Friday, January 31, 2025

This is not opinion, this is biology (Ch 4 from 'Start with why')


All Book Summaries

Key Takeaways From This Chapter:

  1. Belonging Over Features:

    • Humans crave connection to groups that share their values (e.g., Apple’s “Think Different” tribe).

    • Loyalty stems from why a brand exists, not what it sells.

  2. Gut > Logic:

    • Decisions are driven by the emotional limbic brain; rational neocortex justifies them later.

    • Example: Mac users feel aligned with Apple’s rebellion, then cite design/quality.

  3. Products as Identity Symbols:

    • Clear WHY transforms products into badges of belief (e.g., Harley-Davidson = freedom).

    • Without WHY, brands compete on price/features → commoditization.


Tagline: “People don’t buy WHAT you do—they buy WHY you do it.”

~~~

"The Biology of Belonging & Decision-Making"

Key Bullet Points:

  1. The Sneetches Syndrome:

    • Humans crave belonging (Dr. Seuss’s Sneetches).

    • We trust/align with those sharing our values (e.g., trusting strangers from hometown abroad).

  2. Limbic Brain Drives Decisions:

    • Limbic Brain: Controls emotions, loyalty, gut feelings (no language).

    • Neocortex: Handles rational analysis (facts/features).

    • Gut decisions are faster, more confident (e.g., choosing Apple without overthinking specs).

  3. Why > What:

    • Apple’s success: Starts with WHY (“Challenge status quo”) → products symbolize belief.

    • Dell’s mp3 players failed (defined by WHAT → no emotional connection).

  4. Market Research Limitations:

    • Customers rationalize decisions post-hoc (e.g., “I love Mac’s design” vs. true belief in rebellion).

    • Henry Ford: “If I asked people what they wanted, they’d say a faster horse.”

  5. Products as Identity Symbols:

    • Harley-Davidson riders/Apple users display logos to signal belonging.

    • BMW cup holders: Unspoken needs trump engineering specs.

  6. Loyalty Beyond Logic:

    • Apple’s “cult” loyalty: Paying premium despite cheaper/faster alternatives.

    • Southwest Airlines: Sacrificed in-flight perks for shared values (e.g., post-9/11 customer checks).


One-Liners for Impact:

  1. “Belonging beats features—people buy WHY, not WHAT.”

  2. “Your limbic brain decides; your neocortex rationalizes.”

  3. “Great leaders sell revolution, not products.”

  4. “Market research asks for horses; visionaries build cars.”

  5. “A Mac isn’t a computer—it’s a badge of rebellion.”


Tagline: “Win hearts (limbic) first, minds (neocortex) follow.”

Thursday, January 30, 2025

The Golden Circle... Of Why (Ch 3 from the Book 'start with why')


All Book Summaries

Key Takeaways (Bullets):

  1. The Golden Circle Framework:

    • WHY: Purpose/cause (core belief).

    • HOW: Process/differentiation.

    • WHAT: Product/service.

    • Inspired leaders communicate inside-out (WHY → HOW → WHAT).

  2. Apple’s Success:

    • WHY: "Challenge the status quo" drives innovation (Mac, iPod, iPhone).

    • Competitors (Dell, Gateway) focus on WHAT (computers) → become commodities.

  3. Loyalty vs. Commoditization:

    • Companies with clear WHY (Apple, Harley-Davidson) inspire cult-like loyalty.

    • Companies stuck on WHAT compete on price/features → stress, short-term gains.

  4. Historical Warning:

    • Railroads failed by defining themselves as WHAT (tracks) vs. WHY (transportation).

  5. The Power of Clarity:

    • WHY enables flexibility (Apple entering music/phones).

    • "Better" is subjective; relevance to WHY trumps features (Ferrari vs. minivan).


One-Liners for Impact:

  1. "People don’t buy WHAT you do—they buy WHY you do it."

  2. "Start with WHY: Purpose fuels loyalty; products follow."

  3. "Apple’s secret? They sell rebellion, not computers."

  4. "No WHY? Welcome to commodity hell."

  5. "Railroads died clinging to tracks; airlines soared redefining transportation."


Tagline: "WHY beats WHAT every time."

Tags: Management,Psychology,Behavioral Science,Book Summary,

Wednesday, January 29, 2025

Negotiation Books (Jan 2025)

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Legend
Red: Also present in Aug 2019 Listing
Blue: New Additions in this list 

