Happy And Succeeding In The Future Of Work
Some Employers May Be Using Layoffs As A Screen
Under the guise of the corporate layoffs trend, some organizations are downsizing poor performers, malcontents, time-wasters, toxic rumormongers and troublemakers, vanity hires, highly paid professionals and those fighting against returning to the office. In today’s litigious society, laying off workers could end badly for companies. The terminated employees may file claims with the United States Department of Labor asserting that they were let go due to discrimination or biases over race, religion, sexual orientation or age. It could become a public relations nightmare, as the company, its executives and managers would be pilloried on social media and risk losing their jobs for being perceived as racist, ageist or sexist.
Social Media Was a C.E.O.’s Bullhorn, and How He Lured Women
Kacie Margis, a model and artist, first learned about Dan Price in 2020 the way many people do: through social media posts that celebrated his progressive politics. Five years earlier, Mr. Price had propelled himself to an unlikely position for the head of a 110-person payment processing company when he told his employees that he was raising their minimum pay to $70,000. His announcement was covered by The New York Times and NBC News. Esquire did a photo shoot. He made appearances on “The Daily Show” and at the Aspen Ideas Festival.
Instead Of Crying Crocodile Tears, CEOs Must Do These Things To Avoid Mass Layoffs
Last week, Braden Wallake, CEO of HyperSocial, a small marketing start-up, posted a picture of himself crying on LinkedIn, in response to having to downsize staff. Wallake wrote, “We just had to layoff a few of our employees.” He took full responsibility for his company’s downturn, “I’ve seen a lot of layoffs over the last few weeks on LinkedIn. Most of those are due to the economy, or whatever other reason. Ours? My fault. I made a decision in February and stuck with that decision for far too long.”
Meta Just Keeps Giving Us More Reasons To Scoff At Its Metaverse
The internet loves to poke fun at Mark Zuckerberg, but there’s something about metaverse jabs that just hit different. Take, for example, the recent European rollout of Horizon Worlds, Meta’s sandbox-like VR platform where Quest users are meant to congregate, consume, and live out their verdant Second Life fantasies. What was meant to be a momentous occasion marking the expansion of our alleged VR future turned into a free-for-all roast of Zuckerberg’s announcement selfie.
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Layoffs Are Being Planned At More Than Half Of U.S. Companies, Survey Suggests
If your organization isn’t letting people go, the one next door probably is. That’s a key finding from a survey released Thursday by consultant PwC, which last month polled more than 700 U.S. executives and board members across a range of industries. Half of respondents said they’re reducing headcount or plan to, and 52 per cent have implemented hiring freezes. More than four in 10 are rescinding job offers, and a similar amount are reducing or eliminating the sign-on bonuses that had become common to attract talent in a tight job market.
Apple Lays Off 100 Recruiters—This Is An Ominous Harbinger Of What’s Coming Next
In the past week, Apple has downsized about 100 contract recruiters. There is one main reason for laying off that many recruiters, and it’s usually because the company doesn’t have plans to hire new personnel. Traditionally, large firms, like Apple, bring on contract recruiters since there is an overwhelming need to hire, especially when it’s a hot job market. It’s also an ominous sign that Apple’s outlook on the economy has darkened, and now’s the time to reign in costs prudently. Now that things are cooling down, there is no need for these contract recruiters.
What To Do If You Work For A Narcissistic Boss
Have you ever started a job and had a weird feeling about your new boss? They seemed polite, considerate and caring during the interview process. The manager made exciting promises about career growth within the organization. They confided in you that they were on a fast track to becoming a top executive and would take you along for the ride. Over time, you’ve noticed a change. The supervisor has a darker side: a highly inflated ego, an inflated sense of entitlement and a glaring lack of empathy for their team.
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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.