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Many computer-science majors say job hunting has become tougher after layoffs hit the industry.
Joel Wong remembers looking through the graduate employment survey by Singapore's education ministry six years ago. The survey, which is done on an annual basis, provides the employment rate and average salaries for different college majors in Singapore.
Wong told Insider he picked his major because he was interested in technology — and also because of the industry's salaries. "Even back then, the salaries for computer science graduates already were among the highest," Wong said.
But that was then, and this is now. The tech industry is in turmoil. Tech giants like Facebook and Google have laid off tens of thousands of employees. Read more
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(Credit: Joel Wong)
In Wired, Jason Parham writes about how first-gen social media users have nowhere to go. Indeed, millennials have soured on the big social platforms: Facebook, Twitter, and even Instagram feel dead.
With the big social platforms fracturing and losing favor, there's a hole in millennial hearts. Read more
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Despite multiple college acceptances, Matthew Tay, 24, skipped school to become a bus-operations supervisor. The straight-A student said it's a misconception that working with buses is a dead-end job.
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China suffers its first foreign investment deficit as US tensions and anti-spying laws spark a western exodus
Officials have released foreign direct investment figures each quarter for the past 25 years – and it's the first time the gauge has turned negative, Reuters reported.
More oil supertankers than ever are headed for the US to load up on crude for export as OPEC+ curbs supply
According to data compiled by Bloomberg, 48 vessels are bound for the US in the next three months — the most in at least six years. That comes as top OPEC+ producers Saudi Arabia and Russia have been slashing production to inflate oil prices.
Thousands of people are interested in potentially becoming Neuralink patients, Bloomberg reported.
Neuralink, which Elon Musk cofounded in 2016, eventually hopes to make a device that would create a sort of symbiosis between humans and machines and would allow people to send messages or play games, using only their thoughts. But, first the company aims to help people with neurological disorders. Read more
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As the oldest daughter, author Juliane Bergmann had to be her mother's caretaker when she developed chronic obstructive pulmonary disease.
Bergmann knew she wouldn't be able to handle it and moved from Germany to Montana, never returning home. She said that the geographic distance was the only way she knew how to maintain their relationship while protecting her own health and sanity. Read more
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Chris Williams is a former Microsoft VP of HR and a podcaster, consultant, and TikTok creator.
He writes that managers lost some control of their employees when people started working from home. Due to this newfound freedom, Williams noted that some staff would work two full-time jobs. He advises managers to ask how an employee is performing if they discover the worker is holding two jobs. Read more
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US officials are concerned that Ukraine is running out of troops, while Russia seems to have an endless supply, NBC reported.
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Ukraine likely destroyed 3 of Russia's prized S-400 missile systems worth $1.5 billion, weakening its air defenses, says UK intelligence.
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The US just sanctioned the Russian manufacturer of Lancet, a $35,000 tank-smashing 'suicide' drone that has been impeding Ukraine's counteroffensive.
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The recent shade-throwing over how effing soul-crushing the 40-hour workweek is might obscure how much change Gen Zers — with a big assist from the pandemic — are bringing to many jobs. And it's clear they're not done.
From the four-day workweek, to the idea that a job should be about more than just a paycheck, younger workers are pushing the oldies in charge to make big changes. Gen Zers aren't likely to get everything they're asking for — at least not right away. But the fact the youngest segment of a labor pool is chipping away at workforce pillars that have stood for a century is a big deal, workplace experts told Insider. Read more
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Savannah White, 26, saves as much as 50% of her around six-figure income each year, but she hasn't achieved all of her financial goals yet.
White is one of the so-called HENRYs — or high earners, not rich yet — who are often younger people with significant discretionary income but who still don't feel financially stable.
For many HENRYs, living below their means is the key to relying less on their working income in the future. For others, splurging on what they value is still very much possible. Read more
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If you're wondering who's feeling good in this economy, it's boomers — and definitely not millennials.
According to Morning Consult's latest iteration of its financial well-being index — which tracks how much security and freedom of choice respondents have, based on their financial situation — baby boomers are doing well. Their financial well-being score has risen by 4.04 from August 2022 to August 2023, compared to a .93 jump for all US adults.
A one-point jump is associated with things like incomes increasing by $15,000 or a credit score going up by 20 points, according to Morning Consult — and that happened four-fold for boomers.
At the same time, though, millennials in particular are experiencing the opposite. Over the last year, their financial well-being has tumbled by .94 — the biggest decline across all age groups. Read more
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As the AI tsunami sweeps across the white-collar working world and fundamentally disrupts hundreds of millions of jobs, nearly 1 billion knowledge workers worldwide will be affected, and 14 million jobs will be wiped out.
