Planned Layoffs Have Quadrupled This Year - Are Remote Workers Being Targeted?
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Күн бұрынLayoffs have increased 4-fold in 2023, with more layoffs coming. Tech is leading the pace, but other industries are joining the fray. We are also seeing more companies pushing a return to the office. This leads me to wonder if there's a war on the remote employee. In this video, I break down what's going on in the labor market, what to expect, and how to position yourself to best handle it.
0:00 - the state of the market
4:47 - layoff plans have quadrupled
10:07 - layoffs targeting remote workers
13:40 - what should you do?
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Are you struggling with your job search? Applying for job after job and not getting any interviews? Perhaps you’ve got a few interviews but always seem to get passed over for the job? Or maybe you’re not satisfied with your current career and want a change. Well, you’ve come to the right place.
As a corporate recruiter with over 20 years of experience hiring thousands of employees at all levels into major corporations, I’m going to spill the beans on how to get noticed by recruiters, start getting more interviews, navigate through each step of the hiring process, and ultimately land the dream job you deserve.
But that’s not all - I firmly believe that you need to think bigger to truly experience career success. Multiple streams of income and budgeting are crucial to forming a layoff-free lifestyle and helping you achieve your goals.
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@amicaaranearum Жыл бұрын
As a Millennial, I’m tired of living through “unprecedented times” every few years.
@watamutha Жыл бұрын
LOL by now I'm used to to it. It would surprise me if stable times come back.
@Gobyalo Жыл бұрын
Old people man - I imagine the workforce will be much more favorable in the next 15-20 years
@JasonTaylor-po5xc Жыл бұрын
The pandemic wasn't unprecedented - just because most folks weren't alive for the last one doesn't mean it didn't happen. There are a lot of similarities to Spanish Flu, including how folks reacted to it - and it was far more deadly. There were unique attributes - like how much more social media, 24-hour news channels, and widespread mis/dis-information.
@sciencelover3339 Жыл бұрын
Fellow millennial. I've given up on having a career and accepted that I'm just going to have to work random jobs and change careers every few years (every time another "once in a lifetime" event/recession/pandemic/etc happens).
@JasonTaylor-po5xc Жыл бұрын
@@sciencelover3339 This isn’t a bad thing. You should treat your career like “You, Inc.” - build your own personal brand and let your resume be your job security. Look at trends and figure out which jobs/career tracks will be the most rewarding long term and go for that. The old fashioned model of working from college until retirement for the same company died a long time ago - and I think it only existed for a generation or so.
@Hole_In_Head Жыл бұрын
I detest the term "return to work" with regards to "return to office." We were working already, and with greater productivity in many cases while remote. It's not a return to work, in fact, this is often a detector to productivity.
@josiah5776 Жыл бұрын
So glad I retired last year. I don't miss it at all. Corporate Amerika is such a poster child for ignorance and mismanagement.
@NealVio Жыл бұрын
Well said
@shqa574 Жыл бұрын
A hundred plus employees and I were laid off seven years ago from our company. I don't miss the workplace.
@joannevans9629 Жыл бұрын
You nailed that one!
@Jules279 Жыл бұрын
Walmarts now are basically a free for all. Certain positions you can basically do no work whatsoever and management would be none the wiser.
@JasonTaylor-po5xc Жыл бұрын
Seems like the bigger the company, the dumber they become. However, I have worked for some solid small/mid-sized companies that treat their employees well - especially in the boutique IT consulting world where the talent is the product.
@kevbob Жыл бұрын
I was most definitely targeted as a remote employee for my layoff in March. In a followup conversation with HR when I was negotiating my severance a few weeks later (people, you need to do this if you are laid off), she all but admitted that the company made a big push to RTO and remotes got shown the door. I had 10 years under my belt, and the only reason I was remote is the company, whose HQ was in another city, did not renew our office lease in the pandemic and reclassified those of us in the area as permanent home based. Permanent, ha. The responses to my job hunt is mostly crickets. It is very hard out there right now. If you are remote and still have your job, Bryan is right- you need to prepare now if you haven't.
@Turco949 Жыл бұрын
@@user-gy1hj6hi3j If the company is not growing and the business hasn't increased, especially your workload has decreased (even a little bit) in the recent weeks/months, I'd urge you to update your resume and start your search...
@RandomFandomDragon Жыл бұрын
I'm pretty sure my name is on a list somewhere because I refuse to RTO. They haven't made it a mandate yet, just "strongly encouraged". I told my managers 2 years ago WFH was the hill I was willing to die on, but apparently they thought I was joking. I am working on my resume because I fully expect to get the call in the coming weeks or months. Though my company is being super shady overall; they never told us layoffs would be happening, or that they are still going on in small batches. I found out from outside reporting a month before it started last year, but they get mad if we bringing up articles from outside the company. They just call the whole thing "reorganization".
@rivid Жыл бұрын
How are you able to negotiate from a position of being laid off? My stance has always been I'm not signing anything without a check stapled to it, but that's it.
@manoftomorrow5987 Жыл бұрын
What career are you in?
@Nawras672 Жыл бұрын
What's your field? And how can't you find anything if you got +10 experience?
@mdel310 Жыл бұрын
I think the coming commercial real estate crisis is the elephant in the room that is making companies force people back to the office. It's a potential disaster if those buildings stay vacant.
@amicaaranearum Жыл бұрын
Yep. Lots of companies with expensive office space they’re trying to justify keeping.
@tango-bravo Жыл бұрын
I agree with you…follow the money. If they are in a lease, they are paying for an empty building. If they have a mortgage, not only are they are paying for the space - now nobody wants to buy it.
@sithracer Жыл бұрын
bingo!
@headlibrarian1996 Жыл бұрын
@@tango-bravo Perhaps. Doesn’t explain Apple, which paid cash for that multi-billion dollar monument.
@jleonardoperez5402 Жыл бұрын
Also many cities hold contract with Corporation to have employee work in their city
@JanJan4Infinity Жыл бұрын
Honestly, I can now understand why some people consider going into starting their own business or becoming KZfaqrs/Influencers because there are no jobs available at all.
@christiandauz3742 Жыл бұрын
I wish hacking was legal. Then I could have hacked Syrian and later Russian banks!!@
@manoftomorrow5987 Жыл бұрын
Nah I personally believe that people want to open a business or be on KZfaq because they think its easy money. Its really harder than working a 9-5...it might seem glamorous but its hard work
@CrankyGeek Жыл бұрын
I agree. It's time to take control and be the master of your own ship. Preach it, brother!
@Josh-py9rq Жыл бұрын
Exactly
@cadcad-jm3pf Жыл бұрын
North American labour market has never been particularly strong, not in the last 15 years at least.
@jobeblogs4539 Жыл бұрын
I'm in UK and just been handed notice on my remote job, and it's been an absolute relief because they gave us a new manager this year who has been working as hard as possible to use surveillance against us as a team. Nobody is trusted, people are constantly being flagged where the trackers inaccurately document our workloads and people are resigning all over the place. There is constant talk of everyone returning to the office as we are simply not trusted to work without micromanagement... I am so happy they are not renewing my contract next month as this was literally killing me!!
@JasonTaylor-po5xc Жыл бұрын
Sounds like a toxic, low-quality employer. But, sometimes it is the devil you know that gets you to stay.
