March 2023 marked a significant increase in planned layoffs across industries, with a staggering 90,000 jobs cut, marking a 396% increase from the previous year, as reported by outplacement firm ...
The technology industry is renowned for its rapid pace of change, and this is no less true when it comes to employment. The recent trend of mass layoffs in the US technology industry is a case in ...
Employers across the nation are promoting safety protocols by requiring employees to be vaccinated against COVID-19 in order to work in-person, or risk severe consequences of their employment. ...
Lockheed Martin had already begun cutting benefits before the Coronavirus took its toll on the world economy. According to Barron’s, “Lockheed Martin (LMT) finished freezing its defined-benefit ...
As a recruiter, I’m often asked about benefit packages offered by certain companies. Over the last year many Fortune 500 companies have made substantive changes to employees’ benefits with most of ...
In order to cut costs, Lockheed Martin made the decision to freeze its pension plan back in 2016, and recently offloaded $4.9 billion in pension liabilities to Athene Annuity and Life Co., per ...