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Online furniture seller Wayfair is cutting about 1,650 jobs, or 13% of its global workforce. Wayfair announced its latest job cuts Friday. Political Cartoons View All 253 ImagesFriday’s job cuts are expected to bring annualized cost savings of more than $280 million, Wayfair said. The Wall Street Journal first reported on Macy's layoffs and planned store closures Thursday, citing an internal memo and people familiar with the situation. Job cuts have taken a toll on workers across various industries — including retail, tech, media and hospitality — over the last few years.

Persons: Niraj Shah, ”, Wayfair, Macy's Organizations: —, Wayfair, Associated Press, New, Macy's Inc, Street Journal, Google, Hasbro, LinkedIn Locations: New York, Arlington , Virginia, Ballston, Leandro , California, Lihue, Hawaii, Simi Valley , California, Simi Valley, Tallahassee , Florida

☆ Wayfair lays off 13% of its workforce weeks after telling employees to work harder
▼ + stars: | 2024-01-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Wayfair is laying off 1,650 employees, amounting to 13% of its global workforce, as the online home goods retailer struggled to rebound following its success amid pandemic lockdowns. “I believe we need to stay focused as a company on what committed small teams can accomplish,” Shah wrote Friday. All workers will receive an email Friday about their future with the company and severance will be offered to those affected. Late last year, Wayfair’s Shah garnered attention for his blunt year-end letter to his employees telling them to blend work and life together. Shah also encouraged Wayfair employees to think of the company money they spend as their own and negotiate prices.

Persons: New York CNN —, Niraj Shah, Wayfair “, Shah, “, ” Shah, Wayfair, Wayfair’s Shah, ”, CNN’s Nathaniel Meyersohn Organizations: New, New York CNN Locations: New York, Boston

☆ Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce
▼ + stars: | 2024-01-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +10 min

Wayfair said on Friday that it was cutting 13% of its global workforce, or around 1,650 workers. This came only weeks after CEO Niraj Shah sent a companywide email saying Wayfair was "back to winning" but also warning that staff should be careful with its money. AdvertisementNorth American staff would receive an email shortly letting them know whether their roles had been affected, while laid-off staff in Europe had already begun discussions with HR about the next steps, Shah said. Read the full email Shah sent to Wayfair staff below. First, I want to be clear that there are many things at the company that are going well.

Persons: Wayfair, Niraj Shah, Shah, we've, you'll, Covid, – Organizations: Talent, Covid Locations: Europe, North America, Wayfair

☆ Tech startup Jellysmack laid off staffers in the US and France last month. Read the memo its CEO sent to employees about the restructuring, which includes a focus on AI.
▼ + stars: | 2024-01-19 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The creator economy startup Jellysmack laid off staffers in the US and France last month, Business Insider has learned. Jellysmack works with creators on distributing their content across platforms like Facebook and Snapchat to earn additional ad revenue, among other initiatives. We have to realign our resources around areas of the business where Jellysmack is seeing the most success. We encourage everyone to support impacted employees by reaching out to your networks to help our colleagues find their next opportunities. Jellysmack Technologies - Led by Robin (interim), this unit will continue to develop self-serve tech solutions that solve the pain points of creators.

Persons: Jellysmack, Snapchat, Michael Philippe, Philippe, Michael Philippe ,, What's, Sean, Axel, , Robin, Michael, Swann Organizations: Business, Facebook, BI, CSE, Works, Our, Jellysmack, Network Media Locations: France, French

☆ Amazon's latest layoffs hit its Buy with Prime unit
▼ + stars: | 2024-01-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is laying off about 30 employees in its Buy with Prime unit, CNBC has learned, as it continues to look for ways to trim costs. The cuts affect fewer than 5% of staff in the Buy with Prime division, Amazon said. Buy with Prime is a service that lets online stores offer the same two-day shipping benefits available to Prime subscribers. Amazon said it's assisting Buy with Prime employees who were laid off in finding new roles elsewhere within the company. WATCH: Amazon lays off hundreds of roles across Twitch, Prime Video and MGM Studios

Persons: we've, Santos, Peter Larsen, Amazon Organizations: CNBC, Amazon, Prime, MGM, Google, Xerox, Unity, Employees, MGM Studios

NEW YORK (AP) — Franz Welser-Möst is back on the Cleveland Orchestra's podium, concentrating again on music instead of his health. Political Cartoons View All 253 ImagesWelser-Möst had surgery Sept. 1 to remove a cancerous tumor from his bladder and came back to Cleveland to conduct the orchestra's season opener on Sept. 28. Both are very well now, so there’s every reason to be optimistic.”Welser-Möst has been Cleveland's music director since 2002-03 and has appointed 69 musicians, including 52 of the current 105 members. And in those days, of course, I was like: How on earth is he doing that?”Welser-Möst first conducted the Cleveland Orchestra in 1993 and became music director for the 2002-03 season. On the afternoon of his return concert on Jan. 11, he announced he will retire as music director at the end of 2026-27, his 25th season.

