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Tech Sector Drives Record Layoffs in 2023

Allwork

According to a report published by Yahoo Finance , this surge, which was the highest since 2020, was led by high-profile tech layoffs from giants like Meta and Amazon. More specifically, the tech sector is reported to have experienced a 73% increase in job cuts — closely mirroring the record highs of 2001.

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How To Hire And Manage Freelancers, According To Experts

Allwork

In a survey published in 2020’s “ Building the On-Demand Workforce ” report from the Harvard Business School and Boston Consulting Group (BCG), 60% of business leaders said they expected to increasingly “rent” “borrow” or “share” talent with other companies. In 2020, more than a third of Americans freelanced — up 22% from 2019, CNBC reports.

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How to Stay Motivated While Job Hunting During the Holidays This Year

Success

Emphasize your transferable skills. On your résumé and during interviews, highlight transferable skills that will help you add value to an employer with potentially changing business objectives. Transferable skills typically fall into 1 of 3 categories: systems-oriented, people-oriented or self-oriented. See chaos as a ladder.

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Lessons From Past Recessions

Success

The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Instead of watching what the market does daily, spend some time tending to your finances so you know where you stand. As part of your financial plan, consider the following: Review your finances.

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Why (and How) to Help Your Team Self-Manage in the Future of Work

Success

A 2020 study of 28 companies revealed that 100% of organizations with decentralized management structures experienced positive market-cap growth, while only 33% of companies with traditional structures could say the same. Building self-management skills in your team. Encourage team members to embrace self-expression.

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How to Prepare for a Recession

Success

Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. Develop your skills and education. Consider the changes you would need to make and any skills that would make finding a new job easier.

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Are You Ready to Hire a Virtual Assistant?

Success

In its fourth quarter of 2020 and first quarter of 2021 financial reports—while many other companies were experiencing layoffs and frantically downsizing—BELAY announced record-breaking numbers. There are so many moving parts: the finances, the sales, the marketing, the billing. The choice to send workers home felt temporary in 2020.

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