My Morning Reads are Yours
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My Morning Reads are Yours


Existing home sales expected at 4.1M in 2023, lowest since 2008, but prices remain high?

  • 4.1M estimate for 2023?is from Redfin.
  • 3.89M expected for Sep. 2023?(annualized), to be announced on Thu.
  • Unlike 2018, home prices?have not plumetted. -?WSJ
  • What's going on??Non-coincidentally, we are experiencing the highest mortgage rates in 23 years. Those rates are dragging down sales combined with a very low inventory of homes.?

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63% of youngest workers use AI atleast once a week

Bloomberg.

30% want more work-life balance,?saying they want to spend their freed-up time outside of work. -?Bloomberg


Work-from-home rate falls from 37% in Mar. 2021 to 22% in Oct. 2023 in U.S.

Bloomberg.

Why aren't there more 80% jobs? “80% jobs” have employees work four days a week instead of five. The benefits of 80% jobs include increased employee satisfaction, reduced burnout, lower attrition, and the opportunity to leverage the combined experience of more employees. Offering 80% jobs should be presented as a choice to employees and could be a valuable option for companies.


Rite Aid Bankruptcy

On Monday, the drugstore?chain Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey.

The company also appointed a new CEO to try and navigate the company through an extensive restructuring plan.

Why has Rite Aid struggled??According to its new CEO, the company has been dealing with slowing sales, growing debt, and lawsuits alleging Rite Aid contributed to the nation's opioid epidemic. It also has a ton of competition and failed to grow its healthcare business to offset retail losses.


SaaS growth cheat sheet This post contains 18 mini case studies across marketing, pricing, community, and product. These include Slack’s “wall of love” on its pricing page, Hotjar’s product content hubs for SEO, and Notion’s community amplification.

Netflix is opening physical stores in 2025 as marketing ploy Physical stores called Netflix House will debut in two US cities by 2025, featuring merchandise and real-life experiences inspired by its content to enhance user engagement. These stores are less of a revenue push and more of a way for Netflix to differentiate itself from its increasing streaming competitors.

NEWS

  • Apple?may introduce new iPad today.
  • Netflix?planning games based on hit shows: Squid Games, Black Mirror.
  • Microsoft's LinkedIn?cutting 3% of staff, ~700 workers. The company said that revenue growth has slowed over the past two years and most of the cuts are hitting its core engineering group.
  • Microsoft?leaked wage packages: $42.5K - $1.3M.
  • Stack Overflow?lays off 28% of staff, ~100, as AI boom hurts site.

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#remotework #workfromhome #wfh #AI #genz #chatgpt #mortgage #homeprice?#jobs #google #microsoft #apple #netflix #SaaS #stackoverflow

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