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☆ How working for Big Tech lost 'dream job' status
▼ + stars: | 2024-04-28 | by ( Anuz Thapa | ) www.cnbc.com time to read: +2 min

Despite blockbuster earnings from giants such as Alphabet and Microsoft , layoffs continue to ripple through the tech industry. Layoffs.fyi, a platform monitoring job cuts in the tech sector, recorded more than 263,000 job losses in 2023 alone. Even though mass tech layoffs continue, the labor market still seems strong. Mass layoffs have eroded the shine of the tech industry, which is why workers are questioning whether getting a job in the tech industry should still be regarded as a "dream job." Watch the video to learn about tech workers' sentiments, considerations for aspiring Big Tech employees, and more.

Persons: Jeff Shulman, Dow Jones, Christine Cruzverga, Eric Tolotti Organizations: Microsoft, University of Washington's Foster School of Business, Dow, Big Tech Locations: U.S, Big, Snowflake

The tech sector is having a big 2024. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support tighter monetary policy for longer. It's a different story for tech workers, though. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to Layoffs.fyi, which tracks layoffs in the tech industry.

Persons: Jeff Shulman, There's, haven't, they've Organizations: Nvidia, University of Washington's Foster School of Business, Companies Locations: U.S

☆ How Guyana's big oil boom turned it into the world's fastest-growing economy
▼ + stars: | 2024-01-27 | by ( Anuz Thapa | ) www.cnbc.com time to read: +2 min

Guyana, a tiny South American nation home to more than 800,000 people, made big headlines in December. "What has happened is that it's been exacerbated by the discovery of oil (in Guyana)," said Dr. Terrence Blackman, founder and CEO at Guyana Business Journal. The 2015 oil discovery made Guyana the world's fastest-growing economy, recording the world's highest real GDP growth rate in 2022 and 2023. Venezuela has the world's largest oil reserves, but that hasn't stopped its economy from collapsing since Maduro took power in 2013. Watch the video above to dive deep into Guyana's oil economy, its ongoing escalation with Venezuela, what the country's oil means for the U.S. and more.

Persons: Nicolás Maduro, it's, Terrence Blackman, hasn't, Maduro, Venezuela doesn't, Valerie Marcel, Gregory Brew Organizations: Guyana Business, New Producers Group, Eurasia Group, U.S Locations: Guyana, American, Venezuela, Essequibo, United States, South America

☆ How Guyana's oil boom sparked a border dispute with Venezuela
▼ + stars: | 2024-01-27 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Guyana's oil boom sparked a border dispute with VenezuelaGuyana, the only English-speaking nation in South America, has witnessed new economic heights since the 2019 oil discovery. With just more than 800,000 residents, the tiny country the size of Idaho state claims the title of the world's fastest-growing economy. Amid global interest, the ongoing border dispute with neighboring Venezuela takes center stage. Watch the video above to learn the transformative effect of Guyana's oil and whether its escalation with Venezuela might derail its progress.

Organizations: Venezuela Guyana Locations: Venezuela, South America, Idaho

☆ Why the golden age of remote work may be coming to an end
▼ + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Finding fully remote work is getting challenging. "Some of the pushback remote work is driven by concerns about productivity," said Kory Kantenga, senior economist at LinkedIn. During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. "Remote work was thrust upon us basically by the pandemic," said Nicholas Bloom, professor of economics at Stanford University. "Before the pandemic, remote work was pretty rare.

Persons: Kory Kantenga, Nicholas Bloom, it's, Elon Musk, CNBC's David Faber, It's Organizations: LinkedIn, Census Bureau, Stanford University Locations: U.S, America, la la

☆ Is the golden age of remote work over?
▼ + stars: | 2023-11-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs the golden age of remote work over? During the pandemic, remote work became the darling of the corporate world, and the steady stream of headlines of companies going fully remote captured the new normal. However, as the world began to open up, corporate America shifted its stance on remote work. Watch the video to learn why corporate America is pushing against remote work, how remote workers feel about the pushback, and what this workplace trend tells us about the U.S. job market.

Locations: America

☆ Quiet cutting: How power in U.S. offices may be shifting back to bosses
▼ + stars: | 2023-10-13 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

In the American workplace of 2023, a new labor market trend has taken over where "quiet quitting" left off. Quiet cutting. "Quiet cutting is what some people consider a subcategory of quiet firing," said Nadia De Ala, a leadership and negotiation coach. "Quiet cutting suggests that the balance is shifting, with employers gaining more control." Watch the video above to learn more about quiet cutting and what this workplace trend tells us about the U.S. job market and the overall economy.

Persons: Nadia De, we've, Joanne Lipman Organizations: Yale University Locations: American, Nadia De Ala

☆ What's behind the surge in 'quiet cutting' at American workplaces
▼ + stars: | 2023-10-13 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's behind the surge in 'quiet cutting' at American workplaces'Quiet cutting,' a new workplace trend, has taken a center stage in business news as concerns about economic uncertainties grow, sparking widespread attention and discussion. Some economists say that despite the overall U.S. job market remaining strong, companies are fearful of what lies ahead so they are adopting the quiet cutting approach to workplace spending. Watch the video above to learn more about this trend and what it suggests about the job market and the overall economy.

