Intel is laying off 20% of their workforce

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More layoffs in tech

Intel is laying off 20% of their workforce…over 20k people. And this is after laying off 15% last year. And with the direction the economy is taking, this will only get worse.

Tesla says they’ll be slashing spending after their terrible Q1 (ACTIONS HAVE CONSEQUENCES, ELON!!)

I talked with Newsweek last week about the importance of having side hustles. And my general advice to everyone right now is:

1. Always be ready to be on the job market again. Your LinkedIn and resume should always be ready to go. You should always be networking. You never know when life is going to hit you and you don’t want to be caught unprepared.

2. Level up your skills. Yes you should be using AI and building agents and expressing openness to automations and all that jazz. These are skills companies are prioritizing.

AI Tips

1. Learn about AI: Take courses, read, and learn how others in your field are using AI.

2. Build your personal AI stack: ChatGPT is a great partner for research and ideation. Perplexity or Claude can help you deep dive into niche topics. Notion or Reclaim can offer productivity boosts and Gamma or Tome can design your presentations.

3. Practice building with AI: more and more, you will see companies asking you how you’re using AI, and I suspect in next year, foundational AI skills are going to be assessed by most tech companies in the hiring process. So learn to prompt, get to know these tools, and be ready to speak to how they accelerate your work.

Getting good at these things makes you more employable, harder to lose, and gives you a skillset you can monetize should you find yourself unemployed.

In the News

• Here’s a read from Deloitte on emerging technologies which might be helpful in considering fields to target in the months ahead. PWC offers their take on this as well.

• Here’s a Forbes article on preparing for a recession, as well as potential opportunities during a recession.

• If you heard about the “death cross”, this might help you feel a little less anxious.

🙋Answering Your Questions🙋

Each week, I’ll answer one (or more!) of your questions in this section. You can submit your questions here.

Wow…OK 10+ questions this week, so I’ll need to pace these out a bit but here are a few things you all asked this week!

This is one of the questions I get most frequently. Realistically, I recommend tailoring for the job family but not the individual job. Most EA jobs are quite similar so the same resume should work well. Perhaps you have two versions, one more focused on admin work, another for those roles where the EA looks more like a Chief of Staff or Executive Business Partner.

You might consider really tailoring if you see your absolute dream job but in most cases, I don’t think there’s going to be significant pay off to this.

This is such a tough market, so many well-qualified people are getting passed over. A few tips:

1. Consider taking a step back. I know I’ve shared that I made this move myself, and it really paid off. Of course you’ll need to make sure the role is still a good match with your skills and in terms of compensation, but maybe you’ve been in director roles and now you’re going to stand out for manager/sr. manager roles.

2. Try to do the “extra” stuff. This week, one candidate reached out to a few people in the dept to seek out input around some of the operating mechanisms in preparation for an interview - the team was super impressed! Another candidate impressed by sending over an email sharing a bit more insight into their planning process. These things take extra time/effort but can really help you stand out as a “go getter”.

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