"In the past, a company’s decision to eliminate positions may have been protested by a small group of labor rights advocates. Today, thanks to social media, anyone can challenge workforce reduction decisions," said Sandra Sucher, a Harvard professor of management practice.
May 18, 2023 at 10:35 AM
4 minute read
The layoff spree continues in tech, with workflow-software maker Formstack reportedly chopping more than 100 employees this week. Crunchbase tallies that more than 141,000 workers at U.S.-based tech companies have lost their jobs in mass cuts in 2023.
The tech industry’s resizing is painful for employees, of course. But the tech companies themselves also could pay a steep price if they’ve handled the process in ham-handed fashion, recruiters and other observers say.
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