Welcome to the Future of Work Roundup. Each week, we bring you five top stories—drawing from the latest academic research and industry trends—to give you an easily-digestible snapshot of how work is changing—and why it matters.
Startups find better access to talent as top tech companies cut jobs
CNBC reports that the recent uptick in layoffs at top tech companies has opened new doors for startups to find better access to talent. “It’s been a big-tech talent loss but startups’ gain,” said Rich Liu, chief revenue officer at Everlaw.
Amazon lost half its value in 2022
CNBC reports that Amazon lost half its value in 2022 amid the brutal year for mega-cap tech stocks. Among the most valuable tech companies, Amazon still performed better than Meta and Tesla.
British PM announces new fighter jet that uses AI
Tech Business News reports that new British Prime Minister Rishi Sunak announced an agreement between the UK, Italy, and Japan to create a combat fighter jet aircraft that will be powered by artificial intelligence. This next generation fighter jet is due to enter service in the mid-2030s.
Your coworkers are less ambitious as bosses adjust to the new order
A controversial new piece in the Wall Street Journal proposes that workers are less ambitious today than in the past and bosses need to adapt accordingly. Many workers say the events of the past three years have reordered their priorities and showed them what they were missing when they were spending so much time at the office.
Elon Musk becomes first person ever to lose $200 billion
Bloomberg reports that Elon Musk has earned a new notorious distinction of becoming the first person ever to lose $200 billion. The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled.
Thanks for reading. Stay tuned for next week’s Future of Work roundup.