~~~

1. 
Never Split the Difference: Negotiating As If Your Life Depended On It
Christopher Voss, 2016

2.
Getting to Yes
Roger Fisher, 1981

3.
Negotiation Genius: How to Overcome Obstacles and Achieve Brilliant Results at the Bargaining Table and Beyond
Max H. Bazerman, 2007

4.
Bargaining for Advantage: Negotiation Strategies for Reasonable People
G. Richard Shell, 1999

5.
Getting Past No
William Ury, 1991

6.
You Can Negotiate Anything
Herb Cohen, 1980

7.
The Art of Negotiation: How to Improvise Agreement in a Chaotic World
Michael A. Wheeler, 2013
    
8.
HBR's 10 Must Reads on Negotiation (with Bonus Article "15 Rules for Negotiating a Job Offer" by Deepak Malhotra)
Daniel Kahneman, 2019

9.
Negotiating the Nonnegotiable: How to Resolve Your Most Emotionally Charged Conflicts
Daniel Shapiro, 2016

10.
The Art of Negotiation: How to Get What You Want (Every Time)
Tim Castle, 2018

11.
Crucial Conversations: Tools for Talking When Stakes are High
Kerry Patterson, 2018

12.
Bargaining with the Devil: When to Negotiate, When to Fight
Robert Harris Mnookin, 2010

13.
Difficult Conversations
Douglas Stone, 1999

14.
Start with No: The Negotiating Tools That the Pros Don't Want You to Know
Jim Camp, 2002

15.
Negotiating the Impossible: How to Break Deadlocks and Resolve Ugly Conflicts (without Money Or Muscle)
Deepak Malhotra, 2016

16.
Negotiating at Work: Turn Small Wins Into Big Gains
Deborah M. Kolb, 2015

17.
3-D Negotiation: Powerful Tools to Change the Game in Your Most Important Deals
James K. Sebenius

18.
Getting to Yes with Yourself CD: (and Other Worthy Opponents)
William Ury, 2015

19.
Negotiation: The Brian Tracy Success Library
Brian Tracy, 2013

20.
Secrets of Power Negotiating: Inside Secrets from a Master Negotiator
Roger Dawson, 1987

21.
Getting More: How to Negotiate to Achieve Your Goals in the Real World
Stuart Diamond, 2010

22.
The Negotiation Book: Your Definitive Guide to Successful Negotiating
Steve Gates, 2010

23.
The First Move: A Negotiator's Companion
Alain Pekar Lempereur, 2010

24.
Getting More: How You Can Negotiate to Succeed in Work and Life
Stuart Diamond, 2010

25.
Dealmaking: The New Strategy of Negotiauctions (Second Edition)
Guhan Subramanian, 2020

26.
Influence: The Psychology of Persuasion
Robert Cialdini, 1984

27.
Beyond Winning: Negotiating to Create Value in Deals and Disputes
Scott R. Peppet, 2000

28.
Beyond Reason: Using Emotions as You Negotiate
Roger Fisher, 2005

29.
Win-Win Negotiation Techniques: Development the Mindset, Skills and Behaviours of Winning Negotiators
David Goldwich, 2011

30.
The Power of Noticing: What the Best Leaders See
Max H. Bazerman, 2014

31.
Brian Tracy Success Series: LEADERSHIP
Brian Tracy, 2014

32.
Pre-Suasion: A Revolutionary Way to Influence and Persuade
Robert Cialdini, 2016

33.
Thanks for the Feedback: The Science and Art of Receiving Feedback Well
Douglas Stone, 2014

34.
The Power of a Positive No
William Ury, 2007

35.
Entrepreneurial Negotiation: Understanding and Managing the Relationships that Determine Your Entrepreneurial Success
Lawrence Susskind, 2018

36.
Real Leaders Negotiate! Gaining, Using, and Keeping the Power to Lead Through Negotiation
Jeswald Salacuse, 2017

37.
Negotiate Or Stagnate: Have it Your Way, Without Showing the Highway!
Prakash Chugani, 2024

38.
How To Negotiate
Christopher Copper-Ind, 2019

39.
The Only Negotiating Guide You'll Ever Need: 101 Ways to Win Every Time in Any Situation
Peter B. Stark, 2003

40.
How to Win Friends and Influence People
Dale Carnegie, 1936

41.
Negotiation Quotient: Opening the Door to a Successful Deal
Anuj Jagannathan, 2019

42.
HBR's 10 Must Reads on Negotiation
Daniel Kahneman, 2019

43.
Women Don't Ask
Linda Babcock, 2003

44.
Secrets of Power Negotiating, 25th Anniversary Edition
Roger Dawson, 2021

45.
Getting to Yes with Yourself: How to Get What You Truly Want
William Ury, 2016

46.
Negotiation: Learn How to Negotiate for Greater Business Success, and Avoid Mistakes (Master Tips and Strategies for Work, Love, Friendship and Business)
James Wardell, 2022

