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☆ Buy this work collaboration software maker with more than 30% upside, Barclays says
▼ + stars: | 2024-04-11 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Analyst Ryan MacWilliams upgraded the Australian-American software company, which develops and maintains software and provisions software hosting services, to overweight from equal weight. He raised his price target by $40 to $275, which implies 34.3% upside from Wednesday's close. In early February, the company beat second-quarter earnings and revenue estimates and gave positive fiscal 2024 guidance concerning its cloud and data center revenue growth. He indicated expectations for roughly 80% to 90% of the company's data center customers to migrate to cloud within the next three years. The analyst's upside case assumes roughly 28% revenue growth in 2024, which he thinks could happen if Atlassian continues to invest in its in-house revenue generators or pursues external portfolio additions.

Persons: Ryan MacWilliams, MacWilliams, Atlassian Organizations: Barclays, TEAM Locations: Atlassian, American, 2H24

☆ Amazon CEO Andy Jassy says he's committed to cost cutting while investing in AI in shareholder letter
▼ + stars: | 2024-04-11 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +41 min

This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. We're also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Being intentional about building primitives requires patience. Customers building their own FM must tackle several challenges in getting a model into production. Customers' AI models contain some of their most sensitive data.

Persons: Andy Jassy, Jassy, Jeff Bezos, he's, we've, Martha Stewart, Clinique, we're, We've, bode, We're, I've, iterating, We'd, we'd, Fox, affordably, you've, They're, Anthropic, that's, Claude, Dana, debugs, Slack Organizations: Amazon, Services, AWS, Deal, Prime, MGM, Savings, Regions, Citadel, Target, Storage Service, Netflix, Disney, Max, Paramount, CIA, . Intelligence, Amazon Freight, Carrier, Amazon Shipping, Foods, Drones, Amazon Pharmacy, Amazon Clinic, Robotics, Nvidia, Ricoh, NatWest, FMs, Meta, Bridgewater Associates, Farber Cancer Institute, Delta Air Lines, Intuit, KT, Lonely, LexisNexis, Netsmart, Pfizer, PGA, Rocket Companies, Siemens, Media, Inc Locations: North America, U.S, Europe, India, Brazil, Australia, Mexico, Middle East, Africa, Malaysia, New Zealand, Kingdom of Saudi Arabia, Thailand, Berlin, Hulu, Amdocs, Genomics England, GoDaddy, GenAI

☆ Stocks making the biggest premarket moves: Nike, CarMax, Robinhood, Alpine Immune Sciences and more
▼ + stars: | 2024-04-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Nike — Shares added 2% following an upgrade at Bank of America to buy from neutral. Alpine Immune Sciences — Shares of Alpine Immune Sciences soared nearly 37% after Vertex Pharmaceuticals said it will buy the company for about $4.9 billion in cash. The deal values Alpine stock at $65, about 67% above its close on Tuesday, the day before Bloomberg reported Alpine was considering its options. Vera Therapeutics — The stock jumped more than 10% following the announcement of the Vertex/Alpine deal. Atlassian — Shares jumped 4% after being upgraded at Barclays to overweight from equal weight.

Persons: Robinhood, Vera Therapeutics, Berenberg, DoorDash, Alex Harring, Sarah Min Organizations: LSEG, Revenue, Nike —, Bank of America, Citi, Constellation, Modelo, Constellation Brands, Immune Sciences, Vertex Pharmaceuticals, Bloomberg, Barclays, CNBC Locations: Vera, Albemarle

☆ Stocks making the biggest moves midday: CarMax, Nike, Paramount, Fastenal and more
▼ + stars: | 2024-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

CarMax — The used vehicle seller tumbled 13% after reporting fourth-quarter earnings of 32 cents per share on revenue of $5.63 billion. Analysts had expected earnings per share of 49 cents on revenue of $5.80 billion, according to LSEG, formerly known as Refinitiv. Nike — The athletic apparel maker added 3.2% after Bank of America upgraded Nike to buy from neutral. The deal values Alpine shares at $65, roughly 67% above its close on Tuesday, the day before reports that Alpine was considering its options. Atlassian — Shares rose 3.2% after Barclays upgraded the software maker to overweight from equal weight and raised its price target.

