Future of Work Roundup - Week of March 13

Welcome to the Future of Work Roundup. Each week, we bring you five top stories—drawing from the latest academic research and industry trends—to give you an easily-digestible snapshot of how work is changing—and why it matters.

Inside the Collapse of Silicon Valley Bank  

The New York Times article reports on the collapse of Silicon Valley Bank, citing reasons such as taking on too many large deposits, rising interest rates, and a decrease in startup funding. Regulators are exploring solutions such as finding a buyer for the bank or safeguarding uninsured deposits.  

Facebook Parent Company Plans Job Cuts

The Wall Street Journal reports on Meta’s plan to make additional job cuts. The number of cuts is expected to be equivalent to the 13% reduction in the company’s workforce that occurred last year. 

Japanese Youtuber Faces Backlash for Skipping Work

Fortune reports that the YouTuber who secured a seat in Japan’s senate may face expulsion as he has been absent from work for over seven months. 

GM Offers Buyouts to US Salaried Workers

According to CNBC reports, General Motors plans to offer voluntary buyouts to the majority of its US white-collar employees in a bid to cut $2bn in structural costs over the next two years.  

Jobs and Industry Exposed: The Risks and Rewards

Recent reports from CBSnews reveal that researchers have identified telemarketers as the most exposed among the top 20 jobs that are vulnerable to the impact of ChatGPT, highlighting the possibility that certain professions may be more susceptible to the effects of the technology than others.

Thanks for reading. Stay tuned for next week’s Future of Work roundup.