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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.

2023 277
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How to Stay Motivated While Job Hunting During the Holidays This Year

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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

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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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How To Hire And Manage Freelancers, According To Experts

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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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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.

2021 287
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Five Must-Haves Every Aspiring Digital Nomad Needs To Succeed In 2024

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citizens remote work opportunities are now at their lowest point since 2020, but demand for these positions remains extremely high. Four Examples: Barbados: The country’s initiative , which was announced on June 30, 2020, has approved 400 digital nomads in the past year — primarily from the United States.

2024 264
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Entrepreneur Jason Tartick on Making the Most of Unexpected Opportunities

Success

Carving Out His Niche Tartick used the skills that brought him corporate success—his energy, analytical nature and entrepreneurial spirit—to help him find his footing in his next career. In 2020, when the market crashed, Tartick polled his followers, asking them to define in three sentences the S&P 500.