Happy And Succeeding In The Future Of Work
The Case For No Massive Downsizings During A Recession
In the financial markets, you are admonished when saying, “This time is different.” Experienced Wall Street professionals and economists look to the past to plan for the future. Most often than not, history repeats itself—or at least rhymes. This time may be different. Over the last five decades, corporations heavily relied upon layoffs when times got rocky and there was a need to cut costs. There have been several downsizings recently; however, they’ve been concentrated in the tech and crypto spaces.
What You Need To Know About Hiring Freezes
When a company initiates a hiring freeze, it’s a better alternative to a layoff, but still doesn’t feel too good for the employees. Over the last year, coming out of the pandemic, there was a huge pent-up demand for workers. Companies desperately sought out candidates and aggressively hired. Sectors, such as tech, were adding staff throughout the virus outbreak, as business accelerated their pivot toward going from the physical world to online.
Inflation Rose 9.1% In June, Even More Than Expected, As Consumer Pressures Intensify
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of everyday goods and services related to the cost of living, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to November 1981.
Severe Recession Needed To Cool Inflation, Bank of America Analysts Say
The hottest inflation in four decades will force the Federal Reserve to take such extreme actions to tame prices that policymakers advertently drag the U.S. economy into a deep recession, according to Bank of America analysts.
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Two Prominent Crypto-Fund Managers Are on the Lam
In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up. The two traders, Su Zhu and Kyle Davies, are co-founders of Three Arrows Capital, the Singapore-based fund that had once boasted of having as much as $10 billion in assets — pretty much all of it in digital currencies, non-fungible tokens, and the like. The duo — who were both educated at Phillips Academy Andover and Columbia University and both worked for Credit Suisse — may be responsible for billions of dollars of losses the world over.
Why 60% Of Workers Felt Detached From Their Jobs Last Year
Worker stress is continuing to ramp up, and a new report shows that for the first time in decades, job satisfaction has become stagnant. According to Gallup’s annual State of the Global Workplace report, 60% of employees stated they felt detached from their jobs last year, indicating a dire need for a workplace policy upheaval.
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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.