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WSJ What’s News

HR Departments Debate How to Lay Off Workers

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 10 January 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for Jan 10. Executives across the corporate landscape are comparing notes and watching others as they determine how to go about their own headcount reductions. WSJ reporter Chip Cutter explains the debates swirling over everything from when to let workers go to how deep cuts ought to be. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Slack. With Slack, you can bring all your people and

0:05.9

tools together in one place. It's your digital HQ where you can increase productivity,

0:11.1

enable flexibility and automate workflows. Plus, Slack is full of game-changing features

0:16.7

like huddles for quick check-ins or Slack Connect, which helps you connect with partners

0:20.9

inside and outside of your company. Slack, where the future works. Get started at

0:26.9

Slack.com slash DHQ. China bars South Korean visitors in retaliation for COVID-19 rules. Plus,

0:39.6

Virgin Orbits stock plunges after its rocket fails to reach orbit. And HR departments

0:45.6

wrestle with how to pull off layoffs. Do we tell everybody to stay at home and deliver

0:50.0

to layoff news via email? Do you do one big chunk of layoffs or smaller chunks over time?

0:55.4

This is a conversation that's happening with a C-suite with boards. It's Tuesday, January

1:00.1

10th. I'm Luke Vargas with the Wall Street Journal. And here's the AM edition of What's

1:05.0

News, the top headlines and business stories moving your world today.

1:15.7

China has barred visitors from South Korea in response to restrictions on travelers from

1:20.7

China in order to curb the spread of COVID-19. That marks the first retaliatory move that Beijing

1:27.9

has made after the US, Japan, and other countries took steps to limit the number of Chinese

1:33.3

travelers. China has called those steps unacceptable and politically motivated and had warned of

1:40.4

countermeasures. A spokesman for South Korea's foreign ministry did not say how the country

1:46.1

would respond. Separately, Chinese officials said COVID-19 infections have passed the

1:52.1

peak in several populous regions of the country.

1:56.6

Classified documents were found late last year at President Biden's Washington think tank.

2:02.0

That is, according to a statement from the president's attorney, which detailed that

2:06.4

the documents were discovered in November by Biden's personal lawyers as they packed

...

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