Hey there! Maybe living at the office isn't such a bad idea? A new study found more than 2,000 US office buildings — including those in New York, San Francisco, and Los Angeles — could be converted into 400,000 new apartments. What's on deck: |
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THE BIG STORY Gen Z's communication conundrum |
New grads in search of work, be warned: Some executives may want very little to do with you. A new survey of more than 1,200 business leaders found that 40% believe recent Gen Z graduates are unprepared for the workplace. And those feelings are leaking into hiring decisions, as 94% of that subset said they've previously avoided hiring recent Gen Z college grads to some degree. The survey, which was published by the student-focused magazine Intelligent, isn't the first report of managers' difficulties with younger colleagues. Gen Z was labeled the "most challenging generation" to work with by nearly 75% of managers and business leaders polled by ResumeBuilder.com in April. It can sometimes seem like younger generations are maligned upon entering the workforce. Millennials, and their love of avocado toast, were long the butt of every joke. But now it seems Gen Z, generally defined as those born from about 1997 to 2012, has become corporate America's newest punching bag. Some bosses even claim young workers won't do anything unless every second of their day is managed. Some of the criticisms against Gen Z — lack of work ethic, entitlement — are the type of broad generalizations management typically makes about younger workers. But one issue raised in these recent polls highlights what appears to be the real achilles heel of Gen Z: communication. For many Gen Zers, their inability to properly communicate in the workplace is thanks largely to the pandemic. They spent a good chunk of college, or the beginning of their careers, in remote settings. Now, they're struggling to make sense of life at a 9-to-5. So what's the fix? Some companies are already offering extra training for Gen Z recruits on everything from working in a team to giving a presentation. Universities are also stepping up with courses focused on soft skills, including reminding students to pause after they introduce themselves to let the other person say their name. (No, that's not a joke.) However, the problem may not be Gen Z's lack of communication skills. They may just lack the communication skills preferred by managers. Young workers are typically proficient in using tools like Slack and Google Docs, Diane Gayeski, a professor of strategic communication at Ithaca College, told Intelligent. And a boss willing to find a middle ground with their younger employees could stand to benefit. A sales director at a medical company credited his Gen Z colleagues with figuring out a way to leverage AI to automate tedious jobs and boost productivity. |
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TOP READS 3 things in markets |
Justin Sullivan/Getty Images |
- The bill is due for Wall Street over the recent banking crisis. The six biggest US banks are expected to pay nearly $8.9 billion to restock the FDIC's deposit insurance fund. JPMorgan, the largest US bank, will reportedly pay $3 billion to refill the hole left by several banks failing this spring.
- What to expect heading into Disney's earnings report. The Mouse House is set to report its second-quarter earnings on Wednesday afternoon. From the future of Disney+ to succession plans for CEO Bob Iger, these are the topics that are top of mind.
- One of Wall Street's top regulators is raising concerns about AI. Gary Gensler, the SEC's chairman, told Dealbook that the tech would "be the center" of future financial crises.
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Arantza Pena Popo/Insider |
- AI is making the internet a nightmare. AI-generated content is flooding the internet, including spam, scams, and misinformation. Its heightened capabilities are making being online more annoying. And the internet will feel more and more like it's made for machines by machines.
- The 16 people in AI you should know. They include researchers, CEOs, and the "godfathers of AI." Plus, they shared the possibilities — and dangers — of the technology.
- Mark Zuckerberg v. Elon Musk updates. The two CEOs continue hyping up their possible cage fight. Musk says he weighs about 300 pounds and thinks if the fight lasts a long time, Zuck will win. Meanwhile, Zuck says he's ready to fight Musk "today," yet Musk hasn't confirmed a date. But Musk revealed that he might need surgery ahead of the brawl.
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iStock; Robyn Phelps/Insider |
- The moon is open for business. NASA is returning to the moon. And its space exploration unlocked a new market worth over $100 billion. Private companies like SpaceX, Nokia, and General Motors are helping NASA build technology for its lunar missions, like moon streaming and lunar GPS.
- Microsoft's former VP of HR reveals four things he'd never do as an employee. Chris Williams shared that he would never ask his boss for a raise, since it's like asking for a favor. Williams also said he would never expect company loyalty or ask for help unprepared.
- Trucking giant Yellow declared bankruptcy. After nearly 100 years in business, the company has filed for Chapter 11 bankruptcy. It had around 30,000 employees and will likely liquidate — following the steps of other trucking companies that have recently folded.
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IN OTHER NEWS Teslas, skulls, & more |
- Tesla's CFO is headed for the exits. Zachary Kirkhorn, who was once rumored to be a potential successor to Elon Musk, is leaving the carmaker.
- Bill Gates, Kris Jenner, and Leonardo DiCaprio walk into a party. The trio were reportedly some of the celebrities who attended Jeff Bezos and Lauren Sanchez's engagement party on Bezos' $500 million superyacht.
- Ohio Republicans' plan to prevent including abortion access in the state constitution. The special election on Tuesday could make it harder to change the state constitution. But this plan could backfire on them.
- Etiquette and dating experts reveal how Ron DeSantis could be less awkward. He's been repeatedly critiqued for "lack of personality." But experts say he's not a lost cause.
- Mini-residencies could be Taylor Swift's smartest business move yet. She's playing up to six shows in some cities. This could significantly reduce her production costs.
- An ancient skull is baffling scientists. The teen's skull shape is unlike any that scientists have seen before.
- Two EV road trips: the good, the bad, and the ugly. The reporter took dual 500-mile road trips in different electric SUVs: the Toyota BZ4X and the Genesis GV60.
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WHAT'S HAPPENING TODAY Earnings, Shawn Mendes, & more |
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@thatcurlytopp and @chadacarroll via TikTok |
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