Recent mass layoffs by Target and Amazon demonstrate how shifting layoff tactics are reshaping workplace culture in the U.S., The Wall Street Journal reports. Large corporations are moving away from intimate, one-on-one discussions and instead are notifying staff en masse through emails and audio-only group calls in an effort to streamline operations, thwart disruptions, and limit "communal emoting." However, many workers lament the loss of personalized, human-delivered dismissals, saying the new methods lack empathy and sensitivity.
Riding the stock market upswing is paying off for retirement account holders, as average 401(k) and IRA balances hit fresh highs in the third quarter, based on new Fidelity data. The biggest cohort of new 401(k) millionaires? Millennials, who now make up 3.7%, doubled in the span of a year. On the flip side, The Wall Street Journal warns that many job switchers, especially younger workers, are forgetting about smaller 401(k)s or abandoning them. Over the course of decades-long careers, that could mean billions left on the table.
U.S. Department of Transportation Secretary Sean Duffy this week outlined a new civility program for air travel, citing a 400% increase in in-flight outbursts since 2019, and in 2024, there were 2x the number of unruly passenger events compared with 2019, according to FAA stats. Duffy's announcement asked flyers to consider whether they dressed with respect, helped pregnant or elderly passengers with their baggage, and if they said please and thank you to flight attendants, and in general. How does this apply to corporate travelers and travel management? Are business travelers better behaved? Or might some be the problem? BTN wants to hear your feedback.
The rise of artificial intelligence in recruitment is causing headaches for both job seekers and employers, Fortune reports. Job candidates are having to wade through harsher AI screening processes and fake job postings while recruiters juggle larger application volumes driven by AI-assisted tools. A new report shows that trust in hiring is plummeting drastically, with 42% blaming AI directly for their disillusionment. Fortune notes that the rapid adoption of AI tools is leading to overwhelm, burnout, and a crisis of human authenticity in hiring.
New Mexico is the first state to offer universal child care, a bid to attract skilled workers and improve its current education levels. Under the revamped program, all residents — regardless of income — are eligible for no-cost care for children starting at six weeks old, so long as their guardian is employed or in school. Families will save an average of $16,000 annually, according to the state. The Wall Street Journal says the biggest obstacle may be ensuring there are enough facilities and staff to meet demand.