Persons: — Franz Welser, “, George Szell, ”, Verdi's, Möst, André Gremillet, Franz Leopold Maria Möst, Baron Andreas von Bennigsen, Herbert von Karajan, Karajan, Albert Moser, Vienna’s, “ I’d, wasn't, “ I’m, Clive Gillinson, he's, Beethoven's, Strauss, “ I’ve, Riccardo Muti, Gustavo Dudamel Organizations: Cleveland, Cleveland's Severance Music Center, Carnegie Hall, Vienna Philharmonic, Vienna State Opera, Salzburg Festival, Cleveland Orchestra’s, Berlin Philharmonic’s, Karajan, Cleveland Orchestra, Carnegie, ” Carnegie Hall, Chicago Symphony Orchestra, Los Angeles Philharmonic, New York Philharmonic, “ Locations: Austrian, Austria, New York, Naples, West Palm Beach , Florida, Cleveland, Vienna, Linz, Welser, Liechtenstein, Salzburg, Berlin, York, Weimar Republic, Weimar, Zurich, U.S

☆ Janice Y.K. Lee Was Thrilled to Help Adapt Her Novel for Streaming
▼ + stars: | 2024-01-18 | by ( ) www.nytimes.com time to read: 1 min

What books are on your night stand? “Everything/Nothing/Someone” by Alice Carrière, “Everything’s Fine” by Cecilia Rabess, “The Drama of the Gifted Child” by Alice Miller, “Small Things Like These” by Claire Keegan, “Severance” by Ling Ma, “The Future” by Naomi Alderman. What books are you embarrassed to admit you’ve never read? I’m all about emotion and beauty of the language over intellect. I want to weep, not take notes.

Persons: Alice Carrière, Cecilia Rabess, Alice Miller, “, Claire Keegan, “ Severance, Ling Ma, Naomi Alderman, What’s, Sting ”, Paul Murray, Read, you’ve, ”, Ulysses

☆ Posting a TikTok video of yourself getting laid off is good, actually
▼ + stars: | 2024-01-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

A video of a woman filming herself getting laid off from Cloudflare went viral on Tiktok. Over the last year, we've seen similar TikToks of people filming themselves getting laid off. AdvertisementA trend on TikTok that's been simmering for a while but really went mainstream this week has been people (mostly young women) filming themselves getting laid off from their corporate tech jobs. Last week, one in particular made headlines as the young woman getting laid off from CloudFlare pushed back at the HR rep leading the call. It won't necessarily stop you from getting laid off if the ax falls on your department, but demystifying the process is good for workers.

Persons: we've, —, Mickella Simone Miller, Miller, that's, CloudFlare, doesn't, Chloe Shih, it's, Shih Organizations: Service, DMs Locations: Salt Lake City

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

Sen. Bob Menendez and his wife are seeking separate trials on bribery charges they each face in a New York court. Lawyers for Bob Menendez wrote that each spouse should face separate trials so that the senator does not provide information about marital communications during cross-examination that might be damaging to his wife's defense. Several days earlier, the senator's lawyers had asked that charges in the case be dismissed. They added to those requests Monday, calling charges against him a “distortion of the truth.”“Senator Menendez isn’t just ‘not guilty’ — he is innocent of these charges. Senator Menendez has never sold out his office or misused his authority or influence for personal financial gain,” they wrote.

