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BI Today: A remake at Meta

Jan 19, 2025 - businessinsider.com
The article from Business Insider's BI Today newsletter highlights several key stories and insights. It discusses Meta's adoption of Amazon's aggressive workforce management strategy, planning to cut 5% of its workforce by targeting low-performing employees, a shift from the traditional Silicon Valley approach of retaining talent by overpaying. The newsletter also touches on the trend of "quiet Fridays," where remote workers are taking back the day for personal time, reflecting a growing desire for a four-day workweek.

Additionally, the article features Anthony Scaramucci's optimistic economic predictions under a potential Trump administration, despite his criticisms of the former president. It recounts the story of Jack Clark, who left a stable job at Bloomberg for OpenAI, a decision initially deemed unwise but ultimately leading to significant success. The newsletter also includes a quote from JPMorgan CEO Jamie Dimon on succession planning and mentions other top reads, such as Wall Street job trends, the social habits of young, sober clientele, and insights into AI's importance in job markets.

Key takeaways:

  • Meta is adopting Amazon's workforce management strategy by planning to cut 5% of its workforce, focusing on low-performing employees.
  • "Quiet Fridays" are becoming a trend among remote workers, effectively turning Fridays into personal days.
  • Anthony Scaramucci predicts a positive economic outlook under Trump 2.0, despite being a vocal critic.
  • Business Insider's Alistair Barr advised against joining OpenAI in 2016, but the decision proved lucrative for Jack Clark, who is now set to become a billionaire.
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