SUCCESS
What To Do When You Feel Your Boss Is Setting You Up For Failure
When you join a new company, your hopes are high that you will be provided all the necessary advice, guidance and tools to succeed at your new job. You want your manager and the company to set you up for doing your best work. This includes being told about expectations and offered training, resources and clear communication from your supervisor as to perform your duties well.
Once you're up and running, it’s essential to receive regular feedback, constructive criticism and psychological safety so you can continue to improve without fear of being micromanaged. Encouragement, transparency and recognition of accomplishments will set a person up for being happy, motivated, engaged and productive. Unfortunately, sometimes, workers don’t receive the necessary attention, advice, directions, support and encouragement to thrive.
Motivation + Success
The Idea That Succeeding Is No Harder Than Failing
Success and failure are intertwined in the journey toward achieving your goals, both offering valuable lessons and experiences that contribute to personal growth and development.
Failure can provide helpful insights, build resilience and motivation to improve, making success more meaningful and rewarding. Success often involves facing and overcoming challenges, setbacks and obstacles that require effort, perseverance and determination. Embracing failure as a learning opportunity and viewing success as a result of hard work and perseverance can help individuals navigate their paths toward achieving their goals.
How Failure Can Lead To Success
Failure can serve as a powerful motivator, sparking a desire to improve, try again and ultimately succeed in reaching one's goals. By reflecting on failures, individuals can identify areas for improvement, adjust their strategies and avoid repeating the same mistakes in future endeavors.
Failure can stimulate innovation and creativity by prompting individuals to explore new ideas, approaches and solutions to overcome obstacles and achieve success.
Here Are Some Strategies For Turning Failure Into A Stepping Stone For Success:
Embrace a growth mindset. Cultivate the belief that failure is an opportunity to learn and improve, viewing setbacks as essential for growth and development.
Take time to analyze your failures objectively, identify what went wrong and learn from the experience to avoid repeating the same mistakes in the future.
Develop coping strategies that help you bounce back from disappointments and setbacks, building resilience to navigate challenges with determination.
Reconnect with your goals and dreams after a failure, using them as fuel to keep going and surrounding yourself with positive influences that uplift and inspire you.
Latest Developments In The Job Market, Tech And The U.S. Economy
The Job Market
Citigroup To Lay Off Nearly 300 NYC Employees
Citigroup will lay off 286 employees in New York, according to filings to the State Department of Labor, at a time the bank is carrying out its biggest overhaul in decades.
Three separate notices dated earlier this week showed the layoffs would impact 239 employees from its primary banking subsidiary, opens new tab, 44 from its broker-dealer unit, opens new tab and three from its technology arm, opens new tab.
Citigroup said in January it would cut 20,000 jobs over the next two years, while acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a $1.8 billion loss.
Klarna’s AI Bot Is Doing The Work Of 700 Employees
Swedish Fintech company Klarna has said its artificial intelligence assistant is doing the work of 700 full-time agents and that its chatbot has had two-thirds of Klarna’s customer service chats in a month.
The buy now, pay later firm announced its AI assistant powered by US giant OpenAI on Wednesday, which has been live globally for a month.
The chatbot has handled 2.3 million customer service chats in 35 languages. Available on the Klarna app, the chatbot aims to save consumers time in managing refunds and returns.
Tech
Humanoid Robot Startup Figure AI Valued At $2.6 Billion As Bezos, OpenAI, Nvidia Join Funding
Figure AI, a startup working to build humanoid robots that can perform dangerous and undesirable jobs, just got a big vote of confidence from some of the largest names in artificial intelligence.
The company said Thursday that it raised $675 million at a $2.6 billion valuation from investors including Jeff Bezos, Nvidia and Microsoft.
Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human. The company sees its robots being put to use in manufacturing, shipping and logistics, warehousing, and retail, “where labor shortages are the most severe,” though its machines aren’t intended for military or defense applications.
Apple Employees Referred To Doomed Apple Car Project As ‘The Titanic Disaster’
For the last decade, many Apple employees working on the company’s secretive “Project Titan” electric vehicle project called it “The Titanic Disaster.” Amidst the layoffs, constant staffing and goal changes, and a general stench of failure permeating the effort, they knew the project was doomed to fail, The New York Times reports Thursday.
Economy
Key Fed Inflation Measure Rose in January
A measure of inflation that is held in high regard by the Federal Reserve ticked up in January, suggesting that prices continue to hold above levels that would warrant any immediate cut in interest rates.
The personal consumption expenditures index rose 0.3% for the month and 2.4% annually, both matching the forecasts of economists. The core index, stripping out energy and food costs, increased 0.4% in January and 2,.8% year over year, also meeting estimates.
Notably, personal income increased much more than expected, rising 1%, considerably more than the forecast for a 0.3% gain. Spending, however, fell by 0.1% compared to a forecast of a 0.2% gain. That could mean Americans are hoarding money in expectation of worsening economic times ahead, but it also means they have more money to spend should they choose to do so.
A Huge Wealth Transfer Means Millennials Are Poised To Become ‘The Richest Generation In History’
A gigantic wealth transfer over roughly the next decade will likely make Millennials “the richest generation in history,” according to a report from global real estate consultancy Knight Frank.
The annual Wealth Report, which will be released publicly in its detailed format next week, examines the latest trends in property and economics across the globe.
It found that, over the next 20 years, the so-called silent generation — those typically born from 1928 to 1945 — and baby boomers — born between 1946 and 1964 — will “hand over the reins” to those born from 1981 to 1996 when they pass on their property- and equity-rich assets.
In the U.S. alone, Knight Frank said the shift would see $90 trillion of assets move between generations, “making affluent Millennials the richest generation in history.”
How To Get A Job In Tough Times: All The Advice You Need To Succeed From A Top Executive Recruiter
There’s an old saying, “Tough times make tough people.” In this book, Jack Kelly will help guide you every step of the way in your job search to ensure that you stay strong, resilient and positive, and get that great, new job.
