Office Mandates Reenter The Chat, Forbes Global 2000 And Twitter’s New CEO On Why She Joined

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Remote work has its pros and cons—IYKYK. I’m a remote worker myself, and have been watching the constant drip of return-to-office plans that have been announced this past week.

Among those RTO efforts, Meta told employees they will need to return to the office three days a week come September. Google said in an internal note it will track employees’ office badge attendance, which will be considered in performance reviews. And Salesforce pledged the cloud software giant will donate $10 to a local charity for each day an employee reports to the office from June 12 to 23. Even Martha Stewart disagrees with remote work.

Meanwhile, layoffs continue to mount and Forbes takes a look at Beyoncé’s and Taylor Swift’s careers. Hope you’re having a great week—whether you’re working remotely or in the office.

WORK SMARTER

Practical insights and advice from Forbes contributors to help you succeed in your job, accelerate your career and lead smarter

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FEATURED STORY

Taylor Swift Vs. Beyoncé: How These Super Stars Stack Up Against One Another

Let’s play a little comparison game. From ticket prices and Instagram followers to the number of platinum albums and more, there’s a lot that goes into a musician’s career.

After five- and seven-year hiatuses, respectively, T. Swizzle and Queen Bey are both belting out songs at dozens of stadiums and concert venues. Forbes’ Justin Conklin looks at how pop icons Beyoncé and Taylor Swift stack up.

TOUCH BASE

News from the world of work

Inside the Forbes Global 2000: The 20th anniversary edition of the Global 2000 ranking the world’s largest companies shows just how much has changed since the early years of the 21st century. JPMorgan regained its position on top of the list of the world’s largest companies, leading 611 U.S. firms, while Chinese companies, led by its banks, represent 346 of the biggest.

New Twitter CEO on why she joined the company: Elon Musk’s replacement Linda Yaccarino took to Twitter Monday morning—one week after starting the job as CEO—to explain “why” she joined the company. The advertising-executive-turned-CEO used mostly repeated buzzwords and phrases Musk clung to during his time at the social platform’s helm.

Investing in diversity: How does your company invest in, promote and support DEI? “Often business leaders use budget constraints as an excuse for not investing in diversity. But, in reality, failing to prioritize diversity and its inclusion, can result in significant financial losses,” writes contributor Nadia Edwards-Dashti, who provides ways to ensure sustainable success and growth of a business by putting diversity investment at the forefront.

More layoffs announced… Chicago-based food delivery giant Grubhub announced plans on Monday to slash 15% of its workforce—roughly 400 of its 2,800 employees. ZipRecruiter announced in a SEC filing that the company will cut its workforce by 270 employees (20% of its staff), in response to “current market conditions and after reducing other discretionary expenses.” Those weren’t the only layoffs—read here for more.

…And more are likely: Senior contributor Bill Conerly explains there’s a lag between headlines on the economy and the government’s data, but that more employment declines are on the way, likely in late 2023 or early 2024. Job losses will likely continue for six to nine months, he writes, and after that, a recovery will take a similar period of time.

CHECKLIST

Add these books and videos to your to-do list

At Forbes’ Iconoclast Summit this week, Goldman Sachs’ Julian Salisbury, Global Ventures’ Noor Sweid and more discussed artificial intelligence. Find the conversation here.

Looking to leave your corporate job to launch your own venture? Read The Corporateneur Plan: Your Roadmap From Mid-Career Professional to Entrepreneur.

Jimmy Rane, the 76-year-old founder and CEO of Great Southern Wood Preserving, is Alabama’s only billionaire. Learn more about his career in this video.

NUMBER TO NOTE

77%

The percentage of 10,000 global organizations surveyed by outplacement firm Lee Hecht Harrison who said they are undertaking or considering layoffs.

No one’s career is recession-proof. But there are things you can do to prepare for a layoff as an employee. Contributor Tracy Brower provides five pragmatic steps you can take to career cushion and be ready for potential bad news.

QUIZ

Its highest point in nearly two years, how many people filed new claims for unemployment insurance in the U.S. last week, according to a Thursday report from the Labor Department?

1. 143,000
2. 310,000
3. 261,000
4. 242,000

Check if you got it right here.