How companies decide to lay off workers

Marketplace

News, Business

4.6 • 8.5K Ratings

🗓️ 5 January 2023

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Amazon and Salesforce are among the companies to recently announce major staff cuts. Layoffs are often one of the first ways employers curb costs, but they can jeopardize a company’s public image and employee goodwill. Today, we’ll look at how firms choose who stays and who goes. We’ll also check in on faltering import and export trade, an uptick in corporate borrowing and the whiplash effect of China’s “zero-COVID” policy.

Transcript

Click on a timestamp to play from that location

0:00.0	We're ringing in the new year here at Marketplace and wanted to thank those who kept our journalism
0:03.8	strong in 2022, especially all of our Marketplace investors.
0:08.3	Thank you for being part of this community of donors, committed to making sure trustworthy,
0:12.5	independent news is here to stay in 2023 and beyond.
0:16.8	It's people like you who make our work possible and you're ongoing support that makes people
0:21.0	smarter every day.
0:22.6	Thanks again and happy new year.
0:25.6	This episode is brought to you by Slack. With Slack, you can bring all your people and
0:30.4	tools together in one place. It's your digital HQ where you can increase productivity,
0:35.6	enable flexibility and automate workflows. Plus, Slack is full of game changing features
0:41.2	like huddles for quick check-ins or Slack Connect, which helps you connect with partners
0:45.4	inside and outside of your company.
0:48.2	Slack.
0:49.2	Where the future works.
0:50.8	It started at Slack.com slash DHQ.
0:55.6	Jobs is where we start. We'll take a detour to artificial intelligence and we'll swing
1:01.0	by corporate debt as well. From American public media, this is Marketplace.
1:15.6	In Los Angeles, I'm Kant. Resolidist Thursday to day, the fifth of January. It is always
1:20.5	to have you along. If jobs are the lifeblood of this economy, as has been said on this
1:26.9	program a time or two, I believe, then the opposite of jobs layoffs must have a special
1:33.5	significance as well. That is where we begin today. With word this morning, the Amazon's
1:38.7	cutting jobs again. It started back in November. Today's news will bring the total to more
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.