Daily RedAlert - 1/27/23

Relevant Press

Tech layoffs aren’t hitting this digital job market where over 700,000 workers are needed - CNBC

“But with a supply-demand ratio currently at 68 workers per 100 job openings, the nearly 530,000 additional cybersecurity workers needed in the U.S. went up year over year.”

Corporate Layoffs Spread Beyond High-Growth Tech Giants - WSJ

“The headline-grabbing expansion of layoffs beyond high-growth technology companies stands in contrast to historically low levels of jobless claims and news that companies such as Chipotle Mexican Grill Inc. and Airbus SE are adding jobs.”

The Great Resignation was fueled by workers’ obsession with flexibility. Big Tech layoffs have scared employees reprioritizing what they need - Yahoo

“More than half of workers (56%) say that job stability is more important to them than flexibility amid the current, uncertain economic environment, according to the latest edition of LinkedIn’s Workforce Confidence survey of 6,573 U.S. professionals.”

The US economy grew by 2.9% in the fourth quarter, more than expected - CNN Business

“Gross domestic product — the broadest measure of economic activity — increased at an annualized rate of 2.9% from October to December last year, according to Commerce Department data released Thursday. For 2022, GDP expanded 2.1%, the report showed.”

25 states hit Biden admin with lawsuit over climate action targeting Americans' retirement savings - Fox Business

“The two dozen states filed the challenge in a federal district court in Texas and asked the court for a preliminary injunction to prevent the DOL from implementing the rule until a ruling had been issued in the case.”

DirecTV dropping Newsmax: Just business or political bias? - The Hill

“DirecTV’s decision this week to drop Newsmax is the latest blow to a handful of conservative media outlets that have sought to carve out a space for themselves in the wake of former President Trump’s election loss in 2020.”

RedBalloon in the News

The Story of the RedBalloon Brand | Andrew Crapuchettes - Cleveland Street Mortgage

“Andrew is one of those guys who thinks extremely clearly about business – how to do it right and how to do it well. He is the CEO at RedBalloon, which is, in his words, “A matchmaking service for people who just want freedom at work.” RedBalloon is barely a year old, but it already has a widely-recognized brand name, and it is growing quickly. So, here’s a little window into what they are doing right over there.”

The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on RedBalloon.work!