Dimitri Otis | Getty Images A global pandemic and a possible U.S. recession are reshaping the workforce, but the impact of Gen Z may be greater than both. Top HR executives are taking notice and adapting their recruiting and employee management practices around not only the needs but desires of this younger class of workers. … Read more
Dimitri Otis | Stone | Getty Images Recent layoff announcements in the tech sector from Meta Platforms to Palantir and Eventbrite are further proof that tech companies are still shedding workers. According to Crunchbase, the tech industry cut 234,000 workers last year and 94,000 since January. Even so, it’s harder to find and retain tech … Read more
Some of the highest-paying careers are also the fastest-growing. Recent data shows that jobs in science, technology, engineering and mathematics, or STEM, are expected to grow 15% between 2021 and 2031. While tens of thousands of workers have been laid off this year, occupations in the STEM industry remain in high demand. STEM-related jobs are … Read more
With expectations for a recession already in the forecast for 2023, the recent failures of Silicon Valley Bank and Signature Bank have further stoked fears that an economic downturn could be on the horizon. But it remains to be seen when a recession — defined as two consecutive quarters of negative gross domestic product growth … Read more
Delegates pictured here attend the closing meeting of the first session of the 14th National People’s Congress in Beijing on March 13, 2023. Vcg | Visual China Group | Getty Images A record number of people in China took the civil service exam this year, as unemployment among young people soared. According to CNBC analysis … Read more
Peopleimages | Istock | Getty Images This was adapted from CNBC’s Work It newsletter on LinkedIn about all things work — from how to land the job to how to succeed in your career. Click here to subscribe. There are a lot of ways you can get stuck. Last week, we talked about getting stuck … Read more
Business People Meeting Design Ideas professional investor working new start up project. Concept. business planning in office. Charliepix | Istock | Getty Images Asia may be struggling with a shortage of workers after the pandemic, but Peter Bithos, CEO of job portal operator Seek Asia, said it is not the same as North America’s “Great … Read more
Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Images The job cuts in tech land are piling up, as companies that led the 10-year bull market adapt to a new reality. In January, Google announced plans to lay off 12,000 people from its workforce, while Microsoft said it’s letting go of 10,000 employees. Amazon … Read more
Wally Adeyemo at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Wally Adeyemo is the deputy secretary of the U.S. Treasury Department. Martin Luther King, Jr.’s last speech was given in Memphis, in support of sanitation workers on strike for safer working conditions and better pay. Dr. King recognized that economic opportunity was … Read more
Luis Alvarez | Digitalvision | Getty Images The pace of wage growth seems to be decelerating, according to the February jobs report issued Friday — but workers still have bargaining power in a cooling but strong job market, economists said. “Workers have a very strong negotiating position,” Mark Zandi, chief economist of Moody’s Analytics. “The … Read more