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The Product Manager’s Playbook: Eight Skills That Define Success

Exceptional product managers excel in core competencies that define successful product leadership, such as strategic thinking and market foresight.
They anticipate market trends, identify gaps, and position products for long-term success.
Communication is crucial for product managers who must translate between technical teams, business stakeholders, and end users.
Effective communication involves inspiring action, influencing decisions, and fostering consensus among diverse stakeholders.
Product managers lead by setting a clear vision, empowering team members, and cultivating collaborative cultures.
Empathy is a vital asset for product managers to understand and advocate for user needs throughout the development process.
Problem-solving is fundamental in product management, requiring systematic approaches and proactive solutions.
Data-driven decision-making is essential, combining quantitative analysis and qualitative insights to inform strategic actions.
Skilled negotiation and consensus-building are crucial for navigating complex dynamics and diverse stakeholder interests.
Successful product managers drive innovation by executing ideas effectively and bridging visionary concepts with practical delivery.

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Crafting Compelling Objectives & Key Results

Crafting compelling Objectives and Key Results (OKRs) involves setting clear and inspirational Objectives paired with measurable Key Results.
Objectives should be bold, aspirational, easy to remember, and have a clear deadline, while Key Results should be specific, outcome-focused, and tied to measurable benchmarks.
Product OKRs should be horizontally aligned across functions like UX, engineering, marketing, and customer success to foster collaboration and avoid duplicate efforts.
Drafting OKRs involves brainstorming high-impact Objectives and measurable Key Results, ensuring each is SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
Clear ownership, constant visibility, and regular feedback loops are essential for successful OKR implementation.
The Jira team's successful use of OKRs involved running tactical experiments under each Key Result, demonstrating the importance of aligning OKRs with strategic vision.
Deciding whether to reset or roll over OKRs at quarter-end depends on the achievement and alignment of each Key Result with current business realities.
OKRs should be reviewed by executive sponsors or key business partners for validation and sign-off to ensure alignment with overall strategic goals.
Missteps like vague or unmeasurable Key Results and lack of clear ownership can derail OKR success.
Weaving OKRs into daily activities, displaying them visibly, and assigning clear ownership with regular check-ins are crucial for maintaining focus and accountability.
The article emphasizes the importance of setting inspiring OKRs that tie back to real business impact and involve strategic alignment across different functions.

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HRKatha

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Reddit buzz fuels concerns of mass exit by Indian tech workers from the US

Growing anxiety and uncertainty among Indian tech professionals in the US highlighted in viral Reddit discussions.
Concerns include rising layoffs, visa complications, and the impact of artificial intelligence on job prospects.
Users on Reddit warn of a potential 'mass exodus' of Indian and Chinese tech workers on H-1B visas.
Increased rejection rates for F-1 to H-1B transitions and more layoffs among visa holders contribute to the unease.
Companies are favoring local hires amidst political and economic pressures.
Challenges faced by H-1B holders include job security, green card wait times, and changing immigration policies.
Shift towards AI in tech roles adds to the sense of instability for foreign tech workers.
Advice on Reddit suggests considering options like relocating back to India, especially with employer support.
No guarantee of long-term security for tech professionals, with advanced degrees and US job offers not ensuring stability.
Discussions reflect concerns about the viability of the American dream for foreign tech workers.
Uncertainty over immigration policies and job prospects leading some to reconsider staying in the US.
Suggestions to assess permanent residency options and weigh relocating back to India for better stability.
Growing recognition that tech industry dynamics and external factors impact job security and career prospects.
The Reddit threads showcase the evolving challenges faced by foreign tech workers in the US.
Significant interest and engagement among users on Reddit regarding the future of Indian tech workers in the US.

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July will see restructuring, job cuts at Intel

Intel is planning to restructure and cut jobs in July to streamline operations at its factories under the new CEO, Lip-Bu Tan.
Reports suggest that Intel had aimed to cut its workforce by at least 15% in August 2024, letting go of over 15,000 employees to achieve cost savings of $10 billion by 2025.
Under CEO Pat Gelsinger, the impacted employees were notified by October as part of the planned job cuts.
Since Lip-Bu Tan became CEO in March 2025, he has been implementing processes to simplify operations, with key teams like AI, PC chips, and the data center reporting directly to him.
Intel aims to handle global chip industry competition through strategic transformation.
Departments are tasked with finding ways to reduce headcount while meeting financial targets set by senior leadership.
The restructuring at Intel is expected to make the organization less complex, empower the engineering teams, and improve client satisfaction and organizational agility.
These measures come amidst declining PC demand and increased market competition.
The restructuring and job cuts aim to position Intel better in the changing market dynamics.
Intel's focus is on becoming more agile and enhancing customer satisfaction through these changes.
The overall goal is to increase competitiveness in the chip industry.
The restructuring plan aligns with Intel's strategy to adapt to industry challenges and strengthen its position.
The job cuts and restructuring are set to begin in July to realign Intel's operations and boost efficiency.
The measures will result in a leaner organizational structure and empower engineering teams within Intel.
The job cuts and restructuring efforts aim to streamline operations and improve Intel's competitive edge in the chip industry.

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99Bitcoins

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Japan’s Metaplanet Boosts Bitcoin Stash By 1,112: Hits 10,000 BTC Total

Japan’s Strategy equivalent, Metaplanet, acquires an additional 1,112 Bitcoin, reaching a total of 10,000 BTC as of June 16, 2025.
The company issued $210 million worth zero-interest bonds to fund the acquisition.
CEO Simon Gerovich announced the acquisition of 1,112 BTC for $117.2 million at $105,435 per Bitcoin, leading to a BTC Yield of 266.1% YTD 2025.
Metaplanet now holds 10,000 BTC bought for $947 million at $94,697 per Bitcoin.
Michael Saylor, a significant Bitcoin advocate, congratulated Metaplanet on its Bitcoin accumulation.
Metaplanet credited Saylor, stating, 'Standing on the shoulders of giants.'
Metaplanet and Strategy are at the forefront of corporate Bitcoin adoption, with recent acquisitions showing their commitment.
Between May 19 and May 25, 2025, Strategy acquired 4,020 Bitcoins, totaling 580,250 BTC.
Strategy is one of the largest corporate Bitcoin holders globally.
CNBC’s Jim Cramer suggested that Apple should consider buying Bitcoin.
Metaplanet achieved its target of acquiring 10,000 BTC earlier than expected, positioning it as a major Bitcoin holder.
Metaplanet now stands as the seventh-largest publicly traded Bitcoin owner, surpassing Coinbase.
The company's rapid Bitcoin accumulation showcases its robust investment strategy.
The news was reported on 99Bitcoins.
Metaplanet's aggressive Bitcoin accumulation strategy is paying off, making it a significant player in the cryptocurrency space.

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HRKatha

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Starbucks revives café culture with fresh focus on seating and staff growth

Starbucks is prioritizing store managers as part of its turnaround plan, focusing on cafe seating and internal growth.
The company is reintroducing cafe seating to restore the 'third place' atmosphere, emphasizing community and comfort.
At a recent leadership event, the emphasis was on reviving the cafe culture to encourage customer interaction and longer visits.
Starbucks aims to create thousands of new leadership positions in the US, with a focus on promoting internal talent.
Plans include increasing the percentage of leadership roles filled by existing partners from 60% to 90%.
To support store leadership, most North American stores will have a full-time assistant manager starting next year.
Changes are driven by concerns about staff burnout and limited labor allocation.
Starbucks is empowering store managers with more autonomy in staffing decisions and involving them in product testing.
The company is not just focusing on customer satisfaction but also partner engagement to enhance its brand experience.

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Forbes

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Money Market Interest Rates Today: June 16, 2025 – Earn Up To 4.89%

Money market interest rates today are reported to have an average rate of 0.53%, with the highest rate reaching up to 4.89%, as per Curinos.
Money market accounts (MMA) are interest-bearing deposit accounts provided by banks and credit unions, allowing deposits and earning interest.
Withdrawals from MMAs are flexible, but some institutions may limit transactions to six per statement period.
MMAs generally offer higher interest rates compared to traditional savings accounts and may include features like debit cards and check-writing options for easy access to funds.
Bank MMAs are insured by the FDIC, while credit union MMAs are insured by the NCUA, offering protection up to $250,000 per account type in case of bank failure.
When opening a money market account, it's advisable to compare yields, ensure you meet minimum requirements, consider fees, withdrawal limits, and account features.
To start an account, apply online or in person at a bank branch, provide personal details, a government-issued ID, and meet the minimum initial deposit requirement.
Money market accounts operate like a hybrid of savings and checking accounts, combining features of both types of accounts.
Similar to savings accounts, MMAs offer higher interest rates, while resembling checking accounts by facilitating access to funds through options like check writing and debit cards.