But while white-collar professionals stare down a turbulent job market and declining wages, a large, unexpected segment of the workforce may be safely on high ground: blue-collar jobs. The likes of skilled trades, intensive manual labor, and jobs that require a combination of physical, knowledge, and social work will not be upended. In fact, as other long-term trends take hold, many of these working-class roles are poised for a job explosion. Read more
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It's not just the top 1% that's getting richer — over 16 million American families now have a net worth over $1 million.
That's over 12% of American families, according to a Wall Street Journal analysis of the Federal Reserve's Survey of Consumer Finances of over 4,600 American households. This compares to just 9.8 million families who were millionaires in 2019, the WSJ found.
The analysis further noted how nearly eight million families have wealth over $2 million, compared to 4.7 million in 2019. This was particularly pronounced among families in the 55-74 age range. Read more
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Investors could soon face a once-in-a-lifetime investment opportunity in stocks, thanks to a coming pop in corporate profits across sectors of the market, the investment firm Richard Bernstein Advisors says.
"Our view has been that the economy isn't actually landing," RBA said in a note Tuesday, pointing to fears that the economy could be headed for a hard landing or a coming recession.
"Furthering the airplane metaphor, we see profits taking off," it continued, adding: "Corporate profits are accelerating and the overall economy looks set to remain quite healthy." Read more
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Walmart Spark delivery drivers are sick of customers asking them to bring deliveries into their homes
Walmart delivery customers often ask Spark delivery drivers to put groceries in their kitchens, but only associates can do that through the retailer's InHome delivery service. Read more
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NYC exterminators' new weapon has eliminated nearly 100% of rats from over 100 burrows — and they already have their next targets mapped out.
New York City exterminators are targeting rats on the Upper East Side by pumping carbon monoxide into their burrows, and it's working.
'It's not that Huawei is superior, it's that Apple is inferior': What the Chinese internet is saying about the iPhone 15
"Other than Apple's software, everything else is worse. Their prices are so much higher," a person wrote on microblogging site, Weibo.
A small UK software company which trademarked the name Threads over 10 years ago is demanding Meta stop using the name within 30 days
Threads Software Limited says it turned down four offers from Meta to buy its "threads.app" domain, and is giving it 30 days to stop using the name.
Cassandra De Pecol traveled to every country in the world and based her favorite countries on their landscapes, diverse cultures, and cuisines.
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An ancient missing continent was finally rediscovered 155 million years after it vanished
A chunk of land that broke off from Australia 155 million years ago seemed to have vanished. Seven years of research helped scientists trace the landmass back to Southeast Asia.
A $10 billion battle is brewing over ownership rights to a 300-year-old sunken warship believed to hold the biggest maritime treasure ever
A US salvage company is suing Colombia for half the ship's estimated $20 billion in treasure, saying it discovered the wreck first near Cartagena.
Millennials and Gen Zers don't seem to want to be managers anymore, and a career influencer has explained why that might be.
A recent survey of 1,000 Americans by the workplace-analytics-software company Visier found that less than half — 38% — said they aspired to be a manager at their current company.
Kyyah Abdul, a TikToker known for her career advice, posted a video with her own take. She said millennials and Gen Zers didn't want to become managers because these positions were like "a glorified unpaid internship." Read more
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A former recruiter for Google, Nolan Church now runs Continuum, a talent marketplace for executives. Here, he shares five things all candidates should do when they're preparing for a job interview.
He says the best applicants are ready to share a lesson they've learned — a time when the candidate received difficult, constructive feedback that had a profound impact and ultimately, how it made them a better employee.
Telling stories also makes the interview more conversational and more engaging for both parties — and Church says he's never seen it backfire. Read more
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China revealed ambitious plans to mass produce humanoid robots, which it believes will be as "disruptive" as smartphones.
In an ambitious blueprint document published last week, China's Ministry of Industry and Information Technology (MIIT) said the robots would "reshape the world." The MIIT believes that by 2025, the product would have reached "advanced level" and be mass produced. Read more
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A Polish touring company, Morskie Mile, reported that orcas attacked its yacht "Grazie Mamma II" in the Strait of Gibraltar for 45 minutes "causing major damage."
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US military photo shows an Ohio-class submarine loaded with cruise missiles sailing in the Middle East
CENTCOM shared a photo on Sunday of an Ohio-class submarine transiting the Suez Canal, which can carry up to 154 Tomahawk cruise missiles, amid increased tensions in the region.
