayoffs
#2022layoffs #careercoach #careercoaching
https://lnkd.in/gxqPx8id
10/9/22, 1:31 PM (99+) LinkedIn
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Meta is laying people off for the first time in its history
cbsnews.com

Add a comment…
Natalie Grogan • 3rd+ Follow

CEO | I use objective, evidence-based practices to…
4d • Edited •
People are finally catching on that there are bigger problems looming
than they are addressing. BUT, are they?
Using lagging indicators like, the fact that this has already happened,
despite the windfall of warning signs is not actually 'getting it'.
The layoffs are coming and as a CEO or business leader, you MUST get
strategically prepared. Last in/first out is not a downsizing strategy. You
need to prepare and just hope you'll never have to implement the plan
🤞🏼
It is very frustrating to see the consistent denial that things are getting
really bad.
People continue to deny until the numbers come out and then say,
"welllllll yeah, it's bad but it won't get worse"...until it keeps getting
worse as it has, and then the cycle repeats.
"I couldn't have seen this coming" is no longer an excuse for any
business leader.
Job openings plunge most

since 2020
10/9/22, 1:31 PM (99+) LinkedIn
In a sign an overheated job market

may be starting to cool, available
Home My N
positions fell 10% to 10 1 million Lab
View news story

Add a comment…
Kate Bocash, MBA, PHR, SHRM-CP • 3rd+ Follow

Human Resources (HR) Professional Advising Em…
6d •
Taking a moment out of my self-imposed social media detox/exile to

offer an observation regarding #LinkedIn and the current world of work.
I wish that there was a #dislike reaction option to use whenever

someone posts announcing a layoff and/or a position elimination. I've
been disappointed and sometimes surprised to see how just many
talented professionals have been impacted throughout the past few
years. Heck, I was one myself at one point in time! But right now, being
on the other side (and hoping to stay there), I can also confirm that
layoff survivor guilt is real.
So for those in my network who have been #OpenToWork for a while, as

well as for those who are just finding themselves in that position for the
first time, please lean on your networks and let us know how we can help
you find your next professional adventure! #JobSearchAdvice? Resume
and (the dreaded) cover letter help? Interview practice? Introductions to
other members of our networks? Many times the resources and the
support are there if only we're willing to ask.
135 19 comments · 1 share
10/9/22, 1:31 PM (99+) LinkedIn

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Tim Bouchard • 3rd+ Follow

Delivering successful digital marketing campaign…
6d •
This "recession" is amazing to watch. Weekly articles about all the layoffs,
despite the job market staying hot. Layoffs almost strictly limited to the
startup/tech and banking industries that got fat during the pandemic
along with retail industries who were already on a downward trend for
the last 10 years. Not to mention a real estate market that was also out-
of-control by the pandemic and work-policy updates.
Meanwhile, manufacturing and consumer/professional service industries

continue to stay relatively stable.
It's a weird situation.


Add a comment…
Ayesha J. Whyte, Esq. • 3rd+ Follow

Chief People Officer • Employment Attorney • CE…
1w • Edited •
Over 40% of Americans have been laid off (or terminated) from a job at
least once. 48% of Americans have layoff anxiety. Layoffs are stressful, for
both employees and those who are managing the process.
In my latest published article, I provide tips for making the potentially

emotional process easier for all involved. I would love to hear your
thoughts.
#layoffs #terminations #employeerelations #tipsandtricks #tech

#techlayoffs #ceo #hr #thoughtleadership #advice #leadership
#culture #changemanagement #askayesha
10/9/22, 1:31 PM (99+) LinkedIn
Home My N
Council Post: Layoffs Are Hard: Tips For Making The Transition Easier For
Employees
forbes.com • 4 min read

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Christopher Jaynes • 3rd+ Follow

