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☆ The cushy Big Tech job is dead
▼ + stars: | 2024-02-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +10 min

Hopping from one mid-six-figure salary job in Big Tech to the next? More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.

Persons: I’ve, gainfully, Hacker, it's, Layoffs.fyi, Elon Musk, nix, Meta, Elon Musk's, Winni, you’re, they're, Aline Lerner, ” Lerner, “, Lerner, it’s, ” Organizations: Federal Reserve, Business, Big Tech, Tech, Google, Microsoft, ” Tech, Twitter, Menlo, Elon, The Washington Post, Getty Images Tech, “, Department of Education Locations: Big, LeetCode

☆ Big Tech workers come to grips with 'ZIRP,' as job anxiety grips a once cushy industry
▼ + stars: | 2024-02-16 | by ( Kali Hays | ) www.businessinsider.com time to read: +10 min

“Honestly, sometimes lately, I’ve thought my entire career is a ZIRP,” a tech worker recently reflected. More tech workers get laid offOver the last 18 months, tech workers say it's felt difficult to stay employed as round after round of layoffs have swept Big Tech and the broader industry. The tech job market got tougherTo add insult to injury, keeping a job in tech isn’t the only thing that’s more difficult. Aline Lerner, a former tech engineer and founder of interviewing.io, a site for tech recruiting and mock interviewing for tech job seekers, said it's now much more difficult to land a tech job, particularly at a high-profile or Big Tech company. “Anecdotally, I’d say it’s the hardest it’s been to get a tech job since probably the dot-com bust," Lerner said.

☆ Pressure grows on US Treasury to salvage trucking giant Yellow
▼ + stars: | 2023-11-08 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

THE TAKERepublicans and Democrats pushing Treasury could benefit Jack Cooper, one the largest U.S. privately owned auto transport companies, making its long-shot bid to rescue Yellow from bankruptcy liquidation more likely. Making Yellow’s "loan repayment terms more flexible, is a commonsense step to keep Yellow’s trucks on the road, and keep its workforce gainfully employed," he wrote. Yellow's assets include 12,000 trucks and 35,000 trailers, along with hundreds of terminals, according to its bankruptcy court filing. Yellow said in its bankruptcy filing it had $2.15 billion in assets and $2.59 billion in debt. WHAT'S NEXTA final decision by Treasury on whether it will extend the loan is expected this month, as the bankruptcy proceeds to a potential sale of assets.

Persons: Mike Blake, Josh Hawley, Trump, Roger Marshall, Sherrod Brown, Bob Casey, Elizabeth Warren, Ed Markey, Jack Cooper, Jack Cooper's, Hawley, gainfully, Biden, Jarrett Renshaw, Heather Timmons, Matthew Lewis Organizations: U.S, U.S . Treasury, Republicans, Democrats, Reuters, Treasury, Republican, Democratic, Walmart, International Brotherhood of Teamsters, Thomson Locations: Mexico, San Diego , California, U.S, Philadelphia

☆ Are liberal arts degrees worthless? 'Employers don't care what you major in,' says career expert
▼ + stars: | 2023-09-05 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

I'm living proof you don't need a certain college major to do alright in life. The question of whether your college major matters (if you even have one) is similar to the question of whether having a degree at all matters in that the answer is yes and no. When your major really mattersThere are certainly jobs that require specific degrees. But there are also plenty of jobs that don't require specific degrees. If you're like I was and wondering if your major is going to pay off in the long run, fear not.

Persons: — I've, gainfully, I've, didn't, Mark Zuckerberg, Oprah Winfrey, John Legend, Mayim Bialik, she'd, Kouakou, Christine Cruzvergara, Gen, they're, Cruzvergara Organizations: Sarah Lawrence College, University of Pennsylvania, University of California, Quinnipiac University, CNBC Locations: Los Angeles

☆ This 28-year-old ignored warnings about job-hopping and doubled her salary to $186K in 5 years
▼ + stars: | 2023-04-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

In 2019, she got a promotion to a product development role and a salary bump to $89,000. Product manager: $130,000By 2020, El-Amin began talking to former college classmates about moving to a new company. She spoke with a fellow alum who worked at Mastercard, who ended up referring her to a product manager job. Technical product manager: $186,000 plus a $29,000 signing bonusBy May 2021, El-Amin was looking to change course again. "I was probably a little too overly confident that I could just easily land another role as a product manager."

☆ India's Oyo lays off 600 employees as part of 'wide ranging' reorganisation
▼ + stars: | 2022-12-03 | by ( Rhea Binoy | ) www.reuters.com time to read: +1 min

Dec 3 (Reuters) - Softbank-backed Indian hotel aggregator Oyo Hotels and Homes Pvt Ltd said on Saturday it ins cutting 600 jobs in its corporate and technology departments. India's IPO-bound Oyo will cut 10% of its 3,700-employee base, while at the same time hiring 250 people, it said in a statement. Oyo Hotels first filed to go public in October 2021 but it has delayed the share sale due to market conditions. The company reported a net loss of 3.33 billion Indian rupees ($40.90 million) in the second quarter of the financial year compared with a loss of 4.14 billion rupees in the first quarter. ($1 = 81.4100 Indian rupees)Reporting by Rhea Binoy in Bengaluru, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

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