NEW WORKSHOPS ADDED

Phil Simon

THE WORLD’S LEADING INDEPENDENT WORKPLACE COLLABORATION & TECH EXPERT

From Big to Small

There's an interesting shift taking place in the labor market.
Feb | 8 | 2023

Feb | 8 | 2023
}

Layoffs are all the rage these days. Microsoft, Zoom, Amazon, Meta, and Salesforce are just some of the companies that have let go of thousands of employees.

Yet the labor market remains white hot. Unemployment is 3.4 percent. It’s a question that I consider in The Nine: The Tectonic Forces Reshaping the Workplace.

Why?

Lots of things are at play, but here’s a biggie.

Small business growth over the past three years has been phenomenal, but don’t believe me. Since February 2020, the Bureau of Labor Statistics Job Openings and Labor Turnover Survey reports that firms with fewer than 250 employees have hired 3.67 million more people than they’ve lost.

That number starkly contrasts with larger businesses that employ 250 individuals or more. As a whole, the latter group has trimmed 800,000 net jobs during this three-year period.

This trend bodes well for fractional CFOs like Ken Weil. Ditto for CIOs and chief legal counsels.

Smaller firms are exactly the types that benefit from locking in part-time experts as they confront new challenges.

Receive my musings, news, and rants in your inbox as soon as they publish.

 

Blog E Trends E From Big to Small

Related Posts

What I Really Want From AI

The world has been abuzz with generative AI since the launch of ChatGPT last November. Within seconds, one can now easily generate text summaries, generic blog posts, grammar corrections, images like the one above, and computer-generated narration. Impressive? Sure,...

Outliers

ognitive decline terrifies me because, like many of you, I make my living with my brain. To keep it as spry as possible, I do a number of things. My morning ritual involves drinking coffee and playing several New York Times games. Wordle and...

On Skiing, Spanish, and AI Hallucinations

After reading Kevin Roose's excellent piece in the NY Times about the AI chatbot Claude 2, I decided to finally try the ChatGPT alternative. Of course, I started with my favorite subject: me. So, what did the "next-generation AI assistant for your tasks, no matter the...

Why I’m All in on Notion

Introduction Over the last few months, swaths of users have been fleeing Evernote. (Private equity, mass layoffs, and price increases tend to do that.) I suspect that many Evernote refugees will wind up in the Notion camp. About 18 months ago, I started noodling with...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

 

Blog E Trends E From Big to Small

Next & Previous Posts

Related Posts

What I Really Want From AI

The world has been abuzz with generative AI since the launch of ChatGPT last November. Within seconds, one can now easily generate text summaries, generic blog posts, grammar corrections, images like the one above, and computer-generated narration. Impressive? Sure,...

Outliers

ognitive decline terrifies me because, like many of you, I make my living with my brain. To keep it as spry as possible, I do a number of things. My morning ritual involves drinking coffee and playing several New York Times games. Wordle and...

On Skiing, Spanish, and AI Hallucinations

After reading Kevin Roose's excellent piece in the NY Times about the AI chatbot Claude 2, I decided to finally try the ChatGPT alternative. Of course, I started with my favorite subject: me. So, what did the "next-generation AI assistant for your tasks, no matter the...

Why I’m All in on Notion

Introduction Over the last few months, swaths of users have been fleeing Evernote. (Private equity, mass layoffs, and price increases tend to do that.) I suspect that many Evernote refugees will wind up in the Notion camp. About 18 months ago, I started noodling with...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *