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Strategy News
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What tech layoffs have taught managers about hiring in the times of recession
- Tech layoffs during the economic downturn have prompted managers to learn from Apple's hiring strategy, focusing on function and skills instead of indiscriminate hiring for experimental offerings.
- The decline in on-campus hiring highlights the need for managers to align business objectives and hiring requirements, considering the inability of colleges to provide online learning and outdated curricula.
- Upskilling programs have emerged as a key tool for companies and individuals to foster resilience and growth, enabling a stronger workforce & career advancement opportunities in uncertain economic times.
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What careers to choose in the era of ChatGPT-like AI? Elon Musk answers
- Elon Musk encourages individuals, including his own children, to pursue their passions and interests when considering career paths.
- Musk emphasizes the importance of finding fulfillment in one's work and striving to be as useful as possible to society.
- Despite acknowledging the potential for AI to surpass human capabilities, Musk highlights the significance of seeking meaning beyond job performance.
- Musk advises maintaining motivation and drive by deliberately suspending disbelief, even in the face of rapid AI advancements, and finding ways to coexist with advancing technology.
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Elon Musk strongly opposes remote work; here's what he said
- Elon Musk strongly opposes remote work, calling it "morally wrong" and "bulls***," arguing that in-person work leads to greater productivity and collaboration among employees.
- Musk implemented a strict return-to-work policy at Tesla, requiring employees to work on-site for a minimum of 40 hours per week or risk losing their jobs.
- The shift in Musk's perspective on remote work came in response to the COVID-19 pandemic, leading him to adopt a firm stance against remote work and other preventive measures.
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Engineer earning Rs 56 lakh quits job to travel the world; says 'have been living out of a suitcase'
- 34-year-old mechanical engineer Stanley Aryanto left his high-flying job to embark on a global travel journey, inspiring others to pursue their dreams.
- In 2018, Stanley left his job and embarked on a journey visiting 26 countries, embracing a nomadic lifestyle.
- Reflecting on his experiences, he shared on Instagram, "Since then, I've been living out of a suitcase."
- Previously earning over £55,000 (Rs 56 lakh), he now funds his travels through photography, showcasing his achievements as an award-winning photographer.
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'Mental Trauma Allowance': Bengaluru techies seek compensation for traffic distress
- Traffic congestion brings Bengaluru's IT corridors and critical roads to a standstill, causing frustration among techies and commuters who faced long delays and traffic snarls.
- Social media users express their frustration, suggesting that companies should offer a "mental trauma allowance" for employees forced to endure the city's notorious traffic and insisting on work from office.
- Content creator Ankit Vengurlekar highlights the need for companies to incorporate special allowances for employees who commute in Bengaluru's traffic, proposing terms such as "survival allowance" or "poor choices allowance."
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IT worker on sick leave for 15 years opens up about his reasons to sue IBM
- IT worker Ian Clifford opens up about his reasons for suing IBM over salary increase during 15-year sick leave.
- Clifford's motivation was to provide financial security for his family due to his ongoing battle with stage four leukemia and its impact on insurance, pension, and other aspects.
- He sought a 2.5% pay rise and wants IBM to clarify if a formal salary review was conducted. Settlement offers were made prior to the hearing.
- Despite the employment tribunal judge dismissing his case, Clifford appeals the verdict, emphasizing the significance of his claim.
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Companies should push maternity leave to 9 months: NITI Aayog member
- VK Paul, a member of NITI Aayog, has proposed extending maternity leave from six months to nine months for firms in the public and private sectors.
- Paul emphasized the importance of the private sector's support in creating comprehensive child care facilities, such as opening more creches, to assist working parents.
- Additionally, he highlighted the need for the private sector to contribute towards elderly care initiatives, aligning with NITI Aayog's efforts in providing holistic care solutions.
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Zomato records highest-ever number of orders on Mother's day; CEO Deepinder Goyal's responds
- Zomato reported the highest ever number of orders on Sunday, May 15, with approximately 150 cakes being ordered every minute on Mother's Day.