47.
He wins, she wins. Learning the art of marital negotiation
Willard F. Harley Jr.
Revell (2013)
Tags: List of Books,Negotiation,

12 books to reach retirement nirvana (Jan 2025)

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We have picked some bestsellers that have helped people the world over chalk out a retirement plan.

Financial planning can be easy if you have the right tools. We pick here some bestsellers that have helped people the world over chalk out a retirement plan. Use them to fish out important guideposts, not just India-specific information.

1. ESSENTIAL GUIDE TO CAREFREE RETIREMENT

Author: Gaurav Mashruwala
Publisher: Businessworld

The book looks at retirement planning for every age group and ways to manage money after the golden handshake. Apart from details on financial products available in India that can be used for an effective retirement, it uses case studies. These worked out examples help readers make an easy association.

2. GUIDE TO PLANNING YOUR FINANCIAL FUTURE

Authors: Kenneth & Virginia Morris
Publisher: Lightbulb Library

This illustrated book simplifies the basic retirement planning concepts. Although retirement in India doesn’t work the same way as in the US, this book—part of a series—gives relevant pointers that can apply anywhere in the world. A handy, easy-to-read guide.

3. COMPLETE RETIREMENT GUIDEBOOK

Authors: Glenn Ruffenach
And Kelly Greene
Publisher: Three Rivers

The authors have been writing about retirement issues for The Wall Street Journal for long and have gone beyond the nuts and bolts of retirement in this book. It is replete with examples and worksheets that can help you plan your later years. It’s an American book, but has concepts that can be adapted to local conditions.

4. THE NEW RETIREMENTALITY

Author: Mitch Anthony
Publisher: Kaplan

The cleverly named book and the concept should be of interest to anyone uneasy with the traditional requirement of ending a working life at 60. Anecdotes about those who have done so, and a liberal sprinkling of inspirational suggestions from the author make the book meaningful. Read it to know how to make your desires come true after retirement.

5. GETTING STARTED IN RETIREMENT PLANNING

Authors: Ronald and Murry Yolles
Publisher: John Wiley and Sons

This book offering a simple strategy is split in four parts. It starts with the need for retirement savings, followed by a strategy for each lifestage, and for preserving wealth. Finally, it looks at the good life after retirement. The hypothetical scenarios offer realistic solutions for a range of retirement issues.

6. RETIRE YOUNG, RETIRE RICH

Authors: Robert Kiyosaki and Sharon Lechter
Publisher: Business Plus

Kiyosaki is the Oprah of finance. In this book, the fifth in the Rich Dad series, he and Lechter stress on the power of leverage. They cite their own situation of starting with nothing and retiring financially free in less than 10 years. An amazing feat and an example we can aspire to.

7. THE COMPLETE IDIOT'S GUIDE TO RETIREMENT PLANNING

Author: Jeffrey J. Wuorio
Publisher: Alpha

The book stresses on the need for enough money after retirement and the benefits that the US social security offers—or the lack thereof—and ways to supplement them. Again, it has nothing for the Indian context, but one can take lessons from the state pension schemes and the way they pan out.

8. YES, YOU CAN STILL RETIRE COMFORTABLY

Authors: Ben Stein, Phil Demuth
Publisher: New Beginnings Press

Backed by facts and figures, the book shows exactly how much you need to save to maintain your standard of living, and how to invest to get the maximum returns from your savings. It offers tips to tap into the nest egg after you retire—in a way that you get the most money while keeping it safe.

9. START LATE FINISH RICH

Author: David Bach
Publisher: Broadway

Going by the title, one can retire rich no matter what the starting point. However, the book is only useful for those who are under 45. Anyone who reads it after this age will find it highly unsuitable. The premise of the book is that one should focus more on cutting costs than being investment-driven. Incidentally, one of Bach’s suggestions is to cut eating out!

