Microsoft's former VP of HR shares the types of employees who are most likely to be laid off
Today marks the last week of September, so I have some critical news for you: You only have a few more days to watch some of your favorite shows before they disappear from Netflix.
For me, this means I'll be binging "Schitt's Creek" before it vanishes and I inevitably slip into a deep sadness. Here's everything else you'll need to watch before it's gone.
I'm your host, Jordan Parker Erb. We've got a lot more to talk about today, so let's dive in.
1. Who's most at risk during layoffs? Insider sat down with Chris Williams, Microsoft's former vice president of human resources, who shared the three types of workers who are most vulnerable during layoffs — and those who are safest.
- Event planning or benefits employees: Activities that are considered luxuries, like generous benefits and perks, are some of the first things that companies cut when times get tight — and people who provide such services are at a higher risk of layoffs.
- Employees working on new initiatives: If the company recently decided to explore new lines of business or expand into new territories, these kinds of new initiatives are tenuous places to work, as they're often the first ones cut.
- Contract workers: At the highest risk are contract employees, which companies use for this very contingency. They want to remain flexible in case of a downturn, and as such, contract employees are usually the first ones out.
In other news:
2. The man who tracks Elon Musk and Mark Zuckerberg's private jets said Facebook took down his page. 20-year-old Jack Sweeney, known for tracking Musk's jet, said Facebook removed his page because it violates the social media company's terms. Get the full rundown here.
3. Nike is racing to replicate Amazon's delivery speed. Amazon has gotten consumers accustomed to two-day deliveries — and now, Nike wants to catch up by connecting its complex network of stores, warehouses, and tech. Here's how Nike is working to compete on delivery speed.
4. Apple's "Dynamic Island" is now available for Android phones. Thanks to an Android developer, the iPhone 14 Pro's biggest new feature, the Dynamic Island, is now available for Android users through a copycat version on Google Play. What to know about the feature.
5. Hollywood streamers' typical fall "hiring boom" is much quieter this year. Recruiters and job-seeking execs said the job market has been uncharacteristically slow for streamers — but some positions, like data and tech jobs, are still hot. See where the jobs are now and when hiring will pick up again.
6. Scammers are using stolen credit card data to set up fake websites that charge a small monthly fee that you may never notice. For years, the scam has been charging victims for subscription fees for generic-sounding services. The fees are small enough to go undetected by victims — here's how to protect yourself.
7. Special interest groups representing Big Tech companies oppose possible crypto regulation in California. Cryptocurrency companies may soon be required to get a license to operate in the state, and industry groups representing Amazon, Apple, Meta, and other tech companies wrote to the state assembly opposing the law. A look at what that means.
8. Meet Netflix's head of accessibility. In an interview with Insider, Heather Dowdy described growing up with deaf parents, and how her experience shaped her job at Netflix, where she's tasked with making the platform more accessible to people with disabilities. Read more from our interview with Dowdy.
Odds and ends:
9. Tech billionaires are buying luxury bunkers to prep for doomsday. According to a new book, some of the world's wealthiest people are buying bunkers — some of which have movie theaters, gardens, and wine vaults — in preparation for the collapse of society. See some of the shelters here.
10. The Samsung Galaxy Z Flip 4 is the best foldable phone you can buy — but that doesn't mean you should. In a review of the phone, Insider's reporter found there's a lot to love about the new foldable phone, but there are a number of drawbacks, including its short battery life and usability challenges. Read the full review.
What we're watching today:
- Elon Musk is scheduled to begin two days of depositions ahead of his Twitter Court hearing next month.
- Codex is hosting the World's Top 50 Innovators 2022.
- NDC Oslo 2022, a conference for software developers, kicks off today.
- Cybersecurity and cloud conference SECtember 2022 starts today in Bellevue, Washington.
- 911 dispatchers say skiers are accidentally setting off Apple's new crash-detection technology without realizing, triggering emergency calls
- The rally in stocks will trick investors into thinking the bear market is over, but there's still a case for the S&P 500 to fall another 26% next year, Morgan Stanley's Mike Wilson says
- Adani may be the richest Indian but Ambani’s RIL retains the top spot on Hurun's list of most valuable companies
- Here are the best apps and games on Google Play in India 2022
- Top 10 companies with the highest net profit in India as per Hurun 2022 list
- Rupee gains 8 paise to close at 81.22 against US dollar
- BYJU’s, Zomato, Dream11 among India’s most valuable PE/VC-funded companies as per Hurun
- GST revenues rose by 11% to ₹1.46 lakh crore in November: Finance Ministry