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This global tech giant is adopting a permanent 'work from home' policy across its offices in 33 countries
- Globant SA, under the leadership of CEO Martin Migoya, has made a groundbreaking move by adopting a permanent 'work from home' policy across its offices in 33 countries, encompassing nearly 30,000 employees.
- Contrary to the trend of mandating office returns, Globant opts for flexibility and connection. Migoya emphasizes the importance of in-person interaction but rejects coercion, stating, "We found that people come, they get together, they use our offices in a different way."
- The company's approach includes revamped office spaces and a softer sell to encourage voluntary returns. With plans for massive hiring and office expansion, Globant prioritizes creating inviting spaces as "a connection engine for the company."
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Learn the 5 reasons how upskilling can help engineers stand out and be successful
- Rapid Technological Change: Engineers need constant upskilling to keep up with evolving technology.
- Integration of AI and Emerging Tech: Expertise in AI, ML, and data science unlocks career opportunities and societal impact.
- Sustainable Engineering Initiatives: Engineers lead green initiatives, requiring tech proficiency and interdisciplinary skills.
- Adaptability in Job Market Flux: Automation shifts demand, urging engineers to continuously update skills for competitiveness.
- Gaining a Competitive Edge: Upskilling sets engineers apart, fostering mastery of niche areas and staying current with trends.
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'This billionaire tech startup' saw the biggest fall in valuation globally in 2024
- In 2024, Byju's, a troubled edtech giant, suffered the largest global valuation drop among startups, plummeting from over $22 billion to below $1 billion due to operational restructuring and rising losses.
- Hurun Research Institute's Global Unicorn Index revealed a record 1,453 Unicorns worldwide, with the US leading at 703 and China at 340. India saw a slight dip in Unicorn numbers, down to 67.
- Fintech, AI, blockchain, and new energy sectors showed rapid growth, while Indian founders notably spearheaded offshore Unicorn ventures, primarily in the US. Despite setbacks, such shifts remain integral to economies, noted Hurun Report chairman Rupert Hoogewerf.
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Millionaire entrepreneur reveals no 1 skill for the AI era; It's not coding
- In an era dominated by artificial intelligence and technological advancements, Scott Galloway, a millionaire entrepreneur, unveils the paramount skill for success: storytelling.
- Emphasizing effective communication over coding prowess, Galloway underscores the enduring value of articulating ideas with clarity and impact. In an interview with CNBC Make It, he urges young individuals to cultivate the ability to convey narratives, supported by data and visuals.
- Galloway cautions against overreliance on AI tools, advocating for expertise and specialization instead.
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What to do about ‘shift shock’? The No. 1 reason why Gen Z and Millennial workers are quitting their new jobs
- Shift shock, the leading cause of attrition among Gen Z and Millennial employees, stems from a misalignment between expectations and reality in the workplace.
- Kathryn Minshew, founder of The Muse, highlights factors contributing to this phenomenon, including opaque job descriptions, disrespectful managerial behavior, and toxic work environments. According to research by The Muse, a staggering 75% of Millennial and Gen Z workers are willing to quit within the first six months due to shift shock.
- To mitigate this issue and enhance retention, HR professionals should prioritize transparency in recruitment, hold managers accountable for their conduct, foster diversity and inclusion, and establish clear remote work policies.
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Lenny's Newsletter
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The GitLab way: Kindness, transparency, and short toes | David DeSanto (CPO)
- GitLab, the largest remote-only company in the world, emphasizes transparency and overcommunication
- They share internal meetings on YouTube and maintain a public issue tracker
- GitLab's core values include kindness, having “short toes,” and responsibility at lower levels
- They promote effective communication in remote work and use humor in high-stakes conversations
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Leah’s ProducTea
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54: Anthony Pierri - Positioning your B2B Startup through your Homepage
- Founders should narrow down their target audience and focus on specific use cases to effectively communicate their value proposition.
- Copying the messaging of larger companies may not be effective for startups, as they have different levels of risk and value propositions.
- Startups have an advantage as flexible specialists, offering solutions that larger enterprises cannot provide.
- Qualitative feedback and testing are essential to ensure that the messaging resonates with customers.
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The Growth Catalyst
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The Master Mental Model for PM Interviews
- The Master Mental Model for PM Interviews states that interview preparation isn't different from the actual job and doing one can make you better at the other, provided you understand the link between both and there is a clear 'why' behind the interview questions of every company.
- A PM job has three different stages of a product, Pre-PMF, growth, and maturity, and each product stage requires different skills such as market-sizing, user research, problem-solving, design, tech, data, and go-to-market strategy.
- PM interview questions can be categorized into eight categories such as opportunity sizing and guesstimates, market entry, product sense, technical, go-to-market strategy, growth, behavioral, and leadership.
- Improving your real skills in the different stages of a product can be a true differentiator in the interviews, and understanding the 'Why' behind the interview questions becomes much easier if you can understand the role and the company's stage and culture.
- Each PM interview guide will cover the relevance of the question type, companies that love the question the most, the most popular question around it, approach or framework to solve it, end-to-end example of each sub-type, key mistakes, and examples of such mistakes, subjective questions database for further practice, books around the topic and articles, videos around it and their ratings as well.