- Zomato CEO Deepinder Goyal tweeted about the success, stating that Mother's Day is becoming as big as New Year's Eve in terms of order volumes.
- Mother's Day is celebrated annually on the second Sunday of May, which was on May 14 this year.
- Zomato's success on Mother's Day highlights the growing trend of food delivery apps becoming a part of people's celebrations and festivities.
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Zerodha's Nikhil Kamath shares lessons learned from years of stock market trading
- Zerodha's Nikhil Kamath shares insights from his 19 years of stock market trading, highlighting the unpredictability of the future and the need to embrace change in the industry.
- Kamath predicts increased productivity, the potential for universal basic income, and an evolving capitalist landscape as key trends for the next decade.
- Addressing wealth inequality, Kamath advocates for encouraging entrepreneurship and implementing taxes to create a more equitable distribution of capital in the business landscape.
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Top job interview skills that will get you hired in 2023
- Plan your first impression - answer the "tell me about yourself" question by emphasizing what makes you relevant and interesting for the job.
- Sell your strengths - highlight your top three reasons why you would be great for the job, and use facts and quotes to communicate your accomplishments.
- Prepare speaking points - don't script responses word for word, but prepare bullet points for commonly asked questions to stay in control of your message.
- Show enthusiasm for the role - express sincere excitement for the job itself, and explain how you're uniquely qualified and motivated to succeed.
- Tell a good (short) story - use a backstory, highlight your actions and outcomes, keep it under two minutes, and use "I" instead of "we" to make your story engaging and concise.
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Top myths about hiring freezes that could hold your career back
- Hiring freezes are not always absolute; companies may still fill critical positions.
- New positions can be created and exempted from hiring freezes based on project priorities.
- Open roles can be filled if turnover occurs, allowing for backfilling of vacated positions.
- Senior management may consider requests for new staff if a strong business case is presented.
- Many legitimate vacancies are not posted on company websites; networking and referrals are valuable for landing positions during a hiring freeze.
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3 ways to make the most of a work from home Friday
- Despite companies calling employees back to the office, the preference for work-from-home Fridays remains strong. Here are three ways to make the most of a WFH Friday.
- Hit your desk at sunrise: Workers optimize their WFH Fridays by starting early to front load their day, allowing for an early finish and prioritizing self-care.
- Plan the weekend: Remote workers allocate Fridays for personal time, freeing up space to plan activities, spend quality time with family, and create a better work-life balance.
- Enjoy the great outdoors: Remote workers seize the flexibility of WFH Fridays to enjoy nature through activities like yoga, walks, and leisurely pursuits.
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Got 1,000 offers, turned down unicorn valuation: Rewind founder on public pitch
- Rewind AI's Co-founder, Dan Siroker, revealed they received 1,010 investment offers after making their pitch public on Twitter.
- Siroker had to turn down offers from 22 investors who wanted to invest at a billion-dollar valuation, which would have made the startup a unicorn.
- Rewind AI will instead be valued at $350 million in the round led by NEA.
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Can belly fat be the reason for your hair loss?
- There is an indirect link between belly fat and hair loss due to the hormone insulin-like growth factor (IGF-1), which is affected by insulin.
- IGF-1 increases blood flow to the root of the hair bulb, promoting hair growth and preventing hair loss.
- Excess belly fat can be a sign of an unhealthy lifestyle, leading to nutrient deficiencies and chronic stress, which can contribute to hair loss.
- Maintaining a healthy weight, eating a balanced diet, and managing stress levels can help promote healthy hair growth.
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5 Top Tech jobs in high demand amidst hiring slowdown
- Despite economic challenges, these 5 tech jobs are in high demand: Cybersecurity Professionals, due to the increasing threat of cyber-attacks, and Data Scientists & Analysts which thrive amidst the growing data-driven landscape, with a projected 31% job growth by 2029.
- Software Developers & Engineers remain in high demand with an anticipated 22% employment increase by 2029.
- AI & Machine Learning specialists are highly sought after as industries embrace automation and predictive analytics, with a predicted creation of 12 million new jobs by 2025.
- IT Project Managers are in great demand as companies prioritize effective project execution and resource management.
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