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Tag: Careers

  • Younger workers favour expertise over leadership roles

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    “I think for this generation, there’s more prestige in being really good at what you do versus being in charge of people,” said Nora Jenkins Townson, the founder of HR consultancy Bright + Early. “I think we’ve grown up with a lot of the stories of the bad boss or really directional or authoritative leadership styles, and I think that younger generations are more critical of that.” 

    Gen Z favours non-management roles for balance

    Figures from a Robert Half survey conducted in March 2025 found that while some gen Z workers still want promotions into management roles, about half do not. The survey, which questioned 835 Canadian professionals, shows about 39% of gen Z workers were interested in management roles, with the next highest percentage coming from millennials at 34%. 

    According to the survey results, about 50% of gen Z workers would prefer a promotion into a role where they are not managing others. That preference declines among older generations, with the next highest coming in at 44% among gen X workers.

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    One of the main reasons many gen Z workers favour non-management roles is a focus on work-life balance, said Tara Parry, director of permanent placement services at Robert Half Canada. Of those who indicated a preference in the survey to remain in non-management roles, 51% said they can maintain their work-life balance in their current role.

    “When they look at people leadership roles, they realize that tenuous balance of work and life can really be quickly put out of whack when you’re responsible for other people,” she said.

    Companies face manager gap amid shifting career goals

    With more workers choosing different paths, Parry said there is a “huge shortage” in candidates for management, noting the trend was already starting to be noticeable 10 years ago at executive levels.

    For companies navigating the shorter supply of managers, she said it could help to recognize leadership qualities early in people’s careers and begin to support those individuals with training and development to foster their skills.

    “Sometimes people don’t want to put their hand up to go into leadership because they feel like we often don’t train people to be managers or people leaders until they’re already in the seat,” Parry said. “If we start training people before they’re even in that role … I think more people would be willing to put their hands up because they feel ready for it versus taking a risk for it.”

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    For those choosing not to take on manager responsibilities, it may mean specializing to a greater degree. “For gen Z specifically, or for anyone who doesn’t want to advance in leadership, it just means you’re likely going to be more skill-specific and focus on a very niche area that you want to specialize in, and those opportunities absolutely do exist,” said Char Stark, manager of people and growth at Beacon HR.

    Career advancement no longer tied only to leadership

    Jenkins Townson said there are also often opportunities for people in non-manager roles to help junior employees. “Organizations can design career paths for individual contributors where they’re able to coach and mentor people potentially in that specific skill or without being responsible for their career growth or management overall,” she said.

    The change in perspective has led to some organizations making structural changes. In 2023, Shopify Inc. revamped its staffing and compensation model to split staff into two career tracks: managers and crafters, with equivalent compensation for both tracks. The company said at the time the model would reward people for their impact regardless of whether they manage people or not, while bucking the trend of companies only incentivizing and rewarding managers.

    With more younger workers interested in differing forms of career advancement, Parry said many companies have “done well to create career paths for people that don’t include team leadership.” Those roles can sometimes take the shape of a change in the size or scope of an employee’s client list or becoming a subject matter expert within an organization, she said.

    She said Robert Half allows employees to earn more senior titles, but ones that are not always associated with leading others. Parry said a lot of larger companies have been doing this for “quite some time already.”

    “I think organizations have become quite savvy that in order to keep your workforce fulfilled and feeling like they’re growing, there has to be other options because you can’t just move everybody up into management,” she said.

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  • Klarna’s CEO agrees with Dario Amodei. He thinks his white-collar workforce will shrink by a third by 2030 | Fortune

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    As AI spells doom for white-collar jobs, Klarna CEO Sebastian Siemiatkowski is providing a transparent look at how his company is shrinking its workforce in real time. 

    While about 40% of employers expect to cut their workforces in response to AI automating tasks, how much is an open question. Siemiatkowski expects his workforce to decrease from 3,000 to fewer than 2,000 by 2030, but he doesn’t foresee any layoffs, he recently said on the “20 VC” podcast hosted by venture capitalist Harry Stebbing. 

    Rather, Klarna is relying on “natural attrition” of about 20% each year, he said, adding that employees spend an average of five years at the company before leaving. 

    “The reason for that is because I’ve seen the acceleration of AI, and I know we can ship all these things on the existing organization,” Siemiatkowski said. 

    Klarna launched an OpenAI-powered customer service chatbot in early 2024 that the company claims can do the work equivalent of 800 full-time agents. The “buy now, pay later” platform debuted on the NYSE last September with a $1.37 billion IPO and was valued at $15 billion at the time. The company’s stock price has fallen about 59% since its IPO.  

    Klarna has more than halved its workforce since 2022, going from more than 7,000 employees to less than 3,000. Siemiatkowski previously said that he believes that AI is capable of doing all jobs, including his own. 

    “I am not necessarily super excited about this,” he previously wrote on X. “On the contrary, my work to me is a super important part of who I am, and realizing it might become unnecessary is gloomy.” 

    The future of the workforce

    Siemiatkowski has previously called out other “tech bros” for not being “to the point” about AI disruption because of fear of negative backlash. He says he does not want to be “one of them.” 

    Anthropic CEO Dario Amodei has emerged as a vocal advocate for preparing for a large-scale disruption in the workforce. Last year, he warned AI could eliminate 50% of entry-level jobs and lead to an unemployment rate between 10% and 20%. 

    “I’m more in Dario’s camp. I want to be honest about the fact that I do think there’s going to be a very big shift,” Siemiatkowski said. 

    “I think more like Elon that it might lead to a golden age of humanity where you know AI does more of jobs and more people can enjoy themselves and do other things, that we can have a richer society,” Siemiatkowski said, referring to Elon Musk’s prediction that work will be optional in 10 to 20 years due to AI and robots taking over most roles. 

    Siemiatkowski shared one part of Klarna’s business he thinks AI could never replace: employees who work directly with retailers, and where business depends on relationships. 

    “I have people in Portland talking to Nike. I have people in China talking to Shein. I have people in Amsterdam talking to Adyen,” he explained. “I’m still gonna argue that it’s going to be vital to offer a human connection there.” 

    Siemiatkowski said that while the company has shrunk, it has increased employee compensation by nearly 50% due to higher profits, creating a safety net for employees, even as their jobs may disappear due to AI.   

    “I’m an optimist at heart, but I also want to be a realist around what’s going to happen in the shorter term, and it’s going to be a lot of turmoil in this.” 

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    Jacqueline Munis

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  • 40 is the new 50: Millennial jobseekers are giving their resumes a facelift by hiding years of experience to land jobs | Fortune

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    Jobseekers in their 30s and 40s have begun slimming down their resumes to reflect only the past 10 years of experience and limiting their public work history on LinkedIn and professional websites, according to Business Insider.  

    Online resume advice gurus are also encouraging middle-aged jobseekers to hide clues that could give away their age. It can be tricky when many companies require applicants to share their college graduation year, but it has become a survival tactic for mid-career employees trying to avoid appearing too inexperienced or too experienced.

    Even the AARP recommends “age-proofing” your resume. They also suggest focusing on the past 10 years of your career and getting rid of signs that inadvertently reveal one’s age like an @aol.com or @yahoo.com email addresses. 

    About 90% of workers over 40 say they’ve experienced ageism, according to a 2024 survey by Resume Now. Research shows that AI can exacerbate discrimination on the basis of race and gender in the hiring process, and hiring platform Workday is being sued for its screening technology that allegedly discriminates against candidates by age. The company has repeatedly denied the allegations.

    Leverage your experience 

    Author and New York University Stern School of Business professor Suzy Welch shared some advice for older jobseekers on her podcast Becoming You in November. 

    While she didn’t mention anything about hiding your age, she said the key to winning over hiring managers is proving you can match younger candidates’ stamina and cultural fluency while showing off your industry know-how. 

    She encouraged people of all ages to form so-called “irregular relationships” and get comfortable speaking with younger and older people who could be potential coworkers. For older candidates, understanding younger people can convince hiring managers that you’re a good “cultural fit.”

    “[Gen Z and young millennials] have a totally different language. They care about totally different things. They have a totally different sense of humor,” she said. 

    Welch also advised more experienced candidates to stop focusing on past experiences in interviews and look towards the future. 

    “Your currency is your currency,” she said, adding that keeping up with market, industry and geopolitical trends is a must for older candidates. “You have to prove that your currency is forward thinking. It’s out ahead. And that’s true of everybody, but the onus is much higher on the oldsters.” 

    She explained that it’s easier for hiring to assume that older candidates are stuck in their ways and less likely to adapt to a new company. “What they’re afraid of is your wealth of knowledge about what’s been.” 

    Welch urged jobseekers to articulate what they can do that younger people can’t do. Naturally, older candidates are better at recognizing patterns because they have more experience, which makes making decisions easier, she said. 

     “You can navigate a crisis because you have been through so many. If you’ve been around in the workplace, you’ve seen hard times,” she said. 

