Happy And Succeeding In The Future Of Work
Elon Musk’s Twitter Layoffs Foreshadow More Tech Downsizings
Workers in the tech and startup sectors need to brace for escalating layoffs. The current economic conditions will cause tech companies of all sizes to reconsider their hiring policies to stay competitive and solvent. The era of artificially low-interest rates is over. Federal Reserve chair Jerome Powell seeks to significantly bring down the 40-year, record-level inflation rates to 2%. To achieve this goal, Powell said there will be a lot of “pain.” Jobs will be cut and hiring freezes will continue to be implemented. Workers will be closely monitored and put on performance improvement plans, as the low-end producers will be targeted for downsizing.
Meta Could Begin Large-Scale Layoffs This Week, Report Says
Facebook parent Meta could begin large-scale layoffs as soon as Wednesday, according to a report from the Wall Street Journal. The layoffs are expected to impact thousands of employees, the report said, and the move would mark the first major headcount reduction in Meta’s history. At the end of September, the company reported that it had more than 87,000 employees.
Hedge-Fund Giant Elliott Warns Looming Hyperinflation Could Lead To ‘Global Societal Collapse’
That’s executives at leading hedge-fund firm Elliott Management Corp. warning that the world is heading toward the worst financial crisis since World War II. In a letter sent to investors, and reportedly seen by the Financial Times, the Florida-headquartered firm told clients that it believes the global economy is in an “extremely challenging” situation that could lead to hyperinflation.
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U.S. Workers Have Wasted Millions Of Hours Applying To Jobs With The Wrong Salary
New York City is the latest city to require employers to list salary ranges on their job postings, joining states like Colorado and California, and cities like Cincinnati and Toledo, Ohio that have passed or enacted similar laws. However, the majority of states still haven’t risen to the occasion, and as the call for pay transparency continues, job seekers have started taking matters into their own hands by rejecting offers.
Tyson Foods CFO Arrested After Drunkenly Entering Random Woman’s Home And Sleeping In Her Bed, Police Say
The chief financial officer of Tyson Foods and son of the company’s chairman was arrested in Arkansas over the weekend after he entered a random woman’s home while intoxicated and fell asleep in her bed, according to police. John R. Tyson, 32, was found asleep at the home in the 400 block of North Mock Ave. in Fayetteville on Sunday at 2:05 a.m., according to the preliminary arrest report. Tyson’s headquarters is located in Springdale, about 10 miles northeast of Fayetteville.
Former MoviePass Executives Face Fraud Charges
MoviePass’s former CEO and the leader of its former parent company have been indicted on securities fraud charges for deceiving investors on the sustainability and profitability of the company’s movie-a-day subscription model, according to a Department of Justice release on Friday.
How To Use Pay Transparency To Negotiate A Better Salary
New laws are making it easier than ever to know how much a given job pays. Pay transparency legislation is gaining momentum in cities and states across the country, from New York City to California and Washington state. Being armed with information about the salary range for a position you’re interested in can be the starting point for having a successful negotiation about more than just pay, experts say.
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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.