Aug 23, 2026
Layoffs Are Being Rebranded as a Turnaround | Paper Cut
Diageo, Starbucks, Sanofi and KPMG all cut jobs this week, three of them calling it a turnaround and one unable to even manage the euphemism. UK productivity is finally moving, Dutch unemployment is rising for a third straight month, and a new peer-reviewed study of 7,704 healthcare workers found fully remote staff happier and less likely to quit than colleagues back at their desks. Plus: new research on what handing your thinking to AI is quietly costing, and why "career cushioning" is booming.
This week on Paper Cut:
- The layoffs everyone's calling a turnaround, except the one that can't
- UK productivity vs Dutch unemployment: two true numbers pulling apart
- The 7,704-person study undercutting a year of return-to-office mandates
- AI's hidden cost, and why workers are quietly building their own safety nets
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