@ProfessorHattington Жыл бұрын
Forcing people to go back into the office when it doesn't really make sense (e.g. you go to the office but you really only talk to people over zoom because it's a distributed team) is a big sign that they're looking to have people quit instead of being laid off, especially if they're also cutting how much office space they're going to rent. Meta in particular pays 16 weeks + 2 weeks for every year you've worked there if you're laid off. It's going to be difficult for people who bought a home far away from the office because they expected to be remote for good since these companies were doing well under remote work (and even made record profits/had record productivity), and also for people who have disabilities.
@Akemaste Жыл бұрын
We REALLY need to emphasize the FACT that these layoffs are coming after RECORD PROFITS. It is insane that these companies are getting away with this. They are literally causing this recession AGAIN.
@chrismirra1010 Жыл бұрын
The value of the US dollar has dropped a considerable amount. These record profits are only on paper. It’s about equal or in same cases less than they normally were.
@hadast3806 Жыл бұрын
@@Akemaste by design People need to wake up
@JasonTaylor-po5xc Жыл бұрын
@@Akemaste The 2008 recession was caused by a lot of stupid in the housing and lending market. People blindly assumed their houses would _always_ increase in value (never true). Banks commoditized home loans by turning them into tradable stocks (i.e. conforming mortgages). When folks started defaulting on those mortgages, those stocks tanked. High foreclosures also caused normal sales to plummet. Banks with lots of upside down mortgages were in distress. Government stepped in to bail them out (mistake). I worked in a securities firm before the market crash, so I understood what was going on when most did not. Our current economic situation is very different with lots of interrelated factors - so it is impossible to pinpoint a singular cause like before.
@shuki1 Жыл бұрын
I'm back at the office in 'hybrid' mode. We had a corporate theme week recently with on site presentations in the auditorium, but also broadcast on the network. One of the events was virtual on desktops, with the speaker talking from remote and frankly the format was was lame and stale, with the speaker using a fake background. 'Zoom' is a great resource when necessary but such a dumb reminder of covid days..
@mathews4265 Жыл бұрын
Yes, I work at a fortune 500 organization and on 1st June, all employees were told to report to the base location within 3 months. My org had also disclosed at the start of the year that 19k ppl were being laid off. Looks like they are hoping for ppl to quit instead.
@MannyLoxx2010 Жыл бұрын
By far, IT Tech and Health Care pay the most, in general. The jobs being created are mostly low wage and not career type positions.
@ALifeAfterLayoff Жыл бұрын
I think you're right about the newer jobs reports.
@absndus 5 ай бұрын
More jobs created; but mostly warehouse and tiring jobs that are dead-end jobs.
@therosses5 Жыл бұрын
I've worked remotely since 2004 after 18 years in offices. I can get hours more work done by not getting interrupted every time someone walked by my cubicle. I pay for my own space and all utilities. How much does it cost a company for the building and bloated expenses a corporation is charged per employee on average for office equipment and much more? SMH
@user-sn1se8kh7z Жыл бұрын
They need the tax write off that comes with office space.
@nickd2296 Жыл бұрын
This came up in my interview. Luckily for me the office is very close to my house so I can go in everyday without traffic. These companies are definitely trying to get everyone back in the office.
@eXtremeFX2010 Жыл бұрын
Yes this is true... The avg for remote jobs now on LinkedIn are only around 18% And those usually have 200 applicants already applied after just 24 hrs. Tech Companies don't like remote unfortunately...
@mrsatire9475 Жыл бұрын
I know remote workers that were laid off "because they are remote", however, their replacements were solely hired in Asia.
@nicholasbroadhurst9096 Жыл бұрын
The irony…
@hrobertson439 Жыл бұрын
I recently interviewed and was so excited based on the job description / phone interview because the pay was great. There was lots of flexibility and only one day required on site per week! As I get into the interview process, I find out I have to be in the office three days a week and at least one of those days in their headquarters. I receive an offer which is lower than the amount I put on my initial application. I immediately turn that down and receive a counter offer for the exact amount I put on my application. HR said they could go no higher. Oh and I have to provide my own equipment if I work from home. COVID really helped echo decades long convos on fair pay and work life balance. It seems like a lot of companies are desperately clawing back any COVID progress whilst still using those same things to lure in new applicants. It was a totally bait and switch that I wasted hours on. I hate job hunting in 2023. Now I have to politely turn down their offer when I'm pretty annoyed.
@wecvgb9 Жыл бұрын
Prehiring promises dont matter, they can change policy anytime. Your preferences do not matter, your problems do not matter, your life is irrelevant to the business. Basically the same as the government
@tyler6320 Жыл бұрын
I'm with you partially but you can't be shocked that they matched your desired salary. That's the point of it. You got what you asked for. This seems like a lesson in negotiating.
@hrobertson439 11 ай бұрын
@@tyler6320 they literally lowballed me first but okay.
@vinzer72frie Жыл бұрын
Im a senior software engineer im employed but currently looking for another job and i can testify that the market is really bad right now interviews are surprisingly difficult and employers are extremely picky which makes me believe that thered a LOT of people available and applying 3 years ago recruiters would literally beg me to accept positions
@dynamo3059 Жыл бұрын
same thing back in the pandemic, i did like 20 interviews for an entry level role and the people expected me to be an expert in like 10+ different technologies, with each interview being different about which ones. this was for an ENTRY level role too. people kept telling me "just fix that resume" as to why i couldn't find anything. they like to act like supply and demand doesnt apply to software developers for some reason
@demonking86420 Жыл бұрын
It's been three years The market has never been good in that timespan What the fuck are they doing
@dynamo3059 Жыл бұрын
@@demonking86420 i found a job in the 2021 boom like a lot of people (because the market got better lul). whole thing reminds me of a great depression documentary i watch with ben stillers dad in it. "american culture teaches you to always blame yourself. so almost everyone did. but if they had only looked around they would've seen that millions of people were struggling just like them". paraphased but that's pretty much what it said. and it's true! you can be a more competitive you but depending on how brutal the job market is that may not be enough, and there may not be a whole hell of a lot you can do about it. go try and be a professional athlete and see how well you do.
@barbarastam9954 Жыл бұрын
Have you thought about getting a CTE credential or a regular single subject credential? Teachers are needed right now in computer science and blue states pay their teachers a lot better than red states
@demonking86420 Жыл бұрын
@@barbarastam9954 yeah but aren't blue states also more expensive in terms of living cost? I'm merely saying there's a tradeoff, not implying that one sociopolitical affiliation is better than the other(I'm in no state to start such a discussion since it doesn't heavily tie into the topic of job searching)
@dearyvettetn4489 Жыл бұрын
After being laid off last January and starting a new job in February, I’m now furloughed from that job and am now CEO’ing my career with a vengeance. I never stopped looking for work after the new job because the job and mostly the commute is frustrating. So I spend my mornings working on builing my freelancer prospects while simultaneously focusing on searching for remote or closer-to-home jobs. My afternoons are devoted to learning new skills via online classes so that my tool chest is fuller no matter where I end up. It’s the kind of stuff we all want to do while in the rat race if only we had the time. I’m blessed that I am (…or was) in a two income home with kids mostly grown and gone. So I still put in a full day Monday through Friday and I get in a bit more sleep and exercise. I’m really determined to keep it this way so I’m extremely motivated.
@Ooohmy Жыл бұрын
My ex-employer let go of thousands and replaced us with Contractors. They targeted certain groups of employees and it was so obvious what they did. Then offered no severance packages, wouldn't pay vacation time, wouldn't pay unemployment, etc. Yet they posted a public statement stating they offered lucrative buyouts. Thats not at all what happened..
@2Ahthelphi Жыл бұрын
Sounds like a lawsuit if it’s in your contract
@augustusbrown5320 Жыл бұрын
Verizon is currently doing that now..