10. WHAT COLOR IS YOUR PARACHUTE?

Authors: Richard N. Bolles
And John Nelson
Publisher: Ten Speed

The book starts by stating that retirement today is not like the past, when it was all about money. This one is for those looking at life in retirement—it has to do with what one wants and how to get there. But, be warned. This is not really a personal finance book; it’s close to psychology.

Bonus books

11. Build the life you want (Arthur C Brooks) Arthur Brooks co-author with Oprah Winfrey of Build the Life You Want explores the art of balancing enjoyment, satisfaction, and meaning to build a fulfilling life. His insights on crafting a happiness retirement plan are eye-opening for every stage of life. 12. From Strength to Strength. Finding success, happiness, and deep purpose in the second half of life By: Arthur C Brooks Comment: A remarkable guide to becoming happier as you age.

5 WEBSITES THAT CAN HELP YOU KICK-START YOUR RETIREMENT PLANNING WITH EASE

1. http://www.iciciprulife.com/retirementnumber/index.htm The site helps you figure out how much you need in retirement based on your current monthly expenses. You can then work backwards to find what you need to do to manage life after retirement. 2. http://www.six-steps.in The community site suggests the way to plan retirement. It boasts an interactive feature that you can use to seek advice on issues specific to your case. There are enough case studies to tell you about the situations people find themselves in. 3. http://seniorindian.com This is a one-stop storehouse of information for senior citizens, for the retired, as well as for those looking at retirement. Buzzing with news and useful tips, it can keep postretirement life easy and engaging. 4. https://www.retirementredzone.com/retirementredzone A US-centred site promoted by Prudential, it addresses the concerns of people five years before retirement and five years into retirement. It is interactive and a good resource pool. 5. http://retireplan.about.com This resource centre has everything you would want to know about retirement, though it’s not necessarily relevant to India. It is a good site to grasp retirement-related issues that one may have never considered.
Tags: List of Books,Management,

Start With Why (by Simon Sinek) - Chapter 1 & 2


All Book Summaries

Intro to: Start With Why by Simon Sinek


Key Message:

Great leaders and organizations inspire action by starting with Why—their purpose, cause, or belief. This approach creates loyal followers, drives innovation, and sustains long-term success.


3 Key Takeaways:

  1. Start With Why:

    • People don’t buy what you do; they buy why you do it.

    • Inspired leaders like Martin Luther King Jr., Apple, and the Wright brothers succeeded because they communicated their Why—their deeper purpose—first.

    • Example: Apple’s Why is to challenge the status quo and empower individuals, not just sell computers.

  2. The Golden Circle:

    • Sinek’s framework: Why (purpose) → How (process) → What (product).

    • Most organizations communicate from the outside in (What to Why), but inspiring leaders start from the inside out.

    • Example: The Wright brothers’ Why (belief in human flight) inspired their team, even without resources or credentials.

  3. Inspiration Over Manipulation:

    • Manipulation (e.g., discounts, fear) drives short-term results; inspiration builds loyalty and trust.

    • Inspired employees and customers act because they believe in the cause, not because of external incentives.

    • Example: Harley-Davidson’s loyal community isn’t just buying motorcycles; they’re buying into a lifestyle and belief system.


Call to Action:

  • Reflect on your Why: What’s your purpose, cause, or belief?

  • Communicate it clearly to inspire others—whether in leadership, business, or personal endeavors.

  • Remember: People follow why you do what you do, not what you do.


Tagline: “Those who start with Why inspire action, build loyalty, and change the world.”

~~~

Ch 1: "Assume You Know" (from Start With Why)


Key Message:

Decisions based on flawed assumptions—even with good intentions or data—often lead to short-term fixes, not lasting success. True foresight comes from designing outcomes intentionally from the start.


3 Key Takeaways:

  1. Assumptions Blind Us:

    • We act on perceived truths, not reality (e.g., mistaking Hitler for JFK until the date reveals the truth).

    • Example: Believing the world was flat stifled exploration; correcting this assumption unlocked global progress.

  2. Design vs. Default:

    • American carmakers used rubber mallets to “fix” doors post-production (short-term fix).

    • Japanese carmakers engineered doors to fit perfectly from the start (long-term solution).

    • Lesson: Build systems and goals around intentional design, not reactive adjustments.

  3. Data ≠ Foresight:

    • More information doesn’t guarantee success if built on flawed assumptions.

    • Balance logic with intuition: Great outcomes often start with clarity of purpose (Why), not just data.


Call to Action:

  • Question assumptions: What “truths” are guiding your decisions?

  • Engineer outcomes: Design systems and goals to align with your core purpose from day one.

  • Think long-term: Prioritize structural soundness over quick fixes.


Tagline: “Don’t hammer doors to fit—design them right from the start.”

