Citigroup https://www.theguardian.com/business/2024/jan/12/citi-bank-layoffs-earnings
NBC News https://internewscast.com/news/nbc-news-layoffs-1235716799/
Universal Music https://www.bloomberg.com/news/newsletters/2024-01-14/universal-music-layoffs-record-labels-need-a-new-growth-story
Xerox https://www.cnbc.com/2024/01/03/xerox-layoffs-company-to-cut-15percent-of-workforce.html
Stellantis https://www.wsws.org/en/articles/2024/01/09/lgoh-j09.html
Twitch (Amazon Livestreaming) https://www.reuters.com/technology/amazons-twitch-lay-off-35-workforce-bloomberg-news-2024-01-09/
Google https://www.usatoday.com/story/money/2024/01/16/google-layoffs-ad-sales/72244648007/
Disney https://tbivision.com/2024/01/15/disney-owned-pixar-braces-for-further-layoffs/
BlackRock https://www.cnn.com/2023/01/11/investing/blackrock-layoffs/index.html
Other companies laying off 2023-2024 https://techcrunch.com/2024/01/11/tech-layoffs-2023-list/
Did I hear some anon said suicide weekend is after the layoffs?
Many larger companies, like mine, now have "unlimited" vacation time. TAKE ALL THE TIME OFF YOU WANT - as long as your manager agrees. No vacation time accrual, yet we still need to report the time we take off. But now if you get laid off, there's no extra pay from unused, accrued, vacation time. People are much more expendable now.
Not being required to pay out unused vacation time is a drop in the bucket for employers, and isn't the real reason behind them pushing "unlimited" vacation time policies.
The actual reason is that unlimited vacation time is proven to lead your employees to take less vacation overall, while also giving them the illusion of autonomy, making them more productive. Employees who are given two weeks vacation will always take the two weeks. Employees who are given unlimited, will worry they're being too greedy if they take two weeks.
Of you dont have hours accrued how do you take vacation? You won't get paid. Who can afford to not get paid?
Unlimited vacation typically refers to employers who offer unlimited paid time off. It's a very common thing for the reason I listed.
If you are referring to unlimited unpaid time off, then we're talking about different things. Unlimited unpaid time off is only commonly seen in very low-tier jobs, like fast food and retail, where the employees are readily expendable. It's more "flexible scheduling" than anything else.