Layoffs: How Companies Decide Whose Job Is Cut | WSJ Your Money Briefing

Video Description

Companies typically carry out layoffs to reduce costs, but compiling the list of workers to be let go is often less simple, and can involve weeks of debate. WSJ’s Chip Cutter joins host J.R. Whalen with more. Photo illustration: Emil Lendof/The Wall Street Journal 0:00 Factors that go into a series of layoffs 0:52 How the job cut process often works 1:41 How seniority or length of service affects your employment 2:13 Does HR have a say in which employees are let go during layoffs? 3:42 How business software company Okta decided who to cut during layoffs Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing #Layoffs #Employees #WSJ