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Tech Companies Are Hiring Staff… Then Rescinding the Offers

Tech.Co

The news that tech companies are reneging on job offers is worrying – it’s such a damaging thing to be made public in the context of future recruitment, and the ‘whiplash’ – going from rapid hiring to rescinding offers in a short time, is extremely uncommon. Get all the latest tech news straight to your inbox.

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CityGrid Slashes Staff

socalTECH

Initial news of the cuts, which were made in the last couple of days, came through recruiters and others close to the company. Citygrid did not respond to emails for comment yesterday from socalTECH, however, TechCrunch is placing the size of the cuts at 15 percent of the company. READ MORE>>.

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Take advantage of the good times to build stakeholder loyalty.

Berkonomics

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans. Investor loyalty is most tenuous of all.

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Three questions to answer about your COVID response

Berkonomics

But that good news will not help you if you run out of money during the time it takes for these to happen. Email readers, continue here… ] DURING THIS CRISIS: Having no plan is like having a bad plan. Do you still need marketing costs when there is no-one out there buying new product? Everything will recover.

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Save Your Spin for Someone Who Cares

Both Sides of the Table

He started the call by telling me he had exciting news. He was about to be featured in a major US news magazine as one of their “hot&# picks. A positive news story means NOTHING about the core performance of your business. I’d love to do a 30 minute call just to update you on our exciting news.&#.

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Leaping off the cliff: Making your business virtual

Berkonomics

These same CEOs sit in their corner offices and email the COO in the next–door office and call their VP of Sales rather than walking down the hall. Overnight, just about every company went into a hiring freeze and massive layoffs dominated the news. Not a good time to be in the recruitment business.

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Create stakeholder loyalty when times are good.

Berkonomics

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans.

Layoffs 136