@cinemadolce Жыл бұрын
This literally happened to me! I was nearly 100% remote, and then i was laid off! LOL! But jokes on them as they now frequently contract with me at twice the price to be able to still do what they needed me to do prior to letting me go.
@user-lv2rj3oi3d Жыл бұрын
This video is great. It’s very frustrating. Being told the job market is stronger than it’s ever been when you can see with your own eyes that things are not good.
@ALifeAfterLayoff Жыл бұрын
I wonder what the real unemployment rate is when you remove seasonal, part time and other less-than-full time jobs.
@Info-God Жыл бұрын
@@ALifeAfterLayoff Canada's style? 35-45%. It's depression on life credit cards support.
@chiplangowski3298 Жыл бұрын
I believe that the number of openings (at least for tech jobs) is inflated by multiple recruiters and contracting companies posting for the same job. I have been contacted by no less than 10 recruiters for the exact same job at a local company. Is that one job counted as one opening? Or do the 10 openings posted by each of the 10 placement companies count as separate jobs by the job market? BTW. The job is a 6-month contract, not even a full time position with the expected benefits. That is probably why the position is never filled.
@izamalcadosa2951 Жыл бұрын
@@ALifeAfterLayoff I would say double or triple the "official" government numbers, Brian! It's around 7% to 10%, in reality, Brian!
@cooldudicus7668 Жыл бұрын
@@ALifeAfterLayoff Given today's political climate, that number would not be likely to see the light of day.
@Sparkbomber Жыл бұрын
Going into offices is bluntly a waste of resources.
@J4n37r3n0 Жыл бұрын
100% an employer market right now. Minimal opportunities to change career paths, and the jobs you’re a great fit for either don’t respond, want the perfect candidate, don’t pay enough, or are not remote or commutable.
@dieglhix Жыл бұрын
Glad I didn't move last year for meager 20% and got laid off this year with nice severance instead. The bubble back then really smelled fishy.
@izamalcadosa2951 Жыл бұрын
Facts!! 100% True!!
@TM-173 Жыл бұрын
I've had at least 3 offers over the last 6 months....but I work in person :)
@headlibrarian1996 Жыл бұрын
Indeed. Seeing a lot of that on LinkedIn. No desire to grow developers. Come in with perfectly relevant experience or don’t bother us, and oh by the way we want that experience directly in our specific industry i.e. we only want to poach people from our competitors.
@paperremix Жыл бұрын
@@TM-173 in person market for me has also been fantastic but feel for remote workers
@RiannaNicole Жыл бұрын
As someone who went remote in the summer of 2021, from a blue-collar job (retail stocking), to a remote sales job (with a year in tech support for a client that I also sold for), I totally get that some jobs need to be on-site, but I do agree that we're in an interesting time where many are pushing to stay remote, especially since the pandemic started. For the roles that higher management/C-suite wants the employee to come in, I think hybrid or optional hybrid would entice people more than fully on-site with no budging. I think we've now seen that there are fewer roles that absolutely need to be on-site, versus not, ignoring commercial property and other company investments.
@ALifeAfterLayoff Жыл бұрын
It's hard to put the toothpaste back in the tube, so hybrid may be the way to go. Expect employers to aggressively look at AI options to replace people, though.
@TM-173 Жыл бұрын
@@ALifeAfterLayoff don't forget illegals! They're here to stay and eagerly willing to work for 1/3 the current wages
@darkriku12 Жыл бұрын
However, just like how companies found issues with IP and quality of work in trying to constantly offshore every job, they'll find the exact same or worse in AI. There will be a large layoff season followed by a backtracking hiring season because of it. And the companies will face severe issues in losing their experts.
@LadyLenaki Жыл бұрын
I've seen remote workers actively targeted for firing at my job (there was a return to office mandate, out of state were grandfathered in). I'm looking for remote work due to medical issues - I am literally more productive at home due to being able to manage my condition better (work from home was denied because it's not authorized in my department; and HR basically hinted all departments will be in office eventually, while recommending I try to transfer). Even in person is not responsive (I have co-workers trying to get that, and not many hits). The job market is terrible.
@kuningaskolassas4720 Жыл бұрын
It's frustrating just how obsessed some management is with a return to office. Even when you show them they could be getting more out of their workers and saving on office expenses by letting people work remote, they still insist spending 40hrs a week in the office is vital to the well-being of the company, cause they're just so deadset on things being the way they're use to.
@ipeteagles Жыл бұрын
@@kuningaskolassas4720 commercial mortgage back securities. people are commodities not individuals
@thepracticalblade9013 Жыл бұрын
It's amazing that companies think they can tell employees how and when they work more efficiently. I VERY MUCH work more efficiently from home, and, if anything, my company gets more time out of me than they normally would because I am constantly tempted to check my email as I walk by my work laptop throughout the evening. I sometimes work a little bit later because I know I don't have to think about driving home. But, sure, tell ME where I work most efficiently. Don't forget, though... those days when I log on early because my laptop is sitting right there on my desk at home? The days when I log off late because it can be hard to disconnect work from life when your work is literally in your home? Yeah, you can kiss those goodbye. You bring me back into the office, you've got me from 9:00am - 5:00pm, and not a minute more.
@sm-ze1jf Жыл бұрын
Only until the next threat comes you'll start logging on/off early and late. I'm sorry, I'm not buying it. Most employees are push overs and corporate America knows it. Start putting yourself first and say no. Whatever happens, happens. Life is too short. The threats will never end.
@MzShonuff123 Жыл бұрын
I worked from home for 11 years and I miss it. I was more productive when I worked from home (for that industry; I’m in a different one now)
@BewareTheLilyOfTheValley Жыл бұрын
I work hybrid, going into work two days a week. There have been some benefits to getting assistance with things in person, I won't lie. I can get help quicker than waiting for someone to see the message I've sent them in Slack. This said, I still really hate going in.
@randyriegel8553 Жыл бұрын
For the last year I've been on hybrid remote as a software engineer. In office which ever two days I pick per week. Our team manager went to bat for use with the VP of Tech and HR and now we are required to be in the office 2 days PER MONTH!! Sweet. I get way more done at home. No distractions, my wife had job she can't work remote I go into my home office and shut the door. Plus even work over a little bit here and there from home because I don't have an hour commute each way.
@cooldudicus7668 Жыл бұрын
There have always been remote jobs available for high performing employees who prove themselves in the office. Not a lot of jobs, but a few none the less. It sounds like you are on that good list. Congrats! I wish you nothing but the best.
@KK-pm7ud Жыл бұрын
Enjoy it while it lasts
@davidcbeaudoin Жыл бұрын
I work for a company that started mandating in-office time that varies from group to group. For my group, it's only one week (Monday to Friday) a month, but there are others that have a two week requirement now. Nobody is thrilled about it. It's especially aggravating for me because nearly my entire team is located on the other side of the world, so the main reason they want us to come in - in-person collaboration - is nonexistent when I go in. It's like you said though, it's clearly traditional CEO's trying to find some way to get bodies into buildings they're paying a lot of money to rent/own.
@JasonTaylor-po5xc Жыл бұрын
LOL - yeah, even before the pandemic, I worked with companies that required me to come into the office just so I could interface with a remote Indian team. Why am I wasting 2 hours of my life for this (commute) when I could be just as effective at home? Remote jobs still exist and I believe they will continue to be available, but perhaps not a given like before. For me, there has to be a compelling reason to go into the office (i.e. top-secret government project in a air-gapped bunker).
