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Exclusive: JPMorgan Initiates Mass Layoffs and Reorganizing, 1,000 Employees Possibly Affected



JPMorgan Initiates Mass Layoffs and Reorganizing, 1,000 Employees Possibly Affected

#JPMorgan #Initiates #Mass #Layoffs #Reorganizing #Employees #Possibly #Affected

Opinions expressed by Entrepreneur contributors are their own.

Widespread layoffs have hit the mortgage industry hard, and big banks and major corporations are not immune.

Bloomberg | Getty Images

JPMorgan announced on Thursday that it was laying off hundreds of employees due to rising mortgage rates amid a troubling housing market plagued by inflation.

Though it was not disclosed how many employees will be let go, Bloomberg revealed that approximately 1,000 total employees will be impacted, with almost half being moved into other divisions within the company.

“Our staffing decision this week was a result of cyclical changes in the mortgage market,” a JPMorgan Chase spokesperson told Reuters. “We were able to proactively move many impacted employees to new roles within the firm and are working to help the remaining affected employees find new employment within Chase and externally.”

By the end of 2021, the bank was estimated to employ around 271,025 total employees.

JPMorgan Chase joins the ranks of real estate companies Redfin and Compass, both of which announced mass layoffs earlier this month as the housing market slows down.

Each of those companies trimmed staff by 10% and 8%, respectively.


“I’ll spend the rest of my life wondering how I could’ve avoided these layoffs. What’s most important now is treating the people leaving with humanity and respect,” Redfin CEO Glenn Kelman said at the time.

JPMorgan Chase & Co was down just over 25% at market close on Thursday.


Exclusive: Scaling Up Your Freelancing Career to a Small Business –




Scaling Up Your Freelancing Career to a Small Business

#Scaling #Freelancing #Career #Small #Business

The gig economy has become a powerhouse of employment for nearly 59 million Americans, according to a 2021 Freelance Forward report published by the work platform Upwork. In the same breath, it’s now become more apparent than ever that working from home and freelancing is more than a side-hustle for some workers as they’re able to rank in multiple figures. Here is how to start scaling up your freelancing career to a small business career.

Calendar – Calendar

Technology and the Internet Will Help Your Scale to a Small Business

With the rapid digitization of the workplace, as companies are becoming more open to remote job roles, freelancers have simultaneously found themselves in a comfortable position amidst the transition.

Nowadays, technology and the internet have enabled employees and companies to communicate with one another effectively, as well as with their clients and potential customers. This means freelancers can now grow their freelance businesses faster and more efficiently.

Basic Communication is an Organizational Tool Your Will Need to Scale Your Freelancing

Basic communication and organizational tools are now more digital and easier to use. In addition, the internet and cloud-based software allow businesses and freelancers to improve their workflow more seamlessly without the need for traditional tools. A Freelancing America report indicated that roughly 77% of freelancers say that technology and software capabilities have made it easier to find freelance work.

With freelancers now having easier access to the right tools, how can they scale up their business, moving from part-time to full-time development, enabling them to run and operate as a small business?

While it’s a challenging road that leads up to freelancers having the opportunity to establish themself as a small business – here’s a look at some key metrics that freelancers can use to improve their business prospects.

Freelancing vs. Small Business vs. Contractors vs. Consultants

Before we can jump right in, there are some defining differences between freelancers and self-employed individuals, i.e., small business owners, contractors, and consultants.

Here’s a look at each of their characteristics.

Freelancer: In the gig economy, freelancers tend to work on a part-time or assignment basis. This means that these individuals can work for more than one person or company at a time, and work is related to a pre-approved assignments framework.


Small Business Owner: It’s not a direct definition, as it can vary across the board, but a small business owner can be seen as someone who has developed a service or product for the greater good of the consumer marketplace, either alongside other employees or stakeholders.

Contractors: These individuals work for one specific person or company at a time, with an approved work agreement. Usually, a contractor will be employed by a company or firm to complete a set of pre-assigned job specifications.

Consultants: Consultants are usually seen as the brain behind specific jobs and projects. A consultant usually consults on a project, giving insight and industry knowledge. Consultants aren’t traditionally involved during the final length of the project.