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    Jacqueline Munis

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  • 5 Things to Know About New Jets Defensive Line Coach Karl Dunbar

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    Ties to the Bayou State and the Steel City and Multiple Coaching Stops, Including ’12-14 with the Green & White

    Randy Lange

    Here are five things to know about Karl Dunbar, named by Jets head coach Aaron Glenn as the team’s new defensive line coach:

    Bayou Through and Through

    Karmichael MacKenzle “Karl” Dunbar has deep Louisiana roots. He was born in Opelousas, LA, in 1967, starred in football and basketball up the road at Plaisance High School, and was a three-year starter and was named second-team All-SEC as a senior defensive end at LSU. He began his coaching career at two Louisiana high schools, including his alma mater, then moved to Nicholls State in Thibodaux, LA, and had two short stints as an assistant coach at LSU.

    Further, his wife Pamela was a University of Louisiana at Lafayette graduate and their three children all had outstanding college careers in their chosen fields … at Louisiana universities.

    There could be more LA connections for Dunbar, but we won’t Geaux there anymore today.

    Pitt Stops

    Dunbar’s pro playing career began, in a manner of speaking, with Pittsburgh, which made him its eighth-round pick (209th overall) of the 1990 NFL Draft. We say “in a manner of speaking” because he never played with the Steelers, sitting out ’90 with a foot fracture from late in his last college season and being a final cut in the summer of ’91.

    He played for New Orleans in 1993 and Arizona in ’94-95 along with one-year stays with Orlando in the WLAF and the Rhein Fire in NFL Europe. His NFL career totals are 21 games played and one start. He had no pro sacks but acquired the knowledge to become a coach who has made his name in the pro game as a polisher of young talent, some into potentially big sackers.

    Dunbar obviously didn’t blame the Steelers for the quiet start to his pro career as he joined Mike Tomlin’s staff in 2018 and contributed to their top-10 NFL run defenses in ’18, ’22 and ’24 and to the league’s No. 1 sacking team with 392 QB takedowns combined from ’18-25.

    Transition to “Safety”

    Before fully committing to a coaching career, Dunbar, a criminal justice major at LSU, served as an undercover narcotics officer for the Opelousas Police Department. He was very good at his jobhe earned the nickname of :the “Human Battering Ram”for his ability to break down doors and assisted in about 60 drug-related arrests. He also was targeted by for hits by local drug dealers and was involved in gunfire during a drug bust in 1996.

    Dunbar was unhurt in the shootout, but Pamela insisted he get himself out of harm’s way, and thus a safer career in coaching football was born, starting with Opelousas HS.

    The Jets and a Few Others

    Dunbar’s coaching climb went from major college stops at LSU (of course) and Oklahoma State to the NFL. He began his pro coaching tour with Chicago in 2004 and had other assistant positions with the Vikings, Jets and Bills, before a two-year return to the SEC with Alabama and his longer tenure with the Steelers.

    His coaching superpower has been to help young D-lines and D-linemen move up in class. As a result, he’s provided his input for the careers of such as the Vikings’ Jared Allen and the Steelers’ T.J. Watt and Cameron Heyward.

    And in his first tour with the Jets, under HC Rex Ryan from 2012-14, he helped get the promising playing careers of first-round draft picks Sheldon Richardson and Muhammad Wilkerson revved up, with Richardson being named AP Defensive Rookie of the Year and Wilkerson voted AP second-team All-Pro in 2013.

    A Lifelong Cause

    Dunbar was diagnosed in seventh grade with the skin condition vitiligo, which causes a loss of melanin in patches across the skin and has no cure. He embraced the condition, has said he views it as a “blessing,” and has advocated for vitiligo awareness.

    He has partnered with the American Skin Association to highlight the condition’s psychological effects, especially and young people’s self-esteem and with Coolibar, which specializes in sun-protective clothing, in starting his own foundation. For his efforts, Dunbar was presented with the ASA’s inaugural Trailblazer Award in 2013.

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  • Choosing a career? In a fast-changing job market, listen to your inner self – counselor

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    by Kobus Maree, University of Pretoria

    The world of work today, in the 21st century, is far more unpredictable than it was in the 20th century. Jobs come and go, roles change constantly, and automation and digital disruption are the only constants. Many young people will one day do jobs that don’t yet exist or did not exist a few years ago. Change is the new normal.

    In this world, career counselling focuses on navigating repeated transitions and developing resilience. It is about employability and designing meaningful work-lives – not about finding a single “job for life”. It recognises that economic activity is part of wider social realities.

    At its heart is the search for a sense of purpose.

    As a career counsellor and academic, I’ve been through decades of innovation, research, and practice in South Africa and beyond. I have found that the work of US counselling psychologist Mark Savickas offers a useful way to understand how people build successful and purpose-filled careers in changing times.

    His career construction theory says that rather than trying to “match” people to the “right” environment, counsellors should see their clients as authors of their own careers, constantly trying to create meaning, clarify their career-life themes, and adapt to an unpredictable world.

    In simple terms, this means in practice that career decisions are not just about skills or interests, but about how we make sense of our lives. They are about our values and how we adapt when the world shifts.

    In my own work I emphasise that career counselling should draw on people’s “stories” (how they understand themselves) as well as their “scores” (information about them). This is why I developed instruments that blend qualitative and quantitative approaches to exploring a person’s interests.

    I also think career counselling should be grounded in context – the world each person lives in. For example, in South Africa, young people face multiple career-life transitions, limited opportunities and systemic constraints, such as uneven and restricted access to quality education and schooling, lack of employment opportunities, and insufficient career counselling support. My work in this South African context emphasises (personal) agency, (career) adaptability, purpose, and hope.

    This goes beyond “what job suits you best”, into a richer, narrative-based process. Clients recount their career-life story, identify “crossroads”, reflect on their values and purpose, and design their next career-life chapters. Essentially, this approach helps them listen to themselves – to their memories, dreams, prospects, values, and emerging self- and career identities – and construct a story that really matters to the self and others.

    I also believe that career counsellors should try to help people deal with their disappointments, sadness and pain, and empower them to heal others and themselves.

    Tips for career builders

    Adaptability is a central theme in current career theory. It has four dimensions:

    • concern (about the future)
    • control (over your destiny)
    • curiosity (exploring possibilities)
    • confidence (in your capacity to act).

    When you develop these capacities, you are better equipped to manage career-life transitions, redesign your career appropriately and promptly, and achieve a meaningful work-life balance.

    I have found that in practice it’s helpful to:

    • reflect on key “turning points” in your career-life and earliest memories
    • integrate self-understanding with awareness of what’s happening in an industry, technology and the economy
    • draw on “stories” (subjective information about yourself) and “scores” (objective data)
    • develop a sense of mission (what the job means for you personally) and vision (your contribution to society, not just your job title).

    I invite you to reflect deeply on your story, identify the key moments that shaped you, clarify your values, and decide what contribution you want to make. Then (re-)design your way forward, step by step, one transition at a time.

    If it’s possible, a gap year can be a good time to do this reflection, learn new skills and develop qualities in yourself, like adaptability.

    One of the best pieces of advice for school leavers I’ve ever seen was this: “Get yourself a passport and travel the world.”

    How a counselor can help

    One of the key tenets of my work is the belief that career counseling should be beneficial not only to individuals but also to groups of people. It should promote the ideals of social justice, decent work, and the meaningful contribution of all people to society.

    For me, the role of practitioners is not to advise others but to enable them to listen to their inner selves.

    To put it another way: in a world of uncertainty, purpose becomes a compass; a North Star. It gives direction. By helping you find the threads that hold your life together and your unique career story, a counsellor helps you take control of your career-life in changing contexts.

    There’s also a shift of emphasis in career counseling towards promoting the sustainability of societies and environments on which all livelihoods are dependent.

    Career counseling is more vital than ever – not a luxury. It’s not about providing answers but about helping people become adaptive, reflective, resilient and hopeful.

    Kobus Maree, Professor of Educational Psychology, University of Pretoria

    This article is republished from The Conversation under a Creative Commons license. Read the original article.

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  • Will.i.am grinds from 5-to-9 after his 9-to-5—because work-life balance is for people ‘working on someone else’s dream’ and not for visionaries | Fortune

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    Will.i.am is busy. When he’s not writing hit songs like “OMG” for Usher, he’s looking for the next big pop star on The Voice UK, or running his new AI company, FYI. So how exactly does he balance it all? 

    The Grammy Award–winning artist turned tech entrepreneur revealed to Fortune that he maxes out the 5-to-9 after the daily grind of his 9-to-5, and he advises Gen Zers to forget about work-life balance if they want to emulate his success.

    “If you’re trying to build something that doesn’t exist, it’s about dream-reality balance,” he says. “Work-life balance means that you’re working for somebody else’s dream. You just have a job supporting somebody else’s dream, and you want to balance your work and your life.

    “But if it’s dream-reality balance, then it’s not work. It’s a dream that you’re trying to put into reality, and you’re ignoring your current reality.”

    For example, after working on his tech venture from 9 a.m. to 5 p.m., Will.i.am says that he goes back to work on his creative business until 9 p.m. But before his AI company was a reality, his day was flipped. He’d work on music first before dipping into his tech side hustle well into the evening. 