Persons: Sen, Bob Menendez, Nadine, Nadine Menendez’s, ”, Menendez isn’t, ‘, Menendez, “ Organizations: The New, The New Jersey Democrat, Senate Foreign Relations, Prosecutors Locations: New York, The, The New Jersey, Jersey, New Jersey

☆ We're raising our Morgan Stanley price target despite the stock's post-earnings decline
▼ + stars: | 2024-01-16 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Morgan Stanley on Tuesday morning reported an adjusted earnings-per-share beat. MS 1Y mountain Morgan Stanley 1 year Shares of Morgan Stanley were on a five-session losing streak with Tuesday's post-earnings 5% decline. However, Morgan Stanley — and for that matter, Wells Fargo — saw their stocks surge into the end of 2023. Asset management revenue increased 6% from last year, reflecting higher asset levels and the impact of positive fee-based asset flows. Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023.

Persons: Morgan Stanley, Wells Fargo, Morgan Stanley's, Morgan Stanley —, Ted Pick, Morgan Staley, ROTCE, it's, Morgan, Morgan Stanley repurchased, Jim Cramer's, Jim Cramer, Jim Organizations: Revenue, Bloomberg, Federal Deposit Insurance Corporation, Silicon Valley Bank, Morgan, Wealth Management, Investment Banking, FDIC, Institutional Securities, Investment, Equity, Morgan Stanley's Wealth Management, Investment Management, Asset, Capital, CNBC, Bloomberg Television, Getty Locations: Silicon, Wells Fargo —, U.S, New York

☆ Earnings playbook: Your guide to trading this week's biggest reports, including Goldman Sachs
▼ + stars: | 2024-01-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Data compiled by The Earnings Scout shows the early reporters have had no trouble beating earnings expectations so far. Tuesday Goldman Sachs is set to report earnings before the bell, followed by a conference call at 9:30 a.m. What history shows: Goldman exceeds earnings expectations 85% of the time, data from Bespoke Investment Group shows. What history shows: Bespoke data shows PNC tops earnings expectations 75% of the time. What history shows: KeyCorp shares have fallen on four of the last five earnings days, Bespoke data shows.

Persons: Goldman Sachs, Morgan Stanley, Hugh Son, Goldman, James Gorman, Ted Pick, it's, Jefferies, Schlumberger, SLB, Wells, Roger Read Organizations: JPMorgan Chase, Bank of America, Citigroup, Wall, PNC Financial, CNBC, Investment Group, Management, LSEG, PNC, Regional Banking, JPMorgan, UST, Schlumberger Locations: Wells Fargo, Cleveland, Pittsburgh, 3Q23, SLB

☆ Amazon employees fear increased 'quiet firing' tactics and a 'brain drain'
▼ + stars: | 2024-01-13 | by ( Eugene Kim | Ashley Stewart | ) www.businessinsider.com time to read: +9 min

Silent sacking, Garrison told BI, "is how Amazon is going to reduce operational costs without negatively affecting the stock price. Some Amazon employees recently took to Slack to announce their resignations specifically over the return-to-hub policy. Another AWS employee told BI they feel like they are "doing the job of three people." Any suggestion to the contrary is untrue," the Amazon spokesperson said. Are you an Amazon employee or do you have insight to share?

Persons: they're, Justin Garrison, Garrison, wasn't, URA, hasn't, that's, Slack, RTO, we'd, They've Organizations: Service, Amazon, Business, BI, Amazon Web Services

☆ Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
▼ + stars: | 2024-01-12 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's regional banking crisis and CEO Jane Fraser's corporate overhaul. All told, the charges — so massive the bank preannounced their effect this week — hit quarterly earnings by $4.66 billion, or $2 per share, Citigroup said. Excluding their effect, earnings would've been 84 cents a share, the bank said. Revenue: $17.44 billion vs. $18.74 billion expected. Fraser called her company's performance "very disappointing" because of the charges but said Citigroup had made "substantial progress" simplifying the bank last year.

Persons: Jane, would've, Fraser, Mark Mason, Octavio Marenzi, Goldman Sachs, Morgan Stanley Organizations: Citigroup, LSEG, Revenue, Citi, Opimas, JPMorgan Chase, Bank of America, CNBC PRO Locations: Argentina

Robots of all kinds caused a stir on the show floor this week at the annual CES technology trade show in Las Vegas. The types of casino union jobs at risk could look drastically different five years from now, for example, when the Culinary Union's contract ends. We are filling the need in the market and we are bringing specialty coffee to more places.”But Werner said AI poses a real threat to casino union jobs that don’t require face-to-face interaction with customers — housekeeping, food preparation and cooks, for example. That's especially true for a people-pleasing tourist destination like the Las Vegas Strip, where customers expect top-notch service and experiences, including the latest trends in technology. That makes Las Vegas “a good place to test these things and see how customers react to it," he said.

