Working nine-to-five? That's no longer the norm for a majority of people
About a third of the global workforce worked more than 48 hours and about a fifth worked less than 35 hours in 2019, per Bloomberg.
“There is a substantial amount of evidence that work–life balance policies provide significant benefits to enterprises, supporting the argument that such policies are a ‘win-win’ for both employers and employees," per ILO.
Meanwhile, numerous layoffs were made.
For example, Salesforce, a company with 80,000 employees per the regulatory filing, plans to fire 10% of its workforce and completely restructure its company by 2024. This comes after the company almost tripled its workforce in the span of four years.
The downsizing will come at an initial cost for the company as the report says that reductions could result in a $1.4-$2.1 billion cost for Salesforce. Up to $1 billion of this cost could come from the company's Q4, with CEO Mark Benioff sending a letter to employees regarding how there was a change in the environment regarding customers.