☆ Why Saudi Arabia is pumping billions of dollars into pro soccer
▼ + stars: | 2023-09-08 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Saudi Arabia is pumping billions of dollars into pro soccerCristiano Ronaldo received a thunderous welcome at his new club, Al Nassr, in Saudi Arabia on January 3rd. That day was not just an ordinary day for the Arab nation; the five-time Ballon d'Or winner's entry to the Saudi Pro League also marked the start of a new era in their domestic league—the era of bringing global superstars to play their league by spending billions of dollars. Watch the video above to find out why Saudi Arabia is doubling down their investment in professional soccer and more.

Persons: Cristiano Ronaldo, Al Nassr Organizations: Saudi Pro League Locations: Saudi Arabia

☆ Why Saudi Arabia is spending hundreds of millions on soccer stars like Cristiano Ronaldo and Neymar
▼ + stars: | 2023-09-08 | by ( Anuz Thapa | ) www.cnbc.com time to read: +3 min

Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf. "This is what we're doing by bringing household names like that to the Saudi league. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is the financial vehicle driving these high-priced transactions. "Saudi Pro League is the top men's professional soccer league in Saudi Arabia." Watch the video above to find out why Saudi Arabia is doubling down its investment in professional soccer and more.

Persons: Neymar, Ballon, Cristiano Ronaldo, Fahad Nazer, Prince Mohammed bin Salman, Stefan Szymanski, Simon Chadwick Organizations: Soccer, Pro League, Saudi, CNBC, Public Investment Fund, Saudi Pro League, University of Michigan, Newcastle United, Critics, Skema Business Locations: Saudi Arabia, Saudi, Saudi Embassy, U.S, Ittihad, Al, Hilal, Ahli

☆ Lionel Messi: Can the superstar give professional soccer a boost in the U.S.?
▼ + stars: | 2023-08-11 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLionel Messi: Can the superstar give professional soccer a boost in the U.S.? Messi-mania has swept the nation, drawing crowds to sold-out stadiums to witness the 36-year-old in action. Messi merchandise is in high demand, and Apple attributes a surge in Apple TV+ subscribers to his Major League Soccer presence. The MLS aims to harness Messi's popularity as the U.S. prepares to co-host the 2026 FIFA World Cup. Watch the video above to find out whether Messi wearing the Inter Miami jersey until 2025 could supercharge professional soccer in the U.S.

Persons: Lionel Messi, Messi Organizations: Apple, Major League Soccer, MLS, Inter Miami Locations: U.S

☆ Why Apple's betting big on making iPhones in India
▼ + stars: | 2023-07-07 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Apple's betting big on making iPhones in IndiaApple's plan to move more iPhone manufacturing from China to India sounds like a good idea on paper. In the real world, it's plagued with serious challenges — finding talent, building out infrastructure and navigating a patchwork of regulations. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India. Apple declined CNBC's request for comment.

Organizations: Apple Locations: iPhones, India, China

☆ What Apple's big bet on India means for the tech giant's future
▼ + stars: | 2023-07-07 | by ( Anuz Thapa | ) www.cnbc.com time to read: +2 min

It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. That year, about 3.5% of the world's iPhones were made in India. "Without that broader supply base, they had production shortfalls which impacted their sales, which they might not have suffered as much had they had multiple sources." Moving more iPhone manufacturing from China to India sounds like a good idea on paper. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India.

Persons: Tim Cook, Angelo Zino, Apple, Willy Shih Organizations: Apple, New, CFRA, Harvard Business School Locations: India, New Delhi, Mumbai, China

☆ Why China's billionaires keep disappearing
▼ + stars: | 2023-04-15 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy China's billionaires keep disappearingChinese billionaires have been dominating headlines for their mysterious disappearance from the public eye. In 2020, the disappearance of Jack Ma, founder of Alibaba, grabbed the world's attention. Fast forward to 2023, the disappearance of billionaires continues, where Bao Fan, a renowned investor banker, became the latest name in the list of 'vanishing billionaires.' Watch the video above to find out the reasons behind China's 'missing' billionaires and their ripple effects on China's private sectors.

☆ How China's shrinking population could have a ripple effect on the global economy
▼ + stars: | 2023-03-03 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021. Many experts believe that China's one-child policy, introduced in the 1980s, is one of the main reasons for the population decline. "China's one-child policy was a mistake," said Yi Fuxian, an expert on Chinese population trends at the University of Wisconsin-Madison. "What's happening in the bedrooms in China is actually affecting what's happening in the rest of the world." Watch the video above to find out what caused China's population decline and how the shrinking population could alter the global economy.

☆ China's shrinking population: What it means for the global economy
▼ + stars: | 2023-03-03 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's shrinking population: What it means for the global economyChina made global headlines in January when it announced a drop in its population for the first time since the 1960s. The country's National Bureau of Statistics reported the population total narrowed to 1.412 billion last year from 1.413 billion in 2021. Watch the video above to find out what caused this decline and how the shrinking population could alter the global economy.

