🎉 Companies are "unbossing" workplaces

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What’s up Party People?! 🎉

Companies are “unbossing” workplaces, an unlikely source says office days are longer, and a California company once worth $2.3B just laid off every employee.

This party is all over the place!

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🚫 Bosses

🚰 Longer work days

🏥 $2.3B company lays off everyone

And, of course, MEMES!

MEME OF THE DAY

Workplace

Companies Are “Unbossing” Workplaces

According to a recent report from Business Insider, a new trend is emerging in the workplace, and it’s bad news for middle managers.

“The great “unbossing” has been brought on by several factors, including cost cutting, Gen Z's distaste for management, remote working, and increased pressure on performance.”

Although younger, entry level workers may be excited about the trend, experts say it’s a double-edged sword. Future generations entering the workforce will be less likely to receive mentorship and feel more stress and pressure coming from the big wigs up top.

For middle managers with 10-15 years of experience, they’re likely to face ultimatums where they’ll be forced to move way up or way down. An analysis from Bloomberg found that middle management positions accounted for almost one-third of layoffs in 2023; an increase of 20% compared to 2018. A similar analysis from Live Data Technologies found that manager-level or higher roles made up nearly 50% of all layoffs in 2023, a jump of 57.6% compared to five years ago.

There is a silver-lining, though! Fewer management roles will likely result in increased salaries for the fewer, more competitive, remaining positions. Entry-level workers will be forced to be more self-sustaining, but that’s the work environment that younger generations seem to prefer anyway, according to most available data. Cheers to no more bosses!

Job Seekers 🤝

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In The Office

Longer Work Days

7-to-7 is the new 9-to-5, according to new research from a source that may surprise you. Water cooler company Bevi recently published a 2023 RTO Report examining usage of their machines in fortune 500 companies to get an idea of how much time workers are spending in the office. According to Bevi, at least 25% of fortune 500 companies have at least one Bevi machine in their building.

The Boston-based company concluded that workers are in the office fewer days, but tend to stay much longer when they show up. Since 2019, there has been a 25% increase in workers in the office at 7 A.M. There has been a 200%+ increase in workers starting earlier than 7 A.M., and a 200% increase in workers still at their desks at 11 P.M.!

One theory is that workers are leaving earlier and staying later to avoid the rush hour traffic. Another likely explanation is that workers are only in the office 3-4 days a week compared to the standard Monday-Friday schedule that was more common before the pandemic.

Definitely an interesting trend, although the source is a little suspect. Maybe people are just too lazy to bring their own water bottles nowadays!

Layoffs

$2.3B Company Lays Off Every Employee

A few short years ago, Cue health had 1,500 workers and a $2.3 billion valuation. The California-based company thrived through the pandemic, providing Covid tests to Google, the NBA, and the Department of Defense. They should’ve hired a department of defense for their shareholders!

The company that looked so promising to start the decade had been slashing jobs for over a year. Less than a month ago, they announced 230 layoffs that cut the entire remaining workforce in half. Now, all the remaining employees, including leadership, will be looking for jobs.

An important reminder for job seekers to research and ask about a company’s long term plans and projections before accepting a new role. Luckily, they’ll have access to the most advanced AI toolbox for job seekers, Job Party, in less than a week!

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