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2 Asks Employees To Voluntarily Step Down A Month Following Layoffs Of Over 3,000 Employees continues to show the world why it is imperative to have a proper strategy in place when it comes to a shift in the structure of the business because this is not it! As previously reported by AfroTech, the mortgage company has recently been under fire after laying off thousands of employees in two rounds of layoffs with some not even aware that their positions had been cut until seeing their severance packages show up in their bank accounts. Fortune now reports that the startup company is asking for voluntary resignations as they continue to work to scale down within the organization. In a newly implemented voluntary separation program, existing employees are being asked to step down on their own. And if so, those based in the U.S within the corporate and product sectors will receive 60 days of both severance and health insurance. While it has not been noted how many employees will be eligible for the package, did announce in yet another email that “eligible...

Shanique Yates

Apr 7, 2022

Consumers Experience Smaller Packaging & Higher Prices Thanks To 'Shrinkflation'

You may have heard of inflation, but what about ‘shrinkflation’? If it’s not one thing it’s another. This time it’s a phenomenon called ‘shrinkflation’ where consumers pay the same price for less when it comes to buying goods. According to CBS News , this is not a new trick, this practice plays a role during periods of rising inflation or economic downturns. One of the results of the COVID-19 pandemic placed cost pressures on a number of industries along with their products thanks to various reasons which include difficulty in hiring workers, trucking shortages, and price increases for raw materials. “If you are a manufacturer or retailer, you have a couple of choices — you can keep prices the same, which means you have lower margins. Second, you can run fewer promotions, and that definitely happened in the last year,” said Anne-Marie Roerink, the founder of market research firm 210 Analytics. “And the third measure is to keep prices the same but have a little less in the box.”...

Shanique Yates

Jun 5, 2021