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July 1, 2022

Jobs

Most workers want their employer to share their values — 56% won’t even consider a workplace that doesn’t, survey finds

CNBC
CNBC – For more and to sign up click here Luis Alvarez | Digitalvision | Getty Images For employees today, job satisfaction is about much more than just pay and benefits. New hires are increasingly looking for companies that affirm their values. Tyrese Thomas, who graduated from college in May......

Tesla is cutting about 200 Autopilot jobs and closing office in San Mateo, California

CNBC
CNBC – For more and to sign up click here Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan. Rebecca Cook | Reuters Tesla is closing its office in San Mateo, California, and eliminating an estimated 200 jobs there, CNBC has confirmed, as......

Fossil fuel industry cut jobs in 2021 despite growth in production, Energy Department reports

CNN
USA TODAY – For more and to sign up click here Energy Secretary Jennifer Granholm said the report found renewable energy jobs outpaced economy-wide growth, noting the electric vehicle and hybrid sectors showed a “whopping” 25% job growth. Jobs in clean electricity grew by more than 4%, the report shows.......

44% of Americans work a side hustle to make ends meet — but it may not be an efficient way to earn more, says expert

CNBC
CNBC – For more and to sign up click here Americans are increasingly turning to side hustles to make more money amid economic uncertainty and persistent high inflation. Some 44% of Americans are working at least one extra job to make ends meet each month, according to survey from Insuranks,......

The time is ripe for Wall Street layoffs as recession looms and deals boom turns to bust

CNBC
CNBC – For more and to sign up click here People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to......

Recruiters say the tech job market is still red-hot, despite isolated layoffs and cautious words from execs

CNBC
CNBC – For more and to sign up click here A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a......

Worried about an economic downturn? Here’s what you can expect in a typical recession, according to economists

CNBC
CNBC – For more and to sign up click here There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as “a significant decline in economic activity......

‘It’s almost unbelievable’: People are having their job offers rescinded days before they start

CNBC
CNBC – For more and to sign up click here Joynese Speller was excited to start a new job as a project delivery specialist for a health care company on June 6. As she wrapped up at her old nonprofit job on a Friday, she emailed her new company to......

Suze Orman has a warning for those who want to quit in the Great Resignation

CNBC
CNBC – For more and to sign up click here 44% of workers are worried about a layoff, job loss Despite the collective optimism around the current job market, 44% of workers are worried about a layoff or job loss, CNBC’s All-America Workforce Survey found. Some 84% are concerned about......

An early look at June U.S. jobs data suggests pickup, not slump

Reuters
A “Now hiring” sign is displayed on the window of an IN-N-OUT fast food restaurant in Encinitas, California, U.S., May 9, 2022. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register June 22 (Reuters) – An early look at the state of the U.S. job market in June......

A massive rail walkout in Britain is expected to kick off a summer of strikes over pay

CNBC
CNBC – For more and to sign up click here Forty thousand U.K. Network Rail staff and workers at 13 train operators have staged walkouts over pay in Britain’s biggest rail strike in 30 years. Jeff J Mitchell | Getty Images News | Getty Images LONDON — A days-long rail......

Beyonce’s ‘Break My Soul’ is a sign the Great Resignation ‘has seeped into the zeitgeist,’ says labor economist

CNBC
CNBC – For more and to sign up click here Beyoncé released a new single, “Break My Soul,” on Monday. The song references quitting a job and employee stress, alluding to the recent Great Resignation trend. Larry Busacca | PW18 | Getty Images The Great Resignation is part of the......

Elon Musk says Tesla will lay off 3.5% of total workforce as ex-employees sue company

CNBC
CNBC – For more and to sign up click here Tesla CEO Elon Musk. Patrick Pleul | AFP | Getty Images Elon Musk has sought to clarify how many Tesla workers will lose their jobs, following the launch of a lawsuit by former employees who claim the automaker breached U.S.......

Labor market ‘worse than the ’70s’ as strikes hit UK, Nobel Prize economist says

CNBC
CNBC – For more and to sign up click here LONDON – The labor market is “worse than the 1970s,” with massive rail strikes in the U.K. offering a sign of things to come, according to Nobel Prize-winning economist Christopher Pissarides. Britain’s RMT Union confirmed Monday that planned railway strikes......

Tech talent is still in demand but outsized salaries may be disappearing

CNBC
CNBC – For more and to sign up click here Thomas Barwick | Digitalvision | Getty Images The slumping stock market, and the punishment being doled out to tech companies in particular, is poised to reshape pay packages despite the demand for tech talent remaining strong. Each day brings a......

Microsoft finds Gen Z is redefining the idea of work hustle in and outside the office

CNBC
CNBC – For more and to sign up click here Inga Kjer | Photothek | Getty Images For decades Microsoft has been associated with a traditional definition of office work, long hours in front of a computer, but now the corporate enterprise giant finds Gen Z entrepreneurs disrupting ideas about......

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