Persons: Roman Alejo, ”, Ted Pappageorge, Pappageorge, “, Bill Werner, ” Pappageorge, Meng Wang, Wang, Werner, Alejo, ” Alejo, James Brooks Organizations: LAS VEGAS, Las, “, Culinary Workers, . Hospitality, Associated Press, University of Nevada, CES, Vegas, Culinary Union Locations: Las Vegas

☆ Citigroup to cut 20,000 employees
▼ + stars: | 2024-01-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +2 min

New York CNN —Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of 2023, its worst quarter in 15 years. The bank expects the reduction in headcount to save $2.5 billion over the long-term. These layoffs are part of Citi CEO Jane Fraser’s years-long effort to cut red tape at the company and boost lagging profits. Citigroup CEO Jane Fraser first announced her sweeping restructuring efforts last September.

Persons: Mark Mason, Jane Fraser’s, Fraser, ”, Manson, Jane Fraser, “ We’ll, ” Fraser Organizations: New, New York CNN, Citigroup, FactSet, Citi Locations: New York, Argentina

☆ Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
▼ + stars: | 2024-01-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower year over year. Wells Fargo also recorded a $621 million, or 17 cents per share, tax benefit. That's a 2% increase from the fourth quarter of 2022 when Wells Fargo posted $20.30 billion in revenue. The decline in net interest income was due to lower deposit and loan balances, but offset slightly by higher interest rates, the bank said. Wells Fargo shares are virtually flat this year after rallying more than 19% in 2023.

Persons: Wells, Charlie Scharf, Scharf, Wells Fargo Organizations: LSEG, Revenue, Federal Deposit Insurance Corporation, Valley Bank, Signature Bank, Wells, Treasury, CNBC PRO Locations: U.S, Wells Fargo

☆ A corporate employee sparked a workplace etiquette debate after posting a 10-minute TikTok seemingly showing herself getting fired
▼ + stars: | 2024-01-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

Read previewA corporate employee is going viral online after she recorded and posted to TikTok a video of herself which appears to show her losing her job. Brittany Pietsch, who goes by the handle @brittanypeachhh on TikTok, posted the video on Thursday in which she seemed to be in a call with HR executives at Cloudflare, a cloud-based security firm. One person on Reddit even commented that she displays good sales skills in the video: "I've seen people saying this may negatively affect her career. Exposing a company online is a 'double-edged sword'Pietch's reaction to have her role terminated and uploading the recording online reflects how younger generations have higher demands and greater expectations for honesty at work. AdvertisementDaniel Space, an HR expert who has worked in the tech industry, shared similar views in a TikTok video , where he said companies may withhold severance pay as a result.

Persons: —, Brittany Pietsch, Pietsch, you've, we've, I've, he's, that's, Matthew Prince, Erica Rivera, I'd, Ben Voyer, Voyer, Daniel Organizations: Service, Business, LinkedIn, Google, Gen Locations: Brittany

☆ As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
▼ + stars: | 2024-01-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Jackyenjoyphotography | Moment | Getty ImagesThe start of 2024 has not been kind to workers in industries that opened the year with layoffs. Recent U.S. Department of Labor data shows layoffs have been hovering near historic lows — and experts say getting laid off no longer has the same stigma it once did. The following steps can help you shore up your finances and kick-start your job search. Calculate severance pay, unused time offYou may receive a severance package from your employer or get paid for unused time off. If you're able to find a new job quickly, you may be able to bank the severance pay, he noted.

Persons: Twitch, Scott Dobroski, Ted Jenkin, Atlanta . Jenkin, Vicki Salemi, Salemi, Jenkin, Dobroski, We've Organizations: Google, MGM Studios, Tech, Citigroup, U.S . Department of Labor, CNBC, Finance Locations: Atlanta .

☆ Amazon lays off more than 500 employees in its Twitch unit
▼ + stars: | 2024-01-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Last March, Twitch let go of roughly 400 staffers, and it cut some employees in its customer experience division last October. Amazon has undergone the largest layoffs in its history, cutting 27,000 employees since 2022. The cuts have been ongoing, with Amazon announcing layoffs in its Prime Video and MGM Studios units on Wednesday. So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we're at today. If your role is affected by this decision and you live in the US, Canada, Brazil, Mexico, or Singapore.

