Quitting time is coming earlier. LinkedIn says “quick quitting,” where employees leave their jobs shortly after being hired, has increased.
Unlike the more publicized “quiet quitting” where workers do the bare minimum of their job duties for an extended period, quick quitting is performed by new employees who immediately feel dissatisfied. Often, it’s because they are forced to work longer hours than expected or are assigned inflexible schedules.
LinkedIn says quick quitting indicates that despite a recent spate of layoffs, especially in the tech sector, workers feel they have the upper hand because the labor market is still tight and they are betting they will easily snag another job.
Striking a cord
The number of cord cutters continues to grow. Nielsen says “broadband-only homes” — those that get their TV content exclusively via the internet — hit a record 33% in September, up from 6% five years ago. Over that same period, cable fell from 81% to 51%. Homes that use a TV antenna instead of cable or broadband registered a slight gain, going from 13% to 15%.
PC sales plummet
The pandemic-fueled PC surge is over. Gartner says shipments of desktop computers and laptops fell 20% in the third quarter compared with the same period last year, the biggest quarterly decline since the market research firm started tracking the PC market 30 years ago. Gartner says the drop was caused by “a lack of need” because so many people purchased computers during the COVID-19 pandemic.
Zoom adds email, calendar features
Zoom is adding email and calendar features to its suite of tools as part of an effort to reverse a post-pandemic slowdown. The new features are a bid to centralize more work on Zoom's platform, keeping users on the app throughout the day rather than just to take meetings. The new tools can be linked with other providers like Alphabet's Gmail and Microsoft's Outlook. — BLOOMBERG NEWS