In today’s recap of weekly hybrid work, hiring, and employee experience news, we are seeing a lot of turbulence. The news of Snap’s major lay-offs are another sign of the upcoming “startup winter” and shrinking power of employees.
However, building a workplace that promotes engagement, flexibility, and participation benefits organizations as much as employees. Learn how to support your team in a period of uncertainty and post-pandemic transition with today’s cursed tips.
We support leaders of distributed teams with customizable virtual office spaces where they can instantly connect and improve team engagement as if they were in the physical office.
Lay-offs
Citi Group lays off mortgage workers amid major job cuts | Forbes
A while ago, Citi Group announced a hiring spree which was an unexpected surprise amidst widespread lay-offs in the banking sector. However, last week the company reported it, too, will be laying off part of its workforce as part of internal restructuring.
Snap plans to lay off 20 percent of employees | The Verge
The company is laying off one-fifth of its total workforce, as its stock prices drop by 80%. According to news sources, several departments will be affected the most – Zenly (the company’s social mapping app), mini app development, and Snap’s hardware division.
In a leaked memo, Aurora CEO weighs spinouts, layoffs, and acquisitions against sale to big tech | TechCrunch
The leaked memo has exposed the vulnerabilities of the AV startup. The company’s CEO is contemplating heavy cost-cutting measures: layoffs, hiring freeze, or acquisition by top market players like Apple or Microsoft.
Wayfair to Lay Off Almost 900 Workers, Nearly 5% of Its Workforce | Wall Street Journal
A drop in sales leads Wayfair – an online home goods retailer – to lay off over 850 workers. In a statement, the CEO justifies this decision as the need to “reprioritize investment needs and meet the company’s current needs”.
Remote and hybrid work
Remote companies say culture doesn’t come from the physical office | Wall Street Journal
Losing culture is one of the reasons business leaders are reluctant to bet on remote work. However, fully remote organization leaders believe that culture doesn’t come from sharing a physical office.
Remote working isn’t going anywhere, according to Google search trends | World Economic Forum
According to Google Search Trend, people are troubled by back pains – the search volume for the query “back pain” has spiked during the pandemic. The other one with a similar surge of interest is “remote work”, proving that employees are not ready to let go of the freedom of their home (though they want equipment that offers proper lumbar support).
The future of hybrid work | McKinsey
In a new podcast by McKinsey, the President of Microsoft Asia, Ahmed Mazhari, and Paul Marriott, President of SAP Asia Pacific Japan, share their thoughts on the future of hybrid work in Asia.
Returning to the Office: The Current, Preferred and Future State of Remote Work | Gallup
Gallup shares insights from its latest survey (June 2022). The company reached out to over 8,000 employees across the US to discover hybrid work trends.
Employee experience trends
Prioritize belonging to thrive in the future of work | Unleash
Fostering a sense of belonging in the workplace is especially important for leaders who consider a hybrid work model. Switching to remote and hybrid work introduces a difficult challenge: digitizing employee experience.
Quiet quitting is about bad bosses, not bad employees | Harvard Business Review
As easy as it may be to blame employees for performance issues, team leaders might need to start solving the problem by determining what they need to work on to better manage and motivate teams.
Why some employers won’t give in to flexibility | BBC
Workplace autonomy has long been key to employee retention and engagement, so why are employers reluctant to meet this need? In a BBC article, Alex Christian explores the motivations that drive leaders to return to the old ways.
Technology for the workplace of the future
How cloud has transformed the state of hybrid work | Atlassian
In a hybrid workplace, cloud technologies help leaders be more flexible and confident in supporting their teams. Learn how leveraging the benefits of cloud improves organizational resilience and drives business value.
Enabling workplace transformation with the right technology | HrmAsia
HRM Asia explores how digital transformation helps APAC companies navigate the challenges of hybrid work transition.
Study to discover effects of business automation on jobs | TechTarget
AI automation is another trend impacting the future of hiring and employee experience. New research led by National Academies explores how AI-enabled automation will affect the workforce.
Software Platforms For Business Teams That Are Irrefutably Awesome In 2022 | SnackNation
Whether in-office, hybrid, or remote, the workplace of the future is increasingly digitized. As a team leader, explore new collaboration tools that will help streamline the efficiency of your team’s work.
Keep tabs on the latest workplace trends by following previous episodes of our weekly digest. For more tips and insights on remote and hybrid work, team management, and digital transformation in the workplace, explore our blog.
