It’s summertime and you may want to relax, take it easy on the beach and mentally check out from work. Unfortunately, this is not the right time to power down. You need to take active, thoughtful control over your career or risk falling behind. With inflation over 9%, your paycheck and savings are devalued. It’s like a tax that never goes away. You don’t want to end up like the senior citizens who dutifully saved, put their money in the bank, earned less than 1% interest rates and helplessly watched their humble nest eggs erode by 9.1% inflation. Every day, they fall further behind.
Visualizing Major Layoffs At U.S. Corporations
Hiring freezes and layoffs are becoming more common in 2022, as U.S. businesses look to slash costs ahead of a possible recession. Understandably, this has a lot of people worried. In June 2022, Insight Global found that 78% of American workers fear they will lose their job in the next recession. Additionally, 56% said they aren’t financially prepared, and 54% said they would take a pay cut to avoid being laid off.
CEO’s Crying Selfie On LinkedIn After Firing Employees Divides Internet
The Chief Executive Officer (CEO) of a company has sparked a debate on the internet for the way he announced the firing of his employees on LinkedIn. Braden Wallake, the CEO of HyperSocial, posted a photo of himself crying while trying to explain why he had to fire some of his employees. In less than 14 hours, the post has received more than 13,000 likes and over 2,200 comments. Some users praised Wallake for sharing his story, but others were not happy with the way he announced the decision.
Crypto Criminals Laundered $540 Million By Using A Service Called RenBridge, New Report Shows
A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One particular cross-chain bridge called RenBridge has been used to launder at least $540 million in crime-related crypto cash since 2020, according to new research from blockchain analytics firm Elliptic.
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Mark Cuban: Buying Real Estate In The Metaverse Is ‘The Dumbest’ Idea Ever
Buying digital land in the metaverse may not be the best use of your money, according to billionaire investor Mark Cuban. Although Cuban is a well-documented cryptocurrency enthusiast, he called purchasing virtual real estate in the metaverse “the dumbest s— ever” in a recent interview on the Altcoin Daily YouTube channel.
The ‘Resignation Equation’: 5 Factors That Drive Employees To Quit
The term “Great Resignation” emerged in May 2021, after it became clear that record numbers of people were leaving their jobs during the pandemic. More than a year later the phenomenon shows no sign of stopping, and consultancy PwC says it can be explained by the “resignation equation.”
5 Golden Rules To Be Successful, According To The Nobel Prize Winners
Do you often wonder how you can be more successful? There isn’t any simple manual to follow, no guaranteed path to becoming an accomplished leader in your field. But we can learn from different experiences, pieces of wisdom, and personal strategies that have led to success and wealth for others. Follow them and they can serve as a sort of guide to achieving your goals and greater success in everything you pursue.
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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.