    It’s why he advises young people to reframe how they think of their time off work and their current 9-to-5 reality.

    “I’m not really paying attention to this reality,” he explains. “I’m trying to bring that one [a new business venture or idea] here and focusing on how do I get people who believe in this dream to help me materialize it? So for that, you have to make some type of sacrifice to bring this thing that doesn’t exist here.

    “From that perspective, work-life balance is not for the architects that are pulling visions into reality. Those words don’t compute to the mindset of the materializers.”

    Will.i.am doesn’t even take time out for his birthday—and goes to work in China on Boxing Day

    Of course, many young people already put in hours to their side hustles and personal development after work. Millions of Gen Zers and millennials are tuning into people’s 5-to-9 evening routines on TikTok. 

    But Will.i.am says chipping away at your dream when most people are off work extends to weekends, birthdays, and holidays.

    “I didn’t party. I was always a square, meaning, ‘You work too much, man, let’s go out.’ Like what? Go out. I don’t want to go out. I just always worked,” the rapper says. “It’s your birthday what are you gonna do? Work. You ain’t gonna celebrate?”

    The multimillionaire says he’s always saved the celebrating for the stage, where he can finally enjoy the fruits of his labor.

    “There’s nothing that’s ever gonna feel that glorious than when you’re actually at a festival. But how do you get to headline a festival? You’ve got to work. My friends would go out and party, hanging out with chicks, doing drugs, drinking. I was just in the studio working, writing songs.”

    To this day, he says that he hasn’t gone out and celebrated a birthday—including his most recent one, which was just last week on March 15.

    “Like on Christmas for the past 12 years: I could celebrate Christmas with my family, and then on the 26th, I fly to China because that’s dream maker heaven. Anything you want to make is there.”

    Will.i.am was speaking to Fortune in Rome for the rollout of Raidio.FYI radios in Mercedes-Benz cars.

    Will.i.am’s daily work routine

    7 a.m.: Will.i.am is not a part of the CEO-approved 5 a.m. club. Instead, he told Fortune he wakes up at around 7 a.m., and he sticks to this routine whether he’s living in L.A. or London. 

    8 a.m.: “I walk, do my calls, and get to work,” he says, with the aim to start work at 9 a.m. 

    9 a.m. to 5 p.m.: “I get a lot done from nine to 12, do my little lunch, then back to work at one, finish at five, and that’s all my tech, like entrepreneurial activities.”

    5 p.m. to 9 p.m.: “The night hours are creativity,” he says, adding that specifically between 7 p.m. and 9 p.m. is when he gets the best ideas. “That’s the juicy bits, [when] I’m freaking soaking in emotion, to where I just rinse it out in the phone.” 

    9 p.m. onward: When Will.i.am was in his late twenties, he says going to sleep at 4 a.m. (and waking up at noon) was the norm. But now, at 50 and balancing both his tech and music ventures, he starts unwinding for bed after 9 p.m. and is asleep by 11 p.m. 

    A version of this story originally published on Fortune.com on March 23, 2025.

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  • Chanel exec started in teaching—she fell into luxury after a failed exam forced her back to school. Her career advice for Gen Z? Get out of their dorms | Fortune

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    Claire Isnard can trace her 40‑year career—including 17 years at fashion house Chanel—back to one bad exam. Had she passed, she’d likely still be in a classroom, grading essays on Italian literature.

    Looking back, in her first-ever sit-down interview ahead of her retirement, Isnard says she feels like she’s come full circle. Despite having zero HR qualifications, she wound up as Chanel’s chief people and chief organization officer. “When you draw my story back, the first compelling and meaningful thing that would end up spread across everything I’ve done is helping people become who they didn’t think they can become,” she told Fortune.

    “For me, teaching was not about the speciality of French or Italian, it was about helping those young people—especially the ones who were having difficulty unleashing their skill set and couldn’t find themselves internally, I could help them become larger, bigger than what they thought,” she said. “And I loved it very much.”

    At the time, Isnard took that career plan “very, very seriously” and was giving language lessons to teenagers in both Italy and France while studying, which made the final exam failure that would have cemented a lifelong academic career all the more confusing.

    “Not only I failed,” Isnard said, “but I didn’t know what I wanted to do. I had no clear path ahead of me. I had no clear goal.” 

    With no plan B, she went back to school and threw herself into student forums and networking events. It led to a chance encounter that would drag her from the classroom into consulting—and eventually, right into Chanel’s corner office.

    Gen Z: Failure might be your lucky break—but not if you don’t get out

    40 years later, Isnard still remembers how crushing that first experience of failure was—but she refuses to let younger generations see similar setbacks as the end of the story.

    Now, the lesson she reminds her millennial children (who are 30 and 33) is that failure is simply “a roadblock on the road, not the end of the road.” 

    “It hurts, it’s very uncomfortable,” Isnard said. “It can be very frustrating because you worked hard. Although it may not feel like it in the moment, this pause could be a blessing in disguise.”

    Isnard recommends using failure as an opportunity to reassess the direction you’re going down—as well as whether you’re even enjoying it. 

    “There is a signal here that either you’ve not worked enough—if you really want to do it again, work harder, and you will get it—or maybe there was something that was not for you,” she said. “Look at what you enjoyed in doing that, but also look at the thing you don’t enjoy, and go where your passion is… I’m really convinced that we cannot be good at something we don’t like doing.”

    Of course, passion alone is not enough to land a big break after a failure. It doesn’t matter how much you love talking about luxury brands or coding—if you don’t get out of your comfort zone and show them, no one will know. That’s why Isnard recommends Gen Zers simply get out into the world.

    “If you stay in your room, or behind your computer, you just don’t get those moments of connection that spark a different conversation, or open your mind to possibility, or let you meet someone who finds something interesting in you,” she said. 

    She would know. Just one “lucky” conversation with the founder of a boutique consultancy at a student forum turned into a two-decade career in the industry, including climbing up Aon Hewitt’s ranks (formerly known as Hewitt Associates) to managing director.

    “I was present in all forums, in all networks, where I could meet people that I would not meet otherwise, and it was a series of encounters that brought me to the woman who hired me,” she said. “So I really believe in connection. I really believe in going outside of your comfort zone—open that door, be curious, meet with people, enter the conversation.”

    Isnard says you don’t need a slick five-year plan, or even a full-to-the-brim contacts book—just the courage to start up conversation in a room full of strangers. 

    “Everyone knows someone,” she said. “So I didn’t hesitate to say, I’m hungry for work and I would like to do something that has to do with writing, thinking and being helpful to others.”

    The brutally honest answer that got her poached by Chanel

    Being courageous worked out in Isnard’s favour when Chanel was a client of hers. Soon after the company had hired its first-ever global CEO, Maureen Shekels, she directly asked Isnard one tough-to-answer question: Do I have what I need to act as a global CEO?

    The answer, Isnard gave her, was brutally honest: No. 

    For eight years, she had partnered with the fashion brand on “different, strategic problems.” And that proximity became vital when its new boss asked her to carry out a no‑nonsense diagnosis of her leadership and how to bring the luxury brand out of an outdated, fragmented structure.

    “So we designed together a global model for the future,” Isnard said. “It’s easier for a consultant to tell [the harsh truth] because you have objectivity, you don’t have the emotion of being inside. I was not losing anything; I was helping my client to see through what she needed for the future.”

    But what Isnard perhaps didn’t expect was to get poached by the CEO herself, just two years later in 2008: “I was very surprised, because I’ve never been an HR in my life before,” Isnard recalled, before adding she didn’t think twice before accepting despite feeling a mixture of honoured, intimidated, and frankly, a bit scared.

    “I had to move with my family to New York from France,” she said. “I had to learn how to be an insider—I knew everybody, all the leaders, but from the outside. I had to build a team. There was no global team in HR. I had to do everything from scratch.”

    Despite her lack of formal HR credentials, Chanel’s global footprint has expanded dramatically over the past two decades. Today, the brand operates in roughly 70 countries worldwide with over 600 boutiques. Under Isnard’s watch, its workforce has more than tripled, growing to 38,400 employees worldwide.

    “It’s another story of someone placing trust in you,” she added. “Take risk, pivot, but do it with people you trust—who trust you too. And check that you have the passion for what is to come.” 

    What comes after Chanel’s corner office?

    Now, as she prepares to step down after over 17 years as Chanel’s chief people and organization officer, Isnard faces a familiar uncertainty—the same feeling she had after that first failed exam. Only this time, she’s looking forward to it.

    “The next chapter for me is to be invented, which is also back to the first conversation, how will I take risk—or not? Am I going to meet with other people? It’s all about the new possibilities that will unfold.” 

    The outgoing exec, who says she’s been reflecting on what her purpose is and will take some more time to ponder, already knows she wants to “continue being contributive,” even in retirement. 

    “The worst is if you feel lost and you feel abandoned. But I think the other worst is that you get another kind of frenetic, but it has no meaning. It’s just a bunch of activities for the sake of not being by yourself. These are the things that I want to absolutely avoid,” she said.

