Happy And Succeeding In The Future Of Work
Our Weekly Roundup
Companies Can Do Better Than Laying Off Loyal Workers
In an economic downturn, companies should view layoffs as a last resort rather than the go-to, quick-fix solution. With record-high inflation, high-interest rates and escalating costs of goods and services, business leaders typically opt for a headcount reduction right out of the gate. It becomes socially acceptable to downsize people in a cost-cutting measure because many other companies from various industries are doing it too.
JPMorgan Claims Entrepreneur Charlie Javice Duped Bank Into Buying $175M Startup
JPMorgan Chase claims it was duped by a 30-year-old entrepreneur who lied about the number of college kids who were using Frank — a financial-planning site that the mega-bank bought for $175 million. JPMorgan Chase alleges that Charlie Javice, who was featured on the Forbes “30 under 30” list in finance for 2019, led the bank to believe that Frank “was a business deeply engaged with the college-aged market segment with 4.265 million customers,” according to a lawsuit filed on Dec. 22, read.
White-Collar Job Cuts Call For Workers To Make Themselves Indispensable
In the new austerity era, white-collar workers will bear the brunt of layoffs. After years of halcyon times, it’s time for office workers to be circumspect and hold onto their jobs. The days of quiet quitting, acting your wage and joining the Great Resignation are over. Now, you need to make yourself indispensable.
How To Effectively Announce Your Layoff On LinkedIn
Amidst the continual stream of corporate layoffs, the impacted workers are turning to LinkedIn, Twitter, Facebook and other social media platforms to announce they have been downsized. The number of “#opentowork” posts on LinkedIn increased more than 20% during November compared to the same period last year. The social media platform also said it saw growth in the number of people adding connections, which is a sign that people are attempting to build their network.
‘Rage Applying’ To Jobs Is The Newest TikTok Trend
Feeling overlooked, unappreciated, passed over for a promotion and unfairly compensated has inspired a new career trend on TikTok. “Rage applying” to jobs is being touted on the social media platform as a great way to get even with your mean boss by aggressively shotgunning your rèsumè to several companies to find a new job and hefty pay increase quickly.
The Workers Who Escaped Layoffs Are Burdened With More Work And Face Fear And Anxiety
The workers who luckily avoided being laid off in 2022 and the first week of the new year face serious issues. Although their fate might be more favorable than those given the ax, the remaining employees won’t have it easy. They’ll confront a work environment much like Chinese water torture—the century-old practice of dripping water inconsistently on the forehead of the victim, slowly driving them mad as they don’t know when it will ever end.
Crypto Firms Genesis And Gemini Charged By SEC With Selling Unregistered Securities
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors. Gemini, a crypto exchange, and Genesis, a crypto lender, partnered in February 2021 on a Gemini product called Earn, which touted yields of up to 8% for customers.
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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.