@headlibrarian1996 Жыл бұрын
CEOs, and I think Musk displays this, assume that what and how they do their work applies to everyone else. If their work is best done in person so is everyone else’s. I couldn’t comply anyway, our official office visit policy requires Covid vaccination. Though I’m in Florida, which forbids vaccination as a condition of employment, should they again require office attendance they could instead try to fire me for violating the office visit policy.
@shuki1 Жыл бұрын
It's not just about getting people to use offices being paid for, there are several other reasons to get people back in the office.
@davidcbeaudoin Жыл бұрын
@@shuki1 What are the reasons, then? As far as I'm concerned, for high-performing teams who are geographically distributed, it serves no functional purpose. If you take that out of the picture then it's all about them justifying the cost of real estate.
@shuki1 Жыл бұрын
@@davidcbeaudoin can be decided on a case by case basis or not in order to not seem like giving preferential treatment to a chosen few. Some reasons I've seen over the past couple of years: 1) improving group cohesiveness 2) improving on boarding process 3) improving employee retention 4) improving networking 5) improving p2p real communication 6) work-life balance, etc...
@mahumia Жыл бұрын
My department has been on 'permanent remote' since 2020, and offices are closed left and right. Last year we had a big layoff wave, and I was supposed to be laid off as well. In the end they decided to keep me (after a manager left and a colleague went on longterm sickleave), as they needed someone to do the work. Since April I am on sickleave due to a burnout, and I am pretty sure my name is on top of the list once a new wave is going to hit us (which I sure is around the corner)... I am the only one on the team who is still there after ten years, everyone else has left and been replaced. It is depressing, really.
@nocrtname Жыл бұрын
hope you're looking; it's always easier to find a job when you already have one.
@CC-bm3wb Жыл бұрын
10:00 That's just it, nobody wants to work in an office, especially if you have a micro manager for a boss. Currently trying to leave my position due to this exact issue...
@jamesclark2663 Жыл бұрын
I was laid off in January and after a couple months of helping the family during medical issues I started to seek new employment. Four straight months of applying to jobs with nothing offered. I finally went to a temp agency in absolute desperation and am now about to start a job I absolutely hate. I'll be continuing my job search for the foreseeable future, perhaps indefinitely. Even if I get something more to my liking and skillset I've taken the lesson to simply never stop applying - ever.
@KimmieJ1920 Жыл бұрын
I went through a layoff recently and wrote a book and published it on Amazon about nurses getting laid off and some things to think about as you navigate these waters as a nurse. Yes I said nurses are getting laid off too.
@TM-173 Жыл бұрын
the ones who got the jabs are getting laid off too, or only the pure bloods?
@PreppyPrincess777 Жыл бұрын
Wow!
@nursejoed Жыл бұрын
@@TM-173 Pure bloods?
@Kiyonce.Kartier Жыл бұрын
I was hired as a hybrid worker, 3 days in office. Execs are really focusing on our dept and there are talks that they want us all in office for 5. Unfortunately, I can’t afford that so I’ll have to look elsewhere if this plays out. The only thing I’m thankful for is that I work in a recession proof industry and we’re actually understaffed in my dept.
@erob65 Жыл бұрын
What industry is recession proof?
@JasonTaylor-po5xc Жыл бұрын
@@erob65 Porn and gambling. But, also anything that everyone needs regardless.
@Kiyonce.Kartier Жыл бұрын
@@erob65 HVAC manufacturing
@headlibrarian1996 Жыл бұрын
@@JasonTaylor-po5xc You’d think food and energy was were one of those, but a war on both agriculture and energy is happening right now.
@Andrew-3445 Жыл бұрын
I've seen an explosion in the number of applications submitted on jobs I've looked at. It was normal to only see 5-10 for many jobs when the labor shortage was really strong. That has gone up exponentially over the past 6 months.
@Private-GtngxNMBKvYzXyPq Жыл бұрын
Companies that force RTO when the work can be done remotely will undoubtedly suffer a brain drain downward spiral. The best talent won’t tolerate it.
@seapeajones Жыл бұрын
Full remote is almost non-negotiable for me now. I could do hybrid, but for a lot of roles, I just wonder why bother?
@KK-pm7ud Жыл бұрын
I see it the other way. Companies that allow unchecked remote work will see reduced productivity and eventually get weaker over time.
@Private-GtngxNMBKvYzXyPq Жыл бұрын
@@KK-pm7ud You say ‘unchecked’ as if it were a bad thing. LOL! _Remote Work Productivity Study Finds Surprising Reality: 2-Year Analysis_ _Working from home is just as productive as working in the office - possibly more so. A two-year study by Great Place To Work® of more than 800,000 employees at Fortune 500 companies found that most people reported stable or even increased productivity levels after employees started working from home._ _To assess the productivity of working remote, we surveyed 715 companies, representing over 3 million U.S. employees. We analyzed over 800,000 responses and measured productivity…_
@SomeUniqueHandle Жыл бұрын
@@KK-pm7ud Productivity soared when WFH started. After about 1.5 years, productivity gains slowed dramatically, which employers claimed proved that WFH wasn't as good as being in the office. Also 1.5 years ago, employers started requiring people to come back to the office. Hmm ....
@KK-pm7ud Жыл бұрын
@@SomeUniqueHandle Productivity increased because companies laid off a lot of people. Then it sank as work from homers did less than they did in the office. You don't even know how the productivity statistics are measured.
@letlovecomeinbeautiful Жыл бұрын
I got laid off February 23rd and found a job May 1st. Compared to when I was job hunting before, the market definitely seems more saturated with job hunters.
@drrodopszin Жыл бұрын
Video idea: how 360 and other performance reviews can be used for arbitrary layoffs.
@Nichrysalis Жыл бұрын
If having a side hustle is a "core" part of being prepared for a job loss then I do not want to contribute to that society.
@atomrockerrrr Жыл бұрын
Thanks mate. I really enjoy your content. As a relatively new recruitment advisor, I appreciate your tips, guidance and views on the job market, candidate experience and everything else. Thank you for making these videos.
@seanmysel5823 Жыл бұрын
Here's what I learned: EXPECT you will get laid off. Accept the layoff if it happens. Don't whine or complain but act. When I got laid off I kept telling my wife about wanting multiple income streams. In a month I had 3, two months 4. Next thing is do not try to figure out why it happened because ultimately it doesn't matter. Just decide what to do going forward. Great video as always!
@DiamondFlame45 Жыл бұрын
This!
@asadb1990 Жыл бұрын
Agreed depending on the employer, some will make you feel worthless when they are letting you go. So its better to simply accept the reality of a layoff and that it will happen at one point.
@seanmysel5823 Жыл бұрын
@Phantom Warrior last year my friend laid me off, promised a severance that never got paid. I gave myself an hour to grieve... ten minutes later I was working on my resume. Just a waste of time and energy cursing bad employers.
@asadb1990 Жыл бұрын
@Sean Mysel i hear you but if this was official legal employment and you had the severance in writing, you can get compensated by suing or reporting to the labor board or workers comp. Im not sure lawyer might be worth contacting.
@DiamondFlame45 Жыл бұрын
What sources of income did you decide to generate?
@danamgarrett Жыл бұрын
Remote contractors specifically. My contract (and other contractors’ contracts on my team) just ended a month early - no warning. I’ve worked remotely for 22 years, and I’ve never seen it like this. Very frustrating.
@bethiciaprasek9415 Жыл бұрын
Thanks Brian. My skills are targeted for 5-10 years preferably working where I am and moving forward there for at least the next 12 years. (I have to access them regularly, of course.) Your reminders are valuable. Thank you.
