🚀 The 25 fastest-growing job titles

Good Morning,

Fun event happening in Denver this week — we’re joining forces again with Chloe from @workfromdenver for a remote worker happy hour!

It’s on Wednesday at The Groovy Bar (a pop-up bar at The Post) from 5-8pm. Tickets here.

If you live in the Denver area, we’d love to see you there!

Remote Source Job Board

Featured companies:

Aspire Software: 58 remote jobs
MasterCard: 22 remote jobs
Trustly: 12 remote jobs

🤝 Find Remote Jobs Here

Need to Know

🤷 Layoffs continue, but economy isn’t in turmoil
The conflicting job headlines are becoming more extreme. Layoff headlines continue, especially in tech, but the traditional economic metrics seem to indicate we’re not in a downturn.

• Job growth surpassed economists’ expectations last week, with the highest growth seen in a year. (Wall Street Journal)

• The biggest tech companies believe they can do more with far fewer employees, and are “looking for more growth and profit” — while mid-size tech companies realized they over-hired during recent boom times and are laying off employees as a corrective measure. (New York Times)

• SAP and Google both recently announced massive rounds of layoffs, but alongside those memos, made reference to investments in AI, which is a very clear signal to the market about where their executives are strategically aiming. (CBS News)

• On Friday, Meta held their quarterly earnings call, which included details behind recent layoffs and announcing profits that surpassed expectations. Investors responded positively to Meta “positioning to protect margins,” and sent the stock skyrocketing. (Bloomberg)

💼 LinkedIn shares 25 fastest-growing jobs
Similar to the Indeed list we shared last week, LinkedIn released a compilation of the 25 fastest-growing jobs in the US, along with the percentage of each title that has remote or hybrid options. Top 10 here:

1. Chief Growth Officer: 59% flexible (hybrid or remote)

2. Government Program Analyst: 58% flexible

3. Environment Health Safety Manager: 37% flexible

4. Director of Revenue Operations: no remote/hybrid data provided

5. Sustainability Analyst: 57% flexible

6. Advanced Practice Provider (or nurse practitioner, PA): 4% flexible

7. VP of Diversity and Inclusion: no remote/hybrid data provided

8. Artificial Intelligence Consultant: 52% flexible

9. Recruiter: 56% flexible

10. Artificial Intelligence Engineer: 76% flexible

I’m glad to see that remote and hybrid percentages are now more commonly included alongside titles and categories in jobs data. Required time in-office has become a dealbreaker for many, and I’m sure people evaluating new careers - at any age - will factor in location flexibility more today than ever before. (LinkedIn)

🥊 SAP employees protest the recent office mandate
The 100,000-person software company announced recently that employees would need to return to the office at least three days a week moving forward.

But employees have been particularly upset about this, given SAP’s successful adoption of remote work and commitment to a long-term remote work model.

Similar to other tech company RTO battles, SAP employees have circulated a letter internally that’s gained over 5,000 signatures in less than two weeks. While these don’t typically lead to immediate policy changes, they certainly apply pressure to leadership and prove that the desire for flexible work isn’t going away. (Bloomberg)

🙌 Small businesses are going remote
While remote work decisions at large companies are constantly in the news, small businesses have quietly been shifting their offices to the suburbs, or ditching them altogether, because their office space often isn’t as necessary as it used to be.

As many leases will be up for renewal in the next few years, it makes sense for smaller businesses, especially those operating with thinner margins, to give up office space given the lack of in-person necessity. (Associated Press)

📉 The “five-day club” is getting smaller
While a few major companies like UPS and Boeing have recently announced 5-day office requirements with no flexibility allowed, the number of companies with these in-office policies has continued to shrink.

Other major organizations like Walmart and HP have realized they will retain more talent by incorporating flexibility. HP CEO Enrique Lores says that the younger generations won’t tolerate 5 days in the office. And he added that, while time in the office is useful for training, collaboration, and learning from colleagues, it’s not necessary to spend a full week in the office for those activities.

While flexible policies like HP’s (…and SAP’s) don’t give employees as much flexibility as they’d like, they’re still a small positive step in the right direction. Here’s why: giving employees even just one day to work from home is an admission that it’s entirely possible for remote work to contribute positively to a company, without any downside risk. A great starting point in any negotiation is knowing that the other side is willing to turn the dial in your favor. (Wall Street Journal)

💸 Banks are getting hit worse by the commercial office downturn

• New York Community Bancorp’s stock dropped 38% last Wednesday, and shares hit a 23-year low on Thursday, due to the economic outlook for commercial real estate values.

• Aozora Bank in Japan had its stock price drop 20% last week after warning investors about US loss expectations.

• Deutsche Bank “quadrupled its US real estate loss provisions,” signaling expectations that they have loans that will very likely default.

Data provider Tripp says banks will have about $560 billion in CRE loan maturities by the end of 2025, which could have a devastating impact. Regional banks may be affected most, because they’re usually more exposed to commercial loans. (Bloomberg)

Stuff We Like

💪 Techpresso Newsletter*
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💪 Unique ways to build remote culture
This was a surprisingly great read. If you’re trying to avoid the tired remote team-building activities, check this out. My favorite ideas were wildcard workdays, reverse mentorship programs, and show-and-tell for productive failures. Entrepreneur.com article here.

💪 We Cover Letters
A nifty AI tool that does the heavy lifting for you to create cover letters. They have easy to understand prompts, so you just fill in some details and you get an immediate cover letter. Check it out here.

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