What we can take from this is that freelancers are more flexible, and can work on a set of projects and jobs simultaneously. This means they’re not, in most cases, contractually obliged to one specific employer.

Freelancing is a lot more flexible, and creatives in this industry tend to work on various projects throughout their time. Still, it can sometimes be challenging to juggle multiple deadlines or project formats. And, of course, freelancers aren’t treated as full-time employees, meaning they don’t receive work-related benefits from their temporary employer.

Scaling up your freelancing career to a small business

For professional freelancers, there might have been a time when they noticed their business becoming increasingly more demanding. Other times, they stumble upon a new and fresher concept that will help them further develop their current niche.

Whatever it may be, it’s possible for a freelancer to move their practice into the small business ecosystem, and here’s how.

Perfect Your Skills To Find Your Niche

An excellent place to start for any freelancer, is to look at their skills and expertise and start narrowing down one or two specific skills they can improve.

What this means is although you might be the Jack of all trades when it comes to your scope of practice, often larger firms and more established companies tend to look for individuals who are an expert in their field. Continuing education is what helps to overcome hardships and unpredictable challenges, and for freelancers, this could mean more business and more money in their pockets.

Find what you are good at, whether photography, design, or writing, and focus on that niche. The more time and effort you put behind it, the quicker you can hone those abilities.

Create an online presence

In the gig economy, it’s easy to look up any job portal, browse through the hundreds of different jobs and apply to those that seem applicable. The digital world has made it easier, and more convenient to find jobs that suit your range of skills.


Step up your online presence — this means social media

While working on your online presence is convenient and sometimes effective, it can also seem less personal. As a freelancer, who’s now ready to step up their game, consider how an online presence, whether it’s a website, blog, or online portfolio, will help you become more professional and link with affiliated clients.

As you’re growing this niche, you should focus on channels where you are bound to find most of your potential clients and customers. The easier it is for clients to find your business online or your portfolio, the easier it can be for them to contact you.

Being online is one of the many ways you can establish yourself as an individual entity and a professional service provider. It helps you manage your projects and clients better and is a perfect starting point for someone looking to scale up their freelance career.

Grow Your Network

Networking helps to get your name out there. More so, it’s one of the easiest ways to connect with people in your field or industry.

Growing your network is not only for the sake of building a strong referral list but also a way to connect with people who can link you to potential jobs and clients.

A freelancer is just as good as the people they work and associate with, so it’s essential to keep an open mind when it comes to connecting with new people. The digital landscape is flooded with platforms such as LinkedIn, Indeed, and Fiverr, where professionals can network with one another.

Offer A Product Or Service

Entrepreneurs start businesses to find solutions to current problems within their marketplace. When freelancing, consider how a service or product you’re offering can be offered as a solution to potential clients.

If you start to notice that there is a shortage of graphic designers or UX experts in your area, create services and packages that are tailored toward your direct consumer market.

It’s not as easy as it may sound, as it does take a bit of time to piece it all together. From market-related research to networking with competitors, finding a shortage of skills in your direct community, which you’re already equipped with, can eat up a lot of time and resources.

Raise Your Prices

Freelancers tend to work part-time or contractual, stipulating what they can expect to receive as compensation once work has been completed.

If you’re now looking to move into doing things more full-time, and perhaps in the near future, increase your intake of work to establish yourself as a small business, then it might be time to raise your prices.


Raising your prices is not for selfish reasons, but rather for the known fact that those people looking for help on a specific subject matter will pay for high-quality skilled individuals. Therefore, if you have a skill that is in high demand, consider how you can monetize it, while not overcompensating.

Use A Contract For Everything

It may seem a bit tedious to set up a contract for your work, even if it’s something simple such as proofreading articles or editing photos. Nevertheless, you offer your expertise and skills to a paying client, and there should be clear ground rules on how it will work.

At first, your contract won’t need to be a formal, 10-page document that outlines the terms and conditions of use. Instead, focus on what the client can expect from you, and what is expected of them in return.

The contract helps create a legally bound agreement between you and the client, helping to give you more peace of mind during the completion of the project. Contracts can be seen as one of the many insights freelancers can take from enterprise businesses.

If in the event a customer ends up not being satisfied with your work, or progress, or even worse, they refuse to pay; you at least have the contractual agreement as a safety net.

