Westbound Equity's $100M fund is looking for your talent

 -THIS WEEK- 

• 🔦 Spotlight - Join Westbound’s Talent Network

• 📰 Headlines - California could be the first state to guarantee workers the “right to disconnect”

• 📉 Layoff Report - Apple laying off 600 from Apple Car and Apple Watch display projects

• 📊 Job Market Data - 303,000 jobs added in March, but is it the signal we are looking for?

• 🔦 Jobseeker Tools - The Org, Jobright AI

 -SPOTLIGHT- 

🔦 Westbound Equity Partners - Elevating Opportunities & Connecting Talent

Westbound Equity Partners is a $100M+ fund that is focused on capitalizing underrepresented founders and investing in companies serving underrepresented consumers.

As they work closely with early stage companies to help bring their big ideas to life, a big part of that is helping them build their teams with the most talented tech professionals.

If you’re interested in finding a match with one of their portfolio companies, join their Talent Network and shop around in their Job Board to see if you fit any of their current positions.

Check out Laura’s LinkedIn here

 -HEADLINES- 

📰 California could be the first state to guarantee workers the “right to disconnect”

• A proposed bill would make it legal for workers to ignore after-hour calls, texts and emails from their bosses. The “right-to-disconnect” bill would eliminate the pressure for employees to always be online

• Salt Lake City, Austin and Jacksonville (checks notes) among hottest job markets in the country

• How The Hotter-Than-Expected Inflation Report Could Hurt The Job Market

 -LAYOFF REPORT- 

📉 Apple laying off 600 from Apple Car and Apple Watch display projects

Notable Layoffs this Week:

• Apple laid off at least 600 employees after shutting down its Apple car and smartwatch display projects, Bloomberg reports.

• Neutrogena is shutting down its Los Angeles office and laying off 84 people, Bloomberg reports, though 74 of those employees have already been offered relocation and jobs in other areas of the company.

• Netflix is planning to cut 15 jobs as it reorganizes its film department, The Hollywood Reporter writes, citing anonymous sources.

• Spirit Airlines is furloughing 260 pilots as part of a plan to "boost liquidity" in the next few year, CNBC reports.

• Best Buy has laid off some of its Geek Squad tech support and repair team employees as the company shifts its focus to ares like health and artificial intelligence, The Verge writes.

• Amylyx Pharmaceuticals is laying off 70% of its roughly 384 employees after pulling its ALS drug Relyvrio off the market, FiercePharma reports.

• McKinsey is cutting around 360 jobs in areas like design, data engineering, cloud and software, Bloomberg reports, citing anonymous sources. The layoffs impact around 3% of the firm's 12,000 employees.

Poll results from last week:

In case you were interested in last week’s poll where we asked what you thought of McKinsey’s 9-month severance package and if you would go for it.

87.5% said ‘👍 Obviously’, and I think we should take this as a solid signal that employees are hopeful that 9 months from now, the economy will be strong enough to find another job. Either that, or we’re all just not great at long term planning 🤷‍♀️

 -FEATURED PARTNER- 

YourNegotiations

Increase your salary offer by 5-6 figures!

Did you know that you might be losing significant job salary negotiation leverage in your initial screening call with a recruiter?

Gerta and Alex did. They are the founders of YourNegotiations, a company that offers 1:1 consulting and online courses to help people negotiate job offers and raises. Their clients and students have used their strategies to increase job offers by an average of $90K, to as much as $550K!

I would get started with their free worksheet that walks through a few scenarios on how to avoid common negotiation mistakes in the early stages of the interview process.

When you’re ready to dive in deeper, take their in-depth salary negotiations course (includes a 1:1 call with them!) to get the salary that you deserve. Use code OFFBOARD at checkout for $50 off.

www.yournegotiations.com

 -JOB MARKET DATA & TRENDS- 

📊 303,000 jobs added in March, but is it the signal we are looking for?

While the U.S. job market has been showing off its strength with impressive job growth and low unemployment rates, it's not all clear skies on the horizon. Some keen observers from Wall Street are signaling caution, identifying four potential warning signs that suggest we may be heading towards a slower hiring period, possibly even hinting at an approaching recession.

Here's what's unfolding:

• Unsettling Trends in Unemployment: Despite the unemployment rate hovering near historic lows, a closer examination reveals an upward creep in the number of jobless individuals. This subtle shift is nearing a well-regarded recession indicator known as the Sahm rule, signaling that we might not be as secure as we thought.

• Increasing Layoff Announcements: The first quarter has seen a significant rise in companies announcing layoffs, primarily driven by intentions to cut costs and restructure their operations. This shift marks a notable change in the employment landscape, suggesting a cooling period ahead.

• Stagnation in Full-Time Job Growth: While jobs are being added to the economy, there's a concerning trend where the growth in full-time employment seems to be stalling. More individuals are finding themselves in part-time positions, indicating a shift in the quality, not just the quantity, of jobs being created.

• Hesitation in Hiring: Businesses, particularly small ones, are showing signs of hesitation in expanding their teams, with a marked decrease in hiring plans. This reluctance is the weakest it's been since the pandemic, pointing to broader uncertainties affecting employer confidence.

As we navigate these warning signs, it's crucial for job seekers, especially those in the tech industry, to stay informed and adaptable. The landscape is evolving, and with the right preparation and perspective, opportunities can still be found.

 -JOBSEEKER TOOLS- 

The Org

The Org let’s you explore “the world's largest network of public org charts”. So if you’ve ever seen a position that was calling your name and you needed to find out who might be the best person to contact, this is your new favorite source.

Jobright AI

Job searching is hard enough, and even if you find something good, it’s even more difficult to see how close of a match you are. Jobright uses its AI, Orion, to provide a ‘Match Score’ percentage based on keywords and experience. If the job looks good, it provides advice tailored to that specific job and even gives you the top 3 people to connect with for that role!

Browse more from our Tool Directory →

 -FEATURED PARTNER- 

Want to save the planet with your tech skills?

ClimateTechList tracks 30,000+ job openings at 1,000 high-impact climate tech companies and updates them daily. Sales, engineering, marketing, HR, and all sorts of roles available. Join them today!

www.climatetechlist.com