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The Journal.

The New Layoff: On a Wednesday On Zoom

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 11 January 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

Wednesday or Friday? In-person or via Zoom? As dozens of companies undergo layoffs, human resource executives are grappling with a lot of questions about how to let employees go and avoid public blowback. WSJ’s Chip Cutter walks us through the do’s and don’ts of layoffs. Further Reading: - The Debate Swirling Inside HR Departments: How to Lay Off Workers Further Listening: - What Will the Economy Look Like in 2023? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

For Ethan Krat, December 15th started out like any other day.

0:10.6

I went downstairs, fed my pets, took them out and sat down at my computer and started

0:17.1

a normal work day.

0:19.0

For eight months, Ethan had been working in marketing for a cannabis company.

0:23.8

He loved his job.

0:25.6

That morning, he began to notice some strange things happening.

0:31.6

I started to get a lot of email notifications that my meetings for the rest of the day

0:37.8

were all being rescheduled to Friday the next day or even the next week, which immediately

0:44.3

struck me as odd knowing that it is end of year and we do have some harsh deadlines coming

0:48.2

up.

0:49.2

Ethan wondered what was going on and started asking around.

0:54.3

So I reached out to one of my co-workers that had rescheduled a meeting over Slack and

1:00.2

said, hey, do you maybe have some information about why all these meetings are being

1:05.2

moved?

1:06.2

And what did they tell you?

1:07.8

They informed me that there is likely going to be a reduction in force this afternoon

1:13.2

and that a lot of these meetings are being moved out since the rest of the day is probably

1:17.7

going to be a little bit chaotic.

1:20.6

At noon, the CEO sent out an email saying there would be layoffs and he advised employees

1:27.5

to look out for a calendar invite by 1215.

1:30.6

Well, I spent the next 15 minutes wearing a hole in my carpet, pacing around my room until

1:37.3

unfortunately I did receive an email from my boss's boss scheduling a time where I would

...

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