Amazon, Twitter and Others Tap Brakes on Hiring

The video discusses the current trends in the labor market, highlighting how companies like Amazon are responding with hiring freezes and workforce reductions. It explores various strategies for reducing staff, such as attrition and performance reviews, and examines the concept of stealth layoffs. The impact of transparency laws on job postings is also covered. Additionally, the video addresses changes in severance packages, noting that while executives may still receive generous packages, middle managers and rank-and-file workers are likely to see reductions.

What is one method companies are using to reduce their workforce without layoffs?

• Hiring more interns

• Increasing salaries

• Voluntary retirements

• Expanding office spaces

Which company is mentioned as using performance reviews to manage workforce reductions?

• Lyft

• Twitter

• Goldman Sachs

• Amazon

What term is used to describe layoffs that are not publicly announced?

• Secret layoffs

• Hidden layoffs

• Stealth layoffs

• Silent layoffs

How are severance packages for middle managers expected to change?

• They will remain the same

• They will become more generous

• They will be eliminated

• They will be reduced

Who is likely to receive a 'golden parachute' in the event of a layoff?

• Entry-level employees

• Interns

• CEOs

• Middle managers