Google, Citigroup, BlackRock And Amazon Announce Job Cuts—Here’s Why We Will Continue To See Layoffs In 2024
Major companies, such as Google, Amazon, Citigroup and BlackRock, have announced significant layoffs within their firms, contributing to the overall reduction of the white-collar workforce. The ongoing job cuts are being driven by a combination of continued economic uncertainty, the ascension of artificial intelligence and rightsizing companies as a result of pandemic-fueled hiring sprees. These trends reflect the broader challenges and unease shaping the job market, particularly in the white-collar sector.
Why People Don’t Aspire To Be Managers In Today’s Workforce
For decades, the goal of corporate workers was to rise through the ranks of their organizations. They’d want to quickly shed their individual contributor roles and take up management opportunities. This was perceived as the traditional way to climb the corporate ladder of success—gain more responsibilities, earn more money and wield power over a large staff.
Unlike Last Year’s Large-Scale Layoffs, 2024 Sees Small And Steady Job Cuts—Here’s Who’s Laying Off
The start of this year has ushered in a new and unpleasant job market trend. Throughout mid-2022 to 2023, major companies announced widespread layoffs, eliminating thousands of roles all at once. The workforce is now experiencing a shift from large-scale layoffs to a more gradual and ongoing process.
The Blind Ambition Podcast
Katya gives us a sneak peek into how recent mass layoffs in the tech, banking and finance industries have impacted the job market. She reveals that 1Password receives as many as 12,000 resumes every month and job postings for internships can add another 20,000. We ask Katya to break down how to polish your resume and improve your candidacy to stand out in the hiring process and land the job offer. Notably, we dig into whether it's necessary to have domain experience in an industry like cybersecurity and why the secret just might be listening in a job interview.
WebMD Parent Company’s Cringe Video Is A Masterclass In How Not To Call Workers Back To The Office
Internet Brands, the parent company of WebMD, has gone viral for an internal video urging workers to return to the office. It was met with backlash, stemming from its perceived mocking and threatening tone, as well as its lack of empathy for employees’ preferences and well-being. The video opens with bursts of smiling employees and showcases the allure of office amenities, such as vending machines, a coffee station and a working copy machine.
Remote Workers Are Overlooked For Promotions And Raises—Here’s How You Can Get Noticed
Remote workers in the United States are receiving fewer promotions and raises compared to their in-office counterparts. The Wall Street Journal reported people working from home got promoted 31% less frequently in the past year than office-based workers, according to an analysis by job change and human capital insights provider Live Data Technologies. The research also found that these workers are less likely to receive mentorship, especially women. Nearly 90% of CEOs reported they are more likely to prioritize in-office employees for career-advancing projects, raises or promotions.
Google CEO Warns Staff More Layoffs May Be On The Horizon—What This Means For The Mental Health Of Workers Who Are Worried They’re Next
Google CEO Sundar Pichai warned his employees in an internal memo on Wednesday about the possibility of more “role eliminations” at the company in the coming months. “We have ambitious goals and will be investing in our big priorities this year,” Pichai wrote in a message to Google staff that was obtained by the Verge. “The reality is that to create the capacity for this investment, we have to make tough choices.”
Tech Industry Sees ‘Cautious Optimism’ For Hiring And Recruiting In 2024, Survey Finds
The tech industry is undergoing significant shifts, with a growing emphasis on outsourcing talent, skills-based hiring and an increasing demand for artificial intelligence and machine learning specialists. A recent survey by CoderPad, an online technical assessment software that enables hiring managers to interview candidates in their preferred programming language and evaluate the skills of engineers, provides insights into the sentiments and experiences of software developers and technical recruiters.
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.