@jstevens515 Жыл бұрын
The job market seems abundant for those who have 3+ years of experience, but zilch for entry level folks. I was a nurse in the ICU through the pandemic and just couldn’t take being a nurse after that. So, I did a coding bootcamp. Too little too late. It’s been 6 months with a whole lot of rejection emails and no end in sight.
@ALifeAfterLayoff Жыл бұрын
The first job is always the hardest to find unless you use your university's career services.
@dustinhodges9987 Жыл бұрын
I feel your pain. From the start of the bootcamp, plan about 2 years to get a job, and that is if you're working very hard to build a portfolio. Sad.
@Bella.Parabellum Жыл бұрын
For me, looking on my ownwas just as difficult and frustrating. I ended up utilizing a local free employment agency. It's kind of a hit or miss for different people, but in my case, they connected me to an HR recruiter at a nice place. So networking seems like a much better bet than applying yourself...
@drrodopszin Жыл бұрын
I tell everyone in your situation. If you have energy, start working on open source projects. There are tons of important projects swimming in issues. If you help with that you gain experience, it also sounds better that "in the last 3 months I was working on open source projects". Also the main contributors on the project can give you real feedback.
@JasonTaylor-po5xc Жыл бұрын
Yeap. A cousin of mine is fresh out of school and took a simple IT helpdesk job just to have something when he has a nice computer science degree. While my inbox continues to get flooded with recruiters reaching out (although I have noticed it slow down a bit).
@recruitcrm Жыл бұрын
The insights on the current labor market and the rise in layoffs were eye-opening. Acting as the CEO of our careers is crucial, and your tips on building networks, upgrading skills, and considering side hustles were valuable. Thanks for sharing practical strategies to navigate these challenging times!
@sqlb3rn Жыл бұрын
In person collaboration is coworkers making small talk by my desk for 20 minutes and people interrupting me to ask questions they could have answered themselves.
@reel2real949 Жыл бұрын
YES! I could never get anything done in the office because of this. Nearly every train of productive thought was interrupted.
@kuningaskolassas4720 Жыл бұрын
It will be interesting to see how companies that are so hellbent on a return to office fare vs ones that are more adaptable.
@elizabethbaxter54 Жыл бұрын
i think in the long run, they won’t fare well. remote work is a moving train the old guard is hellbent on blasting in to oblivion…alas, the younger workforce will not only adapt to remote work, but embrace it, and in due time, they will be at the helm.
@kevinmach730 Жыл бұрын
I really don't get it. It's a huge opportunity for them to save on office space, utilities, etc- I guess they're just afraid of change
@Keisuki Жыл бұрын
@@kevinmach730 Saving money on office space isn't so great when you're a CEO who also happens to own the offices your company works in ^^'
@EldhoseJoseph Жыл бұрын
@@kevinmach730 company would rather pay office rent and reduce their taxable income than promote wfh and increase their taxable income.
@kevinmach730 Жыл бұрын
@@Keisuki I suspect that this was exactly the case with my last company, but it was a smaller place and the owner was looking at the properties as long term investments I'm sure. But I also know the struggle to make those payments and it put a lot of pressure on the cash flow there I was more talking about people who are expanding and aren't locked into current long term lease situations.
@Armonasia Жыл бұрын
From my experience I think a big reason companies want people to return onsite has a lot to do with control. In the office they see you. They tell you when to break how long. A lot of companies have point systems which do more harm than good but serve as a good control mechanism for the company. Employees that don’t have to be onsite to do their job loose money when they have to report to the office. Ex. Wear and tear on your car - Tires, gas, oil changes to name a few… yet raises remain in most cases at what about 3% but then there is usually an increase insurance - there goes that nice big 3% increase. Employees don’t have any power unless there is a union. Strikes and other demonstrations make a lot of sense.
@masteryoda9044 Жыл бұрын
I don't get the argument 'they have paid for the real estate so they want employees on premise" The operational expense of just HVAC alone would be a deterrent, not to mention security, house keeping, IT, WPR etc
@joannevans9629 Жыл бұрын
Yeah, for a 62 year old woman the job opportunities are zero. It has become extremely clear that companies are NOT hiring those in my age bracket. We're looked at like we are stupid and incapable. Jobs that I've interviewed for where I am highly qualified - well, they tell me they went with a candidate that is more qualified. I talk to these recruiters about what they are seeing and for the last few months it's been crickets. But then, of course, it's our fault there are no jobs.
@johnr5252 Жыл бұрын
I’m 67. 33 years of experience and can’t even get an interview. For folks like us, job opportunities are few and far between. I wish the media would stop talking about employers not being able to hire. Bullshit!
@mateaukalua4426 Жыл бұрын
Target will hire you if you have breath in your body.
@genx7006 Жыл бұрын
I don't think it's as much age discrimination as it is set-in-your-ways discrimination. The employer sees the boomer candidate as someone who will not adapt. Think: "I'm not learnin' no newfangled chatGPT software!" The employer sees these types of candidates as extremely resistant to change. I feel sorry for you, but the same thing will happen to my generation in short order...so we will be there right with you.
@MTimWeaver Жыл бұрын
@@perfectbeautyfashion1930 I haven't put my graduation year on my résumé since the mid-1990s, a few years after I finished grad school. I'd suggest removing all references to your graduation year for any and all education. When ATS systems "ask" what the year is, I've always left it blank. Only 1 or 2 that I can recall made it a mandatory field. I believe it's no longer mandatory (hasn't been for as long as I can remember) because of the potential to show age discrimination
@mateaukalua4426 Жыл бұрын
@@perfectbeautyfashion1930 Get some training in the here and now and put that on there. Put Bachelor's degree with no graduation year.
@indiegirl_3654 Жыл бұрын
Thank you so much for your videos and content. I just found you here and really appreciate your work. Kind regards from Germany.
@kris1123259 Жыл бұрын
I'm glad my employer already shutdown all offices months ago. I was considering changing jobs if they forced me back to the office, but they fully embraced the remote model.
@jennyc5100 Жыл бұрын
I subscribed to your newsletter. It is good! Thanks.
@ALifeAfterLayoff Жыл бұрын
Thanks for subbing!
@therealjordiano Жыл бұрын
This perception that companies have where working in the office is better because of face-to-face collaboration, I don't understand where this comes from. You can communicate perfectly well over a call, especially when discussing technical details, things like body-language aren't necessary at all. Even if you did think it was necessary for some reason, you could get that by doing video calls anyway Companies that are international are already not able to fully take advantage of this anyway, as people in different countries have to use calls to communicate with each other, and that has never been a problem before
@darthvillarious Жыл бұрын
It's an excuse to protect their corporate real estate and their tax write off's. Otherwise they're just empty buildings they're paying for and they don't want to sell to keep their tax incentives. It's always about the money. ALWAYS.
@RandomFandomDragon Жыл бұрын
@@darthvillarious - This. It has nothing to do with culture, collaboration, or whatever BS they are trying to spin. It is always about the money.
@Bella.Parabellum Жыл бұрын
@DarwinAward Yes, I watch Josh Fluke, too, hahah. He says a lot of true things
@Maki-00 Жыл бұрын
The last time I worked in an actual office, we communicated through Slack, even with people who sat a few feet away! Also, depending on the job type, no “collaboration” is even needed. Employees just sit at their desk and do their jobs on their computers for 8 hours, rarely having to interact with coworkers for work-related issues.
