by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
When there is uncertainty, business leaders will adjust to the new reality. Upon entering this new phase, Meta CEO Mark Zuckerberg called for a “year of efficiency.” In addition to the 11,000 layoffs in November, Zuckerberg announced that 10,000 more people would be...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
Recruiters spend an inordinate amount of time searching for candidates. It’s a laborious task going through hundreds of résumés, trying to find the right match. It takes time and talent to write effective job descriptions to capture the attention of job seekers,...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
The United States is in the midst of fear, uncertainty and doom (FUD). Within the last week, Silicon Valley Bank, Silvergate Bank and Signature Bank all imploded. The failure of SVB sent shivers through the markets, causing concerns over which small or regional banks...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
The economy has become too volatile, and workers are no longer safe. The lurching back and forth from good to bad times has accelerated, causing workers to feel lost and confused. Only a year or so ago, everything seemed fine. Record inflation, high-interest rates and...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
Silicon Valley Bank, the 16th largest bank in the United States, suddenly imploded after 40 years. On Thursday, SVB depositors rushed to withdraw $42 billion from their accounts, leading to the largest U.S. banking failure since the financial crisis. Following the...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
Fallout from the troubled Silicon Valley Bank could adversely impact the job market, particularly in the venture capital, startup and cryptocurrency sectors where SVBVB was a prominent lender and banker. With the ongoing white-collar recession, this fear will likely...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
Information about the job market is extremely important right now, as the data will dramatically impact the economy. It could mean the difference between heading into a deep, shallow and prolonged recession or possibly avoiding it. Jerome Powell, the Federal Reserve...
by Christine Moukazis | Apr 3, 2023 | Forbes Articles by Jack Kelly
Tech professionals have had it made for years. Software engineers and other tech workers in Silicon Valley have earned hefty total compensation packages. Factoring in stock grants and options, many people who were at the right firm at the right time realized windfall...
by Christine Moukazis | Mar 8, 2023 | Forbes Articles by Jack Kelly
A new policy will make it harder for Googlers to advance within the organization. Google informed its employees that fewer people would be offered promotions to senior levels this year compared to the prior years. In an effort to rein in runaway expenditures, the...
by Christine Moukazis | Mar 7, 2023 | Forbes Articles by Jack Kelly
It is more challenging to negotiate a salary and total compensation during an economic downturn. When the economy and job market are hot, employees have the upper hand. During the Great Resignation, companies struggled to find top talent and were willing to offer lush...