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Forbes

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Today’s HELOC & Home Equity Loan Rates: June 16, 2025

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
A home equity loan is a fixed-rate, lump-sum loan allowing borrowers to access up to 85% of their home's value in monthly installments.
A HELOC is a variable-rate second mortgage that offers a revolving line of credit based on the home's value.
Both options require property collateral, with the risk of property seizure for non-payment.
Different loan amounts cater to various financial needs, such as $100K for renovation projects, $250K for major investments, and $500K for substantial financing.
Various term lengths like 5, 10, 15, 20, and 30 years offer different repayment periods and affordability levels.
HELOC rates depend on bank performances, while the Federal Reserve's interest rate changes directly affect HELOC rates.
Calculating home equity involves deducting the mortgage balance from the current home value.
Homeowners can leverage home equity for various purposes like home improvements, debt consolidation, and educational expenses.
Understanding loan-to-value (LTV) ratio is crucial as lenders often have thresholds for approving home equity loans or lines of credit.

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Forbes

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High-Yield Savings Account Rates Today: June 16, 2025 – Rates Are Steady

Rates on high-yield savings accounts remain the same compared to last week, with potential to earn up to 5.84%.
Traditional savings accounts have historically offered minimal interest post-recession, but rates have been increasing.
Online banks and credit unions typically provide higher interest rates than brick-and-mortar banks.
The current average APY for traditional savings accounts is 0.22%, while high-yield accounts offer more but may require certain conditions.
The highest interest rate on high-yield accounts with a $10,000 deposit is 4.88%.
High-yield savings accounts with a $25,000 minimum deposit offer rates up to 3.94%.
When choosing a savings account, consider the interest rate, minimum deposit requirements, and associated fees.
Ensure the bank or credit union is reputable, with FDIC or NCUA insurance for account protection.
Brick-and-mortar banks may offer lower interest rates compared to online-only banks, which can provide rates exceeding 4.00% APY.
Be cautious of fees like monthly maintenance fees and excess withdrawal charges that can impact your savings.
Prioritize understanding fees and insurance coverage before finalizing a savings account choice.
Curinos calculates average rates for personal use savings accounts, excluding certain specialized account types.

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Forbes

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Today’s Mortgage Refinance Rates: June 16, 2025 – Rates Hold Steady

30-year fixed refinance mortgage rates held steady at 6.81%, with 15-year rates at 5.75% and 20-year rates at 6.6%.
APR for a 30-year fixed-rate mortgage is 6.84%, costing $653/month for a $100,000 loan; total interest paid about $135,605.
For a 20-year fixed refinance, average rate is 6.6%, APR is 6.64%, costing $751/month for a $100,000 loan; total interest around $80,879.
15-year fixed refinance mortgage rates stand at 5.75%, with an APR of 5.79%, costing $830/month for a $100,000 loan; total interest about $49,898.
30-year fixed-rate jumbo refinance loans at 7.06% and 15-year fixed-rate jumbo refinance at 6.39%, with corresponding monthly payments and total interest costs provided.
Refinancing rates vary by program and can be higher, especially cash-out refinance rates; government-backed loans like FHA and VA may offer lower rates.
Consider factors like current interest rate, loan term, and potential savings when deciding on mortgage refinance; use calculators to determine break-even point.
Refinancing can lower interest rates, monthly payments, pay down mortgage sooner, access equity, or eliminate PMI; closing costs should be factored in.
Track national average mortgage rates, as they impact refinancing trends; experts anticipate rates in the mid-to-high 6% range for 2025.
Improving credit score and financial stability can help secure lower refinancing rates; experts predict potential rate decreases by end of the year.