Persons: CNBC's David Faber, David Ellison, Faber, Lisa Kailai Han, Sarah Min, Yun Li, Samantha Subin, Michelle Fox, Alex Harring Organizations: Nike, Bank of America, Paramount, Skydance Media, Sciences, Vertex Pharmaceuticals, U.S . Space Force Space Systems Command, Constellation, Constellation Brands, LSEG, Barclays

☆ Here are Thursday's biggest analyst calls: Nvidia, Costco, Apple, Snowflake, Meta, Nike, Disney, Airbnb & more
▼ + stars: | 2024-04-11 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Alphabet as buy Goldman said it's sticking with its buy rating following the company's Google Cloud Next event. "We are initiating coverage of Airbnb (ABNB) with a BUY rating and a $190 per share price target." "Following a period of restriction, we are moving to an Overweight rating and a December 2024 price target of $140." "Given the increase in stock price, we believe valuation levels have disconnected from the fundamental outlook." Piper Sandler reiterates Meta as overweight Piper raised its price target on the stock to $600 per share from $525. "

Persons: Evercore, it's bullish, Goldman Sachs, Goldman, Berenberg, TD Cowen, Visa, Oppenheimer, it's, Snowflake, Raymond James, Simona Jankowski, Wells, Morgan Stanley, Moffett, We've, Marsh, Bernstein, Kenvue, underperform Bernstein, Johnson, Needham, Airbnb, CVX, TTE, Piper Sandler, Meta, Piper, Wells Fargo Organizations: JPMorgan, Apple, Mastercard, Barclays, Nasdaq, Nvidia, UBS, Gartner, IT, Deutsche Bank, ATI, Deutsche, Disney, Microsoft, TEAM, " Bank of America, Nike, of America, Citi, Robinhood, MMC, Qualcomm, Johnson, Consumer, Scotiabank, Hamilton Insurance, Costco, ~$ Locations: Albemarle, Chevron

☆ The best use of generative AI for office workers so far could be relieving a massive productivity drain: meeting overload
▼ + stars: | 2024-04-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Many workers say meeting overload can hurt their productivity. Microsoft's research suggests that using AI tools to chip away at meeting time could be the low-hanging fruit for some new adopters. Meetings summaries aren't the only way AI tools are helping workers save time. AdvertisementA Slack survey of over 10,000 global desk workers conducted in January found that 24% had tried using AI tools on the job. The learning curve that can come with AI tools is why some companies are providing employees with more training resources and encouraging them to experiment with these technologies.

Persons: —, they'd, Steven Rogelberg, Rogelberg, HubSpot Organizations: Service, Microsoft, Wakefield Research, Business, University of North Locations: North America, Europe, University of North Carolina, Charlotte

☆ I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
▼ + stars: | 2024-03-26 | by ( Avni Barman | ) www.businessinsider.com time to read: +8 min

She explains the 'lazy girl strategy' that got her a $40,000 raise. It wasn't because I was the hardest worker or an exceptional employee, but because I employed what some call the "lazy girl strategy." This "lazy girl strategy" is really just about being proactive about sharing my work successes in an efficient way. AdvertisementThe "lazy girl strategy" isn't actually lazy or just for womenHow you package and present your work to leadership when seeking a promotion is as important as the work itself, and the "lazy girl strategy" can help you efficiently do so. But in the meantime, the "lazy girl strategy" helped me get a $40,000 raise, and perhaps it could help you too.

