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Homepage | March, 2007 Archives
Career News Highlights
Here are some career and job news highlights from around the Web.
The 10 hardest to fill jobs: 1. Sales representative 2. Teacher 3. Mechanic
New MGM Grand Detroit Casino said it would hire 1,000 people. Receives over 26,000 applications.
Citigroup may cut as many as 15,000 jobs. 5% of its workforce.
Citigroup layoffs linked to outsourcing. Citigroup has huge call centers in India.
List of job choices for people who are changing careers.
Michigan lost nearly 20,000 manufacturing jobs in 2006.
Symantec begins plans to lay off 5% of its workforce.
Posted on March 30, 2007
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Weak Housing Market Could Weigh Down Job Growth
Last year the housing market gave a boost to the overall job market. This year that's not the case at all. MSNBC.com reports that the housing market is already weighing down job growth.
Since the middle of last year, a downturn in the U.S. housing market has taken its toll on a wide group of people and companies, clobbering homebuilders, condo flippers, borrowers with weak credit, lenders who oversold loans, and just about anyone with a home for sale.
Now the housing slump is hitting yet another target: housing-related jobs, a list that includes everyone from the people who build and sell houses to makers of appliances and furnishings.
That's a sharp contrast to the height of the housing boom in 2005-06, when the industry was responsible for creating some 25,000 to 50,000 new jobs every month, according to Mark Zandi, chief economist at Moodys.com.
And it could get much worse. Moodys.com's chief economist Mark Zandi also gave MSNBC.com this grim forecast.
"In the recent months it's been laying off workers at a pace of 25,000 to 50,000 per month," he said. "And I think the next couple of quarters we'll start seeing job losses of between 50,000 and 75,000 per month. ... I think the housing market is going down a whole other notch."
The MSNBC article also notes that it was a real estate downturn that brought on the recession of 1990-91. Hopefully it won't get that bad in 2007/2008.
Posted on March 12, 2007
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Do Great CEOs Have to Be Jerks?
An article on Business2.0 is defending bosses from hell. They use Apple's CEO Steve Jobs as an example.
Most books about leadership read like the Scout manual: CEOs and top managers should be authentic, considerate, sensitive, and modest, as well as creative, smart, and strategically brilliant. All true - but not very useful in the real world, where the person in the corner office might be as approachable as the junkyard dog.
Exhibit A: Steve Jobs.
Is he the charming, jeans-wearing CEO whose dramatic unveiling of the Apple (Charts) iPhone in January drove the stock up 8 percent by day's end? Or is he, as has been chronicled in several books, the classic jerk boss, notorious for belittling subordinates and business partners?
He's both, of course, and not much different from most executives: blessed with some attributes and cursed with others.
Everyone has flaws and that goes from both executives and employees. Steve Jobs appears to be much more under control today than he was as a CEO of the younger Apple during the Apple-Microsoft battles during the 80s. Not all bosses can get away with this kind of behavior. The article calls Michael Eisner an egomaniacal boss and he ended up resigning from Disney. Even Steve Jobs lost his CEO position during his younger days as Apple's CEO.
Posted on March 5, 2007
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Future Job Seekers May Need a Video Resume
Time Magazine reports that job sites are jumping on the idea of everyone one day needing a video resume.
So who will be the YouTube of video resumes? Jobster, an online job board, is teaming up with social-networking site Facebook to launch a career site featuring video resumes in March. Vault.com another job board, concluded its first video-resume contest last week, its prize a shot at (what else?) an investment-banking job. Smaller players 62ndview, HireVue and Resumevideo are all launching widely this spring. Workplace bloggers speculate that YouTube plans to start its own video-resume channel, although the company is noncommittal. Says Jason Goldberg, CEO of Jobster: "I can see a day when video as part of the resume is the norm."
The downside of video resumes is that they could be used for discrimination. Time says so far no lawsuits over video resumes have been filed. Another downside is that your video could end up places where you did not intend like YouTube. Remember what happened to Aleksey Vayner's video resume. Some people don't appear to be the least bit concerned about where their video resume goes. There are thousands of video resumes on YouTube. A search for resume brings thousands of results.
Posted on March 2, 2007
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