Happy And Succeeding In The Future Of Work
TikTok Is One Of The Few Tech Companies Aggressively Hiring—Could Regulatory Scrutiny Impede Its U.S. Presence?
While Big Tech is shedding jobs, TikTok CEO Shou Zi Chew said his company is aggressively hiring in the United States. The social media company will add around 3,000 software engineers to its current headcount of more than 1,000 developers based in Mountain View, California, according to the Wall Street Journal.
ByteDance, the parent company of the Chinese-owned, fast-growing, short-form video platform, is stealing the thunder and market share from Meta and other U.S. tech companies. As Meta, Twitter, Amazon, Google, Lyft, Stripe and others enact layoffs, hiring freezes, job offer rescissions and stack-ranking programs to scale down the workforce, there are thousands of highly skilled, white-collar professionals on the market—ripe for being recruited.
Alphabet Seeks To Cut 10,000 Poor-Performing Googlers
Even Google isn’t immune to the severe downturn in the tech sector. Although more than 135,000 white-collar professionals in the tech and startup space have been downsized year to date, the giant search engine has avoided this trend. However, due to pressure from an activist hedge fund, adverse market conditions and a need to cut costs, Google plans to ease out 10,000 employees through a type of stack ranking and performance improvement plan. If employees are rated as poor performers, they’ll be shown the door. Additionally, the new performance system could use the ratings to avoid paying bonuses and stock grants.
Theranos Founder Elizabeth Holmes Sentenced To More Than 11 Years In Prison
Theranos founder Elizabeth Holmes was sentenced Friday to more than 11 years in prison for fraud after deceiving investors about the purported efficacy of her company’s blood-testing technology. She was ordered to surrender on April 27.
Disney Blindsided Chapek With CEO Decision After Reaching Out To Iger On Friday
Disney chose to rehire Bob Iger as chief executive after receiving internal complaints from senior leadership that Bob Chapek was not fit for the job, according to people familiar with the matter. The executive change came together quickly, blindsiding Chapek and his closest allies. Disney’s board reached out to Iger on Friday, without any other serious candidates in mind to replace Chapek as CEO, CNBC’s David Faber reported Monday, citing sources.
Just 60% Of NYC Job Listings Include Salary Ranges—Here’s Who’s Complying And Who’s Not
The rollout of New York City’s salary transparency law on Nov. 1 was kind of a disaster: During its first few days, New Yorkers called companies out for posting $2 million pay ranges, deleting posts and advertising six-figure bands that tested the law’s requirement to post “good faith salary ranges.”
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Elizabeth Holmes And Sam Bankman-Fried: How Wunderkinds Go Wild
Elizabeth Holmes and Sam Bankman-Fried are two former wunderkinds whose names will be remembered for scandal. How did they go from rising to fallen stars? One business leader and authority on executive coaching says the fluid nature of technology startups, along with the inexperience of young entrepreneurs, increases the risk of bad decision-making.
Avoid These 10 ‘Cringeworthy’ Phrases That Are Annoying Your Co-Workers
You might think you sound more professional using corporate lingo, but chances are, you’re probably annoying or confusing your co-workers. Sixty-three percent of working professionals find it “off-putting” when colleagues use workplace jargon in their communication, and 78% reported stopping themselves from talking or sending messages to avoid using jargon, according to a Jan. 2022 Slack survey of 2,000 remote and hybrid workers in the U.S.
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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.