Persons: Avni Barman, Barman, —, Avni Barman I've, it's Organizations: Service Locations: Atlassian

☆ How a century-old investment firm with $288 billion in assets identifies the companies set to dominate much of the stock market's outperformance, according to one of its fund managers
▼ + stars: | 2024-02-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also a short-sighted approach as far as Baillie Gifford, an investment management firm with $288 billion under management, is concerned. Advertisement"Our investment approach is bottom up," said Gemma Barkhuizen, an investment manager at the firm and one of the decision-makers on the Baillie Gifford Long Term Global Growth Fund. Another example is Nvidia, which is the largest holding within the long-term fund at 1.22%. A bottom-up, stock-picking strategyThe research framework that is the bedrock of the filtering process for the long-term fund looks at 10 key variables. What societal considerations are most likely to prove material to the long-term growth of the company?

Persons: —, It's, Baillie Gifford, Baillie Gifford's, Gemma Barkhuizen, Barkhuizen, Baillie, Roblox, that's, it's, aren't, isn't Organizations: Service, Business, PDD Holdings, Nvidia, Companies Locations: China

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ 10 of our stocks report earnings next week. Here's what we want to see from each
▼ + stars: | 2024-01-27 | by ( Zev Fima | ) www.cnbc.com time to read: +16 min

All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.

Persons: nonfarm, December's, Sartorious, We've, Stanley Black, Decker, We're, We'd, Royal Philips, Crane, Woodward, ServisFirst, Cadence Bancorporation, CADE, Johnson, Phillips, Avery Dennison, Columbus McKinnon, Robinson, SIRI, Cardinal Health, Parker, DOV, Pitney Bowes, Ferrari N.V, CSW, COLM, W.W, Grainger, Dwight Co, Jim Cramer's, Jim Cramer, Jim, Tim Cook, Justin Sullivan Organizations: Gross, Procter, Gamble, Gillette, Super, Consumer, JPM Healthcare, Amazon, Microsoft, Honeywell, Aerospace, Solutions, Apple Watch, Masimo, Vision Pro, Franklin Resources, Resource Partners, Bank of Marin Bancorp, Bank7 Corp, Pacific Premier Bancorp Inc, Provident Financial Holdings, Dynex, Cliffs Inc, Nucor Corp, Whirlpool Corp, F5 Networks, Capital Southwest Corp, Harbors Investment Corp, Crane Co, Payne, Equity, Heartland Financial, Cadence, FinWise Bancorp, Five Star Bancorp, PotlatchDeltic Corporation, Sanmina Corporation, Pfizer, General Motors Corp, United Parcel Service, JetBlue Airways Corporation, Smith Corp, Marathon Petroleum Corp, HCA Healthcare, Oshkosh Corporation, SYSCO Corp, Danaher Corp, Johnson Controls, M.D.C . Holdings, Commvault Systems Inc, Hope Bancorp, Hubbell Incorporated, Malibu Boats, Polaris Industries, Inc, Camden National Corp, Cambridge Bancorp, Microsoft Corp, Starbucks Corp, Devices, Electronic Arts Inc, Juniper Networks, Stryker Corp, Lending, Canadian, Canadian Pacific Kansas City Limited, Mondelez, Chubb Corporation, Modine Manufacturing, Partners, Management, Hawaiian Holdings, Manhattan Associates, Unum Group, UNM, Axos, Enova, Boston Properties, Boeing Co, Novo Nordisk, Mastercard Inc, Roper Technologies, Boston Scientific Corporation, MarketAxess Holdings, Fisher, Aptiv PLC, Hess Corp, Nasdaq, United Microelectronics Corp, Rockwell Automation, Teva Pharmaceutical Industries, Ltd, Avery, Avery Dennison Corp, Extreme Networks, Otis Worldwide Corporation, OTIS, Columbus, Columbus McKinnon Corp, Central Pacific Financial Corp, Brinker International, Fortive Corporation, Qualcomm, Technology, Metlife, Hanover Insurance, Barn Holdings, CONMED Corporation, DLH Holdings Corp, Meritage Homes Corporation, Honeywell International, Eaton Corp, Altria, Royal Caribbean Cruises Ltd, Merck, Co, Enterprise Products Partners, Dorian LPG, SiriusXM Holdings, Cardinal, Hannifin Corporation, Allegheny Technologies Incorporated, Tractor Supply Company, Trane Technologies, Dover Corp, Huntington Ingalls Industries, Brunswick Corporation, Dickinson, Canada Goose Holdings, Kirby Corp, WEC Energy Group, WestRock Company, Allegro MicroSystems, Ball Corporation, Broadridge Financial, BrightSphere Investment Group, CMS Energy Corp, Lancaster Colony Corp, Rogers Communications Inc, Sanofi, Apple, Atlassian Corporation, United States Steel Corp, Corp, Adtalem Global, Homes, DXC Technology Company, Eastman Chemical Company, Gen, Post Holdings, America, Columbia Sportswear Company, Exxon Mobil Corp, Chevron Corporation, Myers Squibb Co, CIGNA Corp, Regeneron Pharmaceuticals, Charter Communications, AON, Cboe, Dwight, Banco Santander, Jim Cramer's Charitable, CNBC, Apple Vision, Getty Locations: China, East, United States, Europe, Cleveland, Alexandria, California, Corning, Canadian Pacific, Teradyne, TER, Novo, Hanover, PBI, Skechers U.S.A, Bristol, Chile