@JasonTaylor-po5xc Жыл бұрын
Yeap. Even before the pandemic, about half my meetings were using collaboration tools like Zoom, Teams, or VDI - just from my desk. I remember having to fight traffic everyday just to interface with a remote offshore team - which I could do just as well from home. I have always known corporate culture argument to be a joke, the best company culture I have experienced was from a remote-first IT consulting firm.
@prboulder Жыл бұрын
The job search has been terrible. In a recent development, I have recently received automated rejections stating they received a high volume of applications and won’t be REVIEWING applications (not the typical response of not “Moving Forward”). The quality of recruitment has definitely taken a nose dive. I work in the pharmaceutical industry and I have seen internal recruiters and headhunters go by the wayside for cut rate external firms. Usually this is a safe industry but the “tech effect” seems to have spilled over.
@Shicksalblume Жыл бұрын
Hell. I've been hunting for a job to start a new career for the past four years, ever since I got my degree, and I've only been interviewed five times. I haven't even had a job interview since 2021 (although I am in the process of setting up an interview, so that is about to change). This job market has been nothing but crickets for a while, especially given the number of supposedly junior or entry-level positions that require bizarre levels of experience and industry knowledge for such a low level position.
@Famous_Athlete_Hashimoto Жыл бұрын
As a truck driver, I'm very lucky I'm in one of the few trades/industries that is basically recession and layoff proof for the foreseeable future. The average age of a truck driver is late 50's, and so many drivers retired or passed away during the pandemic that the driver shortage is critical in certain areas. I get offers left and right from recruiters to jump ship because trucking companies are desperate right now. It serves them right, honestly. They've treated drivers like garbage for so long they're getting their just desserts. In contrast, my sister was laid off a few months ago from her remote work job and she just recently landed a new job. However, it's not as good as her last job and her new health insurance plan is abysmal. The current job market really is horrendous and I'm fortunate I managed to find a good company when I did
@paulhornbogen980 Жыл бұрын
B. Your content is first class. Yes, dig into those labor numbers. Please keep calling these unfair employer hiring practices. Totally nuts professionally in my view. Yes, CEO are developing forecasting plans for the future. I am taking this time to add to my skills sets. Like you say sir, I am a free agent. My overall attitude toward work is you have to whatever is to put food on the table till you reach your goals. You have to control your career destiny or you will be controlled by someone else. Just keep it up sir.
@johnr5252 Жыл бұрын
I would challenge any company to tell me how I would be more productive in an office vs remote. Not a chance. I got far more done working remote . I had a manager that had DAILY staff meetings that lasted at least an hour sometimes 2-3. Part of that time was spent trying to determine the best time for the next meeting. F that. Never again.
@firebird6522 Жыл бұрын
AMEN!
@izamalcadosa2951 Жыл бұрын
In my field, IT, working in person out-weights me going into the office but that's me! Remote and onsite work have their pros and cons, that is a fact!
@RuthmarieHicks Жыл бұрын
Actually, I ran into that problem working remotely as well. They kept calling required meetings and then after 3 hours STRAIGHT of meetings from the time I got in, I was called on the carpet for not being up on my metrics for the day! HUH????
@johnr5252 Жыл бұрын
@@rickg6158 And I certainly will! I’m at a stage in my career where I will not put up with such bullshit. Daily staff meetings are stupid and a total waste of time. Years ago I had a manager threaten my job if a project didn’t go as planned. If they tried that now, I would not hesitate to tell him/her to go F themselves and leave.
@Dacrazyfrog007008 Жыл бұрын
Hi Bryan, First of all, a big, big thank you for your videos! After coming across your videos about a month ago, you really helped me big time to pull through the interview process. And today i got my dream jobs offer. Other than the interview, job hunting content, your HR stories are really fun to listen to and at times let me terrain faith in job hunting when I'm feeling bogges down by the process. Keep up the awesome job!
@ALifeAfterLayoff Жыл бұрын
Nice! Congrats on the new job!!
@sephondranzer Жыл бұрын
You know, over a long enough period of time, shareholders ruin everything.
@JJ-ml7wo Жыл бұрын
I think for job seekers it is below average especially for roles you are a good fit for or even overqualified. Not sure how degrees weigh in on this, but it is sad experience is not valued. I enjoy the content you create and thanks for sharing the things you do!
@cooldudicus7668 Жыл бұрын
I remember 2009 with great pain. There were so many of us college grads doing jobs we were over qualified for. I worked at a call center doing tech support. Many of my co workers had multiple college degrees, Master degrees, and current certifications for high level professional work. Yet we were stuck with a job that is typically used to get through college or for High School graduates. Hang it there. It got better eventually. If nothing else, just remember that you are not the first one to go through this nightmare.
@msdiamondpiggy Жыл бұрын
It happened to me. 2 weeks ago, they offered a laid-off or accept a less paying postion. Public service type job, agency providing benefits to the community. My position was eliminated. Even though i'm still working under a new position, I don't feel safe financially and don't see career growth because they knocked me down to the lowest position. They said, only offered a second choice to stay with the agency because of my hardwork put in. Yeah right, using me to clean up the mess in the position..
@claucemicro1080 Жыл бұрын
I hope you start searching somewhere else as quickly as possible.
@msdiamondpiggy Жыл бұрын
@@claucemicro1080 I am. My reviews on my HR file are good. It seems like a set up. They catch me up with some write ups and then fire me later because of writes up.
@RandomFandomDragon Жыл бұрын
Also, my company is still doing layoffs (they call it reorganizing), while at the same time advertising "we're hiring". They also seem to be hiring a lot of management types of various levels while getting rid of individual contributors.
@Maki-00 Жыл бұрын
I see so many companies hiring several types of managers, but no customer service reps or other positions. Who the hell are they managing?
@DKBingham Жыл бұрын
I was laid off from Red Hat in April. They didn't really push the in-office thing, so I'm unsure if that had much to do with it. That said, I just received an offer from a smaller tech company doing pretty much what I was doing at Red Hat, and with much better pay. I haven't accepted yet (wanted to give it some deep thought), but knowing how the view is from some groups, it might be good to accept, then make a plan just in case it falls through.
@genx7006 Жыл бұрын
What are you waiting for? Accept!!
@DKBingham Жыл бұрын
@@genx7006 good question. I have a few questions out to them. I have until Wednesday to accept the offer. I want to make sure I know exactly what I'm signing up for.
@dchardin1 Жыл бұрын
Danielle I was a Red Hatter years ago. What is funny is that it was decently remote friendly even back then (for a few roles and departments, at least). I also knew some fully-remote employees with many other tech companies. I feel really bad for the folks who were working remotely for YEARS before COVID, and are now mandated to RTO. I think COVID kinda shined unwanted attention on the practice. Now that it's in the entire public conscious, some debates are coming up that never came up before; like "is it fair that some workers are given the opportunity to work remotely, while it's not an option at all for Nurses, Steelworkers, etc."
@MannyLoxx2010 Жыл бұрын
Red Hat, as in Linux or some other company? I work in Tech, as an Engineer but curious about which "Red Hat".
@DKBingham Жыл бұрын
@@MannyLoxx2010 Correct - Red Hat, as in enterprise Linux. I'm not aware of any other company named Red Hat.
@barose1 Жыл бұрын
The job market is definitely much slower than it was a couple of years ago. I am looking for a new position, but it's crickets over here (not including being ghosted by recruiters). Too bad I missed the gravy train that was happening; I am always late.
@rickchandler2570 Жыл бұрын
Couple friends of mine have been out of work for over 6 months now. Both in the tech sector. I’m very happy I’m retiring in a couple weeks and have never had that issue before.
