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Engineer Ikuhiro Ihara was fired from Twitter the night before Thanksgiving. Before I was fired, I was the tech lead for the Twitter home timeline modeling team. When Musk took over Twitter, I was actually excitedI believed Twitter was – and may still be – on a path to a slow death. The "reviews" ended up being a team-wide presentation of what each team does – and it took Musk until midnight to make it to my team. I really wanted to witness how Musk will operate and change the course of Twitter 2.0, but I was just an employee.
Musk is currently the CEO of three different companies: SpaceX, Tesla, and, of course, Twitter. But like many CEOs, he's accumulated a huge fortune by juggling several companies and directorships at once. While Musk may be an extreme case, he's also the perfect example of the modern CEO: a chaotic blend of unproductive micromanagement and highly-paid absenteeism. In the extreme, some CEOs like Musk have taken on the management of multiple large companies. And Musk isn't the only executive who would be better served focusing on one task.
Elon Musk said he has too much work on his plate. At a virtual Q&A at the G20 Summit, Musk said he works from "morning to night, seven days a week." In a virtual interview at the G20 summit in Indonesia on Monday, Musk talked about how his workload has changed since his $44 billion acquisition of Twitter. Musk, who's also the CEO of Tesla, talked about running Tesla's global operations, noting that he runs the electric vehicle manager "with great difficulty." In a 2015 interview with The Wall Street Journal, Musk described himself as a "nano-manager" who was obsessed with "product-related issues."
Patrick Pleul/Getty Images; Vicky Leta/InsiderLate Thursday, Elon Musk began his much-anticipated mass layoffs at Twitter. The layoffs are part of a new culture that Musk has unleashed at the company. But now, this person said, the company's new workaholic culture is "psychologically unsafe" and has "Elon's stamp all over it." How Gen Z is shaping the workplace. They're happier, they have a lot more confidence, and they feel like they're able to conquer a lot more than before."
For the first time, I considered the possibility of being a stay-at-home mom. There was nothing wrong with being a stay-at-home mom in general. Losing the ability to make money felt like sacrificing the last bit of my usefulness. As a stay-at-home mom, I had time to visit my psychiatrist and start weekly therapy while also spending time with my kids. The value I gained as a stay-at-home mom is so much greater than what I found when I limited myself to being a workhorse.
"I had suspicions a layoff would happen, but the CMO seemed very positive about building a marketing team at the company, so I didn't let my thoughts wander for long," Baird told Insider. "Getting laid off so many times has made me hesitant about taking another full-time job in the near future," she told Insider. "Posting it on TikTok was the best thing I could have done, it got me real support emotionally," she told Insider. And as businesses reiterated just how much they need workers, those workers expectations' changed, too. Nhon N., a 24-year-old recruiter who documented life after her layoff, told Insider that she's still a "struggling workaholic" who puts "too much heart" into her work.
Worklife Ventures holds weekly meetings for its portfolio company founders to seek advice from successful Silicon Valley operators. You have to have an eye out for people and for new tools," Kimmel said. Worklife Ventures is betting on good returns from its 50 investments in startups, and with nine of them as unicorns, the stakes are high. With venture funds typically having a 10-year life cycle before investment returns are tallied, Worklife Ventures still has a ways to go. Join us October 25 - 26, 2022 for the CNBC Work Summit — Dislocation, Negotiation, and Determination: The World of Work Right Now.
Julian Sarafian, a graduate of University of California, Berkeley and Harvard Law School, quit his $200,000-per-year job in 2021 to manage his anxiety and depression. In 2018, after graduating from Harvard Law School, I landed my dream job at a top law firm in California. But here's the biggest downside of success that no one talks about: the deep anxiety — and eventual depression — that often goes ignored. From Harvard Law to severe anxiety and depressionMy grandmother and I were very close. When the pandemic hit in 2020, my mental health spiraled even more, and I found myself unable to keep up with my workaholic habits.
“I don’t know what it’s like to be away from the venture…I am always thinking about it,” one entrepreneur says. Illustration: Pete RyanThe idea of the workaholic entrepreneur is so common that it is a cliché. To be a success, entrepreneurs must be devoted to their business, especially if they are working alone. So, they put in long hours—often unreasonably long hours—even at the short-term expense of their health, their friends and their family.
Her job in Atlanta, Georgia, came with a lot of perks, but it also felt grueling. After traveling to about 40 countries, Wynter settled in Lisbon, Portugal, in mid-2020, to live "my most freeing life," she says. Sharolyn Wynter says she immediately fell in love with Lisbon her first time visiting the city on vacation in 2017. Living 'my most freeing life' in Lisbon"This is the moment in my life when I've made the least amount of money," Wynter says. The article "Millennial in Atlanta Quits $180,000 Job, Moves to Lisbon: ‘You Get a Lot of Bang for Your Buck Here’″ was originally published on Grow (CNBC + Acorns).
According to Brandy Melville employees, CEO Stephan Marsan wants his staffers to be young, thin, pretty, and white. But to secure their spot in the world of Brandy Melville, employees at all levels said they had to endure — and often enforce — Marsan's beliefs. Hollis Johnson/InsiderIn late September 2017, Stephenie Legros, who is Black, was nearing her first anniversary as a Brandy Melville employee. Brandy Melville USA/InstagramSeveral former employees mentioned the behavior of Longo, the brand's top executive alongside Marsan while Brandy Melville gained footing in the US. Brandy Melville USA/Instagram"Every year that goes by, the beauty standard is shifting a little bit," a Black woman who worked at Brandy Melville from 2016 to 2019 said.
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One of those original viewers was Jimmy Kimmel, who had started hosting his Jimmy Kimmel Live show and found an affinity for the comedic actor. An executive had been badgering Kimmel for a television show to pitch, which started as scrounged together clips from the web and Jimmy Kimmel Live. Andy joined Twitch and pioneered the world of IRL streamingIn 2016, Milonakis started to gain renewed attention with his Twitch streams. "I really do love the ability to be my own boss and fly all over the world and stream it live," Milonakis said. And when I do really weird, crazy shit, I feel like people don't expect that of me."
After his electric truck startup debuted on the New York Stock Exchange Friday, Thomas Healy became both the youngest CEO of a publicly traded company and one of America's youngest self-made billionaires. Healy has an estimated net worth of $1.6 billion, per a Business Insider analysis. In an exclusive interview with Business Insider, Healy shared what it's like to become a billionaire overnight. Now that Healy is the youngest CEO of a publicly traded company in the US and among its youngest self-made billionaires, it seems like he can barely believe it himself. "I think the best word I can use to describe it is surreal," Healy told Business Insider.
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