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CitarMeta To Cut 3,600 Jobs, Targeting Lowest PerformersPosted by msmash on Tuesday January 14, 2025 @11:15AM from the no-mercy dept.Meta is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to a company memo. From a report:CitarAs of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News. "We typically manage out people who aren't meeting expectations over the course of a year," he said, "but now we're going to do more extensive performance-based cuts during this cycle."Saludos.
Meta To Cut 3,600 Jobs, Targeting Lowest PerformersPosted by msmash on Tuesday January 14, 2025 @11:15AM from the no-mercy dept.Meta is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to a company memo. From a report:CitarAs of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News. "We typically manage out people who aren't meeting expectations over the course of a year," he said, "but now we're going to do more extensive performance-based cuts during this cycle."
As of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News. "We typically manage out people who aren't meeting expectations over the course of a year," he said, "but now we're going to do more extensive performance-based cuts during this cycle."
Cita de: Cadavre Exquis en Enero 15, 2025, 08:26:07 amCitarMeta To Cut 3,600 Jobs, Targeting Lowest PerformersPosted by msmash on Tuesday January 14, 2025 @11:15AM from the no-mercy dept.Meta is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to a company memo. From a report:CitarAs of September, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs. "I've decided to raise the bar on performance management and move out low-performers faster," Chief Executive Officer Mark Zuckerberg said in the note posted to an internal message board and reviewed by Bloomberg News. "We typically manage out people who aren't meeting expectations over the course of a year," he said, "but now we're going to do more extensive performance-based cuts during this cycle."Saludos.Vaya titular asustaviejas. Meta va a despedir, sí, y luego a recontratar. Eso va en línea con la eliminación de "verificadores" y censores y la retirada de políticas DEI. Pero dicho de la manera que lo dice el títular parece que viene el lobo y todos acojonados y volviendo a la oficina.O Meta se reinventa para dedicarse a Defensa o veremos dónde está en 10 años.
CitarUS Employee Engagement Sinks To 10-Year LowPosted by msmash on Tuesday January 14, 2025 @09:40AM from the state-of-affairs dept.Employee engagement in the U.S. fell to its lowest level in a decade in 2024, Gallup reported Tuesday, with only 31% of employees engaged. This matches the figure last seen in 2014. The percentage of actively disengaged employees, at 17%, also reflects 2014 levels. Gallup:CitarThe percentage of engaged employees has declined by two percentage points since 2023, highlighting a growing trend of employee detachment from organizations, particularly among workers younger than 35.These are among the findings of Gallup's most recent annual update of U.S. employee engagement. Though engagement increased slightly midyear, it declined through the rest of 2024, finishing the year at its decade low. In Gallup's trend dating back to 2000, employee engagement peaked in 2020, at 36%, following a decade of steady growth, but it has generally trended downward since then.Each point change in engagement represents approximately 1.6 million full- or part-time employees in the U.S. The declines since 2020 equate to about 8 million fewer engaged employees, including 3.2 million fewer compared to 2023. Among the 12 engagement elements that Gallup measures, those that saw the most significant declines in 2024 (by three points or more in "strongly agree" ratings) include:Clarity of expectations. Just 46% of employees clearly know what is expected of them at work, down 10 points from a high of 56% in March 2020.Feeling someone at work cares about them as a person. Currently, 39% of employees feel strongly that someone cares about them, a drop from 47% in March 2020.Someone encouraging their development. Only 30% strongly agree that someone at work encourages their development, down from 36% in March 2020.People of all ages come to work seeking role clarity, strong relationships and opportunities for development, but managers, combined, are progressively failing to meet these basic needs. However, managers themselves are faring no better than those they manage, with only 31% engaged.Saludos.