@niolonq Жыл бұрын
I was laid off in March after working for a corporation for a year. The difficult thing about layoffs is that the company doesn't appreciate the contributions you made during your employment. I worked hard, took on additional responsibilities, and was underpaid. Meanwhile, my friend, who did nothing extra, had the same salary as me and is still employed with the company. Just as I was expecting a promotion to the next position, I was laid off. I worked remotely with different locations, my friend playing FIFA23 in office
@paulgomez3318 Жыл бұрын
Let’s get something straight, a company will never value you how you value yourself. Stop waiting for them to validate your worth, create your own worth!
@MannyLoxx2010 Жыл бұрын
Cooking the stats and numbers has always been the norm with the Department of Labor. The real unemployment numbers is 2x or 3x higher than what the Feds are telling us!
@MannyLoxx2010 Жыл бұрын
3.7% unemployment is bull!!
@jtm-25 Жыл бұрын
A lot of these seem to be related to ventures that went bust (ie the metaverse). Demand is still incredibly strong in most markets and workers are happy to even travel/relocate for work. Companies are cutting back right now to save money in the short term, but will find it costing them more to rehire in the future.
@Silverdragon517 Жыл бұрын
Love your videos.
@ALifeAfterLayoff Жыл бұрын
Thank you!
@joecortizo Жыл бұрын
I only receive cold calls from recruiters asking me how much I earn, and salary expectations. They ask that even before starting the job description. Certainly calibrating their low-ball offer.
@JasonTaylor-po5xc Жыл бұрын
I know most recruiters these days are just trying to score a desperate person with a low-ball offer - I really prefer getting that part out of the way. I normally tell them I'm ready beyond their ability to pay and that I don't know of anyone so desperate they would consider that position. If they aren't completely unreasonable, I just tell them I'm looking for a more senior role.
@joecortizo Жыл бұрын
@@JasonTaylor-po5xc 👏
@chrisxavier3147 Жыл бұрын
I had 1 remote day per week in my last role, and there was discussion of eliminating it last year. Finding remote work since in my field was tough, when I had no choice due to injury.
@dieglhix Жыл бұрын
Hopw you have recovered well.
@JasonTaylor-po5xc Жыл бұрын
I've been doing some flavor of "hybrid" for the past 20 years - basically since it was possible. Especially in the past 10 years as the "open office" fad took off - I had to work from home just to get my work done since the office environment was too distracting for a high focus field like software engineering.
@cuivre2004 Жыл бұрын
I agree they are cooking the stats and numbers. I've had a potential offer pulled due to the Silicon Valley Banking issue hurt a company's clients and work they contract out. Four other company's I interviewed with have undergone hiring freezes the last 6 months.
@darthvillarious Жыл бұрын
Dude, I lost track of the positions I've applied for that lost funding or were pulled back or "eliminated" It has to be in the hundreds by now. The government is cooking the unemployment numbers to stop fear and panic. Don't believe a damn thing the news telling you. On the ground dealing with this everyday we know they're lying.
@ALifeAfterLayoff Жыл бұрын
I have to wonder what Doug is wondering. Something feels amiss.
@MannyLoxx2010 Жыл бұрын
Cooking the stats and numbers has always been the norm with the Department of Labor. The real unemployment numbers is 2x or 3x higher than what the Feds are telling us!
@ramblr5900 Жыл бұрын
Thanks for 2023 update
@amicaaranearum Жыл бұрын
I have been a lawyer for 15 years. Very few firms are hiring in my area, either onsite or remote - just a smattering of entry-level positions with lackluster salaries.
@8383kathy Жыл бұрын
Bryan, I have been actively interviewing for the past 4 months. I can defintely telll the market has slowed down. In March, I literally did not have time to respond and schedule all the phone screenings and interviews. In June, the company responses are 1/2 what I was seeing.
@crism8868 Жыл бұрын
Very interesting insight! Specially on the Great Migration thing, I've found that that's absolutely correct, the time to pivot to tech was last year, if you missed that train now its the time to move to some other industry
@Troy_Built Жыл бұрын
The problem with proving your job can be done well remotely is that usually means it can also be outsourced. Several members of my family and friends work for the same company. When they had to go remote it took a while to get everything straightened out. Now that they have the productivity has gone back up and they have shown that their jobs can be done pretty efficiently by remote. They are all concerned that now they have a system in place that works well with remote workers those same jobs will get outsourced. One of them was a middle manager working hybrid. She could see them starting to make moves to eliminate the middle managers and stepped down. Sure enough about six months later they eliminated her former position and that person was laid off.
@errrzarrr Жыл бұрын
You are naïve. If they want to outsource to India or Bangladesh they will do anyone and you don't have any power whatsoever. Did you forget they outsourced already a much more difficult and costly thing? They relocated the whole industrial and heavy manual labor to China? Heck! The whole China was build upon your managers relocating their heavy machineries.
@izamalcadosa2951 Жыл бұрын
@@errrzarrr True! Most of the remote IT positions have gone to India and China! Bangladesh and Pakistan are catching up with call center and data IT positions! lol!
@Bella.Parabellum Жыл бұрын
If a company wants to outsource, it will outsource anyway, regardless whether you conlme into the office or work remote. My previous job required us to be at the office for 60 hour weeks, and guess what, eventually all our work got outsourced and we were all let go.
@Troy_Built Жыл бұрын
@@Bella.Parabellum Not all jobs can be outsourced. It was previously thought that theirs couldn't be. Once all the shutdowns happened they had to figure out how at least some of it could be done from home. At first it was a mess but they were nearly completely shut down. Once they started to open back up they split some of it to in person and some to home. Then they gradually split the jobs differently requiring some full time in person and some only once a week. Now they are trying to make it to where some don't come in at all.
@pji1979 Жыл бұрын
The one point I take issue with is the reduction in productivity from remote workers. Every study I've seen highlights the fact that productivity at worst remains the same and, in many cases, even improves with remote work. Anecdotally, I know that I start earlier, end much later, have way more energy, and get much more done working remotely.
@KK-pm7ud Жыл бұрын
That isn't true. People aren't more productive as a whole outside of the office environment.
@pji1979 Жыл бұрын
@K K I'll trust the Harvard Business School study and my own experience that say otherwise over some rando named "K K" in the KZfaq comments. Thanks.
@KK-pm7ud Жыл бұрын
@@pji1979 Their study measures the wrong things and was just written for popularity. Elon has it correct. Zuckerberg has it correct.
@JudsonHall Жыл бұрын
Companies are laying off people and then re-hiring at lower salaries.
@johnv826 Жыл бұрын
Great video! Recruiters/TA are getting murdered in this market!!!
@Johnny-Utah-91 Жыл бұрын
Well you were preaching the "don't be loyal to the same company for too long" mantra. Seems to me that it's better to get laid off after 10 years in the same company than from one you joined 6 months ago.
@Turco949 Жыл бұрын
339K jobs supposedly added (what type of jobs - unknown) but 417.5K planned layoffs which should be fairly accurate so, in a nutshell, unemployment will definitely increase before year's end. When will they officially admit and announce that we are in another recession?
@MannyLoxx2010 Жыл бұрын
facts!!
@jackcarraway4707 Жыл бұрын
This is why I'm leavibg office jobs for a trade. Yeah trades have their fair share of flaws, but I just cannot work in a soulless cubicle anymore.