2 passengers stole $12,800 worth of sculptures from a Carnival cruise they were on, the FBI say
The larger of the stolen sculptures is a piece of artwork by Robert Wyland called "Kiss the Sea," which the FBI estimates is worth $6,200. The other sculpture recovered is "Tappin' the Keys for the Love" by Marcus Glenn, worth some $6,600, the FBI says.
Embattled real estate giant WeWork has filed for Chapter 11 bankruptcy.
The bankruptcy filing was expected following an October 31 report from The Wall Street Journal that said the company was planning to file for Chapter 11.
During its peak, the company was valued at $47 billion as a private company. But the startup has been in turmoil ever since its plans to go public in 2019 fell apart amid concerns about the company's profitability and some of ex-CEO Adam Neumann's inappropriate antics.
WeWork said in its Monday announcement that its spaces remain open and operational. Read more
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John Brunner and his wife Manon decided on Kyle, Texas because California and Austin were too expensive.
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Trump waited until after he left office to disclose trademarks he owns in China and Russia
Donald Trump owns over 100 trademarks in China, more than any other country by far, including the United States.
I'm an American who sent her daughter to public school in Mexico. She wore a uniform, and the day ended at 2 p.m.
Author Keri Johnson lived in Mexico for 18 years and sent her daughter to public school there. Here, she shares the differences between public school in Mexico and the US.
Suzy Welch, an NYU Stern School of Business Professor, told Insider in an interview that remote workers may view work-life balance as their own version of success, but there are some trade-offs to rejecting hustle culture when you're young.
"The young people who choose to have that life that go into work maybe one or two days a week or never, and work entirely remotely, they may have a version of success that is not our version of success," Welch said. "It's all about how you define success. They're probably not going to become CEOs, but maybe that's not what they want." Read more
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A British tourist said his favorite American cuisine is something the UK has too but is better and more flavorful in the US.
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A Russian single mom who owed $8,560 says she was told to pay it off by joining the army
Olga, a mother and the sole provider for her two children aged 9 and 13, said she had no intention of enlisting in the Russian military.
I'm an American living in Denmark. Kids learn to read and write later than in the US because there's more emphasis on playtime.
"In Denmark, students don't learn reading and writing until 'regular school,' which they start when they're 6 years old. Danes believe that extra time and freedom to play further develop children's social skills," the author, Brooke Black writes.
WeWork just isn't working anymore, and the venture capitalists who backed the company when it was a high-flying startup haven't learned a thing from its disaster.
WeWork's already struggling stock, which was delisted from the New York Stock Exchange in August, plunged 50% on Wednesday, valuing the real-estate leasing operation at about $60 million.
When a $47 billion startup shrivels so drastically, who gets hurt? The investors. Softbank has been in a world of hurt over WeWork — and other missteps — for years now. Other venture capitalists were exposed earlier this year, too, although they may have sold their holdings more recently. Read more
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The US Army is pondering whether hauling guns by truck is still a viable option.
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Close calls around the world show that Russian and Chinese pilots want 'batting practice' against the US, top commanders say.
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After watching Russia's and Ukraine's electronic warriors battle it out, the US military wants to 'dial up' up its own 'jamming power'.
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An Airbnb customer was told there was nothing the company could do after a host mixed up their leaving dates and dumped all of their belongings out on the street, The Guardian reported.
The paper also said the company offered compensation to the customer only after the case was raised by its reporter. Read more
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An Amazon business analyst was laid off as part of job cuts in January. About a month later, he got the first of four inquiries about going back to the company.
"I didn't want to go back because I just lost trust in them. I did feel like it could easily happen again," the worker told Insider. Read more
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Here’s the latest on the Israel-Gaza conflict from @businessinsider.
Israel defends devastating refugee camp strikes, saying civilians caught up in hunt for a Hamas commander are a 'tragedy of war'.
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Why Israel's push into Gaza is killing so many children.
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Pentagon says there are no limits on how Israel uses US weapons as death toll climbs amid airstrikes in Gaza.
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The hidden culprit driving America’s apocalypse of boarded-up storefronts
If demand for storefronts is down, why don't landlords just lower the rent and get a tenant in there? It's because that landlord can't.
The market that sets retail rents isn't only between tenants and landlords. It's also between landlords and the banks that finance the buildings. And the banks, in many cases, won't let property owners lower their rents enough to fill their properties. Read more
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