~~~

Ch 2: "Carrots and Sticks" (from Start With Why)


Key Message:

Businesses often rely on short-term manipulations (price drops, promotions, fear) to drive transactions, but these erode loyalty and profitability. True success comes from inspiring customers through purpose (Why), not tactics.


3 Key Takeaways:

  1. Manipulations ≠ Loyalty:

    • Price wars, fear tactics, and promotions drive sales but create transactional relationships (e.g., GM’s cash-back incentives led to profit loss).

    • One-liner: “Manipulations drive sales; inspiration builds loyalty.”

  2. The High Cost of Short-Term Wins:

    • Addictive tactics (e.g., rebates, novelty features) erode margins and commoditize products (e.g., Colgate’s 32 toothpaste variants confuse buyers).

    • One-liner: “Short-term gains cost long-term pain.”

  3. Loyalty Thrives on Purpose:

    • Inspired customers/employees stay through tough times (e.g., Southwest Airlines’ loyal base sent checks post-9/11).

    • One-liner: “Loyalty is earned with Why, not bought with What.”


Call to Action:

  • Ditch the quick fixes: Focus on your core purpose (Why) to inspire lasting loyalty.

  • Invest in trust: Build systems that align with your belief, not just market demands.


Tagline: “Stop dangling carrots—ignite belief instead.”

Tags: Book Summary,Management,

Sunday, January 26, 2025

Books about finding purpose (Jan 2025)

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Finished
1.
The Alchemist
Author: Paulo Coelho

2.
Ikigai
Author: Hector Garcia, Francesc Miralles

3.
Start with Why: How Great Leaders Inspire Everyone to Take Action
Author: Simon Sinek

4.
The Power of Now
Author: Eckhart Tolle

5.
The Last Lecture
Author: Randy Pausch, Jeffrey Zaslow

6.
Mastery
Author: Robert Greene

7.
A New Earth: Awakening to Your Life’s Purpose
Author: Eckhart Tolle

8.
Find Your Why
Author: Simon Sinek, Peter Docker, David Mead


Pending
1.
Man's Search for Meaning
Author: Viktor Frankl

2. 
The Purpose Driven Life
Author: Rick Warren

3.
Big Magic: Creative Living Beyond Fear
Author: Elizabeth Gilbert

4.
Let Your Life Speak: Listening for the Voice of Vocation
Author: Parker Palmer

5.
The Four Agreements
Author: Don Miguel Ruiz

6.
The Happiness of Pursuit
Author: Chris Guillebeau

7.
The Art of Happiness: A Handbook for Living
Author: Howard C. Cutler, 14th 

8.
The Element: How Finding Your Passion Changes Everything
Author: Ken Robinson

9.
Finding Your Own North Star: Claiming the Life You Were Meant to Live
Author: Martha Beck

10.
The Art of Work: A Proven Path to Discovering What You Were Meant to Do
Author: Jeff Goins

11.
The War of Art
Author: Steven Pressfield

12.
Essentialism
Author: Greg McKeown

13.
Awaken the Giant Within
By: Tony Robbins

14.
How Will You Measure Your Life?
Author: James Allworth, Karen Dillon, Clayton Christensen

15.
Life on Purpose: How Living for What Matters Most Changes Everything
Author: Victor J. Strecher
Tags: List of Books,Psychology,

Alchemist (by Paulo Coelho, 1988)


Other Book Summaries in Hindi

By Seeken (Under 24 mins) - Top 7 Lessons

By LifeGyan (Under 11 mins) - Top 3 Lessons

The Alchemist by Paulo Coelho: A Timeless Journey to Discover Your Personal Legend

Paulo Coelho’s The Alchemist is more than a novel—it’s a compass for the soul. Since its publication in 1988, this global phenomenon has sold over 150 million copies, transcending cultures and generations. At its core, the book is a deceptively simple fable about a shepherd boy’s quest for treasure, but its layers of wisdom about destiny, fear, and the universe’s hidden language have made it a modern classic. Let’s explore why The Alchemist continues to inspire millions to chase their dreams.


