Happy And Succeeding In The Future Of Work
Laid-Off Googlers Are Left With Questions Over Why They Were Let Go
Google CEO Sundar Pichai is widely regarded as one of the most well-respected tech CEOs in Silicon Valley. In this rare instance, Pichai was called out over his handling of the layoffs of 12,000 Googlers. The CEO said in a companywide memo about the downsizing, “I take full responsibility for the decisions that led us here and over the past two years, we’ve seen periods of dramatic growth. To match and fuel that growth, we hired for a different economic reality than the one we face today.”
Lessons Learned In The Recent Wave Of Layoffs
How businesses have mishandled layoffs shows that companies are not your family and everyone is disposable at the whim of management. It’s a stark reminder that organizations and their executives prioritize shareholders. It sounds cold, but the investors are the ones who own a piece of the company. Without workers, the company folds too, but during tough economic straits with thousands of talented people looking for jobs simultaneously, it lessens the value of the individual job seeker.
Elizabeth Holmes Attempted to Flee the Country After Fraud Conviction, Prosecutors Claim
The disgraced Theranos founder has been sentenced to 11 years in prison after being convicted of conspiracy and fraud. Following her guilty verdict last year, Elizabeth Holmes reportedly tried to make a run for it and flee the country to Mexico, prosecutors allege in new court documents. The founder of failed blood-testing company Theranos was convicted in January 2022 on fraud and conspiracy charges after falsifying blood test results to deceive investors with unfounded claims about her company’s technology.
Feds Seize Almost $700 Million Of FTX Assets In Sam Bankman-Fried Criminal Case
Federal prosecutors seized nearly $700 million in cash and assets connected to Sam Bankman-Fried, primarily in the form of Robinhood shares that were owned by the FTX founder, a court filing revealed Friday. John Ray, who replaced Bankman-Fried as CEO to guide FTX’s restructuring, is trying to rescue funds that were lost by the crypto company’s depositors when the firm spiraled into bankruptcy in November. Bankman-Fried was arrested on criminal fraud charges in December and is released on a $250 million bond as he awaits trial.
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools
When Jeffrey Durante was laid off from a financial technology company in August, he hoped he could land a new job by November. But come mid-January, Mr. Durante was still searching for a product-manager job or related role. And he isn’t alone. Unemployed Americans across the U.S. are spending more time out of work as employers slow down hiring from a red-hot pace earlier in the pandemic. In December, 826,000 unemployed workers had been out of a job for about 3½ to 6 months, up from 526,000 in April 2022, according to the Labor Department. Earlier this month, the number of people seeking ongoing unemployment benefits, known as continuing claims, was 26% above half-century lows reached last spring.
Google Called On Cofounders Larry Page And Sergey Brin In ChatGPT Fightback After Issuing A ‘Code Red’, Report Says
Google owner Alphabet asked cofounders Larry Page and Sergey Brin for help after issuing a “code red” following the release of OpenAI’s writing tool, the New York Times reported. The release of ChatGPT on November 30 has sparked internal concerns over the continued dominance of Google’s search engine. CEO Sundar Pichai held meetings about Google’s artificial intelligence strategy in December and the company reportedly issued a “code red” after the AI bot rapidly gained traction.
Book Jack Kelly As Your Next Keynote/Guest Speaker
Contact us if you would like to book Jack Kelly for your next in-person or virtual corporate event, seminar or conference.
Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.