Downsizing is a common corporate response to financial hardship, but recent research from 2010-15 suggests downsizing could actually double the likelihood of bankruptcy. Negative consequences of layoffs include less innovation, lower employee morale, increased stress and decreased customer satisfaction.
Companies that are attracting traffic to their websites but having trouble converting visitors into buyers by creating useful custom tools or allowing for customer reviews of products and services, writes Parker Davis. Personalized marketing and a virtual receptionist that can answer questions during all hours of the night and day can also help drive online sales, Davis writes.
Positive stress energizes workers, but harmful stress damages health and causes burnout, INSEAD researchers write. They have created a simple protocol, the Stress-APGAR barometer, to help managers determine whether an employee is suffering from negative stress.
Congress is working to complete a $1.1 trillion weeklong stopgap spending measure that would postpone a government shutdown long enough to pass a spending bill that will last until Sept. 30. "This decision brings us closer to a bipartisan agreement to fund the government and is good news for the American people," says Senate Minority Leader Chuck Schumer, D-N.Y.
Nearly 75% of Americans believe the US investigation into Russia's election interference should be conducted by an independent, nonpartisan commission, according to a poll from NBC News and The Wall Street Journal. More than 60% of those polled said they have little to no confidence that Congress is capable of conducting an impartial investigation into the Russian investigation.
Microsoft co-founder Paul Allen will donate $30 million to Mercy Housing Northwest in Seattle for a new program to house several hundred homeless people and assist thousands of others. The initiative aims to create a "supportive housing and onsite services community that will serve as a resource hub," the Paul G. Allen Family Foundation said in an announcement.
Star of the upcoming "Love After Love," Andie MacDowell says the film provided a unique opportunity to explore a complex female role on the big screen written for an older woman. MacDowell also talked about her desire for reporters to stop asking women about turning 40. "I hope that by the time my girls turn 40, nobody's going to ask them the questions they asked me, because I don't want people to project on them anything different than they would on a man when they turn 40," she said.
Despite a drop in overall ticket sales after the Easter holiday weekend, Broadway shows with female-led productions have drawn impressive numbers, writes Jeremy Gerard. "Hello, Dolly!" starring Bette Midler brought in $1.45 million in ticket sales, Glenn Close's revival of "Sunset Boulevard" hit $1.19 million, Sara Bareilles' starring role in the stage adaptation of "Waitress" commanded $1.3 million and "War Paint," starring Patti LuPone and Christine Ebersole also brought in over $1 million in sales.
The idea for Airbnb initially received a chilly reception from investors, says Leigh Gallagher, author of "The Airbnb Story: How Three Ordinary Guys Disrupted an Industry, Made Billions … and Created Plenty of Controversy." Two key points in the company's history were when the founders rented out their own apartment to make extra money and when they were accepted into Y Combinator, she says.
- Page 1