US Employee Engagement Sinks To 10-Year LowPosted by msmash on Tuesday January 14, 2025 @09:40AM from the state-of-affairs dept.Employee engagement in the U.S. fell to its lowest level in a decade in 2024, Gallup reported Tuesday, with only 31% of employees engaged. This matches the figure last seen in 2014. The percentage of actively disengaged employees, at 17%, also reflects 2014 levels. Gallup:CitarThe percentage of engaged employees has declined by two percentage points since 2023, highlighting a growing trend of employee detachment from organizations, particularly among workers younger than 35.These are among the findings of Gallup's most recent annual update of U.S. employee engagement. Though engagement increased slightly midyear, it declined through the rest of 2024, finishing the year at its decade low. In Gallup's trend dating back to 2000, employee engagement peaked in 2020, at 36%, following a decade of steady growth, but it has generally trended downward since then.Each point change in engagement represents approximately 1.6 million full- or part-time employees in the U.S. The declines since 2020 equate to about 8 million fewer engaged employees, including 3.2 million fewer compared to 2023. Among the 12 engagement elements that Gallup measures, those that saw the most significant declines in 2024 (by three points or more in "strongly agree" ratings) include:Clarity of expectations. Just 46% of employees clearly know what is expected of them at work, down 10 points from a high of 56% in March 2020.Feeling someone at work cares about them as a person. Currently, 39% of employees feel strongly that someone cares about them, a drop from 47% in March 2020.Someone encouraging their development. Only 30% strongly agree that someone at work encourages their development, down from 36% in March 2020.People of all ages come to work seeking role clarity, strong relationships and opportunities for development, but managers, combined, are progressively failing to meet these basic needs. However, managers themselves are faring no better than those they manage, with only 31% engaged.
The percentage of engaged employees has declined by two percentage points since 2023, highlighting a growing trend of employee detachment from organizations, particularly among workers younger than 35.These are among the findings of Gallup's most recent annual update of U.S. employee engagement. Though engagement increased slightly midyear, it declined through the rest of 2024, finishing the year at its decade low. In Gallup's trend dating back to 2000, employee engagement peaked in 2020, at 36%, following a decade of steady growth, but it has generally trended downward since then.Each point change in engagement represents approximately 1.6 million full- or part-time employees in the U.S. The declines since 2020 equate to about 8 million fewer engaged employees, including 3.2 million fewer compared to 2023. Among the 12 engagement elements that Gallup measures, those that saw the most significant declines in 2024 (by three points or more in "strongly agree" ratings) include:Clarity of expectations. Just 46% of employees clearly know what is expected of them at work, down 10 points from a high of 56% in March 2020.Feeling someone at work cares about them as a person. Currently, 39% of employees feel strongly that someone cares about them, a drop from 47% in March 2020.Someone encouraging their development. Only 30% strongly agree that someone at work encourages their development, down from 36% in March 2020.People of all ages come to work seeking role clarity, strong relationships and opportunities for development, but managers, combined, are progressively failing to meet these basic needs. However, managers themselves are faring no better than those they manage, with only 31% engaged.
Falling birth rates raise prospect of sharp decline in living standardsPeople will need to produce more and work longer to plug growth gap left by women having fewer babies, report saysWithout action, ‘younger people will inherit lower economic growth and shoulder the cost of more retirees’ © FT montage: BloombergMany of the world’s richest economies will need to at least double productivity growth to maintain historical improvements in living standards amid sharp falls in their birth rates.A McKinsey report investigating the economic impact of declines in birth rates found that the UK, Germany, Japan and the US would all have to see productivity rise at double the pace seen over the past decade to maintain the same growth in living standards witnessed since the 1990s.The consultancy’s report, published on Wednesday, showed that to match GDP per capita growth between 1997 and 2023, productivity growth in France and Italy would need to triple over the coming three decades. In Spain, it would need to rise fourfold between now and 2050.The report highlights the stark impact of declining birth rates on the world’s most prosperous economies, leaving them vulnerable to a shrinking proportion of the population of working age.Without action, “younger people will inherit lower economic growth and shoulder the cost of more retirees, while the traditional flow of wealth between generations erodes”, said Chris Bradley, director of the McKinsey Global Institute.Governments globally are struggling to contain a demographic crisis amid rising costs for housing and childcare, as well as social factors such as fewer young people being in relationships.Two-thirds of people now live in countries with birth rates per woman below the so-called “replacement rate” of 2.1, while populations are already shrinking in several OECD member states — including Japan, Italy and Greece — along with China and many central and eastern European countries.