Federal Reserve Chair Jerome Powell sternly reiterated his plan to battle inflation, warning last week that there won’t be a “soft landing” for the United States economy. Powell and the Fed’s decisions to repeatedly raise interest rates to tame inflation have drawn criticism from longtime market observers, including Fordham University Gabelli Business School professor James Lothian and Wharton professor Jeremy Siegel, who have seen decades of booms and busts. They and other economists have said the Fed’s policies will result in a recession and substantial job losses.
Green Flags In An Interview That Signal You’ll Get The Job Offer
Job hunters are all too familiar with red flags during the interview process, warning them to run away. It doesn’t happen too often, but once in a while, you can catch a break and find a wave of green flags, indicating that this will be the right fit. Here are green flags that you’re doing well, the interviewer is vibing with you and all signs point to a job offer.
Goldman Sachs’ Bankers Get Their Marching Orders As Wall Street Starts To Purge Under-Performers
Roughly a dozen investment bankers said their farewells to Goldman Sachs on Friday. Senior associates and vice presidents in Goldman’s tech, media, and telecommunications team were handed pink slips in a further sign of strain on a Wall Street apparatus that is hamstrung by depressed dealflow, and suffering from a slowing economy and stubbornly high inflation.
“The Party Is Over”: How Meta And Google Are Using Recession Fears To Clean House
For nearly two decades, top-tier tech companies like Google and Facebook (now Meta) were known for their rapid hiring, luxurious perks, and corporate cultures of abundance. But now, as rising inflation, the war in Ukraine, and other macroeconomic factors have caused marketers to slash their advertising budgets, Big Tech’s work culture is changing. In recent months, Google and Meta have drastically slowed down hiring, cut back on perks like employee travel and laundry service, and begun reorganizing departments.
Remote Workers Are Increasingly Surveilled, As Manager Paranoia Surges
Critics call it bossware. Technology used to surveil workers, already widely adopted in lower-wage industries, is growing popular in the white-collar world — managers track keystrokes, mouse clicks and even take screenshots of monitors.
This Italian Island Will Pay You 15,000 Euros To Move There — Here Are The Requirements
If you’ve ever considered picking up and moving to an island, now might be the time to do it. The Italian island of Sardinia will pay you 15,000 euros, or $14,767.88, to move there. Why? Depopulation. Since so many young people are moving abroad for work, the government wants to get people to the island.
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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.