The Open Secret of Google Search

A few weeks ago my house had a septic-tank emergency, which is as awful as it sounds. As unspeakable things began to burble up from my shower drain, I did what any smartphone-dependent person would: I frantically Googled something along the lines of poop coming from shower drain bad what to do. I was met with a slew of cookie-cutter websites, most of which appeared hastily generated and were choked with enough repetitive buzzwords as to be barely readable. Virtually everything I found was unhelpful, so we did the old-fashioned thing and called a professional. The emergency came and went, but I kept thinking about those middling search results—how they typified a zombified internet wasteland. READ MORE

How to Value Your Startup Today: Look Toward Tomorrow

Ella Fitzgerald famously quipped, “It isn’t where you came from, it’s where you’re going that counts.”

The American crooner’s advice, it turns out, is appropriate not just for jazz singers but also for companies considering their valuations in the current economic climate.

Here’s how startups should be ascertaining their valuation in today’s market based on these timely words. READ MORE

Many C-suite executives want to quit over burnout: survey

More than two-thirds of executives in corporate America’s top-earning C-suites say they are mulling whether to quit their jobs due to burnout, according to the results of a Deloitte survey released Wednesday.

The survey found that 69% of C-suite executives said they were “seriously considering quitting for a job that better supports their well-being.” That was compared to 57% of regular employees who answered the same way. READ MORE

U.S. tech companies yank job offers, leaving college grads scrambling

One by one, over the last week of May, Twitter Inc rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients.

“It was traumatic,” Iris Guo, an incoming associate product manager living in Toronto, told Reuters. She received the bad news in a 10:45 p.m. video call that her position had been eliminated. Since then, she has raced to find new employment in order to secure her U.S. work visa. READ MORE

CEO reveals the generational data behind the Great Reshuffle—and the Gen Z trend should frighten employers

LinkedIn CEO Ryan Roslansky has issued a word of warning to employers grappling with an intensifying battle for talent: “Motivate and inspire Gen Z, or risk being left behind.”

The professional social-network chief was addressing a crowd of advertising and marketing professionals in a packed conference hall in Cannes, France, where he discussed what LinkedIn data revealed about a shifting generational attitude toward the workplace. READ MORE

Performance management for today? Simple, relevant and in the flow of work

One of the most frustrating and archaic HR practices is performance management, a process with which many companies struggle even today.

To move beyond the struggle, the first and primary realization we must accept is that performance management is not for HR’s benefit. Performance management is actually what its name implies: It’s all about managing people, work and projects. READ MORE

How to Make Strategic Trade-Offs

When CEOs lay out multiple high-level objectives, like increasing market share, entering new markets, and pursuing innovation — all at the same time — they enthusiastically tout the advantages of each. They set ambitious numerical targets. They rally the troops behind the vision. But they rarely talk explicitly about how much value they are willing to sacrifice in one of those objectives to achieve more value in another. When it comes to their strategic objectives, they naturally “want it all” and resist talking about sacrifice. In the absence of explicit guidance, executives and the managers beneath them substitute their own judgment for the CEO’s, weighting conflicting objectives differently and, by doing so, pull the organization in many misaligned directions at once. READ MORE

SpaceX employees draft open letter to company executives denouncing Elon Musk’s behavior

An open letter to SpaceX decrying CEO Elon Musk’s recent behavior has sparked open discussion among the company’s employees in an internal chat system. Employees are being encouraged to sign onto the letter’s suggestions, either publicly or anonymously, with a signed version of the letter to be delivered to the desk of SpaceX president Gwynne Shotwell. READ MORE

Wells Fargo says the US will fall into recession after the Fed delivers its biggest rate hike since 1994

Economists at Wells Fargo said Wednesday they expect the US to tip into a recession in 2023 after the Federal Reserve hiked interest rates by the biggest amount since 1994 in a bid to choke off inflation.

The Fed's move prompted a shifting of views on Wall Street about the US growth outlook, with analysts across the board saying the risks of a recession are rising. READ MORE

From Great Resignation to Forced Resignation

The Great Resignation is pivoting to a Forced Resignation.

Thousands of layoffs in the tech sector, compounded by hiring freezes and a slowdown in hiring, highlight the abrupt shift in fortunes over the past several months as a result of rampant inflation, fear of stagflation and recession, supply-chain interruptions, the war in Ukraine, an ailing stock market and other red-alert economic factors. READ MORE