Open to work
1w •
With the latest round of job cuts. Who is really revamping their resume
and even switching professions, no matter when you are in this stage of
life.
I have seen a lot of #openforwork and many are starting to take over
their #sidehustle and making it their main #income. While still looking
for another job.
Is it due to the cost of everything available for sale? Low supply, or lack
of workers?
No matter what, #layoffs are not good for workers who need a way to
pay for #housing, #food, and even #utilities!
This is not going to be a very good #holidayseason when it comes to
10/9/22, 1:31 PM (99+) LinkedIn
#giftgiving
Keep searching, keep working on that side hustle to make it!
Home My N
Layoffs latest: Companies

making cuts
Layoffs, hiring freezes and rescinded
job offers haven't slowed as summer
turns to fall.
View news story

Add a comment…
Ben Dundee • 2nd Follow

Head of Data Science, Data Analytics, and Data E…
1w •
There are a lot of people on the market now due to an increasing

number of layoffs. Here are some of the things I’ve learned when my job
search mode went from “lukewarm” to “HOT”.
I hope some of it is useful :) Some of these are worth expanding on a bit,

let me know what’s interesting or if yall would like more detail on any of
these.
1.) Don’t panic. Your skills are rare and valuable to someone. This is not a
platitude, it is the truth. If you act out of panic, you will not interview
well.
2.) You need to figure out both pieces—what skills and what “someone”.
This process is all about convincing someone else that you’re the right
solution to their problem. You need to figure out what problems you can
10/9/22, 1:31 PM (99+) LinkedIn
or want to solve. Sometimes your skills sell themselves. You are lucky.
The rest of us have to do Marketing.
Home My N
3.) Some recruiters spend a ton of time on LinkedIn — use the

OpenToWork tag on your profile, and start posting content relevant to
the role you want. Your goal is to show up in their feed with your profile
flair.
4.) “Spend a ton of time researching each role you apply for, customize
your resume, and don’t apply for too many” is probably the wrong
advice for most people below a certain level. It’s certainly the wrong
advice for most IC roles.
5.) Recruiters are busy. Be easy to work with. Return calls. Answer email.
Follow up. The recruiter is a facilitator, not your secretary. There are
services that will handle all of this for you. They are not free, for a reason.
6.) Use tools like trello to manage things at a high level. This will help you
follow up when you haven’t heard back for a few days.
7.) For each conversation you have, keep a separate, written set of notes.
I used something like this (See below). I keep handwritten notes, and
summarize after each conversation.
8.) Use the job description to frame your first call. There’s always a “tell
me about yourself” question. Use your answer in this question to address
specific things in the job description.
9.) You will get the question “what are you looking for in your next role”.
Use the bullet points in the job description to guide your answer.
10.) When talking to anyone, you *need* to ask something like “What’s
your biggest pain point” or “Why are you hiring for this role” — it’s
*starts with* the job description, but you need to have this opinion from
a few different people. Use this evolving understanding of the role and
the mandate to inform your conversation. In some sense, you’re
rehearsing for the last conversation, which is typically the hiring manager
or someone high up in the company. That’s (*usually*) the one person
who can veto you. If you impress that person early, your first few months
on the job will be way easier.
Happy hunting yall :)
10/9/22, 1:31 PM (99+) LinkedIn
#hiring #work #opentowork #interviewing #interviewingtips

Home My N
Opportunity Cheat Sheet • 1 page

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10/9/22, 1:31 PM (99+) LinkedIn
o o
Priyanka Mehandiratta • 3rd+
Founder and CEO @ Unmute | Building the Next …
1w • Edited • Home My N
Yesterday, a #CEO of a software consulting company reached out to me.