☆ The biggest change coming to remote work and RTO in 2024, according to a tech CEO
▼ + stars: | 2024-01-22 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

In just five years, remote work has gone from a fringe benefit to a sought-after privilege people are competing for. The demand for remote jobs continues to outstrip supply: As of December 2023, remote jobs made up less than 10% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. Remote jobs won't disappear entirely, even if some become harder to find, Atlassian co-founder and co-CEO Scott Farquhar tells CNBC Make It. The Australian software company adopted a "Team Anywhere" policy in 2020 that allows employees to choose between remote, in-person or hybrid work. Instead, Farquhar says the biggest change we'll see to remote work in 2024 is companies introducing stricter, more permanent guardrails around their remote or hybrid work arrangements.

Persons: —, Atlassian, Scott Farquhar, Farquhar Organizations: LinkedIn, CNBC Locations: Australian

☆ The No. 1 challenge Fortune 500 execs say they're facing with employees right now, according to new research
▼ + stars: | 2024-01-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Executives are more concerned about employee productivity than about getting them back to the office, according to new research from Atlassian. In September, the Australian software company asked 100 Fortune 500 and 100 Fortune 1000 executives what their biggest organizational challenge is, and nearly half (43%) said low productivity. Only a third of executives with an in-office mandate said they thought their in-office policies have had any impact on productivity. Instead, 76% of the Fortune 500 executives surveyed said they are more worried about how their teams are working than where they work. It's not the first time executives have said they're worried that workers are getting less done — and evidence suggests their fears aren't unfounded.

Persons: It's, Atlassian's, Scott Farquhar Organizations: Fortune, Bureau of Labor Statistics, CNBC Locations: Australian

☆ Can Divorce Be Affordable? Yes, but Only if Spouses Want It to Be.
▼ + stars: | 2023-11-25 | by ( Caitlin Kelly | ) www.nytimes.com time to read: +1 min

It was my condo and I was making the payments.” She recommends having a lawyer review a document divorce to ensure that it is done correctly. The process took a year and cost less than $2,000 because she had hashed out issues with her ex before their divorce proceedings, she said. Ms. McGrady, 55, was glad to have saved thousands of dollars for her own retirement or for her daughter’s future needs. At the time, Ms. Steele, a senior design manager at Atlassian, a software company, had little disposable income and no children. She had been married for 10 years when, she said, “the wheels started to fall off.” She filed for divorce, which was finalized six months later.

