Although it may appear that participation of women in the labor force has increased significantly in recent times, but that is not the case – at least not at the global level. Even though the labor force participation rate for women aged 25-54 has undeniably increased from 67 percent in 1990 to 77 percent in 2021 in high-income countries, situation looks quite differently in all other income groups. According to estimates from the International Labour Organization (ILO), only 61.4 percent of women in prime working age were either employed or actively seeking employment globally in 2022, which is actually a small decline from 62.8 percent in 1990.
What could be a better way getting detailed information about
work culture of a company than to hear from those who have already been on the
inside?
The infographic used here shows how America’s top employers have changed over the last five years based on employee reviews on Glassdoor, a website that lets present and previous employees to anonymously review their employers on areas like company culture, pay, benefits, diversity, and more.
Following Twitter, tech giant Meta is also planning large-scale
layoffs starting this week, The Wall Street Journal reported. While Twitter
made its decision as part of Elon Musk’s takeover, Meta has a different reason
to cut jobs, and it has to do with its efforts to maximize profit.
Currently, over 87,000 people are employed at Meta and so, if the company cuts thousands of roles, that would result in a considerable reduction. Meta has already lost a huge sum of money as a result of changes in data privacy. The company still expects to lose more in the near future; about $10 billion, after losing its app-tracking ability following Apple’s updated data privacy policy.
After the successful completion of acquisition of Twitter on October 28th, Elon Musk plans to lay off 50 percent of its 7,500 employees, according to sources familiar with the matter. This would be considered as the fourth-biggest single layoff in the world of technology since the beginning of the coronavirus pandemic, according to the data crowd sourced by Layoffs.fyi. Although it is presumed to be one of the biggest, but it is not the only case of reducing the taskforce in the tech world in the last couple of weeks. This works as an indicator, that the layoff wave in the technology sector which started in April this year, diminished in November, and is now growing again is not yet over.
Huge tech companies have employees in tens of thousands of
numbers. On the top of the list are Meta, Uber, and PayPal. Meta is the biggest
social network by staff size and has more than 83,000 employees. According to
the list of biggest tech companies by staff provided by Companies Market Cap is
Amazon at around 1.5 million employees. The company that follows is Apple
contractor Foxconn with 826,600 employees. In the top five are also Chinese
e-commerce giants JD (390,000 employees) and Alibaba (245,700 employees) as
well as IBM (282,100 employees). It is important to note that all of these
companies employ staff to manufacture physical goods or move them. However,
this does not apply to online services specifically social media networking,
ride exchanges, media, or financials, that makes the number of their staff
smaller by default.
According to Mercer’s Cost of Living Index, the most expensive city to live in for emigrants is Hong Kong, in the year 2022. Mercer rated more than 200 cities for this survey from all over the world. The survey focused on more than 200 number of items from categories such as food, housing, daily conveyance and entertainment. Hong Kong has been on the top of the list for couple of years but according to last year’s survey, first position was taken by Turkmenistan’s capital city Ashgabat. It was quite unusual that Ashgabat was on the top of list beating many financial centers and well-known businesses.
Employees are enjoying the ability to work from their own devices with ample workspace. They’re still meeting deadlines and are able to do so with fewer interruptions. They’re motivated and more satisfied in their current positions.
Employees at Apple are not happy with the company’s new work
policy, that requires them to return to the office three days a week starting
in early September. In opposition to the policy, the employees are demanding a
flexible approach, so that only those who want to work remote are allowed to do
so.
The employees wrote a letter to the company where they addressed their concerns, saying that some of their colleagues have already quitted due to the conversation around Apple’s new policy. “Without the inclusivity that flexibility brings, many of us feel we have to choose between either a combination of our families, our well-being, and being empowered to do our best work, or being a part of Apple,” the letter read.
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