@nokoolaid 8 ай бұрын
My Wife works at a major bank and letters are going out to remote workers in some units requiring they move to one of 5 city metros to work in the office at least 3 days a week(they'll pay for the move and give a year to move) or take a severance of 2 weeks for every year and stock will be fully vested. The 5 metros are: NYC, Charlotte, St Louis, Minneapolis and SLC. This bank has dumped over 22k people this year. it's caused a lot of sturm und drang waiting for the letter. Supposedly it's coming in January. This is very disruptive. Wife is in her late 50's and I am over 60 now and if this happens, we'd probably do some sort of move, either keeping our current residence and getting a condo in one of those places or not, but it would require I retire a bit earlier from my job than I expected, which means less for me in retirement. These execs need something I can't mention here.
@thenibelung2660 Жыл бұрын
I WISH I was laidoff. They've been making do the jobs of 5 ppl for the last 3 years. Bring it on, give me my severance, and let's GTFO. Damn abuse.
@sqlb3rn Жыл бұрын
Dude just get another job
@bettyeboop2942 Жыл бұрын
I was doing the work of 3 people and I quit my job. My old job had to hire 3 people and now I have a job doing the work of 1 person with much better benefits. Don't let that job use you, they don't respect you or your time.
@LeoMidori Жыл бұрын
An ex of mine who was working at a bakery was in the same position. He quit and got a new job after over a decade of being there and he's making more money and his duties are way more streamlined. I say go for it!
@aseidinfo Жыл бұрын
Nobody is making you, if you tolerate it, you are OK with it and they won't hire anyone else.
@genx7006 Жыл бұрын
Sounds easier said than done in this economy. You could "take a chance" and leave that stable job to find the unicorn one. It might pay off...but then you might find yourself unemployed for two years. I wouldn't risk it right now.
@Sopris17 Жыл бұрын
As a recently laid off software engineer..... it's terrible. Back in 2021/22 my phone was ringing off the hook. This time, it's crickets.
@rranft Жыл бұрын
They WANT everyone back in the office. Badly. "We have the office space, so we should use it" is the silliest thing I've heard so far. My supervisor insisted that we really should meet in person at least every two weeks but has only actually attended these meetings seven or eight times since we started this two years ago. It's kind of crazy in my opinion, but I guess some people feel that in-person interactions are important. For me, the various audio/video conferencing options are more than sufficient, but some folks find this insufficient.
@amicaaranearum Жыл бұрын
Lots of companies with expensive office space they’re trying to justify keeping.
@JasonTaylor-po5xc Жыл бұрын
Once you go digital native, you find online collab is actually better than in person. We can record meetings, edit the same document in realtime, and digital whiteboards that are saved as images. Old school managerial types don't understand this yet.
@cbbcbb6803 Жыл бұрын
Whenever things are going well, brace yourself. Sooner or later, the other shoe will drop, and there is a good chance that you won't like it.
@TheSnerggly Жыл бұрын
Older workers are getting hit exceptionally hard. I speak from experience, friends of mine and I have been looking for 6 months and not getting any responses.
@TheSnerggly Жыл бұрын
This video is very helpful, thank you as always.
@ramblr5900 Жыл бұрын
Hey 3 months ago, what have you done to stay afloat? This is my first time and i regret not budgeting
@ramblr5900 Жыл бұрын
@patricia what industry and role were you in?
@darthvillarious Жыл бұрын
Yeah the over 40 crown is getting hit hard. I've seen a bunch of 40+ managers let go. I wonder if the AI HR programs are targeting middle age and older workers? That seems to be the pattern I've been seeing with friends and family.
@ramblr5900 Жыл бұрын
@@darthvillarious hey did you see that list it shows everyones age and role? Is that how you know?
@annielin2894 Жыл бұрын
It's not easy to get a job; I am getting to be fired from tech company.
@dieglhix Жыл бұрын
Ingot laid off back in March, thankfully the severance package was 1 year worth of salary. From now on, I will always keep a year's salary just in case for these careers hiccups.
@candacechavigne5560 Жыл бұрын
I was laid off in early April along with many others, because I was remote. So rather than asking if I would be willing to move to the area or even change positions within the company, I was just let go. I still talk to my former teammates regularly, and they just did a THIRD round of layoffs this past week. And then replacing a lot of those positions with interns or contract employees , or forcing hte work on the remaining teammates. As someone who was working and lived through the '08 recession, this is very similar to what happened then (minus the aspect of remote work). And organizations just can't understand why engagement has progressively trended downwards and burnout has trended up...
@JasonTaylor-po5xc Жыл бұрын
Honestly, I love contract work. I was fulltime at a bank being pressured to work more hours at the same salary or face being outsourced - then I realized the guy next to me was getting paid nearly double as a consultant. I took an hourly consulting job. Best decision ever - I worked the same crazy hours but I got paid for it. Folks wonder if I worry about job security - the answer is generally no. If you get paid well enough, you can easily build an emergency fund as long as you don't inflate your standard of living to match your new income. Also, my resume is my job security. The other benefit of consulting/contracting is exposure to many types of technologies and companies in a short period of time since I'm on a new gig every 12 months or so. If I find a client I really enjoy working with, I can consider converting to fulltime. Although, I did have one manager ask me about converting as I was cresting a 60-hour work week. Later in my career, when benefits and a better work/life balance was more important, it was a lot easier to convert to a higher salary for my skillset with the right company.
@anthonyrodriguez2413 Жыл бұрын
I think Americans unknowingly built a system that now views employees as a liability instead of an asset. I know this because as a business owner I have employees who constantly call in, do below average work, feel entitled, or who threaten to sue. It’s hard to get rid of bad employees. If I can outsource or contract jobs I’d rather do that as I get a better product and I can cut ties easily.
@akc783 Жыл бұрын
I was considering looking for a job. I just dipped my toe in the water looking at job posts online and quickly decided this isn’t the time to make a move. There’s not much out there.
@ashlo333 10 ай бұрын
I work in HR and was notified my role was eliminated this week. I work in the tech industry and see so many colleagues on LI that were also laid off in the last two weeks. Can you make a video about timing of layoffs? I’ve noticed many tech companies lay off around the same time.
@StalkedByLosers Жыл бұрын
What irks me is having a day of back to back meetings, and everyone is zooming from their desk. Reminds me of Plato's cave, we are all chained from a center firepit and facing away from eachother and we can only see the cave walls with shadows of everyone else. Who wants to be chained in a dark cave?
@ALifeAfterLayoff Жыл бұрын
That’s a good analogy. 👍🏼
@NotAFanMan88 Жыл бұрын
It depends on the type of remote worker. If they were remote and always remote, yeah they seem to be first on the chopping block. But for others that I know, they were long-time employee in person before they transitioned to remote, they're pretty safe.
@honzasgarage5125 Жыл бұрын
There's also statistics that people forced back to office are less likely to be willing to work after hours and many will actually clock out early to offset the commute. So in the end it's counterproductive
@MannyLoxx2010 Жыл бұрын
Sounds right to me!! Leave an hour or two early because of commuting is only normal.
@amicaaranearum Жыл бұрын
I used to shift my schedule by an hour to avoid rush-hour - I was still there for about 9 hours a day, just not doubling the length of my commute to sit in soul-crushing traffic.
@dbaby3288 Жыл бұрын
If you are an engineer, build complicated platforms that require regular maintenance lol
@genx7006 Жыл бұрын
Ask chatGPT to build a competitive version of itself. Then market that. 😂
@dbaby3288 Жыл бұрын
@@genx7006 ask it to solve world hunger
@picklerix6162 Жыл бұрын
I don’t mind working in the office but I’m not moving to an unaffordable city. I turned down opportunities to interview for several jobs on the East and West coasts. I also turned down some opportunities that required long commutes. I finally found a great remote position.
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