    In the end, she hints she may just go back to where it all began: In teaching, some way or another.

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    Orianna Rosa Royle

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  • Billionaire Palantir cofounder calls elite college undergrads a ‘loser generation’ as data reveals rise in students seeking support for disabilities | Fortune

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    That reality is showing up on a campus. A growing share of college students are seeking medical evaluations for ADHD, anxiety, and depression—and requesting academic accommodations such as extended time on exams and papers. At some of the country’s selective universities, the numbers are striking: more than 20% of undergraduates at Brown and Harvard are registered as disabled. At UMass Amherst, it’s 34%; Stanford, 38%, according to data analyzed by The Atlantic.

    While it’s clear that many students requesting accommodations do so for legitimate medical reasons and that increased diagnoses may reflect greater mental-health awareness, some experts have raised concerns about overdiagnosis and whether universities are making it too easy for students to qualify. And the debate has set off a wildfire on social media this week, catching the attention of high-profile business leaders, including Joe Lonsdale, the billionaire venture capitalist and Palantir cofounder.

    Lonsdale’s response offered no sympathy. “Loser generation,” he wrote in reaction to a graph showing the rising number of undergraduate students reporting disabilities.

    “At Stanford it’s a hack for housing though and at some point I get it, even if it’s not my personal ethics. Terrible leadership from the university.”

    He argued that families have been slowly using disability accommodations to give their children an academic advantage—when they might not actually need it.

    “Claiming your child has a disability to give them a leg up became an obvious dominant game theoretic strategy for parents without honor in the 2010’s,” Lonsdale wrote earlier this month on X. “Great signal to avoid a family / not do business with parents who act this way.”

    And while it’s unclear how many students, if any, are trying to game the system, Lonsdale has made his broader view clear: he doesn’t think universities are preparing young people—or evaluating them—in ways that matter.

    “No great companies are interested in the BS games played by universities,” he added.

    Fortune reached out to Lonsdale for further comment.

    Lonsdale’s complicated history with higher education

    Though a Stanford alum himself, Lonsdale has a complicated history with the institution and higher education more broadly.

    In the early 2010s, while serving as a mentor in a Stanford tech entrepreneurship course, Lonsdale was accused of sexual assault by a student—and banned from mentoring undergraduates for 10 years and from campus entirely. The assault charges were later dropped, but Lonsdale acknowledged violating a rule prohibiting consensual relationships between mentors and students.

    Less than a decade later, in 2021, Lonsdale cofounded his own school—the University of Austin—with Niall Ferguson, Bari Weiss, and others. The institution prides itself on freedom of speech and overcoming the “mediocrity” of traditional higher education. It welcomed its first group of undergraduates last fall and remains unaccredited.

    The school has drawn support from Lonsdale’s fellow Palantir cofounder and Stanford alum Alex Karp, who has also criticized the college system.

    “Everything you learned at your school and college about how the world works is intellectually incorrect,” Karp, Palantir’s CEO, told CNBC earlier this year.

    Instead, the 58-year-old said Palantir is building a new credential “separate from class or background,” that is the “best credential in tech.”

    “If you did not go to school, or you went to a school that’s not that great, or you went to Harvard or Princeton or Yale, once you come to Palantir, you’re a Palantirian,” Karp said during an earnings call earlier this year. “No one cares about the other stuff.”

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  • Skims founding partner Emma Grede schedules an ‘AI day’ once every six weeks to future-proof her career: ‘It’s like do or die’ | Fortune

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    AI fluency is becoming a baseline expectation across industries and is even boosting salaries for some job seekers with experience in the tech. It’s also become a tool for business leaders like Emma Grede to future-proof her career.

    “We have no choice but to AI-proof our careers,” the Skims founding partner told senior markets reporter Madison Mills at Axios’ annual dealmaking summit BFD on Wednesday. 

    Grede added that she commits time once every six weeks, which she calls “AI day,” to “just sit and learn” about the tech.

    “I am encouraging every single—specifically women—in my organization to do exactly the same,” Grede said. “We don’t have a choice anymore. It’s like do or die.”

    Grede, also the chief product officer of Skims, helped launch the brand in 2019 alongside Kim Kardashian and her husband, Jens Grede. Earlier this month, the shapewear company raised $225 million at a $5 billion valuation in a funding round led by Goldman Sachs Alternatives.

    The British-born entrepreneur, who has an estimated net worth of $405 million and was recognized by Forbes as one of America’s richest self-made women for the fourth year in a row, has talked at length about the importance of human connection in dealmaking,  business and getting herself ahead.

    But Grede toldFortune in August that fellow Shark Tank star Mark Cuban pushed her to come to grips with the tech when the two sat down to film an episode of her hit podcast show Aspire and compared their AI usage.

    “I was already kind of getting there, but if I’m really honest, that episode where we really delved into AI gave me a new urgency around how I use AI,” she said, adding that Cuban had 60 AI apps on his phone. “Yeah, he gave me a kick.”

    Right after wrapping, she said that she started looking into AI courses at the Wharton School and Harvard for the fall. “I need to figure this out, because I’m using AI like a 42-year-old woman,” Grede said.

    Still, scheduling time to learn about AI “feels against the very ethos of what feels right,” Grede told Axios on Wednesday, adding that she craves real conversation and connection with a human being. But she conceded the education will help in the long-run.

    “We have to future-proof our organizations and ourselves,” Grede said.

    Demand for talent

    Grede also told Fortune in August that she offered her staff a cash bonus for using AI long before Cuban’s wake up call.

    “About two years ago I put a note out in my office giving a cash bonus to anyone that uses AI in their work,” she said, adding that the incentive was a big hit—especially with the marketing and finance teams.

    She likened the new skill to the coding wave, which peaked in the mid-2010s and saw public campaigns encourage students and professionals to learn coding fundamentals. 

    A July report by labor market intelligence firm Lightcast found non-tech roles that require AI skills are soaring in value and job postings for the roles are offering 28% higher salaries—a pay premium of nearly $18,000 more per year.

    Almost three in four CEOs worldwide say competition for AI talent could constrain their future prosperity, and 77% say workforce readiness and upskilling will have a major impact on their business in the next three years, according to KMPG’s CEO Outlook 2025 published in October. 

    More than 70% are retraining high-potential employees in AI, the report said.

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  • This 26-year-old was laid off from his ‘dream job’ at PwC building AI agents. He’s worried the tech he built has led to more job cuts | Fortune

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    Titans of industry like Salesforce, Microsoft, and Intel have all been slashing staff, and employees are hand-wringing about being next on the chopping block. Donald King, a 26-year-old who built AI agents for PwC, never thought he’d be the next one out the door—but he soon realized why consultants are called “hatchet-men.”

    After graduating with a degree in finance from the University of Texas at Austin in 2021, King landed a job at one of the “Big Four” consulting giants: PwC. He packed his bags and moved to New York to start his role as an associate in technology consulting, working with major clients, including Oracle, during his first year. But everything changed when PwC announced a $1 billion investment in AI; King was already intrigued by the tech, so he pitched himself to join the company’s AI factory team. Working 60 to 80 hours a week, he immersed himself in the tech, even throwing knowledge-sharing AI agent block parties within the firm that drew up to 250 participants. King logged a ton of hours—sometimes at the expense of his weekends—but was confident he was excelling in his role as a product manager and data scientist.

    “I was coding and managing a team onshore and offshore. It was crazy, it’s like, ‘Give this 24-year-old millions of dollars of salary spent per month to build AI agents for Fortune 500 [companies],’” King tells Fortune. “[It was] my dream job…I won first place in this OpenAI hackathon across the entire firm.”

    Although King was proving himself as a key AI talent for PwC, he did begin to question the impact of his work. The AI agents King was building for major corporations could undoubtedly automate swaths of human roles—perhaps even entire job departments. One Microsoft Teams agent his group created mimicked an actual person, and King was a little spooked. 

    “We had a late night call with all the boys that are building this thing, like, ‘What the hell are we building right now?’” King says. “Just saying ‘Treat them like humans’ is probably not the best way to think about it.”

    Behind the scenes, a layoff was brewing—but this time, for King. In October 2024, just eight months into his final role at PwC, the Gen Zer presented his winning project from the OpenAI hackathon: a fleet of AI agents that automated manual tasks. King was proud and felt confident in his place at the firm, but two hours later, PwC called King to inform him he was being laid off. The 26-year-old recorded the meeting and posted it on TikTok, raking up more than 75,000 likes and 2.1 million views. Commenters under his videos expressed shock that King would be let go after winning the hackathon.

    “I thought I was safe, especially after I won first place,” King says. “I just got a little blindsided.”

    King clarifies he doesn’t think there were any “nefarious” intentions behind his layoff, reasoning he was likely a random staffer dismissed after the firm had overhired in previous years. However, he does connect the dots between the AI agents he built for PwC customers and the layoffs that soon ensued at those client companies. 

    Fortune reached out to PwC for comment. 

