Happy And Succeeding In The Future Of Work
Don’t Be The Last One Hired And First One Fired
There are times when you shouldn’t search for a job, or at least exercise extreme caution. The once-accommodating environment for switching jobs seems to be changing. A confluence of economic and geopolitical events is making it look like the job market may lose momentum and won’t be as active as it once was.
Archegos Founder Bill Hwang Hit With Criminal Charges
Archegos Capital Management founder Bill Hwang and Chief Financial Officer Patrick Halligan were arrested and charged with fraud in the latest fallout from the spectacular collapse of the family office. Federal prosecutors said Hwang used Archegos as an “instrument of market manipulation and fraud,” inflating its portfolio from $1.5 billion to $35 billion before it imploded and caused massive losses for banks, financial market investors and its own employees.
Credit Suisse Says U.S. Authorities Will ‘Absolutely Not’ Find Any Wrongdoing Amid Probe Into Russian Oligarch Record Shredding
Credit Suisse told CNBC on Wednesday that U.S. authorities will “absolutely not” find any evidence of wrongdoing as it faces a probe on its compliance with sanctions on Russian oligarchs. The Swiss bank is under investigation by the House Oversight Committee over allegations that it asked investors to “destroy and permanently erase” documents related to a portfolio of loans backed by yachts and private jets potentially owned by sanctioned Russian oligarchs.
How Elon Musk’s Takeover Of Twitter Could Impact Its 7,000-Plus Employees
The future is uncertain for Twitter employees after the board accepted a $44 billion offer from Tesla CEO Elon Musk to buy the popular social media platform and take it private on Monday. “Once the deal closes, we don’t know which direction the platform will go,” Twitter CEO Parag Agrawal told employees during a company-wide town hall meeting that was heard by Reuters.
Robinhood To Lay Off 9% Of Full-Time Employees
Robinhood CEO Vlad Tenev announced Tuesday that it was laying off 9% of its full-time employees. Earlier this year, Reuters reported that Robinhood had 3,400 employees, and though that did not specify full-time versus contract, it looks like this cut may affect some 300 people according to TechCrunch calculations.
‘Bossware Is Coming For Almost Every Worker’: The Software You Might Not Realize Is Watching You
When the job of a young east coast-based analyst – we’ll call him James – went remote with the pandemic, he didn’t envisage any problems. The company, a large US retailer for which he has been a salaried employee for more than half a decade, provided him with a laptop, and his home became his new office. Part of a team dealing with supply chain issues, the job was a busy one, but never had he been reprimanded for not working hard enough.
‘I Miss Remote Work Already’: Workers Are Back In Offices—And It’s Been Very, Very Awkward
Recently, Katherine, a consultant at an investment bank in New York, met a colleague for the first time. He went for a fist-bump four times in the same interaction.“He was like, ‘Hell yeah! That’s great, Katherine!’ Fist bump. ‘Yeah, I’ll see you later!” Fist bump. ‘Okay, I’m going to head out!’ Fist bump,” she said. “The fourth time, I looked up at him and was like, ‘Are you sure?’ and he just held it there.”
Recruiters Are Working Faster Than Ever To Land Candidates—5 Signs You Got A Job Offer Too Quickly
After more than a year of record turnover, recruiters are going to extreme lengths and working as fast as ever to scoop up candidates. But there is such a thing as getting a job offer too fast, recruiters say, and it can make the talent crunch even worse. One survey from the Muse found 72% of young job-seekers have felt a sense of surprise or regret that a new job wasn’t what they expected it to be, and roughly 60% say they would quit within six months if a new job didn’t live up to their expectations.
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 How To Get A Job In Tough Times, as well as the co-host of the Happy And Succeeding In The Future Of Work podcast.