SUCCESS
How Human Resources And Employers Can Do A Better Job Of Laying Off Workers
Job Market
One of the biggest complaints about human resources and employers is the cold and impersonal manner in which they lay off workers. How a company communicates and facilitates job cuts is essential for demonstrating empathy and providing immediate support to employees during a difficult and emotional time, as well as maintaining trust with its remaining staff and anyone looking to join the organization in the future.
Employers today are using email notifications or one-way videos to alert workers of companywide layoffs, often due to the scale of the workforce reductions. The sheer number of pink slips would be overwhelming for HR personnel to handle one by one.
Having a remote, dispersed workforce also presents challenges for companies and its workers facing layoffs. The reliance on technology can feel one-sided, impersonal and sometimes insensitive.
Economy
In the United States, the inflation is decreasing. However, some economists argue that achieving further reduction in inflation may be more challenging.
Mohamed El-Erian, chief economic advisor at Allianz and president of Queens’ College at the University of Cambridge, expressed this view, stating, “The so-called last mile is going to get a lot trickier. We’re not going to have the tailwinds that we had, and we’re going to have some headwinds.”
Policymakers in the U.S. aim for a target of approximately 2% annual inflation.
Stock Market
The top performing stocks in the US stock market right now are:
NVIDIA Corp (NVDA) with a performance of 230.84%
Meta Platforms Inc (META) with a performance of 167.30%
Palo Alto Networks Inc (PANW) with a performance of 136.46%
Builders Firstsource Inc (BLDR) with a performance of 127.73%
Advanced Micro Devices Inc. (AMD) with a performance of 122.51%
Arista Networks Inc (ANET) with a performance of 115.38%
Uber Technologies Inc (UBER) with a performance of 113.06%
PulteGroup Inc (PHM) with a performance of 104.14%
Fair Isaac Corp. (FICO) with a performance of 96.93%
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Politics
Florida Governor Ron DeSantis has suspended his 2024 presidential campaign and endorsed former President Donald Trump just before the New Hampshire primary.
DeSantis stated, "If there was anything I could do to produce a favorable outcome—more campaign stops, more interviews—I would do it, but I can’t ask our supporters to volunteer their time and donate their resources if we don’t have a clear path to victory." This decision comes after DeSantis finished second in the Iowa Republican caucus and faced the challenge of a clear path to victory in the primary elections.
Sports
Philadelphia Eagles center Jason Kelce addressed retirement rumors surrounding his career.
Chatter started after the Eagles season was ended by defeat to the Tampa Bay Buccaneers in the Wild Card round. Kelce has not completely ruled out a return and has indicated a desire to stay in the game.
"I don't even know what involves my future, whether it's playing football or not," he told reporters.
Pop Culture
A grand jury in New Mexico has indicted Alec Baldwin on involuntary manslaughter charges in the death of cinematographer Halyna Hutchins on the set of Rust.
The indictment charges Baldwin with involuntary manslaughter (negligent use of a firearm) or, in the alternative, involuntary manslaughter (without due caution or circumspection), both fourth-degree felonies. This indictment opens up two paths for prosecutors, providing them with two alternative standards for the felony involuntary manslaughter charge. If convicted, Baldwin could face up to 18 months in prison. In response to the indictment, Baldwin's attorneys stated, "We look forward to our day in court."
Tech
United Nations Secretary-General António Guterres recently emphasized the need for a global strategy to address the challenges posed by artificial intelligence and the climate crisis. In a special address at the World Economic Forum, Guterres warned that the rapid development of AI could lead to "serious unintended consequences" and called for better governance and oversight on the fast-growing technology.
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