Tech Industry job layoffs looking scary
- Thread starter dtownreppin214
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Just gonna leave this here:
Ironically, employers’ changing attitudes towards their workers might negatively impact their bottom line, human resource specialists say. McKinsey has found that ethnically diverse companies are 36% more likely to outperform companies that are less diverse. Companies with the most gender diversity on their executive teams were 25% more likely to experience above-average profitability.
“If you have more voices from different backgrounds at the table, your product is going to do better and you are going to have a bigger reach,” says Sam, of the diversity recruiting agency Nextplay. Without those workers, he says, “revenue is going to be impacted.”
Since engaged employees perform better at work than those who don’t like their jobs or bosses, the cost of cutting benefits may be higher than the cost of the actual benefits themselves, says Peter Cappelli, a management professor at the Wharton School of the University of Pennsylvania. But for many CEOs, who became leaders without any training in human resources, and who are, increasingly, trained in engineering rather than in management, employee management isn’t high up in the list of their priorities, says Cappelli. “The idea of making your company better is just swamped by other concerns like deal-making and acquisitions and plotting clever business moves,” he says.
Employers already complaining about a lack of skilled workers are in for a nasty surprise if their new policies drive away people who had long been on the sidelines of the labor force, including disabled workers and parents of young children. Rather than a more efficient American workplace, employers may find that they can’t find enough employees to keep going.
Ironically, employers’ changing attitudes towards their workers might negatively impact their bottom line, human resource specialists say. McKinsey has found that ethnically diverse companies are 36% more likely to outperform companies that are less diverse. Companies with the most gender diversity on their executive teams were 25% more likely to experience above-average profitability.
“If you have more voices from different backgrounds at the table, your product is going to do better and you are going to have a bigger reach,” says Sam, of the diversity recruiting agency Nextplay. Without those workers, he says, “revenue is going to be impacted.”
Since engaged employees perform better at work than those who don’t like their jobs or bosses, the cost of cutting benefits may be higher than the cost of the actual benefits themselves, says Peter Cappelli, a management professor at the Wharton School of the University of Pennsylvania. But for many CEOs, who became leaders without any training in human resources, and who are, increasingly, trained in engineering rather than in management, employee management isn’t high up in the list of their priorities, says Cappelli. “The idea of making your company better is just swamped by other concerns like deal-making and acquisitions and plotting clever business moves,” he says.
Employers already complaining about a lack of skilled workers are in for a nasty surprise if their new policies drive away people who had long been on the sidelines of the labor force, including disabled workers and parents of young children. Rather than a more efficient American workplace, employers may find that they can’t find enough employees to keep going.
how'd it go?Got an interview today for a second job
Trying rejoin OE and get a pay raise.
Think i bombed it, came off too qualified and wasn’t consistent with what they were doing.
They’re still doing basic excel pivots tables and sql, without python or tableau/ qlik.
shyt would have been a lick though because it would have been way easier than what I do currently while paying more
Spotify employees get 5 months of severance
Google employees get 6 months
Damn, I'm sure some of them wouldn't mind a layoff. Can easily find a job in a month or 2 and get 4 months of pay on top of that.
But to your point yesterday: Venture Fundraising Hits Nine-Year Low
The startup gravy train actually plummeted before the big tech purge and its just getting worse as the contagion spreads with VC.
Need more context to this. Trains have been packed (mid last year we went hybrid). Delivery is also heavy.
Are these abandoned buildings, which were abandoned way before Covid due to ultra-high rent??
RIP Caesar Palace Pizza on W 84 & Ginger's Chinese in W 37th st (years before Covid/Remote work/etc.). And these were long-standing establishments with heavy foot traffic
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Meta preparing for fresh round of job cuts - Washington Post
Facebook-parent Meta Platforms Inc is planning a fresh round of job cuts in a reorganization and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday.
www.reuters.com
Job hoppers get thrown in the trash bin, but all you need is one desperate company to say yes
Job hoppers get thrown in the trash bin, but all you need is one desperate company to say yes
Job hoppers made massive gains in the last couple years. Don't confuse people who ditch jobs within a couple months to strategic hoppers. There's a purpose.
Job hopping in the key to getting money and promotion once you max out your opportunities in your current job. I used to job hop every year to 2 years and it’s helped tremendously in my career. Now I’m at a point where I’m very comfortable in my job and there’s no need to hop.
startups get funded everyday b
The Real-Time Database for Dealmakers: Fundz
Fundz helps people discover and close more deals after key business trigger events, such as new fundings, executive hirings and acquisitions.
www.fundz.net
I’m not saying there’s no money in it, the places I’ve worked if you have less than a year or you change jobs every year consistently your resume is getting tossed in the bushes
The $12 billion derives from lost revenue that retailers and restaurants were making, especially on Monday’s and Friday’s. Office badge tracking data shows that in Manhattan offices, 50% fewer workers (vs 2019 pre-pandemic) are in the office on Monday’s and Friday’s now.
this is tech. Companies will poach workers with in demand skills. Employers know this. Don’t jump every 6 months but be strategic.I’m not saying there’s no money in it, the places I’ve worked if you have less than a year or you change jobs every year consistently your resume is getting tossed in the bushes