Persons: Vanessa McGrady, ”, “, McGrady, who’s, ” Caitlin Steele, Steele Locations: California, Seattle, San Francisco

☆ If you get sued for an AI-generated creative work, OpenAI says it will protect you while Anthropic says you're on your own
▼ + stars: | 2023-11-14 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

At its first ever developer's day conference earlier this month, OpenAI tried to tackle the situation head on by announcing Copyright Shield. That's a promise that OpenAI will pay the legal fees of its business customers in the event they're sued for something they made using its products. "We can defend our customers and pay the costs incurred if you face legal claims around copyright," said OpenAI CEO Sam Altman in his keynote speech. But OpenAI rival Anthropic, founded by former OpenAI researchers and backed by billions of dollars from investors like Google and Amazon is taking a different approach. But to the extent that liability does exist, Anthropic says it's the person using the product that bears the blame.

Persons: Anthropic, it's, OpenAI, Sam Altman, Janel Thamkul, Thamkul, Erika Fisher, Fisher, I'm, they've, Darius Rafieyan Organizations: New York Times, Business, Google, United States Copyright, Sega Enterprises, Accolade, Sega

☆ Atlassian sinks despite better-than-expected results and in-line forecast
▼ + stars: | 2023-11-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Atlassian shares plummeted 9% in extended trading Thursday despite better-than-expected earnings and revenue from the software maker and a forecast that met Wall Street's expectations. Atlassian's net loss widened to $31.9 million, or 12 cents per share, from $13.7 million, or 5 cents per share, a year earlier. The company said it had more than 265,000 customers at the end of the quarter, up from more than 260,000 in June. For the fiscal second quarter, Atlassian called for revenue between $1.01 billion and $1.03 billion. The guidance doesn't factor in impact from Loom, which should become part of Atlassian in the fiscal third quarter.

Persons: Atlassian, StreetAccount, Cameron Deatsch, Deatsch, Aneel Organizations: LSEG, and Data Locations: Atlassian

☆ AI, weight loss drugs and more: Portfolio manager names stocks to play 'new secular growth themes'
▼ + stars: | 2023-10-24 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

And then you overlay on top of that the emergence of two or three brand new secular growth themes," he said. CNBC Pro takes a look at the stocks he likes in three "brand new" areas of growth: obesity drugs, reshoring and artificial intelligence. Reshoring infrastructure Ayer sees bright spots in the reshoring theme too. The portfolio manager named tech giant Amazon as a good play of the AI wave. The way Ayer sees it, more companies in the U.S. are foraying into AI right now, compared to those in other parts of the world.

Persons: Sanjay Ayer, Ayer, He's bullish, —, Christina Cheddar Berk, Carmen Reinicke, Julie Coleman Organizations: CNBC Pro, WCM Investment Management, Equity Fund, Nordisk, Novo Nordisk, U.S . Food, Drug Administration, Tetra Tech, Canadian, Canadian Pacific, U.S Locations: U.S, China, Japan, India

☆ This startup wants to help you continue to work from home — just not your own
▼ + stars: | 2023-10-19 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

The home-exchange startup Swapdesk is targeting remote workers who can temporarily trade places. It was the push he needed to start a business that helps remote workers find comfortable, quiet places to set up shop. AdvertisementAdvertisementThe benefit of Swapdesk, Boening said, is that trading a home is far less expensive than staying in a hotel or a short-term rental in a major city. Swapdesk, which is based in Toronto, is among the companies focusing on remote workers , particularly in areas like tech. Swapdesk's focus on serving remote workers comes as more CEOs have called employees back to the office , at least part of the time .

Persons: —, Allen Boening, Swapdesk, it's, Boening, Herman Miller, Ken, Rory Fairweather, Atlassian, they're, who's, Fairweather, Swapesk Organizations: Service, Amazon, Google, Microsoft Locations: London , New York, Paris, Toronto, New York City, Copenhagen, London

☆ Atlassian to buy video messaging provider Loom for nearly $1 billion
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Atlassian (TEAM.O) said on Thursday it had agreed to acquire privately held video messaging platform Loom for about $975 million, beefing up its team collaboration tools to tap into resilient demand fueled by the adoption of hybrid work. Integration of Loom's technology into Atlassian software such as collaboration tools Jira and Confluence will help users use video in their workflows. The acquisition of Loom, which has more than 25 million users globally, will enable customers communicate and collaborate more effectively, Atlassian said. Loom, which counts Sequoia, Kleiner Perkins and a16z among its investors, makes tools that help users record their screens, camera and microphone to make and share videos. The deal is expected to close in the quarter-ending March 2024 and will be funded with existing cash balances, Atlassian said.