Always ensure that whatever is being stipulated in the contract is viable for you and your clients.

Final Thoughts

Working as a freelancer gives creatives a space in which they can be more flexible with their work. In addition, it allows them to network with companies and business leaders, which can lead to potential job opportunities or more full-time agreements.

Whether you’re a novice freelancer or someone who has now reached a point where your side hustle is starting to take off – there’s always space for it to grow in the right direction.

Moving from full-time or professional freelancing into operating a small business is now an easy caveat, and it takes some time to smooth out all the edges.

There’s potential for your freelancing hustle to turn into a small business venture, but be aware that you will have to work for it. Remember to hone your niche, sell a skill, and network as much as possible, and you’re already on the right start.

Image Credit: Pexels; Thank you!


The post Scaling Up Your Freelancing Career to a Small Business appeared first on Calendar.

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Exclusive: Cramer's lightning round: Move on from DigitalBridge –




Cramer's lightning round: Applied Materials is a buy

#Cramer039s #lightning #Move #DigitalBridge

Nucor Corp: “Steel prices are coming down. … I’d rather buy energy right now than I would Nucor.”

NIO Inc: Cramer pressed a button that seemingly played the sound of a car collision. “And that’s what I have to say about NIO.”

Disclosure: Cramer’s Charitable Trust owns shares of Pioneer.

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Exclusive: 51 Elon Musk Quotes Ranked In Order of Pure Elon Muskiness –




51 Elon Musk Quotes Ranked In Order of Pure Elon Muskiness

#Elon #Musk #Quotes #Ranked #Order #Pure #Elon #Muskiness

Elon Musk is turning 51, and I had no idea what to get him.

So, I got you a present instead. Or else, maybe it turned into more of a present for myself, because I had fun putting it together: 51 memorable Musk quotes–from interviews, articles, and of course Twitter–ranked more or less in order of how quintessentially Elon Muskian they are. 

Here’s the list. Let us know in the comments what you think number 52 should be. 

