“While there have been layoffs in the tech sector as of late, this sliver of the American labor market is relatively small. The vast majority of the job market is hot, though the headlines we’ve been seeing may lead us to believe otherwise.”
How Big Tech’s pandemic bubble burst - CNN Business
“Microsoft isn’t the only company experiencing such a dramatic reversal. Days later, Google-parent company Alphabet followed suit, saying it plans to cut around 12,000 jobs, amounting to more than 6% of its staff.”
“Unhappiness is a main reason employees leave organizations. Yet, what exactly causes people to be unhappy? There are a number of factors that come into the equation that can cause people to conclude they could be better off working somewhere else.”
“A survey of national economists says more businesses now expect job reductions at their firms and to spend less on expansions for the first time since the pandemic.”
“They're happy to ditch unfulfilling jobs that don't offer the perks they want — and are always on the lookout for something better. Indeed, 70% of Gen Zers who say they're ‘loyal’ to their employers are either actively or passively seeking a new job, the research found.”
RedBalloon in the News
"We've got this kind of interesting tug of war that's happening right now between workers and the employers," RedBalloon CEO Andrew Crapuchettes said on "Varney & Co."
"You don't have the water cooler, you don't have all the distractions," Crapuchettes noted of remote productivity, "but all of a sudden, you find out you're not doing the same collaboration and innovation that you have when you're in an office environment."
The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on RedBalloon.work!