Quiet Cutting: Workers Are Being Reassigned Instead of Let Go

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 1 September 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

As some companies restructure their workforces, many are reassigning employees to new positions rather than letting them go. WSJ’s Ray A. Smith joins host J.R. Whalen to discuss how that can end up putting employees into positions that don’t fit their career path or expertise, and what workers can do about it. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:25.5	profits may be subject to capital gains tax and the value of cryptocurrencies can go down
0:29.2	or up. Here's your money briefing for Friday
0:34.4	September 1st. I'm JR Whalen for the Wall Street Journal. More and more workers are getting
0:41.9	the call that their company is going through some staffing changes, but they're not losing
0:46.6	their job. Instead, they're being reassigned.
0:50.2	It's a range of emotions. The people that I talked to said they had everything from
0:54.4	relief that at least they weren't laid off and they still had a job to anger. They were
0:59.6	just angry that they had no say in where they were going and what they were being told
1:03.5	to do, basically told to do or else. We'll talk with our reporter Ray Smith about this
1:07.7	current trend in corporate America. Call it quiet cutting. That's after the break.
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1:56.3	As many companies re-examine their staffing, the good news is they're not laying off employees,
2:01.4	but the bad news is they're offering workers a chance to stay, but reassigning them to
	...

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