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A jump in the workforce and easing wage growth suggests the U.S. job market is starting to move the way the Federal Reserve has hoped it will, to bring the supply and demand for workers into better balance and help in its battle against inflation.
After a year in which many basic metrics of the jobs market stalled at levels the U.S. central bank feels are inconsistent with stable prices, employment data for December published on Friday brought a hint of relief. READ MORE
The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under control.
Their campaign to manage prices may be working — but potentially at a sizable cost in 2023. READ MORE
Tesla CEO and Chief Twit Elon Musk has become the first person ever to lose $200 billion from his net worth, according to a Bloomberg report.
Musk, 51, previously became the second person ever to amass a fortune of more than $200 billion in January 2021, after Amazon founder Jeff Bezos. Musk has now seen his wealth drop to $137 billion following a recent drop in Tesla shares. READ MORE
Remember January 2022? Ah, those were the days. The venture-backed startup world was revving up for another record-breaking year, raising huge rounds and paving the way to successful IPOs. But then caution flags began flying, venture capitalists pulled back, layoffs mounted, and lucrative exits became few and far between. Follow along with the Crunchbase News team as we track the major events of a year full of hairpin turns. READ MORE
Over the past year, more and more tech workers have seen perks pulled as companies try to ride out a tough market and potential recession. READ MORE
As employers continue to search for ways to hang onto their talent amid the “Great Resignation,” new research suggests that seasonal gifts could be one tool to help enhance retention–although few organizations are maximizing the full potential of gift programs. READ MORE
Remote work. Competitive salaries. A streamlined hiring process. They’re all perks being offered to prospective tech workers from an unlikely employer: the US government. READ MORE
Imagine you want to build a house.
You’ve identified exactly what the house should look like: how many rooms, the color of the paint, the layout and all the finishings. You worked with an architect to draft the plans. You hired a builder with a general contractor to break ground and build the structure. You identified an interior designer to put the finishing touches on the home. And finally, after several months and many dollars later, you move into your new home. It’s exactly what you wanted, and the new home meets your family’s needs. READ MORE
A former U.S. prosecutor compared the FTX scandal to one of the worst frauds in history after at least $1 billion in client money vanished.
"This FTX fraud is going to make Enron look like peanuts," Guy Lewis said on FOX Business' "Mornings with Maria" Thursday.
Lewis also predicted that when all is said and done, FTX is going to be exposed as a criminal enterprise. READ MORE
Marissa Peterson quit her job as a bartender in Durham, North Carolina, in June, after she was sexually assaulted by a customer and felt management didn’t do enough to keep her assailant from returning to the establishment.
Her decision, Peterson said, was informed by time she spent at home during the pandemic, after being laid off from another job. Extended pandemic unemployment insurance gave her, for the first time in her adult life, space from work and time to consider her relationship with it. READ MORE
I’ve worked in the fields of resilience, performance psychology and leadership science for over 20 years. In that time, my team and I have heard leaders ask one question over and over again. It’s one you’ve probably asked yourself, in fact: “Why can’t we get our people to adapt, innovate and/or perform better?”
In other words, “Why isn’t my performance management system working, and what can I do about it?” READ MORE
For companies, practicing good performance management leaves an open-door policy that can strengthen the relationship and communication between both employees and managers. Using tactics like having open dialogues with each other to giving and receiving constructive criticism are just a couple of important ingredients that help not only make the process simple but build trust between both parties. READ MORE
Employee performance reviews are a crucial part of employee experience, and some performance review approaches are a better fit for a particular company than others. HR leaders should learn about and evaluate performance review approaches so they can decide which works best, whether for a particular employee group or the entire company. READ MORE
Optimism among CFOs about their own companies dropped for a third consecutive quarter, marking the lowest it’s been since midway through 2020, according to a survey released Wednesday morning. READ MORE
Over the last three years, managers have taken on incredible loads: from the emotional strains of the pandemic to the challenges of social unrest to the fear and difficulties of returning to the office. And now, here they are, watching their colleagues and employees get laid off, knowing they will have to pick up the pieces of what is left behind.
Is it any wonder that managers are less engaged and effective READ MORE
As investors wrap up one of the most challenging years on record, signs of life in the M&A market suggest risk appetite might be increasing as we approach the new year.
U.S. investors were met with at least $40 billion worth of deals ahead of the open Monday, led by Amgen’s acquisition of Horizon Therapeutics, Microsoft’s new stake in the London Stock Exchange Group, Coupa Software’s sale to Thoma Bravo, and a move by Weber to go private. READ MORE
American workers aren't getting nearly as much done this year as they used to.
U.S. labor productivity plunged first quarter in the largest decline since 1947, then dropped by the highest annual amount on record in the second according to the Bureau of Labor Statics. The third quarter data indicates year-over-year output saw three consecutive declines for the first time since 1982. READ MORE
American work culture is having an identity crisis. Are we a #riseandgrind people or are we #QuietQuitting? Are we, as Elon Musk and Sam Bankman-Fried have modeled, going so “extremely hardcore” that we’re willing to sleep at the office? Or are we evolving, recognizing the toxicity of hustle culture and finally setting boundaries? READ MORE
While the potential risks of a coming economic downturn are “very high,” factors such as the strong labor market and loosening pressure on supply chains could see the U.S. economy narrowly missing a recession, Julia Coronado, president and founder of economic research firm MacroPolicy Perspectives said during a panel discussion Tuesday. READ MORE
U.S. government scientists at a California laboratory have reportedly made a monumental breakthrough in harnessing the power of fusion energy.
The scientists, working at Lawrence Livermore National Laboratory, recently achieved a net energy gain in a fusion reaction, the Financial Times reported, citing three people with knowledge of the experiment. READ MORE