He was looking for quick advice as his company had to lay off 10% of the
workforce. He had never done anything like it before, he was scrambling
and sweating.
It’s a call I wished I never got.
This is what I proposed in the 25 minutes we had :
✅Eliminating all bonuses, promotions, and dividends until company

performance is stable again including everyone in the C-suite. Protect
employees first.
✅Give laid–off employees priority status for new job openings when a
company's performance is stable again. Work with your HR and the
talent team to have a strategy in place.
✅Providing as much support to laid-off employees to help them find a

new job elsewhere. Call your golfing and beer buddies NOW.
✅Remember the community of survivors- for those employees

remaining, how you treat those who are leaving will be important.
✅Don’t rescind offers for future starts. Factor them into your math.
✅Reform company strategy to try to prevent a similar situation from

happening in the future.
❌Don’t ever do it again.
What else would you add?
It's time to Unmute.
#CFO #CIO #leadership #layoffs #laidoff #HR #employees #workplace

#mentoring #coaching #unmute #unmuteyourself
#unlearnwithPriyanka
10/9/22, 1:31 PM (99+) LinkedIn
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Shukuru Amos • 3rd+ Follow

Founder @Tanzlite | Digital Marketing & Content …
1w • Edited •
I was keeping up with my favorite TV shows over the weekend and this
particular scene from Star Wars' #Andor made me pause and reflect.
"Build your exit on your way in"
I think it is a good rule for people in the workplace to keep in mind.

Especially now that layoffs are becoming a staple of daily corporate
news.
The days of "safe and secure jobs" are behind us. Don't be caught off
guard. Build your exit on your way in.
#layoffs #workplace
A

dd a comment…
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10/9/22, 1:31 PM (99+) LinkedIn

Layoffs latest: Companies making cuts

Updated 2 hours ago

Tips for navigating your career can be found here.

Firms that have announced layoffs in October:

General Electric is slashing “hundreds of jobs” at its onshore wind-turbine

High-profile firms that cut staff in September include:

San Francisco-based digital document signing platform DocuSign cut 9%

Jennifer Le • 2nd Follow

And as a mom myself, I understand the pressure to be a good role

Like Comment Share Send

Jessica Smith • 2nd Follow

Facebook is conducting 'quiet layoffs' by urging managers to label a

Like Comment Share Send

𝘽𝙧𝙞𝙖𝙣 𝙆𝙖𝙞𝙡, 𝙈𝘽𝘼, 𝘾𝙋𝘾, 𝘾𝘾𝘾 • 2nd Follow

Like Comment Share Send

Natalie Grogan • 3rd+ Follow

Job openings plunge most

In a sign an overheated job market

View news story

Like Comment Share Send

Kate Bocash, MBA, PHR, SHRM-CP • 3rd+ Follow

Taking a moment out of my self-imposed social media detox/exile to

I wish that there was a #dislike reaction option to use whenever

So for those in my network who have been #OpenToWork for a while, as

Like Comment Share Send

Tim Bouchard • 3rd+ Follow

Meanwhile, manufacturing and consumer/professional service industries

It's a weird situation.

Like Comment Share Send

Ayesha J. Whyte, Esq. • 3rd+ Follow

In my latest published article, I provide tips for making the potentially

#layoffs #terminations #employeerelations #tipsandtricks #tech

136 39 comments · 9 shares

Like Comment Share Send

Christopher Jaynes • 3rd+ Follow

Keep searching, keep working on that side hustle to make it!

Layoffs latest: Companies

View news story

Like Comment Share Send

Ben Dundee • 2nd Follow

There are a lot of people on the market now due to an increasing

I hope some of it is useful :) Some of these are worth expanding on a bit,

3.) Some recruiters spend a ton of time on LinkedIn — use the

Happy hunting yall :)

#hiring #work #opentowork #interviewing #interviewingtips

Opportunity Cheat Sheet • 1 page

342 50 comments · 21 shares

Like Comment Share Send

Yesterday, a #CEO of a software consulting company reached out to me.

It’s a call I wished I never got.

This is what I proposed in the 25 minutes we had :

✅Eliminating all bonuses, promotions, and dividends until company

✅Providing as much support to laid-off employees to help them find a

✅Remember the community of survivors- for those employees

✅Reform company strategy to try to prevent a similar situation from

❌Don’t ever do it again.

What else would you add?

It's time to Unmute.

#CFO #CIO #leadership #layoffs #laidoff #HR #employees #workplace