☆ How the U.S. labor market went from 'quiet quitting' to 'quiet hiring'
▼ + stars: | 2023-02-06 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

This year there's a new vogue practice — "quiet hiring." "Quiet hiring is one of several trends that we've identified as potentially having a major impact in 2023 for the future of work,'" says Emily Rose McRae, who leads Gartner's future of work research team. And companies are starting to turn to quiet hiring to trim costs ahead of a potential economic downturn. "One way of potentially doing that is what has been called quiet hiring." Watch the video above to find out more about the concept of quiet hiring and its potential impact on the job market and the overall economy.

☆ How 'quiet hiring' became the workplace trend of 2023
▼ + stars: | 2023-02-04 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow 'quiet hiring' became the workplace trend of 2023'Quiet quitting,' an anti-hustle cultural trend, gained momentum in 2022. That practice had to do with employees' rejection of going above and beyond to promote their careers at the expense of embracing life outside of work. Now, in a twist, the seemingly opposite, "quiet hiring," is the latest workplace trend. Experts, however, say this is not a new concept. Watch the video above to find out more about quiet hiring and its potential impact on the job market and the overall economy.

☆ Neom: Saudi Arabia's $500 billion bet to build a futuristic city
▼ + stars: | 2023-01-13 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNeom: Saudi Arabia's $500 billion bet to build a futuristic citySaudi Arabia is building a futuristic city, Neom, in its desert from scratch. A vital element of the country's Vision 2030 plan, the project is Saudi's de facto leader, Crown Prince Mohammed Bin Salman, a.k.a. MBS's brainchild. The project plans to cover an area of more than 10,000 square miles, about the same size as Massachusetts, costing $500 billion. Watch the video above to find out why MBS is betting on this city.

☆ Saudi Arabia's $500 billion bet to build a futuristic city in the desert
▼ + stars: | 2023-01-13 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country's Vision 2030 plan, the project is the brainchild of Saudi's de facto leader, Crown Prince Mohammed bin Salman, also known as MBS. "Neom is a mega project seen in Saudi Arabia and the young Saudi population as part of this liberalization process." The Neom project is far from without controversy, though. It also is being seen by some as a way to distract attention from Saudi Arabia's human rights record.

☆ Four-day workweek: Are we heading there?
▼ + stars: | 2022-12-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFour-day workweek: Are we heading there? A four-day or shorter workweek is gaining momentum, thanks to the remote work boom during the pandemic. A study from 4 Day Week Global, a nonprofit conducting a four-day week pilot program in many countries, found companies expressed extreme satisfaction with their overall productivity and performance. But that hasn't been true for all companies. Watch the video above to explore the pros and cons, and whether it will ever become the global norm.

☆ How the four-day workweek gained momentum — and could change the future of work
▼ + stars: | 2022-12-10 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

The idea of a four-day or shorter workweek is gaining momentum worldwide — a big thanks to the remote work boom during the Covid-19 pandemic. A recent study from 4 Day Week Global, a nonprofit group that has been conducting four-day week pilot programs in several countries, found that employees expressed satisfaction with their overall productivity and performance. "The idea of reducing work time has been around for quite some time," said Charlotte Lockhart, founder and managing director at 4 Day Week Global. We have thousands of companies around the world that are actually reducing work time in one way or another." Watch the video above to learn whether the four-day workweek is what working life will look like in the future.

☆ Midterm voters sound off on economy and inflation on Election Day
▼ + stars: | 2022-11-08 | by ( Anuz Thapa | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMidterm voters sound off on economy and inflation on Election DayInflation is one of the top concerns for voters in this year's midterm elections. According to an NBC News poll, a majority of Americans remain overwhelmingly dissatisfied with the U.S. economy, which is why some voters say getting a handle on higher prices is their top priority.

☆ How phone scammers tricked Americans out of tens of billions of dollars in 2022
▼ + stars: | 2022-11-05 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

Despite the rise of sophisticated crypto frauds and ransomware plots, phone scams continue to trick Americans out of tens of billions of dollars each year. Phone scams are on the rise. Truecaller, which makes an app that blocks spam calls, estimates that nearly 70 million Americans have lost money to phone scams in 2022, and that those scammers made off with nearly $40 billion in total. Phone scams include frauds that begin with calls and text messages. Watch the video above to learn more about why phone scams remain so prevalent, how people are fighting back against them and how not to become a victim.

☆ How Gautam Adani became the world's fourth richest person while billionaires like Jeff Bezos lost tens of billions
▼ + stars: | 2022-09-30 | by ( Anuz Thapa | ) www.cnbc.com time to read: +1 min

The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He's now ranked as the world's fourth wealthiest person. That might be changing now that he's richer than Microsoft founder Bill Gates and iconic investor Warren Buffett. Adani is now chair of the Adani Group, one of the three largest industrial conglomerates in India. Watch the video above to learn more about how Adani's political connections may have boosted the success of his many companies.

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