Persons: Twitch, Emmett Shear, Clancy, Doug Scott, Laura Lee, we've, you've, Lauren Nunes, Dan Organizations: Amazon, MGM Studios, Clancy, Team Locations: Canada, Brazil, Mexico, Singapore, Twitch

☆ Donald Trump wants to deliver his own NY fraud-trial closing arguments, but the judge would have to let him
▼ + stars: | 2024-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump wants to deliver part of his NY fraud trial closing statements himself, ABC News reported Tuesday. Under state civil-practice rules, defendants can help make closing arguments with court approval. AdvertisementFormer President Donald Trump wants to deliver part of his New York fraud trial closing arguments himself on Thursday, ABC News reported. There would be little downside for the judge in approving Trump's request, he added, noting, "He'd never be reversed on appeal over this." AdvertisementIn delivering closing arguments, Trump would be bound by the same rules as an attorney would, Kuby said.

Persons: Trump, —, Donald Trump, Arthur Engoron, Alina Habba, Ron Kuby, Engoron, Kuby, He'd, Michael Farkas, it's, Farkas, Letitia James, James, Allen Weisselberg, Jeff McConney Organizations: ABC News, Service, New, Trump, New York Law, Civil, New York, Trump Organization, Trump Org Locations: York, New York City, New

☆ Earnings playbook: Your guide to the biggest reports this week, including JPMorgan
▼ + stars: | 2024-01-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Friday UnitedHealth is set to report earnings before the bell, with a conference call scheduled for 8:45 a.m. JPMorgan Chase is set to report earnings before the market opens. Management has said it will disclose severance costs and job cuts along with fourth quarter earnings." Delta Air Lines is set to report earnings before the bell, followed by a call at 10 a.m. What history shows: Bank of America beats earnings estimates 79% of the time, per Bespoke.

Persons: Wells, John Butters, Butters, UNH, UnitedHealth, CVS, JPMorgan Chase, Hugh Son, Jane, DAL, Leslie Josephs Organizations: JPMorgan Chase, Citigroup, Bank of America, Delta Airlines, CNBC, LSEG, JPMorgan, First, Management, Delta Air Lines, CNBC CNBC, Delta Locations: Wells Fargo

☆ Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
▼ + stars: | 2023-12-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook. Nike now expects full-year reported revenue to grow approximately 1%, compared to a prior outlook of up mid-single digits. Those costs are mostly related to employee severance costs, Nike said. During Nike's fiscal second quarter, it posted a strong earnings beat, indicating its cost-savings initiatives were already underway. Sales rose about 1% to $13.39 billion, from $13.32 billion a year earlier.

Persons: Matthew Friend, Friend, didn't, Armour Organizations: Nike, EMEA, Oregonian, LSEG, Adidas, Brands Locations: Thursday's, Greater China, Nike's, DSW

☆ Yes, it can suck to work for 'The Man.' But so can working for yourself!
▼ + stars: | 2023-12-10 | by ( Henry Blodget | ) www.businessinsider.com time to read: +5 min

Read previewI gather that some Gen Zers are so appalled by the working woes of millennials that they've sworn off working for "The Man" and, instead, plan to go into business for themselves. AdvertisementI started a company, Business Insider, 16 years ago — and, before that, for many years, I worked "for myself," as a freelancer, blogger, and consultant. In fact, there's no better way to appreciate the joys of a steady paycheck from "The Man" than going into business for yourself. Put it that way, and working for The Man doesn't sound so bad! This includes both working for yourself and working for The Man.

Persons: —, they've, Slack, you've, Elon Musk, Jensen Huang, Elon, Jensen Organizations: Service, Business, Nvidia

☆ I'm a former Microsoft VP of HR. Here's what I would do in the first 48 hours of being laid off from a job.
▼ + stars: | 2023-12-07 | by ( Chris Williams | ) www.businessinsider.com time to read: +11 min

Chris Williams was the VP of HR at Microsoft and is now an advisor and consultant. It's everything I've learned about how a company can make a layoff work for everyone involved as much as it can. You'll be told you're laid off, and almost instantly, there will be a flurry of paperwork shoved at you. Of course, they know you're only reaching out because you're out of work. Yes, of course, you should consider applying for jobs from people you don't know, but never sell your connections short.

Persons: Chris Williams, Williams, —, I've, I'm, we've, Read, You'll, There's, I'd, It's, They'll Organizations: Microsoft, Service, Spotify, LinkedIn

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