    King believes his AI agents may have been connected to layoffs 

    While King doesn’t believe his former role at PwC was automated, he recognizes that the AI agents he built likely had an impact on others. The year after his layoff, King observed that some of the Fortune 500 clients he served were implementing staffing cuts. Those AI agents he helped create may have had a hand in the layoffs. 

    “It’s 100% connected,” King says. “I knew that consulting was a hatchet-man type job, I knew you’re going in to potentially lay people off, but I didn’t think it was going to be like this.”

    While King believes AI agents are akin to the reasoning power of a five-year-old, they still know “all the corpus of information in the world” and can automate mundane tasks. Oftentimes, that means entry-level jobs are most at risk of being disrupted. 

    “It’s automating tasks, 100%, those are gone,” King says. “If your job is doing those menial types of things, if you’re just emailing a spreadsheet back and forth, you can kiss your job goodbye.”

    Pivoting to his new life purpose: founding a marketing agency 

    While being on PwC’s AI team may have once been his dream job, the layoff didn’t crush his spirit. 

    “I’m grateful for it happening…It was the worst thing that ever happened to me, but then it turned into the best thing,” King says. “Overall, [I’m] very grateful that I got laid off.”

    In the aftermath of being let go, King says he was inundated with job offers from major tech companies to join their AI operations. However, the scrappy young entrepreneur sidelined the idea of returning to a nine-to-five gig; instead, King started his own marketing agency, AMDK. The business officially launched in December last year, less than two months after being laid off from PwC. 

    So far, King says AMDK has roped in clients ranging from small companies to billion-dollar enterprises, many of whom are looking for AI agents of their own. His end goal is to build a swarm of agents that help companies with their back ends—but after his experience on PwC’s AI team, he says he’s being cautious about the ramifications of his creations. He’s still learning the ropes of entrepreneurship, but wouldn’t trade the highs and lows for a salaried corporate job.

    “This is my purpose in life, versus this is someone else’s purpose,” King says. “[I’m] way happier.”

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    Emma Burleigh

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  • Ex-Meta exec says Mark Zuckerberg taught him a lesson in work-life balance: Now he has strict rules for meetings and emails at his $1 billion tax firm | Fortune

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    When Martin Ott joined Facebook to lead its Northern and Central Europe operations as MD in 2012, the company was pre-IPO, pivoting from desktop to mobile phones, and had just a few thousand employees globally. 

    He’s one of the few leaders who witnessed Meta’s evolution firsthand from its scrappy early days under a twenty-something-year-old Mark Zuckerberg to one of the world’s most powerful platforms. 

    But the biggest lesson he took away from that period wasn’t about scale or speed—or grinding all hours of the day to make it. Ott credits Zuckerberg with teaching him the opposite: To focus on making the biggest impact you can during working hours.

    “One of the things I’m also passing on is, there’s only so many hours in a day,” Ott, who’s now CEO of Taxfix, the Berlin-based tax app valued at more than $1 billion, tells Fortune. 

    “Ask yourself, what is the real one thing you could do today to really have impact, make a difference? Ask yourself, do you need to be in that meeting or not?” 

    Tech billionaires say you need to work 24/7 to make it, but Ott says you’ll just burn out 

    It’s a refreshing stance, when so many tech leaders say the only way to make it is by always being on. 

    Lucy Guo, the cofounder of Scale AI and the world’s youngest female self-made billionaire, wakes up at 5:30 a.m. and ends her day at midnight. She previously told Fortune that people who crave balance are in the wrong job.

    Meanwhile, Twilio’s CEO Khozema Shipchandler previously told Fortune that the only gap he allows himself “to not think about work is six to eight hours on Saturdays.” 

    And then there’s Reid Hoffman, the visionary behind LinkedIn, who has said that work-life balance simply isn’t possible in the start up world—not least for founders. With the exception of dinner with family, he even admitted he expects employees to constantly be working.

    “That 24/7 only works so long,” Ott says, while adding that switching off is not only important for leaders, but also those working under them. “It’s also protecting team members from getting burned out. You don’t ever want to get there.” 

    “It is making sure that you’re not about 24/7 constant on, but being deliberate.”

    Balance and boundaries for emails and meetings

    As well as focusing only on the meetings where he can make a real impact, Ott has built deliberate practices to protect both his own and his team’s boundaries. 

    “So the most important thing is I structure my day.” Ott gets up early most mornings at around 5:30 a.m. and reads for half an hour before working out.

    “I exercise in the mornings, I go running here on the lake,” he says, adding that he tries to stay in touch with a support network and meditates for his mental health, too. “At times, I meditate every day, and then I drop it. Now I’m in the phase where I’ve dropped it and want to pick it up again.” 

    But even if Ott starts his day early, drafting emails before meetings begin, he’ll make sure they don’t land in his team’s inbox until they start work: “I start writing Slack messages and emails. Often, they only go out with a scheduling function at 8 a.m. or 9 a.m. So I don’t pull people out of their free time, which they need to recharge, because it is a marathon.”

    “Everyone tells you, when you start a company, or you’re running a company, there will be ups and downs. There will be constant crises. There’s a lot of pressure as well,” Ott adds. “You need to make sure you see it actually as a marathon, not a sprint. And that also means you have to maintain the high performance over a long period of time. And that doesn’t work 24/7.”

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    Orianna Rosa Royle

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  • Laura Dern Has the Spirit of Seventies Cinema

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    The actor, who plays George Clooney’s publicist in “Jay Kelly” and Will Arnett’s estranged wife in “Is This Thing On?,” has spent her life surrounded by Hollywood luminaries.

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    Michael Schulman

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  • The CEOs of Apple, Airbnb, and PepsiCo agree on one thing: life as a business leader is incredibly lonely | Fortune

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    Being CEO has its many perks: Business leaders get to command the world’s most powerful companies, shape their legacies as pioneers of industry, and enjoy hefty billion-dollar paychecks. But in the steep climb up the corporate ladder, many won’t notice all the peers left behind until they’re looking down from the very top. It can be a lonely, solitary job.

    Leaders at some of the world’s largest companies—from Airbnb and UPS to PepsiCo and Apple—are finally opening up about the mental toll that comes with the job. As it turns out, many industry trailblazers are grappling with intense loneliness; at least 40% of executives are thinking of leaving their job, mainly because they’re lacking energy and feel alone in handling daily challenges, according to a Harvard Medical School professor. And the number could even be higher: About 70% of C-suite leaders “are seriously considering quitting for a job that better supports their well-being,” according to a 2022 Deloitte study. 

    To ward off feelings of isolation, founders and top executives are stepping outside of the office to focus on improving their well-being. Toms founder Blake Mycoskie struggled with depression and loneliness after scaling his once-small shoe business into a billion-dollar behemoth. Feeling disconnected from his life’s purpose and that his “reason for being now felt like a job,” he went on a three-day men’s retreat to work on his mental health. And Seth Berkowitz, the founder and CEO of $350 million dessert giant Insomnia Cookies, cautions bright-eyed entrepreneurs the gig “is not really for everyone.” 

    “It can be lonely; it’s a solitary life. It really is,” Berkowitz recently told Fortune.

    Brian Chesky, cofounder and CEO of Airbnb

    Eugene Gologursky / Stringer / Getty Images

    Airbnb’s cofounder and CEO Brian Chesky is one the most outspoken leaders in the business world waving the red flag on loneliness. Chesky described having a lonely childhood, pulled between his love for creative design and sports, never really fitting in. But his mental health took a turn for the worse once assuming the throne as Airbnb’s CEO. His other two cofounders—who he called his “family,” spending all their waking hours working, exercising, and hanging out together—were suddenly out of view from the peak of the C-suite. 

    “As I became a CEO I started leading from the front, at the top of the mountain, but then the higher you get to the peak, the fewer the people there are with you,” Chesky told Jay Shetty during an episode of the On Purpose podcast last year. “No one ever told me how lonely you would get, and I wasn’t prepared for that.”

    Chesky recommends budding leaders actually share their power, so no one shoulders the mental burden of entrepreneurship alone. 

    “I think that ultimately, today, we’re probably living in one of the loneliest times in human history,” Chesky said. “If people were as lonely in yesteryear as they are today, they’d probably perish, because you just couldn’t survive without your tribe.”

    Indra Nooyi, former CEO of PepsiCo

    Jemal Countess / Stringer / Getty Images

    Leaders at Fortune 500 giant PepsiCo face constant pressure from consumers, investors, board members, and their own employees. But it’s also tough to vent to peers who may not relate to—or even understand—the trials and tribulations of running a $209 billion company. Indra Nooyi, the business’ former CEO, said she often felt isolated with no one to confide in.

    “You can’t really talk to your spouse all the time. You can’t talk to your friends because it’s confidential stuff about the company. You can’t talk to your board because they are your bosses. You can’t talk to people who work for you because they work for you,” Nooyi told Kellogg Insight, the research magazine for Northwestern’s Kellogg School of Management, earlier this year. “And so it puts you in a fairly lonely position.”

    Instead of divulging to a trusted friend or anonymously airing out her frustrations on Reddit, Nooyi looked inward. She was the only person she could trust, even if that meant embracing the isolation. 