Persons: Atlassian, Kleiner Perkins, Akash Sriram, Shailesh Kuber Organizations: Thomson Locations: Australia, Bengaluru

☆ This in-demand remote job pays up to $250 an hour and doesn’t require a degree
▼ + stars: | 2023-10-08 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

If you want to earn six figures while working from home, consider a job in marketing. Even three years later, that demand shows no signs of abating: Marketing managers are among the fastest-growing careers in the U.S., according to LinkedIn. Job boards FlexJobs and Freelancer.com are also seeing a boom in the number of remote, hybrid and freelance marketing roles. The number of jobs for marketing managers is expected to grow 6.6% over the next decade, the Bureau of Labor Statistics reports — faster than the average for occupations overall. Skills worth six-figure salariesWhile some marketing jobs require candidates to have a bachelor's degree, it's not a requirement to build a successful career as a remote marketing manager.

Persons: it's, Toni Frana, FlexJobs, Frana Organizations: of Labor Statistics, Google Locations: U.S, Atlassian

☆ Australia will be home to the world's tallest timber tower
▼ + stars: | 2023-10-04 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +4 min

CNN —Western Australia may soon be home to the world’s tallest wooden building, after authorities in Perth green-lit plans for a 191.2-meter-tall (627-foot) “hybrid” tower constructed using mass timber. The developers say 42% of the proposed tower will be constructed from timber, with the columns and core made of reinforced concrete. If completed, the high-rise will surpass the world’s tallest timber-concrete hybrid building, the Ascent tower in Milwaukee, Wisconsin, which stands at 25 stories or 86 meters (284 feet), according to the Council on Tall Buildings and Urban Habitat. Like Atlassian, the proposed C6 tower will combine laminated timber beams with a steel exoskeleton to support the the structure. Video Ad Feedback A short history of the world's tallest buildings 04:24 - Source: CNNBeyond using timber, Grange’s plan also includes green features such as a rooftop garden, an urban farm and resident access to 80 new fully-electric Tesla Model 3s.

Persons: ” Grange, James Dibble, ” Dibble, Philip Oldfield, ” Oldfield, “, Oldfield, ” Organizations: CNN, Grange Development, Western, Tesla, University of New, University of New South Wales ’ School, Built Locations: Western Australia, Perth, Milwaukee , Wisconsin, South Perth, Sydney, Grange, “, University of New South

☆ Return to Office Mandates Are Making Remote Jobs Impossible to Find
▼ + stars: | 2023-09-26 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

That's more than twice as frenzied as the rush for remote jobs at the beginning of last year. And third, there's been a dramatic slowdown in tech, the industry that supercharged the boom in remote work. The few remaining employers that continue to offer remote jobs have been overwhelmed by the surge of interest. AdvertisementAdvertisementWith so few openings, candidates for remote jobs are being forced to hustle like never before. The dream of remote work, it appears, will soon be more remote than ever.

Persons: That's, Ashlee Anderson, there's, Angel Medina hasn't, it's, he's, He's, It's, Medina, Atlassian, —, Barbara Matthews, Lisa Nielsen, Slack, they're, Matthews, Anderson, we're, Aki Ito Organizations: Cribl, Harvard, Verizon, Google, subreddits, Meta, Comcast Locations: Ohio, Cribl

The company introduced the Surface Laptop Studio 2 and the Surface Laptop Go 3, and unveiled enterprise availability for Microsoft 365 Copilot, its supplemental AI tool for core productivity apps such as Word and Excel. The Surface Laptop Studio 2 starts at $1,999, while the Surface Laptop Go 3 starts at $799. Surface Laptop Studio 2Microsoft Surface Laptop Studio Courtesy: MicrosoftThe Surface Laptop Studio 2 has a similar look and feel to the original model that launched in 2021. Surface Laptop Go 3Microsoft Surface Laptop Go Courtesy: MicrosoftThe Surface Laptop Go 3 is the latest update to Microsoft's entry-level laptop. The laptop starts at $799, an increase from the $599 starting price of the Surface Laptop Go 2.

