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š The company that owes $335 MILLION to employees
Read time: 2.5 minutes
Good Afternoon Party People! š
This is Office Party. Weāre like your LinkedIn feedā¦but way more awesome and way less cringe.
PARTY PLAN š
š” Messy job market
š° The company that owes employees BIG TIME
āļø No bozos allowed!
And, of course, MEMES!
MEME OF THE DAY
When you add nothing but āthank youā to the end of an hour long call
ā Chet (@NoCapCapitalLLC)
7:00 PM ā¢ Apr 2, 2024
JOBS
This Job Market is a MESS!!
100 applications. No interviews.
216 applications. No interviews.
312 applications. 2 interviews. Ghosted.
The current job market is a mess. Thousands of candidates are fighting for a small number of open roles. Looming threats of AI. Hiring freezes. 10 interviews and 36 years of experience required for every open role.
Applying to jobs all day is tedious. Writing cover letters? Weād rather eat a car tire. Not to mention how annoying it is to tailor your resume for every application to include relevant keywords.
But what if there was an easier way to navigate this job market and land your dream job?
What if it didnāt need to be so difficult and so time-consuming?
In the next few weeks, weāll be launching an AI tool to help you land your dream job.
Soon, you will be able to:
Create tailored, ATS-friendly resumes
Generate cover letters that use the right keywords (instantly)
Prepare for interviews with REAL interview questions
Optimize your LinkedIn profile
Find companies that are actually hiring
Ask questions and get immediate feedback from our AI career coach
(Without breaking the bank)
No more manually tailoring your resume and cover letter for HUNDREDS of applications. No more doomscrolling job boards. No more feeling lost in your job search.
If you havenāt already, make sure you join the waitlist. Your job search doesnāt have to suck.
PAY
Meet the Company That Owes Employees BIG TIME
1,200 current and former employees are set to receive $335 million as part of a class-action lawsuit claiming their employer unfairly suppressed pay.
Any guesses on which company might do such a thing?
Amazon?
Meta?
Tesla?
Wrong, wrong, wrong!
The UFC will be on the hook for over a quarter billion, according to a ruling from a Nevada court, in conjunction with the SEC.
The agreement resolves litigation that began in 2014 when a group of MMA fighters filed a class-action lawsuit against Dana White and the SEC.
āWith some 90% of the market, [UFC] has used its dominant position to extract one-sided concessions from the fighters,ā including preventing competition for their services, locking them into long-term exploitative contracts and paying them a mere fraction of what athletes make in similar sports.ā
The UFC responded to the decision with a statement saying they were āpleased to have reached an agreement to settle all claims asserted in both the Le and Johnson class action lawsuits, bringing litigation to a close and benefiting all parties.ā
$335 million split among 1,200 employees is more than $275k each, not including the legal fees.
Pretty good payday, even if it took 10 years!
JOBSEEKERSā CORNER š
HIRING
āNo Bozos Allowedā
More than a decade after the world lost Steve Jobs, his hiring policy has remained in place at Apple.
Here are Steve Jobsā 3 best management/hiring tips from an interview nearly 40 years ago.
(Maybe some other companies should take note!)
āGreat individual contributors make great managersā
When Jobs and other Apple cofounders realized how big the company would be, they hired a āprofessional managementā company. These people knew how to manage people, but didnāt know how to do anything else, and the plan backfired quickly.
āIt didnāt work at all. Most of them were bozos. You know who the best managers are. Theyāre the great individual contributors who never ever want to be a manager, but decide they have to be a manager because no one else is going to be able to do as good a job as that.ā
āKeep the company collaborativeā
āThereās tremendous teamwork at the top of the company, which filters down to tremendous teamwork throughout the company. Teamwork is dependent on trusting the other folks to come through with their part without watching them all the time.ā
Teamwork makes the dream work.
āRecruit the right peopleā
Well, this one isnāt exactly some genius insight on how to build a great company. Jobsā approach to recruiting may have been different than most executives, though.
He was heavily involved in the recruiting process, even as the company grew tremendously. Jobs wanted employees and managers who truly believed in Appleās capabilities.
What better way to find out than by talking to them yourself?
How do you feel about Jobs' strategy? |
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LETāS HEAR ITā¦
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