Two thirds of the global workforce (64%) said that they have already, or would consider, looking for a new job if their employer wanted them back in the office full-time.
Says nothing about refusing to work as you said in your earlier post.
Millennials like socialism until they get a job and have to pay for it
- Thread starter gwb-trading
- Start date
Two thirds of the global workforce (64%) said that they have already, or would consider, looking for a new job if their employer wanted them back in the office full-time.
Says nothing about refusing to work as you said in your earlier post.
He keeps getting conned by flashy headlines and chastises us for not falling for it. For instance, keywords "in the office", not accounting for the underlying premise that remote work is still work.
They would quit merely because their employers demanded that they show up in the workplace which is an expectation of the job.
Sadly these millennials are about to learn a harsh lesson. The economy is slowing, they will not longer hold the upper hand with employers (who are now laying off rather than hiring), and their lazy, entitled millennial rears are first on the list to be let go.
The era of their remote work demands is over. Covid vaccination is readily available and there is no longer any reason to work from home. As we turn the corner into 2023 workplaces will increasing expect their employees to be on-site 40 hours per week as was done for decades before 2020. Nor will switching jobs help a millennial much when all employers are expecting their employees on-site.
As one local CEO recently stated -- "They can work from anywhere they want... as long as it is the office".
lolz, yes I'm sure w/record unemployment and employers begging the millennials are about to learn a harsh lesson. How are those Toronto real estate predictions going?
Yeah... let's take a look at recent headlines about layoffs. Most companies have either frozen hiring or are laying off in the U.S. across multiple sectors.
Keep in mind that the Fed's interest rate increase is designed to cause over one million jobs losses as part of the attempt to cool off the economy & inflation.
S.F.’s economic pain: 25% office vacancy, more tech layoffs and plunging venture capital funding
https://www.sfchronicle.com/sf/article/san-francisco-economy-17490125.php
Q3 2022: Layoffs Continue, Alzheimer’s Soars and Accelerated Approvals Fall
https://www.biospace.com/article/q3...imer-s-soars-and-accelerated-approvals-fall-/
The big downsizing – why companies make cuts to survive the fintech winter
https://thepaypers.com/expert-opini...e-cuts-to-survive-the-fintech-winter--1258632
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
https://www.inman.com/2022/06/17/th...andle-layoffs-as-real-estate-cuts-accelerate/
Job cuts are rolling in. Here's who is feeling the most pain so far
NPR - https://tinyurl.com/w78va6uc
Plus this additional reminder...
Remote Work Is Losing Favor as Remote Employees Fear They’re First in Line for Layoffs & Pay Cuts
https://www.businesswire.com/news/home/20220927005390/en/Remote-Work-Is-Losing-Favor-as-Remote-Employees-Fear-They’re-First-in-Line-for-Layoffs-Pay-Cuts
and yet, what have the unemployment number been like these last 2 wks?
Simply shows the need for more Fed rate hikes. They wanted the number of added jobs to be below 250,000 today. Instead it was at 263,000.
The unemployment number of 3.5% is more reflective of the large number of people who left the workforce during the Covid era including early retirees and mothers deciding to stay home with their children.
Here is an article from two weeks ago which covers the Fed's intent.
The Fed says unemployment will rise. Here's who economists say would lose their jobs first.
https://abcnews.go.com/Business/fed-unemployment-rise-economists-lose-jobs/story?id=90375709
and an article commenting on today's numbers in context of Fed policy.
U.S. jobs report shows Fed tightening still a work in progress
https://www.reuters.com/markets/us/...-by-spate-inflation-friendly-data-2022-10-07/
yes, I understand how raising the rates impact employment. Employers will still hesitate getting rid of positions they've been struggling for over a year to fill.
Yet the majority of U.S. employers both small and large have either paused hiring in Q3/Q4 or are actively laying off.
For example let's take a look at the small business sector...
63% of Small Businesses Have Stopped Hiring and 10% Started Layoffs, Survey Finds
These numbers are up from July, when 45% of small businesses stopped hiring new staff and 4% reported layoffs.
https://www.cpapracticeadvisor.com/...ring-and-10-start-layoffs-survey-finds/70610/
Sep. 14, 2022
And here we go w/the misinformation:
your claim:
Yet the majority of U.S. employers both small and large have either paused hiring in Q3/Q4 or are actively laying off.
your source:
A new report released by small business referral network Alignable revealed that nearly two out of every three (63%) small business owners have put a hold on hiring within the last month because they cannot afford to add staff, and 10% of those small businesses have begun job cuts.
These findings are up from July, when 45% of small businesses stopped hiring new staff and 4% reported layoffs.