Persons: Satya Nadella, Panos Panay, Aaron Woodman, Copilot, Woodman, you'll, It's, Sainsbury, Intel Iris, Brett Ostrum, Microsoft's, Ostrum, it's, Frank Buchholz Organizations: Microsoft Microsoft, Microsoft, Google, Microsoft's, Monday Microsoft, Bing, Windows, Carter, Intel, Nvidia, Laptop, CNBC Locations: New York, Panay

☆ I was laid off twice and ghosted more times than I can count. After heading down a dark spiral, here's how I bounced back.
▼ + stars: | 2023-09-19 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Alex Cheney was laid off from recruiting roles at Sendoso and Atlassian within one year. My first layoff happened in June 2022 when Sendoso went through its first job cuts of the pandemic. I signed an offer with Atlassian two weeks after my Sendoso layoff and started one month later. I had just started working on process improvement — another one of my biggest passions — when I was laid off. AdvertisementAdvertisementThe few calls that I did schedule led to black holes where I was ghosted — I've been ghosted more times than I can count.

Persons: Alex Cheney, Alex, It's, Sendoso, I've, I'd, it's, hadn't Organizations: Service, Companies, LinkedIn Locations: Wall, Silicon, La Quinta , California, Robinhood, North America, New York City

☆ Bernstein says this software development firm can grow sales by eight times current levels
▼ + stars: | 2023-09-12 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

GitLab could be a winner in the evergreen software space, according to Bernstein. The firm initiated coverage of GitLab stock with an outperform rating as well as a $62 per share price target. According to the analyst, GitLab operates in a duopoly with Microsoft-owned GitHub, with both companies sharing roughly 70% and increasing market share of cloud development Gits, or code repositories. "GitLab's opening is to become the "Switzerland" platform for CI/CD development pipelines — a durable and large market position," Weed said. Still, the firm noted market constraints on Gitlab's pricing power and product expansion options, noting competition from GitHub, Australian software firm Atlassian and potentially Datadog.

Persons: Bernstein, Peter Weed, GitLab, Weed, — CNBC's Michael Bloom Organizations: Microsoft Locations: Switzerland, GitHub

☆ Andrew Bialecki built Klaviyo into an email titan by breaking all the norms. Now he's taking it public as its largest shareholder.
▼ + stars: | 2023-09-01 | by ( Melia Russell | ) www.businessinsider.com time to read: +8 min

Andrew Bialecki is preparing to take Boston startup Klaviyo public eleven years after founding it. Bialecki, who cofounded the marketing tech company in 2012, owns more than a third of Klaviyo, according to the company's recent S-1 filing. In the last eleven years, the 37-year-old has quietly built the hottest Boston startup you've never heard of. For comparison, HubSpot's Brian Halligan and Toast's Chris Comparato reported salaries of roughly $240,000 before taking their Boston startups public. Bialecki has also sold few shares of Klaviyo in inside rounds, according to two people familiar with the company's financials.

Persons: Andrew Bialecki, Jason Lemkin, Peter Walker, Klaviyo, Yankee frugality, Barry Chin, Ed Hallen, Hallen, Bialecki, Alexa von, TJ Mahony, he's, Elias Torres, Bootstrapping, Jon Karlen, Karlen, Mahony, Alex Clayton, frugality, HubSpot's Brian Halligan, Toast's Chris Comparato Organizations: Boston Globe, Getty, MIT's Sloan School of Management, Capital, Harvard University, Predictive Technologies, Fortune, Red Sox, Meritech Capital, Boston, Black, Patriots Locations: Boston, Coast, Bialecki, Washington, DC, Klaviyo, Braze, Miami

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