Thu.Feb 09, 2023

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Disney to cut 7,000 jobs and reduce costs by a staggering $5.5 billion

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What’s going on: During its quarterly earnings call with investors on Wednesday, Disney announced plans to cut $5.5 billion in costs: $3 billion coming from content and the remaining $2.5 billion from non-content related areas. Additionally, they are cutting 7,000 jobs, representing 3% of their global workforce of 220,000 (166,000 of which are based in the U.S.).

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‘Nice to Meet You’: The Art of Being Introduced

Success

“Chris, I’d like to introduce you to Ellen. I think she may be able to help you with your job search. Good luck! I’ll let you two take it from here.” If you are new—or a little rusty—to the world of networking , important introductions might feel intimidating or even awkward, especially if you don’t know what to say. But remember, introductions are just the first step to new friendships.

Etiquette 280
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The Future of Flex Spaces: Co-everything

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In co-everything, selling space remains the primary way of generating revenue. However, instead of renting out space in an office to work on a computer, space is being rented in a doctor’s office to see patients or in a warehouse to distribute products. This new approach to coworking opens the door for people in other industries to benefit from the community and cost saving aspect of sharing space.

Medical 264
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Lifestyle Entrepreneur Lewis Howes on the Power of Vulnerability and Authenticity

Success

The five-star accolades for Lewis Howes’ School of Greatness podcast are numerous, though two themes among reviewers’ praises stand out: “I’m so grateful; the content saves me hundreds of years of trying to figure out things by myself,” and, “I’m so thankful for Lewis’s curiosity and the authenticity he brings to every conversation.” Being a curious facilitator of life-changing information is exactly what Howes was aiming for when he launched the podcast in 2013, though the path to get there was

Lifestyle 226
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SME Relationships: Proven Solutions for Seamless Collaboration and Success

Speaker: Tim Buteyn, President of ThinkingKap Learning Solutions

💢 Do you find yourself stuck in never-ending review cycles? Are you wondering if your Subject Matter Expert actually got that last review request? Are you having trouble trying to decipher impractical or conflicting feedback? 💢 If any of these scenarios sounds familiar, you may benefit from a crash course on managing SME relationships!

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These are the jobs ChatGPT thinks it will replace

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What’s going on: Fortune asked ChatGPT: “Which jobs do you think ChatGPT will replace?” ChatGPT stated that it “couldn’t forecast the future,” but then posited that certain jobs typically undertaken by humans — such as data entry, data processing, customer service, translations and report writing — could be automated or streamlined using technology like itself.

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Coworking Spotlight: The Clearing in NYC Focuses on Hospitality

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The Clearing is a private daytime work lounge with a dedicated hospitality team, food and beverage from on-site restaurants, and premium meeting rooms. This space provides unique benefits including wine and produce club memberships, plus a robust events calendar that features happy hours, business and wellness workshops, fitness and wellness classes, and more.

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‘How to Be a Champion’ and 10 Other John Wooden Selections of Favorite Poems

Success

As Jim Rohn said, “Miss a meal if you have to, but don’t miss a book.” Coach John Wooden was a voracious reader , wholeheartedly believing in the power of reading. Especially a fan of prose and poetry, he could recite whole passages of his favorite poems. Coach Wooden’s favorite poems about success Wooden’s grandson-in-law, Craig Impelman, shared some of Wooden’s favorite poems with SUCCESS , so read on to discover 11 of them: 1.

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Delta boosts employee salaries by a 5%, their second pay raise in 12 months

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What’s going on: In an impressive sign of a swift turnaround in the airline industry, Delta Air Lines has increased staff pay twice within a year: a 5% boost just recently, following a 4% rise back in May, before the pandemic hit. The new wage boost will bring the total pay raise for all non-bargaining agreement workers since May to an impressive 9%.

Salary 273
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Yahoo, Disney, GoDaddy, and GitLab and more are conducting layoffs, despite the current impressive 3.4% unemployment rate

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What’s going on: In a sudden and unexpected turn of events, the US economy added over 500,000 jobs in January, boosting the number of open roles to 11 million and driving the unemployment rate down to an impressive 3.4%. But many companies are still conducting massive layoffs, including Yahoo, Disney, GoDaddy, and GitLab. Why it matters: GoDaddy is slashing 530 jobs, which equals 8% of their personnel, due to a slump in customer spending and the need to unify its multiple brands.

Yahoo 269
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Elevating the Virtual Interviewing Experience

Sharing your authentic self in a virtual interview can be an unwanted challenge. How do you break through the digital barrier when conducting a virtual interview and share your exceptional self? Think in unconventional ways to elevate the virtual interviewing experience.

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New study finds that Gen Z is doing well on retirement savings

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What’s going on: A recent survey from TransAmerica Center for Retirement Studies revealed that workers aged 18-25 already had a hefty $33,000 stashed away in their retirement accounts, which is a promising sign of intergenerational retirement preparation. “Gen Z is extraordinary. It’s extraordinary that 67% are saving — of those who are offered a plan,” TransAmerica President Catherine Collinson told Yahoo Finance Live.

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Affirm trims its personnel by 19%, sending stocks tumbling

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What’s going on: On Wednesday, Affirm laid off 485 of its 2,552 employees — a cut of 19%. This announcement was followed by the company’s second quarter earnings report, which failed to meet analyst expectations, causing shares to plummet by 17%. In his letter to shareholders, Founder and CEO Max Levchin described the decision as the “single most difficult one” amongst all the cuts the company had to make, and said the layoffs would be taking effect immediately.

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