  1. “I love the thought of a car drifting apparently endlessly through space and perhaps being discovered by an alien race millions of years in the future.”
  2. “I think it is possible for ordinary people to choose to be extraordinary.”
  3. “The key test for an acronym is to ask whether it helps or hurts communication.”
  4. “One word: Doge.”
  5. “To make an embarrassing admission, I like video games. That’s what got me into software engineering when I was a kid. I wanted to make money so I could buy a better computer to play better video games. Nothing like saving the world.”
  6. “There are some important differences between me and Tony Stark, like I have five kids, so I spend more time going to Disneyland than parties.”
  7. “With artificial intelligence, we are summoning the demon. In all those stories where there’s the guy with the pentagram and the holy water, it’s like, yeah, he’s sure he can control the demon. Didn’t work out.”
  8. “The path to the CEO’s office should not be through the CFO’s office, and it should not be through the marketing department. It needs to be through engineering and design.”
  9. “Optimism, pessimism, f**k that; we’re going to make it happen. As God is my bloody witness, I’m hell-bent on making it work.”
  10. “Every 5000th buyer of our boringly boring hat will get a free hat signed by the delivery guy.”
  11. “You could power the entire United States with about 150 to 200 square kilometers of solar panels, the entire United States. Take a corner of Utah… there’s not much going on there, I’ve been there. There’s not even radio stations.”
  12. “I’m nauseatingly pro-American. I would have come here from any country. The U.S. is where great things are possible.”
  13. “Any product that needs a manual to work is broken.”
  14. “It’s OK to have your eggs in one basket as long as you control what happens to that basket.”
  15. “When Henry Ford made cheap, reliable cars people said, ‘Nah, what’s wrong with a horse?’ That was a huge bet he made, and it worked.”
  16. “If you go back back a few hundred years, what we take for granted today would seem like magic – being able to talk to people over long distances, to transmit images, flying, accessing vast amounts of data like an oracle. These are all things that would have been considered magic a few hundred years ago.”
  17. “I’ve always wanted to be part of something that would radically change the world. . . . People forget the power of inspiration. All of humanity went to the moon with the Apollo missions. The issue was cost. There was no chance to build a base and create frequent flights. That’s the problem I would like to solve.”
  18. “I’m personally a moderate and a registered independent, so I’m not strongly Democratic or strongly Republican.”
  19. “We have a strict ‘no a-hole policy’ at SpaceX. And we fire people that are. I mean, we give them a little bit of warning. But if they continue to be an a-hole, then they’re fired.”
  20. “Entrepreneurship is like eating glass and walking on hot coals at the same time.”
  21. “Failure is an option here. If things are not failing, you are not innovating enough.”
  22. “And we need things in life that are exciting and inspiring. It can’t just be about solving some awful problem. There have to be reasons to get up in the morning.”
  23. “Ancient Greece had it all & then committed suicide. Nobody digs your grave better than yourself.”
  24. “To our knowledge, life exists on only one planet, Earth. If something bad happens, it’s gone. I think we should establish life on another planet-Mars in particular-but we ‘re not making very good progress. SpaceX is intended to make that happen.”
  25. “I’m actually making history tonight as the first person with Asperger’s to host SNL. Or at least the first to admit it. So I won’t make a lot of eye contact with the cast tonight. But don’t worry, I’m pretty good at running human and emulation mode.”
  26. “Should prob articulate philosophy underlying my actions. It’s pretty simple & mostly influenced by Douglas Adams & Isaac Asimov.”
  27. “There’s nothing – I’ve bought everything I want. I don’t like yachts or anything; you know, I’m not a yacht person, and I’ve got pretty much the nicest plane I’d want to have.”
  28. “Some people don’t like change, but you need to embrace change if the alternative is disaster.”
  29. “When I was in college, I wanted to be involved in things that would change the world.”
  30. “I think life on Earth must be about more than just solving problems… It’s got to be something inspiring, even if it is vicarious.”
  31. “That’s my lesson for taking a vacation: vacation will kill you.”
  32. “I don’t spend my time pontificating about high-concept things; I spend my time solving engineering and manufacturing problems.”
  33. “Nobody wants to buy a $60,000 electric Civic. But people will pay $90,000 for an electric sports car.”
  34. “I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.”
  35. “You need to live in a dome initially but over time you could terraform Mars to look like Earth and eventually walk around outside without anything on. … So it’s a fixer-upper of a planet.”
  36. “Ultimately, the downfall of the Freemasons was giving away their stonecutting services for nothing.”
  37. “Am considering taking Tesla private at $420. Funding secured.”
  38. “If humanity doesn’t land on Mars in my lifetime, I would be very disappointed.”
  39. “I’d like to dial it back 5% or 10% and try to have a vacation that’s not just e-mail with a view.”
  40. “You know what, don’t bother showing the video. We will make one of the mini-sub/pod going all the way to Cave 5 no problemo. Sorry pedo guy, you really did ask for it.”
  41. “I would only call someone an idiot if people were mistakenly under the impression that the person was smart.”
  42. “I’m actually making history tonight as the first person with Asperger’s to host SNL. Or at least the first to admit it. So I’ll make a lot of eye contact with the cast tonight. But already I’m pretty good at running human and emulation mode.”
  43. “Taking Twitter private at $54.20 should be up to shareholders, not the board.”
  44. “I just want to retire before I go senile because if I don’t retire before I go senile, then I’ll do more damage than good at that point.”
  45. “I voted for Mayra Flores – first time I ever voted Republican. Massive red wave in 2022.”
  46. “Patience is a virtue, and I’m learning patience. It’s a tough lesson.”
  47. “If you had to buy a new plane every time you flew somewhere, it would be incredibly expensive.”
  48. “Engineering is the closest thing to magic that exists in the world.”
  49. “An asteroid or a supervolcano could certainly destroy us, but we also face risks the dinosaurs never saw: An engineered virus, nuclear war, inadvertent creation of a micro black hole, or some as-yet-unknown technology could spell the end of us.”
  50. “I would like to die on Mars. Just not on impact.”
  51. “For my part, I will never give up, and I mean never.” 

If you’ve read this far, you probably find Musk as interesting as I do; hence my free ebook, Elon Musk Has Very Big Plans. For someone like Musk, who is involved in so many things, and who has created so many controversies, it’s fascinating that many readers will know exactly why I picked these quotes, and what I meant by the made-up word, “Muskian.”

The opinions expressed here by columnists are their own, not those of

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