The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more
Peter Lancaster in Argentina. Courtesy of Peter Lancaster Forget the “quarter-life crisis.” These days, millennials are turning to the “quarter-life sabbatical.” Amid the waves of mass layoffs, people are choosing to repurpose their unemployment into soul-searching, and many are extending their time away from the cubicle to travel the world. Peter Lancaster, 31, was laid … Read more
Even as the tech industry has taken steps over the past decade to diversify their hiring practices—with a particular emphasis on recruiting and retaining Black and Latino employees—progress has been slow. And amid economic challenges over the past year, many companies have laid off employees tasked with DEI work or quietly pulled back on the … Read more
A virtual town hall meeting to discuss lay-offs at Vice Media was abruptly cut short last week after executives complained about a flood of “thumbs-down” emojis overtaking the screen. Chief content officer Cory Haik was giving an update to the company about recently announced job cuts on Wednesday when angry emoji reactions began to pour … Read more
CNN’s new boss sought to ease anxiety with a Friday memo that named top executives to revamp the struggling network — just days after it was revealed he had slashed bonuses companywide. Mark Thompson — who took CNN’s helm in October following the disastrous, 13-month tenure of former CEO Chris Licht — cited the “changing economics of television” … Read more
This Side Hustle Spotlight Q&A features Alaa El Ghatit, founder of LifeOnRecord. LifeOnRecord is a service that lets people phone in stories, memories and well wishes for someone celebrating a birthday, retirement, wedding or other special occasion. The recordings are put onto a keepsake speaker or a vinyl album. Image Credit: Courtesy of Alaa El … Read more
The Bumble app is displayed on a smartphone in New York on Nov. 6, 2023. Gabby Jones | Bloomberg | Getty Images Bumble on Tuesday announced plans to lay off about 350 employees as part of a restructuring plan. A company spokesperson said the cuts amount to about 30% of Bumble’s workforce. Bumble said the … Read more
It’s the question every job seeker is dying to ask: “Are layoffs coming?” And for good reason: Thousands of workers in media, tech, logistics, and many other industries have lost their jobs in the last year. No hiring manager or recruiter can guarantee that layoffs will never happen, of course—and even the seemingly most stable … Read more
The US hotel industry has been grappling with inadequate staffing and higher wages — and the problems are expected to push travel costs even higher than they already are. In 2024, hotels across the US are expected to collectively shell out $123 billion in compensation — up more than 20% from 2019, The Wall Street … Read more
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023. Costfoto | Nurphoto | Getty Images Chinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. One bright spot in Alibaba’s latest earnings report was its international e-commerce business unit, which posted … Read more
