Celebration is in order when a strategy pays off, but it's also time to scrutinize what worked and why and how you can build off of that success, writes Adam Bryant. "Even with an ever-lengthening list of urgent challenges to address, leaders should place the word 'why?' at the top of it, as a reminder to get to the bottom of unexpected triumphs," Bryant writes.
When doubt overwhelms team members, it's the leader's job not just to believe in them, but also to believe for them to create an overall sense of motivation and confidence, writes Gary Burnison, CEO of Korn Ferry. "To be a leader, you walk with others -- occasionally in front, sometimes behind, and always by their side," Burnison writes.
Large layoffs in the technology space are coming, and the consequences could be widespread for many, writes Axios' Scott Rosenberg. "[T]his year's cuts could reshape how a generation in tech thinks about their careers," but it could also create a new wave of entrepreneurs launching passion projects that lead to the next boom, Rosenberg writes.
Some companies, such as tech firms, are prone to periods of high growth followed by slowdowns, making them more likely to have mass layoffs, as seen recently at Twitter, Meta and others. Josh Bersin argues that it doesn't need to be this way, explaining how conservative leadership as well as the constant review of job roles and hiring strategies can prevent a bureaucratic sprawl within organizations.
Voters have approved an increase in the minimum wage for tipped workers in Washington, D.C., to match the pay of workers who don't receive tips. Minimum hourly pay for restaurant servers and other tipped workers will be $16.10 by 2027, increasing from $5.35.
If you are someone who has returned to an office, but you still don't like getting up to walk around ... then Volkswagen has got the office chair for you. This beauty is loaded with features, including headlights, a horn, a rearview camera, 360-degree sensors, a seat warmer and a whopping 7.5 miles of range.
The 315 students who took the SAT last month at El Paso High School in Texas will be offered an upcoming ACT test for free after their SAT tests blew off a UPS truck. Although all but 55 tests were recovered, all students affected will have to do a retake. The SAT tests were found scattered on a busy street a day after students took the test.
With COP27 under way, Luiza Demoro, head of energy transitions at BloombergNEF, provides an update on global energy transition trends and shines a spotlight on the state of clean energy funding in emerging markets and developing economies. Demôro also offers her insights on what to expect from COP27 and how the policies discussed in Egypt can reshape energy markets around the world.
