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☆ 'Unbossing' the workplace could make Gen Zers better at their jobs, hiring experts say
  + stars: | 2024-06-03 | by ( Lindsay Dodgson | ) www.businessinsider.com   time to read: +5 min
Read previewThe great unbossing is underway, with companies cutting middle management positions. Cost cutting, Gen Z's distaste for management , remote working, and increased pressure on performance are all factors in why middle managers are finding their jobs are most at risk during layoffs. She said that not having a micromanager picking apart their work could benefit Gen Zers who don't feel they need to be "spoon-fed." Doing it rightThose who are skeptical of companies axing middle managers say it could mean junior staff won't receive the mentorship needed to climb the ladder. Camberato said staffers of all generations, from Boomers to Gen Zers, need to evolve, "especially as technology advances."
Persons: —, Sophie O'Brien, O'Brien, Zers, micromanagers, they'll, We're, Catherine Rymsha, The University of Massachusetts Lowell, Rymsha, Joe Camberato, Camberato, Gen Zers Organizations: Service, Business, The University of Massachusetts, Business Capital, Boomers
☆ Truth Behind Tech Industry's Fake Work Problem: Bad Managers, Bosses
  + stars: | 2023-07-10 | by ( Hugh Langley | Grace Kay | ) www.businessinsider.com   time to read: +19 min
The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.
Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's
☆ The notion of 'fake work' or coasting in the tech industry has a long history, but experts say it's just an 'excuse for bad management'
  + stars: | 2023-03-26 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Tech workers have been accused of "coasting," as well as "resting and vesting" in the past. Experts said the notion of fake work is part of a larger issue in the industry and often an excuse. People have long accused tech workers of failing to pull their weight — they've just had different names for it over the years. These claims are shedding light on larger management issues and internal problems within major tech companies, experts told Insider. And while some experts say a certain level of "fake work" is a natural part of the boom-and-bust cycle in tech, not all agree.
☆ Salesforce CEO asks if tech execs should 'unleash' their inner Elon Musk. Experts say that's an awful idea.
  + stars: | 2023-03-05 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Scott Latham, a strategic management professor at the University of Massachusetts Lowell, called Musk's leadership "incredibly dysfunctional." He said he's never seen a company recover from the type of drastic cuts Musk initiated at Twitter. "Every CEO in Silicon Valley has looked at what Elon Musk has done and has asked themselves, 'Do they need to unleash their own Elon within them?'" If you're going to have a successful company, you need good employees and good employees typically have options. "If more companies start treating their employees like Musk has, that would be a very grim future," Alon-Beck said.
☆ Premarket stocks: Share buybacks could beat last year's record $1.2 trillion
  + stars: | 2023-02-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
Companies have announced about $175 billion worth of planned stock buybacks so far this year. This year will likely be the first with at least $1 trillion in completed S&P 500 company buybacks, said Howard Silverblatt at S&P Dow Jones Indices. ▸ GM (GM) just inked an exclusive deal for the hottest product in automaking: Semiconductors. The strong dollar is hurting multinationalsThe rip-roaring dollar cut deeply into the earnings of multinational companies selling their wares overseas last quarter. “We got hit with that.”McDonald’s (MCD) and 3M (MMM) also said in earnings reports that they were worried that the strong dollar would affect future sales.
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