“Our current economic systems and social contracts have developed over decades of growing populations, in particular working-age populations that drive economic growth and support and sustain people living longer lives,” said Bradley. “This calculus no longer holds.”Bradley, who co-authored Wednesday’s report, said there was “not one lever to fix” the demographic challenges.“It’s going to have to be a mix of injecting more young people into work, longer working lives, and hopefully productivity,” he said.The report follows similar warnings by the Paris-based OECD, which last year said declining birth rates were putting the “prosperity of future generations at risk” and urged governments to prepare for a “low-fertility future”.McKinsey calculated that in western Europe, the decline in the proportion of people of working age could dent GDP per capita over the next quarter century by an average of $10,000 per person.While some economists believe generative AI and robotics could enhance productivity, there is little sign of that happening in a meaningful way yet. Productivity across Europe has largely stagnated since the pandemic, widening a gap that opened up with the US since the financial crisis.The consultancy argued that more countries will have to encourage people to work for longer, following the example of Japan, where the labour force participation rate among people 65 years and older is 26 per cent, compared with 19 per cent in the US and 4 per cent in France.Despite longer working lives, Japan’s GDP per capita has grown by little more than a third of US levels over the past 25 years.“The demographic drag is inexorable and severe, and when it hits, boosting productivity growth becomes even more relevant,” noted the report.The consultancy calculated that to keep living standards rising at the same rate, a German worker would have to work 5.2 additional hours per week or the share of the population in work would need to increase by nearly 10 percentage points from its current level of nearly 80 per cent among people aged 15 to 64 years.The UK and the US required a lower level of additional work thanks to more favourable demographic prospects, but Spain and Italy would also need an increase in the share of people in the labour force by double-digit figures.
Le he dicho a mi colega suizo, que está mediando en una inversión extranjera en un inmueble en España, a través de una sociedad a constituir en España, que lo de la "tributación del 100% del valor del inmueble" es un anuncio político entre otros varios, que ha de concretarse mediante medidas legislativas que pueden ser por el ITP o un impuesto especial. El problema es que el partido de Gobierno ha de negociar con otras fuerzas porque no tiene las mayorías necesarias y que las competencias sobre ITP, si se hace así, están en las regiones que pueden no estar de acuerdo. No le he dicho que es el quinto anuncio de medidas que hace el Gobierno ni que la jurisprudencia europea no es favorable a discriminaciones en la circulación de capitales, incluso cuando afecta a terceros países, tal y como dicen hoy en Expansión y yo ya intuía. Me dice mi colega que sigue adelante. Lo cual me recuerda la cuestión sobre las SOCIMI, que según el mismo diario, suben su cotización después de haber estado hace dos meses anunciando que se acababa su régimen fiscal. El régimen sigue y la cotización sube (si es que eso significa algo). No sé para quién trabaja el Gobierno.
Even Harvard MBAs Are Struggling To Land JobsPosted by msmash on Wednesday January 15, 2025 @10:20AM from the closer-look dept.Nearly a quarter of Harvard Business School's 2024 M.B.A. graduates remained jobless three months after graduation, highlighting deepening employment challenges at elite U.S. business schools. The unemployment rate for Harvard M.B.A.s rose to 23% from 20% a year earlier, more than double the 10% rate in 2022.Major employers including McKinsey, Amazon, Google, and Microsoft have scaled back M.B.A. recruitment, with McKinsey cutting its hires at University of Chicago's Booth School to 33 from 71. "We're not immune to the difficulties of the job market," said Kristen Fitzpatrick, who oversees career development at Harvard Business School. "Going to Harvard is not going to be a differentiator. You have to have the skills." Columbia Business School was the only top program to improve its placement rate in 2024. Median starting salaries for employed M.B.A.s remain around $175,000.
CitarEven Harvard MBAs Are Struggling To Land JobsPosted by msmash on Wednesday January 15, 2025 @10:20AM from the closer-look dept.Nearly a quarter of Harvard Business School's 2024 M.B.A. graduates remained jobless three months after graduation, highlighting deepening employment challenges at elite U.S. business schools. The unemployment rate for Harvard M.B.A.s rose to 23% from 20% a year earlier, more than double the 10% rate in 2022.Major employers including McKinsey, Amazon, Google, and Microsoft have scaled back M.B.A. recruitment, with McKinsey cutting its hires at University of Chicago's Booth School to 33 from 71. "We're not immune to the difficulties of the job market," said Kristen Fitzpatrick, who oversees career development at Harvard Business School. "Going to Harvard is not going to be a differentiator. You have to have the skills." Columbia Business School was the only top program to improve its placement rate in 2024. Median starting salaries for employed M.B.A.s remain around $175,000.Saludos.