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Forbes

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CD Rates Today: June 16, 2025 – Take Home Up To 5.02%

The best CD rates top out at 5.02%, with terms varying.
Interest rates for 3-month CDs range from 1.3% to 4.67%.
Highest yield for 6-month CDs is 4.94%, with an average APR of 1.77%.
12-month CD rates have a maximum of 5.02% and an average of 1.83%.
2-year CD rates go up to 4.52%, with an average APY of 1.65%.
For 3-year CDs, the highest rate is 4.26%, average APY being 1.58%.
5-year CDs offer the highest rate at 4.26%, averaging 1.59%.
Jumbo CD rates reach 4.94% for a 6-month term, average APY is 1.82%.
Wide net to find best CD rates: consider banks, credit unions, and digital firms.
Limited deposits for CDs, early withdrawal penalties can be significant.

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Mortgage Rates Today: June 16, 2025 – 30-Year Rates Steady, 15-Year Rates Down

Today's mortgage rates: 30-year fixed at 6.75%, 15-year fixed at 5.74%, and 30-year jumbo at 7.03%.
Comparison of today's rates to last week's rates: 30-year fixed down from 6.83% to 6.75%, with an APR of 6.78%.
Average APR for a 15-year fixed mortgage is 5.79%, down from 5.9% last week.
Considerations for 30-year fixed ($100k loan: $649/month, $134,190 total interest), 15-year fixed ($100k loan: $830/month, $49,860 total interest), and 30-year jumbo ($100k loan: $667/month, $140,622 total interest).
Mortgage rates impacted by Federal Reserve decisions, U.S. Treasury bond yields, and global events like Covid-19.
Federal Reserve's restrictive monetary policy contributes to higher long-term mortgage rates.
Applying with multiple lenders within a 45-day window allows for credit history checks without affecting credit scores.
High mortgage rates and limited housing supply contribute to elevated home prices, posing challenges for homebuyers.
Factors influencing mortgage rates include DTI ratio, credit score, and economic indicators.
Focus on getting rate quotes for different loan programs and considering conventional or government-backed mortgages for better rates.

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HRKatha

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Google steps up RTO with mandatory hybrid work schedule

Google is implementing a stricter return-to-office policy for employees, emphasizing in-person presence and uniform work arrangements.
Employees within 50 miles of a Google office are required to follow a hybrid work model, spending three days a week in the office.
The policy will be fully effective by September 2025 and aims to establish consistent work norms and routines.
Teams like Search, Ads, Commerce, and Core Engineering are directly affected, with exceptions for certain departments like DeepMind and YouTube.
Employees not complying with the new policy may opt for voluntary exit packages through the Voluntary Exit Programme.
Google is scaling back remote work privileges to focus on collaboration, employee accountability, and team cohesiveness.
The company believes that face-to-face interaction is crucial for its long-term goals, particularly in advancing AI and infrastructure.
The updated policy signals Google's eagerness to reduce remote flexibility and enhance in-person work engagements.

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HRKatha

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Why career progression no longer needs a managerial badge

Career progression no longer requires people management according to a growing cohort of millennials and Gen Z professionals.
Companies are redefining leadership and recognizing excellence beyond traditional managerial roles.
Progressive companies are offering alternative advancement routes such as 'principal engineer' and 'lead analyst' without people management responsibilities.
Challenges in implementing dual career tracks include organizational structure limitations and cultural barriers.
Evaluating and rewarding individual contributors now focus on impact, influence, and expertise rather than headcount.
Coaching is essential in transforming company culture to value excellence beyond traditional metrics.
Companies need both types of leaders - those excelling in managing people and those leading through expertise and innovation.
Rethinking professional success to value contribution over control is crucial in the knowledge-driven economy.
Recognizing excellence through excellence rather than reporting lines is essential for modern organizations.
The shift signifies a fundamental reimagining of professional success, emphasizing the value of expertise and innovation.

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Medium

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Product Strategy Lessons From the Crux

Strategy is about focusing attention and resources on overcoming a significant challenge.
The crux is where commitment to actions is crucial in overcoming critical obstacles.
Start by understanding and addressing the crux before setting goals.
Strategy involves making judgments based on analysis of challenges, resources, and opportunities.
Create a strategy by diagnosing challenges, identifying opportunities, and prioritizing actions.
Break down complex challenges into sub-problems and seek expert advice if necessary.
A strategy should focus on addressing immediate challenges rather than distant goals.
Effective strategies focus on critical issues that can be tackled successfully.
Strategies must be coherent and complement each other to yield power.
Seeking advantages through asymmetry can provide leverage in overcoming challenges.

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