The tech industry is reeling from a seemingly nonstop parade of layoffs across Silicon Valley and beyond.
And we're not talking small numbers either. READ MORE
Too many companies botch mass layoffs. Here’s how they should approach them
You commute to the office only to find your security badge no longer works.
You log on to your work computer and are denied access.
A pre-dawn email arrives that you miss — especially if it’s sent ahead of a major holiday.
A dispassionate Zoom call is held with hundreds of people.
You get an automated call.
Or — surprise! — you get a severance payment for the job you thought you still had. READ MORE
'Shark Tank' star Kevin O'Leary trashes blue states for punishing success: 'Heyday years' over
Mr. Wonderful has his finger on the pulse of small business innovation — and is claiming that states like New York, Massachusetts and California no longer do.
Millionaire entrepreneur and television personality Kevin O’Leary called out Sen. Elizabeth Warren, D-Mass., by name Friday on "Varney & Co.," as well as other anti-business leaders, for punishing American success. READ MORE
'Slashers' Are on the Rise. Employers Are Taking Advantage
"Slashing," or engaging in several vocations simultaneously, is not a new phenomenon. Employees have long pursued side hustles and interests outside their 9-to-5 routine, making names for themselves as writers/musicians, bankers/freelance designers, and coders/photographers. But slash careers are on the rise. According to a recent survey from software company Zapier, 40 percent of Americans dabbled in a side hustle in 2022, compared to 34 percent in December 2020. That's a boon to employers. READ MORE
How Big Tech’s pandemic bubble burst
In January 2021, Microsoft CEO Satya Nadella spoke in lofty terms about how the first year of the pandemic had sparked a staggering shift toward online services, benefiting his company in the process. “What we have witnessed over the past year is the dawn of a second wave of digital transformation sweeping every company and every industry,” he said. READ MORE
Mega-publisher Dotdash Meredith cuts 7% of its workforce
Dotdash Meredith, the publisher that houses well-known brands such as People, Better Homes & Gardens, InStyle, Travel + Leisure, and others, will lay off 7% of its staff, the company’s chief executive said Thursday.
It’s the latest example in a brutal wave of layoffs that have consumed the media and technology industries. READ MORE
Google Calls in Help From Larry Page and Sergey Brin for A.I. Fight
Last month, Larry Page and Sergey Brin, Google’s founders, held several meetings with company executives. The topic: a rival’s new chatbot, a clever A.I. product that looked as if it could be the first notable threat in decades to Google’s $149 billion search business. READ MORE
The Rewards of Hiring Freelancers Far Outweigh the Manageable Risks of Misclassification
Whether or not the global economy sinks into recession in 2023, employers are acting like it will. News of hiring freezes, double-digit layoffs in tech and mediaOpen in a new tab and daily recession mongering suggest two things are coming: the need to position companies to be agile amid the uncertainty; and the opportunity to engage some of the best talent available. READ MORE
Managers, Stop Distracting Your Employees
It’s no secret companies spy on their staff.
A recent New York Times article stated that eight of the 10 largest American companies surveil their employees with tracking software. According to The Washington Post, global demand for employee monitoring tools increased by 65% from 2019 to 2022. READ MORE
Layoffs signal labor market recalibration
Recent layoffs may signal a recalibration of the U.S. labor market.
Microsoft confirmed Wednesday it would lay off 10,000 workers, which it said in an SEC filing were "in response to macroeconomic conditions and changing customer priorities."
E-commerce giant Amazon also started slashing its headcount by 18,000 on Wednesday. In a Jan. 4 blog post about the layoffs, CEO Andy Jassy pointed to the "uncertain economy" as well as the company having "hired rapidly over the last several years." READ MORE
Disney can imagine a magic kingdom but can't figure out innovative hybrid and remote work
Disney, Apple, Google, and other companies mandating that employees work in the office for most or all of their time claim that any time spent working remotely stifles innovation. According to Apple CEO Tim Cook, "Innovation isn’t always a planned activity. It’s bumping into each other over the course of the day and advancing an idea that you just had. And you really need to be together to do that." READ MORE
JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants
JPMorgan Chase is betting that landlords and tenants are finally ready to ditch paper checks and embrace digital payments.
The bank is piloting a platform it created for property owners and managers that automates the invoicing and receipt of online rent payments, according to Sam Yen, chief innovation officer of JPMorgan’s commercial banking division. READ MORE
US Chamber CEO says businesses are 'fed up' with Washington
U.S. Chamber of Commerce CEO Suzanne Clark delivered an address at the State of American Business 2023 forum in which she criticized the federal government for being ineffective and hampering private sector success through excessive regulation. READ MORE
The 8 ‘rarest’ types of employees—they ‘simply outperform everyone else,’
Your strengths are the foundation of your brand, and owning them is the key to making a mark in your professional life.
As a career and branding expert who has consulted CEOs and big companies like Google and Microsoft, I help people discover what differentiates them from their competitors. READ MORE
What to expect at work this year
The pandemic has transformed work over the past three years in ways few expected. It normalized remote work, created a shortage of critical workers and drove home to organizations that employees’ mental health and need for a sane work-life balance are critical to retention and engagement.
So what does 2023 likely hold for you at your job, regardless of your industry? READ MORE
Auto sales are falling — but profits are surging. Welcome to the new normal
The US auto industry just posted its worst sales in more than a decade — but that’s not necessarily a bad sign for the sector.
What’s happening: 2022 was the worst year in more than a decade for the auto industry, largely because manufacturers couldn’t keep up with consumer demand. READ MORE
Elon Musk’s Tesla hype machine breaks down
For years, Elon Musk paid zero dollars for traditional advertising while almost singlehandedly keeping Tesla — and himself — front and center. With a never-ending stream of tweets, television and podcast appearances and livestreamed product events, the electric-vehicle maker and its billionaire CEO dominated news cycles and occasionally went viral.
Musk was a veritable hype machine, and his knack for breaking through meant that when Tesla managed to execute, its valuation soared to a stratosphere no automaker had ever come close to reaching. READ MORE
LinkedIn is having a moment thanks to a wave of layoffs
In a normal year at this time, a typical LinkedIn feed might be full of posts about year-end reflections on leadership and professional goals and suggested lifehacks for the year ahead — possibly with a few posts from CMOs offering tips on brand strategy, for good measure.
Those posts are still there. But mixed in are many others about job hunts, offers of support for laid off friends and colleagues, and advice for coping with career hurdles in an uncertain economic environment. READ MORE
Concerns over a 'white collar recession' grow
Concerns about a "white collar recession" grew Tuesday after Goldman Sachs began to lay off workers as part of a plan to cut 3,200 jobs in an effort to cut costs.
Goldman Sachs is just the latest firm to reduce its size in recent months. Morgan Stanley announced that it would cut two percent of its staff in December, Amazon plans to cut over 18,000 jobs, and Salesforce announced it would cut ten percent of its workforce and close some offices last week. READ MORE
JP Morgan CEO Jamie Dimon reveals his economic outlook
Despite the current uncertain economic environment, JPMorgan Chase CEO Jamie Dimon is still optimistic about the American consumer.
"The consumer is still strong," he told FOX Business' Maria Bartiromo on Tuesday in an interview on "Mornings with Maria." "Their balance sheets are in good shape. They’re spending 10% more than pre-COVID. They have more in their checking account companies that are in good shape, and that’s driving a strong economy." READ MORE