    “I would talk to myself. I would go look at myself in a mirror. I would talk to myself. I would rage at myself. I would shed a few tears, then put on some lipstick and come out,” Nooyi said. “That was my go-to because all people need an outlet. And you have to be very careful who your outlet is because you never want them to use it against you at any point.”

    Carol TomĂŠ, CEO of UPS

    Kevin Dietsch / Staff / Getty Images

    Before Carol Tomé stepped into the role of the CEO of UPS, she was warned the top job goes hand-in-hand with loneliness. The word of caution didn’t phase her—at least, not at first. But things changed when she actually took the helm of the $75 billion shipping company. 

    “I would say, ‘How lonely can it really be? It can’t be that lonely?’ What I’ve since learned is that it is extraordinarily lonely,” Tomé told Fortune last year. 

    “When you are a member of an executive team, you hang together…Now, my executive team will wait for me to leave a meeting so that they can debrief together. It’s the reality and you have to get used to it. But it is super lonely.”

    Tim Cook, CEO of Apple

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    Apple CEO Tim Cook isn’t immune to the loneliness that often comes with the corner office. More than 14 years into his tenure, he’s acknowledged his missteps, which he called “blind spots,” that have the potential to affect thousands of workers across the company if left unchecked. Cook said it’s important for leaders to get out of their own heads and surround themselves with bright people who bring out the best in them. 

    “It’s sort of a lonely job,” Cook told The Washington Post in 2016. “The adage that it’s lonely—the CEO job is lonely—is accurate in a lot of ways. I’m not looking for any sympathy.”

    Seth Berkowitz, founder and CEO of Insomnia Cookies

    Courtesy of Insomnia Cookies

    Entrepreneurship can be a deeply fulfilling and rewarding journey: an opportunity to trade a nine-to-five job for a multimillion-dollar fortune, if all the right conditions are met. And while Insomnia Cookies’ Seth Berkowitz loves being a CEO and all the responsibilities that come with it, he cautioned young hopefuls about the weight of the career. He, like Cook, advises aspiring founders to counter loneliness with genuine, meaningful connections.

    “It can be lonely; it’s a solitary life. It really is. [During] the harder times, it’s very solitary—finding camaraderie, mentorship, some sense of community, it’s really important,” Berkowitz recently told Fortune. “Because I go so deep, it’s sometimes hard to find others and let them in.”

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    Emma Burleigh

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  • Kendra Scott says she launched her billion-dollar business from her bedroom with just $500—when she was pregnant with her first son | Fortune

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    When Kendra Scott launched her jewelry business in 2002, she had no investors, no retail experience, and just $500 to her name. What she did have was a spare bedroom in her Austin, Texas home, a newborn baby, and the kind of determination that turns impossible odds into billion-dollar success stories.​

    “I built it out of my bedroom,” Scott said in a recent interview with The School of Hard Knocks, which has 5.6 million followers on TikTok. “Extra bedroom in my house, on a card table. 500 bucks, baby. That’s it.”

    Scott designed her first jewelry collection while pregnant with her first son, hand-wiring each piece with semi-precious stones. For years, she made jewelry as gifts for her friends, but in the retail space, she’d always felt like there was expensive, or low-quality, but nothing in between. So she set out to make high-quality jewelry at accessible price points.

    Just three months after giving birth, she put her first samples in a tea box, strapped her infant son into a baby carrier, and walked store to store through Austin, writing down orders from local boutiques.​

    “He was actually sitting on my lap and went to my first sales calls, going store to store with me. He was my little sales rep,” Scott said. “Babies do sell product, you know, babies and puppies. Bring them on your sales call. It works.”

    The early days tested her resolve. At the last boutique she visited on that first sales trip, Scott had to sell all her original samples to buy enough materials to fulfill the orders she had just secured. She sold her car, took out personal loans, and funneled every dollar back into her fledgling business. As a single mother, rent negotiations with her landlord became routine.​

    “Failure wasn’t an option. I had to succeed,” Scott told Entrepreneur in 2015.​

    Scott told The School of Hard Knocks she had “a scary relationship” with debt. She said she put up everything she owned up as collateral in order to secure loans. “I knew that if I didn’t make those loan payments or if I didn’t sell the product, I was gonna get that loan called. And that meant I was gonna be B-R-O-K-E,” she said. But that pressure forged discipline. “It made me be a very disciplined business owner. Even today, with a billion-dollar brand, every single dollar we spent, I look at it and make sure it’s gonna work for us.”

    Growth after crisis

    The 2008 financial crisis nearly brought everything to a halt. Scott’s business had grown beyond Austin, with showrooms in Dallas and New York and partnerships with major department stores. But when the recession hit, wholesalers disappeared overnight and her bank called in a line of credit that would have drained the company. After countless rejections from other banks, she found a lifeline at a local Texas bank, where a female president looked beyond the numbers and saw Scott’s potential.​

    “She gave me the loan. She kept my business alive,” Scott wrote in an article for Thrive Global in 2019.​

    That crisis forced a pivot that would define the brand’s future. In 2010, despite having sworn off retail after a failed hat business years earlier, Scott opened her first jewelry store in Austin. It was a hit: Customers could touch and try on pieces freely rather than viewing them behind glass, and they could customize jewelry in real time, choosing from more than 50 styles and 30 stone colors, with pieces assembled on-site within minutes.​

    “It was unlike any jewelry shopping experience that had ever existed. It was like a nightclub,” Scott told Foundr in 2022.​

    Lines formed around the block. Revenue exploded from $1.7 million in 2010 to $24 million in 2013. By 2016, when Boston-based private equity firm Berkshire Partners acquired a minority stake in the company, Kendra Scott was valued at more than $1 billion. Scott remained the majority shareholder and CEO—one of only 16 women in the United States at the time to hold the title of founder of a billion-dollar company.​

    Tom Nolan, CEO of Kendra Scott Design, told Fortune earlier this year the company operates about 150 retail stores with plans to open 25 more by year’s end. The company generates several hundred million dollars in annual revenue, grew 20% year-over-year in 2024, and employs more than 2,600 people—over 95% of whom are women, according to Scott. The company has also expanded its product lines beyond jewelry into fine jewelry, home décor, beauty products, and a new Western-inspired lifestyle brand called Yellow Rose.

    ​Advice for entrepreneurs

    When asked about retail’s future, Scott was emphatic. “Oh, honey, retail is so alive. And brick-and-mortar is not dead. Four walls are a place where you build community and build brand awareness. We need human touch. It can’t just be digital, and you’re able to do that in brick-and-mortar. Build brick-and-mortar for experience first. Connection over transaction. The transaction will follow.”

    The jewelry business margins, she noted, “are really good. They’re good margins.”

    But her most important advice had nothing to do with business strategy. “Leave your fingerprint. You’ve got one chance at this life. Your life is a grain of sand. Make it matter, whatever you do in your life. You have a reason that you are here. You have a reason to affect people in a positive way. Figure out what that is. And if you can do that through business like I’m doing, awesome, but leave your mark.”

    You can watch the entire interview with Kendra Scott and The School of Hard Knocks below:

    @theschoolofhardknocks She built a BILLION DOLLAR BRAND 🤯 I interviewed @Kendra Scott on how she turned just $500 into a Billion Dollar company! Since she started her business when she was pregnant, I asked her how it was possible! I also asked her about the margins in her business and whether or not she thinks the future of retail is dead. Lastly, I asked her the best advice she’d give to the younger generation. #wealth #entrepreneur #financialfreedom #motivation ♬ original sound – The School of Hard Knocks

    For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

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    Dave Smith

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  • Billionaire ex-Google CEO says one deceptively simple weekend habit will help you level up at work | Fortune

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    Eric Schmidt, whose net worth is hovering around $45 billion, knows what it takes to climb the corporate ladder in Silicon Valley, having spent a decade as CEO of Google. Yet the secret to his success is not racking up endless hours in the office.

    Instead, Schmidt credits a deceptively simple habit, one he calls a game-changer for anyone seeking meaningful productivity gains: Set aside a few undisturbed hours each weekend for reflection, and grab a pen and paper. No screens allowed.

    This approach, which Schmidt revealed during a recent interview on The Gstaad Guy Podcast hosted by Gustaf Lundberg Toresson, traces back to his mentorship by the late great Bill Campbell, legendary coach to tech’s most influential leaders.

