Happy And Succeeding In The Future Of Work
Here’s How To Avoid Getting Laid Off
Layoffs, hiring freezes and rescinded offers are happening in the tech and crypto spaces. This will likely spread to other sectors too. Workers and job hunters are getting concerned. They see the proliferation of #OpentoWork banners on LinkedIn profiles—not seen at this level since the beginning of the pandemic—accompanied by pleas for people to help them find a new job. A number of spreadsheets with the names, emails and job titles of people who’ve been let go have been circulating online, so that recruiters and companies can reach out to them with job leads.
How To Start A Job Search During Challenging Times
If you’ve been one of the thousands of people laid off in the recent downsizings or are just concerned about the safety of your position, you’ve likely started thinking about commencing a job search. When the economy, stock and cryptocurrency markets are being battered and there’s fear over a recession, the impact of runaway inflation and possible stagflation, it makes the job search significantly harder. Companies start cutting costs, which contributes to additional layoffs and hiring freezes. You’ll enter a tougher job market, competing against a lot of other people. Compared to your co-workers and friends who happily found jobs a few months ago in the Great Resignation, now you will find it won’t be as easy. To prepare for a search during challenging times, you need to have a solid game plan.
From Great Resignation To Forced Resignation: Tech Companies Are Shifting To Layoffs After A Huge Ramp Up In Hiring
The Great Resignation is pivoting to a Forced Resignation. Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring, highlight the abrupt shift in fortunes over the past several months as a result of rampant inflation, fear of stagflation and recession, supply-chain interruptions, the war in Ukraine, an ailing stock market and other red-alert economic factors.
Crypto Giant Kraken Offers 4 Months’ Pay For Employees Who Don’t Agree With Its Libertarian Principles To Leave
Kraken, one of the world’s largest cryptocurrency exchanges, will pay employees four months’ worth of wages to leave if they disagree with its values, according to the New York Times. In a Wednesday report detailing internal cultural turmoil at the company, the publication cited interviews with Kraken employees who recounted “hurtful” comments around preferred pronouns and demeaning statements toward women, among other incendiary remarks, made by CEO Jesse Powell.
Employees Push Back Against Wellness Programs Requiring They Get Medical Checks Or Pay Fees
Like many large employers, Yale University gave its clerical, food service and maintenance workers a choice: Get a routine health check or pay a $25 weekly fee. But workers alleged in a federal lawsuit the university’s participate-or-pay employee wellness program violated two federal laws. In a preliminary settlement approved Tuesday by U.S. District Court in Connecticut, the university agreed to pay nearly $1.3 million to workers and attorneys and won’t assess the $25 weekly fee for four years, or until federal law or regulations change to allow such a program.
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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.