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Leah’s ProducTea
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The SAFe misery and what to learn from it
- As companies scale, convoluted and overly complicated processes often arise, which are often put in place too soon.
- Processes should be eliminated as much as possible in order to allow people to innovate and find solutions.
- Dependencies should be removed, which can be done by promoting cross-functional teams, insourcing competencies, and allowing budget autonomy.
- Introducing processes that involve more than one team's alignment is not manageable efficiently at scale, as people become quickly misaligned.
- Teams are comprised of people and individuals who become more efficient if we allow them to stay together for some time instead of treating them like pawns that get shifted around.
- If processes are needed, they should primarily be focused on keeping teams talking to each other while keeping them autonomous.
- Good processes do exist, and they keep everyone as autonomous as possible by aligning on outcomes and not just ensuring they adhere to rules.
- Skills should be prioritized over processes, and teams should not be forced to use processes that don't work for them.
- Product leaders must work to keep these processes at bay and build lightweight organizations where people can be their best versions every day.
- Autonomous teams beat convoluted top-down structures any day.
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Minis
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Indian IT giants ride US jobs boom, hire more and more techies
- Indian IT giants leverage the US tech hiring surge, bolstering their workforce with 6,000 new hires last month. TCS, Infosys, HCL, Wipro, and LTI Mindtree collectively employ over 135,000 in the US, contributing 2% to the tech industry.
- March saw 191,000 new tech job postings, predominantly in software development and cloud infrastructure, with cities like New York, Washington, and Dallas showing high demand.
- HDFC Securities predicts a 3.1% increase in the US tech workforce for 2024. Despite 2023 layoffs, hiring is poised to rebound, driven by demand and revenue growth, with growth expected to resume in FY25.
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‘Never end the job interview before asking this No. 1 question,’ says career expert of 15 years
- In every job interview, there's one crucial question that many candidates overlook: "Why is this job open?" This simple query can reveal invaluable insights about the role and the company's expectations.
- Firstly, it might unveil if it's a new position, offering a chance to set standards from the start. Secondly, it could indicate if you're replacing a stellar performer, motivating you to match or exceed their achievements. Finally, it could highlight if there were challenges with the previous employee, prompting you to assess if you're the right fit.
- By posing this question, candidates demonstrate preparedness, professionalism, and genuine interest, leaving a lasting impression on potential employers.
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‘Chronoworking’: Another career trend to achieve work-life balance in 2024
- Chronoworking, a rising trend, tailors work schedules to individual circadian rhythms, departing from traditional nine-to-five norms.
- By aligning tasks with peak performance times, it enhances productivity and job satisfaction. Challenges arise in team settings, demanding communication and adaptability. While employers strive for people-centric practices, implementing chronoworking requires careful planning and gradual adjustments.
- Open dialogue and flexible frameworks foster successful integration, reinforcing trust and satisfaction. Effective implementation involves incremental changes and performance monitoring.
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Minis
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Bill Gates ‘didn’t take vacations’ and even worked on weekends; then this changed
- Bill Gates, once relentless in work, changed his approach over time. Initially, he shunned vacations and weekends, micromanaging employees' hours at Microsoft.
- Reflecting on parenthood and maturity, he now advocates for work-life balance, advising against excessive intensity. Gates emphasizes self-compassion, urging individuals not to perceive relaxation as laziness.
- He shares wisdom on problem-solving, advocating for learning from others and effective time management, inspired by Warren Buffett's minimalist calendar. Finally, Gates stresses the virtue of patience in leadership, highlighting its role in making thoughtful decisions.
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Minis
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Here's what to do when you don't get the raise you expected
- Evaluate Performance: Assess your contributions objectively to understand any gaps between expectations and outcomes.
- Communicate Constructively: Schedule a meeting with your manager to discuss your appraisal openly and seek constructive feedback.
- Explore Alternatives: Consider non-monetary perks, such as flexible hours or professional development opportunities, as potential compensations.
- Plan Strategically: Develop a plan to enhance your skills and performance, positioning yourself for a more favorable appraisal in the future.
- Market Check: Assess your worth in the job market to explore alternative opportunities if necessary.
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Lenny's Newsletter
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A framework for finding product-market fit | Todd Jackson (First Round Capital)
- Todd Jackson, First Round Capital Partner, presented a four-level product-market fit framework in this podcast.
- Level 1: Nascent product-market fit is for finding the problem worth solving and to validate the solution
- Level 2: Developing PMF is finding scalable demand channels and making the product do the heavy lifting.
- Level 3: Strong product-market fit is when the business gains momentum, referrals coming in more easily and founders have a scalable demand channel.
- Level 4: Extreme product-market fit is achieved when the company has achieved significant milestones, metrics are robust, with the team more than 100 people.
- Todd also shared the timelines it takes to achieve each level, and the goals and challenges to beat.
- Todd discussed the common signs a founder can’t get past a level and what to do.
- Todd advised founders stuck at a level to reassess one or more of the four P’s: persona, problem, promise, product.
- Todd pointed out a focus on expanding the total addressable market (TAM) through new products or markets is crucial for sustained growth.
- The product-market fit framework by First Round Capital consists of coached sessions for startups through the PMF program.
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