Mitchell Hartmann, Andy Challenger, Facebook discussed on Morning Edition
Address this problem at a time when Facebook is facing pressure from an advertiser boycott to address misinformation and hate speech on its platform. I'm nervous, awful for marketplace. As bad as the pandemic. Job losses have been 31 million Americans on unemployment rolls, It could actually have been worse. Some companies have managed to cut their labor cost to save money without resorting to permanent layoffs. At least so far. Marketplaces Mitchell Hartmann has more In a recent survey of HR managers, outplacement firm Challenger, Gray and Christmas, found that one in three companies cut employee pay in response to the pandemic, and of that group, 55% reported that cuts allowed them to avoid layoffs. Senior VP Andy challenger says the thinking is we'll have our team intact. It won't hurt morale so bad by letting people go. Even when companies do reduce payroll. Some are trying to retain ties to their workers among S and P 500 companies that have cut staff. 3/4 have done it through temporary furloughs rather than permanent layoffs, says Ganache. Raja Paan at Analytics firm. My logic I believe it was done to retain talent, he says. Among companies that did furloughs or hiring freeze is about 1/4 also reduced pay for top executives. Those some of those cuts have since been restored. I'm Mitchell Hartmann for marketplace. Let's take a quick look at the numbers. SNP features are up just barely Dow futures down less than 1/10 of a percent..