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Too much experience hurts you in today’s tough job market. Not accomplished enough for senior roles but too experienced (and expensive) for the front-line positions AI hasn’t replaced, many mid-career professionals are now in no-man’s-land, writes Callum Borchers. Management & Leadership The practice of “labor hoarding” has reached its end. Companies such as Amazon and Target have announced tens of thousands of layoffs, ending a postpandemic trend of holding on to employees for fear of not being able to get them back later. Performance reviews have endured for more than a century. The evaluations originated around World War I to manage factory workers, but really took off thanks to the military. Now, modern performance management is shifting from annual numeric ratings to frequent narrative feedback. The CEO behind Kimberly-Clark’s $40 billion gamble on Kenvue is Mike Hsu. The veteran consumer-product executive aims to stoke his company’s growth by veering into the Tylenol maker’s higher-margin but risky health products. The Big Number The buyout package for recently fired Louisiana State University football coach Brian Kelly. The multimillion-dollar payout was the latest in a string of lucrative dismissals in the world of college football. State of the Workforce Layoffs aren’t shaking Gen Z’s commitment to work-life balance. Many younger professionals are more detached from their employers than older workers, and recent job cuts reinforced their beliefs that loyalty to a company won’t be returned. Americans have long had a love/hate relationship with work. From the Protestant work ethic to “rage quitting,” American attitudes about their work are driven by its promise of prosperity—and its precarious nature, writes Lindsay Ellis. The Careers & Leadership newsletter helps you get ahead and stay informed about careers, business, management and leadership. Reach us at careers@wsj.com. Got a tip for us? Here’s how to submit.