    “You work really hard during the week, as hard as you can—you know, 12 hours, 14 hour days, whatever—and on the weekends, when you’re at home or with your family or whatever, carve out a few hours to think,” Schmidt said on the podcast. “Turn off the phone. You’re not texting. You’re not looking at Instagram and so forth. And think and write down your assessment of what you did last week, and then what you need to do next week to address the things you forgot to do last week.”​

    He insists this simple practice can be transformative because it helps you practice focusing on accountability. “It’s a good trick because it forces you to take charge of your next week. Like, ‘Oh, I forgot that I have a sales problem over there,’ or ‘I forgot I was supposed to call this person,’ ‘Oh, I didn’t have this proposal and I had this idea but I didn’t get to it.’ And that usually works pretty well,” he said.​

    This practice isn’t about squeezing more tasks into the weekend. It’s about using downtime to recalibrate. Schmidt said he eventually found his optimal workweek to be about 63 hours—not the 80-plus-hour marathons of his younger years—which just goes to show that more time at the desk doesn’t always lead to better outcomes. “You hit declining marginal productivity,” he said on the podcast, adding that too much “slaving away” can actually erode results.​

    He also makes clear that reflection is not just for CEOs or entrepreneurs. Anyone, from engineers to junior staff, can benefit, especially in a world saturated with digital noise and the ever-present risk of distraction. In an era where “attention has become a form of currency,” he said, the need to carve out thoughtful time while unplugged from our cavalcade of electronic distractions has never been greater.​​

    According to Schmidt, adopting this weekend habit can help you catch small problems before they grow into big ones, and let you stay focused on important matters. As Schmidt notes, “writing things down equals clarity”—and that clarity is what keeps the world’s most powerful leaders not just busy, but effective.

    ​​You can watch the full Gstaad Guy episode featuring Eric Schmidt below:

    For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.

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    Dave Smith

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  • This Gen Zer dropped out of college and is making over $100,000 repairing plane engines after 21 months of training | Fortune

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    For decades, the formula for success seemed clear: go to college, get a degree, and land a stable job. But for many Gen Zers, that equation no longer adds up. With rising tuition, heavy student debt, and a shaky job market, more young workers are rethinking the four-year degree and turning to faster and cheaper routes to a steady career.

    Bianca Miller was one of them.

    Initially, she enrolled in a four-year program, hoping to build a career working with machines and engines. But as classes piled up, she started to feel disconnected from her dream.

    “I was studying mechanical engineering and I didn’t like the fact that half of my classes didn’t relate to the actual career that I wanted to get into,” Miller told Fortune. “I was disappointed by that.”

    Even students who stuck it out didn’t seem much better off. She said even some of the brightest mechanical engineering students she knew struggled to find work, sometimes not even landing unpaid internships.

    So she took her career into her own hands. Instead of slogging through years of general education requirements and piling up debt, she turned her eyes to the skilled trades. Miller dropped out of college and enrolled in a 21-month technician program at the Aviation Institute of Maintenance’s northern New Jersey campus in early 2022.

    By the time she graduated, she had no trouble finding a job. In fact, she said companies were practically “begging” for workers. Now working for United Airlines as an avionics technician at Newark Liberty International Airport, repairing plane engines and electrical systems, the 25-year-old has already doubled her investment in the program and makes over six-figures. Plus, unlike many office workers, her job isn’t at risk of being replaced by AI.

    “The opportunities are endless,” Miller said. “At the end of the day, there really is no wrong.”

    Why skilled trades are winning Gen Z

    As postpandemic travel continues to rebound, the aviation industry is booming. Meanwhile, aging aircraft fleets and a wave of retirements have created an urgent demand for new technicians.

    According to the latest CAE Aviation Talent Forecast, the industry will need about 416,000 new aircraft maintenance technicians over the next eight years. In the U.S., the median salary for these roles is around $79,000, per the Bureau of Labor Statistics. But Miller said overtime can push pay well above six figures, and in some cases past $300,000. 

    Miller’s path reflects a growing trend among Gen Z choosing skill-based training over four-year degrees. Enrollment at trade-focused institutions has surged nearly 20% since the spring of 2020, according to the National Student Clearinghouse.

    That said, traditional higher education is far from obsolete. Despite the challenges of today’s job market, millions of degree holders still find jobs annually. And over a lifetime, a bachelor’s degree has an average 682% return on investment, underscoring its long-term value. At the same time, alternative education pathways are proving faster, cheaper, and lucrative.

    “[Trade school] is just not talked about enough. It’s not presented as an idea because of how we were raised. It’s you go to college—trade school is not really an option,” Miller said. “But the job market is great.”

    Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.

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    Preston Fore

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  • Lyft CEO on the time Bill Gates told him he was making ‘the stupidest decision I’ve ever heard anyone made’ | Fortune

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    Before David Risher was tasked with scripting a “comeback story” for ride-sharing company Lyft, he made a career move so audacious that it prompted a direct, and blunt, intervention from Microsoft co-founder Bill Gates. In a recent appearance on Fortune‘s Leadership Next podcast, Risher shared the moment Gates told him he was making “the stupidest decision I’ve ever heard anyone made.”

    The year was 1996, and Risher was enjoying a successful career at Microsoft during the heyday of Windows. In fact, Risher noted he and his wife just had their 30th wedding anniversary, having met “on the first day” at Microsoft. He said it was a very formative time for him and his career at a very competitive company.

    But he had been in talks with a man named Jeff Bezos, who was running a brand-new startup called Amazon. When Risher decided to leave the tech giant to join the fledgling online retailer, Gates himself sent an email and called him into his office.

    “He says, ‘Hold on for a second. You mean to tell me you’re leaving this company for some tiny, little internet bookstore that nobody’s ever heard of … that has got to be the stupidest decision I’ve ever heard anyone made,’” Risher recalled.

    While Risher admitted the move wasn’t “entirely rational,” he said he was drawn to the opportunity. He had first connected with Bezos a year earlier, when the Amazon founder was conducting a reference check. What ultimately convinced Risher to take the leap was Bezos’s intense focus on the customer. “He was very customer-obsessed,” Risher said, noting Bezos’s logic that on the internet, “everyone is one click away from somebody else, so you have to create a great customer experience.” (In fact, Bezos’s management style stressed to Amazonians that they should approach every day from a “day one” mindset.)

    Bezos also laid out a compellingly ambitious vision: to grow the then-$15.6 million business into a billion-dollar company by the year 2000. Risher, an avid reader, was captivated by the chance to build something new at the “crazy intersection of technology and culture.” He joined Amazon as its 37th employee, tasked with helping build the “everything store” by adding music, video, and toy categories. The company hit its billion-dollar target a year early, in 1999. The move paid off so well that a “Thank You” letter from Bezos to Risher, dated February 2002, remains on Amazon’s website to this day.

    One of the great comebacks

    Now, as CEO of Lyft, Risher is applying that same foundational principle of customer obsession to engineer what he hopes will be “one of the world’s great comeback stories.” He said when he took the job in 2023, the company had “lost its way” a little bit, as it was losing market share, and it wasn’t profitable. (Lyft stock is down roughly 20% over the last five years, but has risen 60% year-to-date.) Risher’s strategy has been to return to the basics: understanding what customers actually want.

    To achieve this, he famously works “undercover” as a Lyft driver in Napa Valley and San Francisco to learn firsthand about the rider and driver experience. A conversation with a passenger stressed by variable pricing led directly to the creation of Lyft’s “Price Lock” feature. He insists on viewing drivers as customers, too, which led to a 70% earnings guarantee—ensuring drivers always receive at least 70% of what riders pay, a move that has given Lyft a 19-point advantage in driver preference over competitors.

    This obsessive focus on improving the service is part of Risher’s fight against what he calls “enshittification,” borrowing the phrase from Cory Doctorow that was named the “word of the year” by both an Australian dictionary and the American Dialect Society for how it summed up widespread frustration with the tech sector, even with modern life. Risher described it as the gravitational pull that makes services worse over time due to profit and investor pressures. By breaking down problems piece by piece, his team has drastically improved the user experience, cutting the driver cancellation rate from a “super irritating” 15% down to below 5%.

    From receiving a stark warning from a tech titan to earning a permanent thank-you from another, Risher’s unconventional career has been defined by taking on ambitious challenges. Now, he’s betting that the same customer-first philosophy that turned a small online bookstore into a global empire can drive Lyft’s next chapter of growth.

    For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. 

    Fortune Global Forum returns Oct. 26–27, 2025 in Riyadh. CEOs and global leaders will gather for a dynamic, invitation-only event shaping the future of business. Apply for an invitation.

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    Nick Lichtenberg

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  • Over Half of Workers Tell Employers This Expensive Lie | Entrepreneur

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    The truth is out of office for some employees.

    As workers increasingly resist the 40-hour work week, some of them even bend the facts to get their time back.

    A new report from online resume builder Kickresume, which surveyed nearly 2,000 employees worldwide, found that only 18% of them work the full 7-8 hours expected of them — unbeknownst to their managers.

    Related: Are You Leaving Work Before 5 P.M.? You’re Not Alone, the Workday Is Actually Getting Shorter, According to a New Report.

    Instead, nearly 60% of employees surveyed admitted they’re not fully honest on their timesheets. Most (44%) said they round up every now and then; 12% said they sometimes stretch the truth a little bit. A much smaller group (3%) said they regularly over-report their hours.

    Disengaged employees contributed to an estimated $438 billion in lost productivity in 2024, per Gallup’s latest State of the Global Workplace report.

    There’s also a generational divide when it comes to lying about hours worked, according to Kickresume’s research.

