AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Morning Brew Daily
Why Companies Do Layoffs Before the Holidays & Disney's Board Battle
Dec 15, 2023
27:37
Snipd AI
Recent layoffs from Cruise, Hasbro, and Etsy discussed. Reasons behind layoffs before the holidays explored. Disney's board battle with activist investor Nelson Peltz highlighted. The rise of Luckin in China's coffee market and its competition with Starbucks examined. Carvana's stock surge and Argentina's economic measures analyzed.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Companies often announce layoffs before the holidays to clean up their books and minimize end-of-year bonuses.
- An activist investor is challenging Disney's board, arguing that it is too connected to CEO Bob Iger and detached from shareholder interests.
Deep dives
Job cuts in corporate America before the new year
The holiday season has seen a rough period for layoffs in corporate America, with companies like GM self-driving car subsidiary Cruise, Etsy, Spotify, Hasbro, and EY announcing steep job cuts. These layoffs are attributed to the tough economic environment and the need to reduce the workforce after the COVID boom years. Although it may seem cruel to lay off workers right before the holidays, companies often do so to clean up their books and balance sheets before showing their end-of-year numbers to shareholders. It is also a way to minimize end-of-year bonuses.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode