Future of Work Roundup - Week of November 28
Nov 28, 2022
Welcome to the Future of Work Roundup. Each week, we bring you five top stories—drawing from the latest academic research and industry trends—to give you an easily-digestible snapshot of how work is changing—and why it matters.
Bob Iger has returned to Disney as its CEO. As reported by the Wall Street Journal, this "boomerang" move isn't all that rare. Since 2010, 22 CEOS at S&P 500 companies have boomeranged, typically in efforts to get their companies back on track.
How great leaders communicate
In a new Harvard Business Review article, Harvard University instructor, Carmine Gallo, describes four communication strategies to help motivate and inspire your teams. Topping the list—and especially relevant in today’s business climate—is “use short words to talk about hard things.”
Musk bails on Twitter bills
The New York Times reported that, after his Twitter takeover, Elon Musk is refusing to pay some bills—including failing to pay vendors for travel expenses incurred by former Twitter execs and skipping office space payments. Other employees have reportedly had their corporate credit cards canceled.
Layoffs at HP
In the latest layoff news, HP announced that it will eliminate up to 6,000 jobs (approximately 12% of its workplace) between now and the end 0f 2025. Why announce cuts so deep into the future? Some experts say that by announcing layoffs more than two years in advance, some employees will self-select out.
Tougher performance reviews at Google
Fortune reported that Google is restructuring its performance review process to be more intense. The aim is reportedly to identify 10,000 low performers. Employees are fearful that layoffs will follow.
Thanks for reading. Stay tuned for next week’s Future of Work roundup.