    Related: Gen Z Is Changing the Workplace — Here Are 4 Trends Employers Can’t Ignore

    Gen Z employees were the most likely to admit to rounding up (49%) and stretching the truth (13%). Thirty-five percent of Gen Z workers claimed perfect honesty in timesheet reporting.

    Gen X employees, on the other hand, were most likely (46%) to claim total honesty when filling out their timesheets; 40% admitted to rounding up occasionally.

    Millennial workers came in close behind for claims of complete honesty at 43%, and 42% admitted to rounding up their hours from time to time.

    Related: This Is the Biggest Lie People Put on Their Resume

    Additionally, Gen X and millennial employees reported being equally likely (12%) to sometimes stretch the truth on their hours.

    Across all generations, just 7% of employees said they never take any unofficial breaks during the work day, per Kickresume’s research.

    Among the majority of workers who do give themselves some leeway, coffee or snack breaks emerged as the most popular way to spend time away from work (58%), the survey found.

    The truth is out of office for some employees.

    As workers increasingly resist the 40-hour work week, some of them even bend the facts to get their time back.

    A new report from online resume builder Kickresume, which surveyed nearly 2,000 employees worldwide, found that only 18% of them work the full 7-8 hours expected of them — unbeknownst to their managers.

    The rest of this article is locked.

    Join Entrepreneur+ today for access.

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    Amanda Breen

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  • 2025 SHPE National Convention Brings 12,000 Attendees to Philadelphia for a STEM Career Fair, University Village, Leadership Workshops & More

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    One of the country’s largest STEM gatherings, the four-day convention at the Pennsylvania Convention Center connects top talent with industry leaders, academics, and career opportunities.

    SHPE: Leading Hispanics in STEM, the nation’s largest organization for Hispanics in science, technology, engineering, and math, will host its 2025 National Convention at the Pennsylvania Convention Center from October 29 to November 1. The four-day event will feature the highly anticipated Career Fair and introduce new offerings, including University Village and the LeaderSHPE Wardrobe.

    The event will host the top talent in STEM. Some 12,000 students, professionals, industry leaders, and academics are expected to attend, making it one of the country’s largest STEM gatherings. Thousands of jobs will be offered at the Career Fair, October 31-November 1, with recruiting by more than 150 leading companies, including Bank of America, Chevron, Wells Fargo, 3M, Accenture, Amazon, Apple, Boston Scientific, Caterpillar, Delta, Ford, Intel, Microsoft, Texas Instruments, and Honda.

    “With about 11 million STEM jobs projected to be available by 2031, there is a great opportunity for attendees to meet someone in Philadelphia who will elevate their careers,” said Suzanna Valdez Wolfe, CEO of SHPE. “National and international corporations return year after year because they get direct access to top talent in one place.”

    Convention Highlights

    • Career Fair: More than 150 companies recruiting, interviewing, and hiring onsite for internships and jobs.

    • Educational Sessions: Specialized tracks include SHPEtinas (for women), Inclusion, SHPETech, Community College, Grad School, and Professionals.

    • DĂ­a de Ciencias (Oct. 29): At Esperanza Academy Charter School, SHPE brings science to life for 8th graders, alongside Equipando Padres, a bilingual event helping parents support children pursuing higher education.

    • LeaderSHPE Wardrobe – Engineer Your Look (NEW): With support from Bank of America and Amazon, SHPE will provide attendees with free business and cocktail attire.

    • University Village (NEW): A dedicated space for graduate students featuring a Grad School Expo with 50+ schools, Graduate Track sessions, STEM Research Competition, and 3-Minute Thesis Competition.

    In addition to connecting members with many of the top recruiters and leaders in STEM, the SHPE Convention is one of the most powerful tools for preparing Hispanic students and professionals to become leaders in their field. The four-day event provides attendees with professional and leadership development opportunities through workshops, networking events, competitions, award ceremonies, and more.

    The SHPE Convention will also include the presentation of the prestigious STAR (SHPE Technical Achievement and Recognition) Awards, spotlighting key individuals, corporations, government agencies, and academic institutions that have contributed significantly to support the mission of SHPE.

    Early bird registration runs through September 15, with regular registration until October 14 and late registration through November 1.

    Contact Information

    Helena Poleo
    Communications and Media Specialist
    hpoleo@gmail.com
    (954) 559-3079

    Source: SHPE: Leading Hispanics in STEM

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  • Home From College: Jobs for Young Adults Without Work Experience | Entrepreneur

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    Julia Haber, the 29-year-old co-founder of career platform Home From College, was a student at Syracuse University when she started her first business: an experiential marketing agency that brought retail pop-ups to college campuses and worked with brands like Shopify to teach students about entrepreneurship.

    Image Credit: Courtesy of Home From College. Julia Haber.

    The experience gave Haber valuable insight into what the career landscape looks like for Gen Z — and just how much it had changed over the past six-plus years.

    “ This next generation is constantly looking for ways to figure out who they are by doing things,” Haber tells Entrepreneur, “and because it’s such a socially native generation, we see all these people online making money in different ways. This next gen really wants to work with brands they love as well and admire, and it’s a blend of this consumer meets career.”

    Related: Gen Z Is Redefining the Workplace — and Companies Must Adapt or Face Losing Talent

    Recognizing that many students graduate without knowing what they want to do with their lives — and often with significant debt — Haber wanted to help them build “multi-hyphenate” careers early on.

    So Haber launched the Los Angeles-based startup Home From College in 2021 alongside co-founder Kaj Zandvliet, a former banker at PineBridge Investments and financial analyst at Sony Music Entertainment.

    “We position ourselves as the translator between companies and college students.”

    Home From College provides students with an opportunity to earn their first dollars and work with the brands they love in a “flexible, student-first” environment.

    To that end, Home From College only hosts paid job opportunities, 90% of which are remote. Companies can create an account on the platform and list their “gigs,” which could be anything from a one-day project to a lengthier brand ambassador program. Students and recent graduates create their own accounts on the platform and apply for the gigs that interest them — no prior work experience required.

    Home From College is free for students to use. The platform offers four subscription tiers for companies, starting at $49 per month, plus a 20% fee on student compensation. All payments take place on the platform via Stripe.

    Related: Why Gen Z Is Ditching the Corner Office Dream — and How Businesses Can Adapt

    Students typically earn about $30 an hour, and the average ambassador program pays students roughly $1,000 a month. It’s also common for students to work two gigs at once. Some of the top earners have seen “tens of thousands of dollars in a short period of time,” Haber notes — with one dedicated student’s gigs even amounting to a $50,000 paycheck.

    “We position ourselves as the translator between companies and college students, and that really resonated,” Haber says.

    Home From College raised $1.5 million of pre-seed funding in 2022, then $5.4 million in a seed round led by GV, formerly Google Ventures, last year.

    The company is using those funds to continue building a “sustainable, fast-moving” business. Home From College has invested in high-level talent and AI to connect students and brands effectively.

    Related: Top Career Motivations of Gen Z and Reasons They Choose an Employer

    “We’ve been implementing a ton of new roles that have more of an AI bent to them.”

    Additionally, although Home From College initially focused on low- to no-skilled jobs, there’s an interesting opportunity to lean on the hard skills that Gen Z college students and recent graduates often already have — like those related to AI, Haber says.

    “We’ve been implementing a ton of new roles that have more of an AI bent to them,” Haber explains, “and helping companies catch up to the students who are already native [in AI]. So that’s been a new frontier of actually having the students be more of the experts in a topic that companies are less proficient in and helping bridge that gap.”

    Companies on the platform are also interested in students with a talent for customer success and sales at scale, Haber says.

    For example, some consumer brands look to students for help with distribution in challenging markets, like the outskirts of a college campus or the middle of the country. It’s typical for these companies to recruit students to source new locations, such as a nearby deli, to sell products.

    Related: Gen Z Talent Will Walk Away — Unless You Try These 6 Strategies

    “ So it’s creating almost a business development sales team, boots on the ground at scale, where they can hire hundreds of people for that type of role,” Haber says, “where it’s skill and labor, and then simultaneously social media and content.”

    Brands often rely on students to run their TikTok shops too, as it can be a massive undertaking for those that want to launch and scale a meaningful affiliate program, Haber notes.  

    “[Students] come in and run those programs on behalf of companies,” Haber says, “and it’s great because it helps generate revenue for their business, but simultaneously teaches [the students] marketable skills.”

    “You’re not just where you went to school. You’re a bigger version of that.”

    Above all, Haber encourages young adults launching their careers to “use your whole self as the opportunity to market who you are” and land the role you want.

    Home From College facilitates that by allowing students to share more information about themselves than a typical resume or job application might glean — for instance, having curly hair could make them “really attractive” to a shampoo brand that specializes in curls and needs a social media manager to connect with its target customer base.

    Related: Gen Z Is Losing Faith in the College Degree — Here’s 3 Reasons Why It’s Still Important for Them

    “You’re not just your major,” Haber says. “You’re not just what your GPA is. You’re not just where you went to school. You’re a bigger version of that.”

    This article is part of our ongoing series highlighting the stories, challenges and triumphs of being a Young EntrepreneurÂŽ.

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    Amanda Breen

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