The Shepherd’s Journey: A Metaphor for Life

The story follows Santiago, an Andalusian shepherd who abandons his routine life after recurring dreams of a treasure buried near Egypt’s pyramids. His journey is fraught with setbacks: thieves, wars, and moments of doubt. Yet, each obstacle becomes a lesson.

Coelho’s genius lies in transforming Santiago’s physical voyage into a universal metaphor. Like Santiago, we’re all “shepherds” navigating uncertainty, torn between the comfort of familiarity and the allure of the unknown. The treasure, as we learn, isn’t just gold—it’s the wisdom gained by embracing the journey itself.


Lessons from the Desert: Key Themes

  1. The Personal Legend
    Coelho introduces the idea of a “Personal Legend”—a unique destiny each person is meant to fulfill. The universe, he argues, conspires to help those who pursue it. Santiago’s mentor, Melchizedek, says:
    “When you want something, all the universe conspires in helping you to achieve it.”
    This isn’t blind optimism but a call to action. The universe assists only those bold enough to take the first step.

  2. The Language of the World
    The desert teaches Santiago to listen to the “Soul of the World,” a universal force connecting all things. Through patience and observation, he learns to read omens, communicate with the wind, and even turn lead into gold (with the help of the enigmatic Alchemist). This mystical thread reminds us to trust intuition and find meaning in the mundane.

  3. Fear vs. Faith
    The Alchemist warns: “Tell your heart that the fear of suffering is worse than the suffering itself.”
    Santiago’s greatest battle isn’t against external forces but his own fear of failure. Coelho argues that regret, not failure, is life’s true tragedy.

  4. The Treasure Within
    Without spoiling the ending, the book’s climax subverts expectations. The real treasure isn’t where Santiago thought—a reminder that growth often lies in the journey, not the destination.


Why The Alchemist Resonates Today

In an age of hustle culture and instant gratification, Coelho’s message feels radical: Slow down. Listen. Trust the process. The book rejects the idea that success is linear. Santiago meanders, gets lost, and even works in a crystal shop for a year—yet these “detours” shape his resilience.

The novel also champions simplicity. Coelho’s prose is sparse, almost parable-like, making profound ideas accessible. Lines like “The secret of life is to fall seven times and get up eight” distill complex philosophies into bite-sized truths.


Criticisms and Controversies

The Alchemist isn’t without its detractors. Some dismiss it as overly simplistic or New Age-y. Others argue its focus on individualism overlooks systemic barriers. Yet, these critiques miss the point: The book is a mirror. Its value lies in how readers interpret it—as a spiritual guide, a motivational tool, or a story of interconnectedness.


Personal Reflection: My Encounter with the Book

I first read The Alchemist during a crossroads in my life. Its message—that fear of failure is more paralyzing than failure itself—pushed me to pursue a career shift I’d long delayed. Like Santiago, I discovered that “treasure” often reveals itself when we dare to wander off the mapped path.


The Alchemist’s Legacy

Decades later, the book’s relevance endures. Entrepreneurs quote it in TED Talks, travelers carry it in backpacks, and dreamers gift it to loved ones. Its staying power lies in its adaptability: Whether you’re 15 or 50, Santiago’s journey reflects your own.

Coelho once wrote, “It’s the possibility of having a dream come true that makes life interesting.” In a world that often prioritizes practicality over passion, The Alchemist is a gentle nudge to keep dreaming—and to start acting.


Final Thoughts

The Alchemist isn’t a manual for guaranteed success. It’s a reminder that life’s magic unfolds when we align courage with purpose. As Santiago learns, the universe rewards those who pay attention to its whispers.

So, what’s your Personal Legend? And what’s stopping you from pursuing it?


TL;DR: Paulo Coelho’s The Alchemist is a timeless tale about chasing dreams, embracing uncertainty, and finding “treasure” in unexpected places. Through Santiago’s journey, we learn that fear is the greatest obstacle—and that the universe conspires in favor of the brave.

Have you read The Alchemist? Share how it impacted you in the comments!

Tuesday, January 14, 2025

Meta to lay off 3,600 employees; have decided to raise the bar, says Mark Zuckerberg

To See All Articles About Layoffs: Layoffs Reports
Meta plans to lay off approximately 3,600 employees identified as low performers to raise performance standards. CEO Mark Zuckerberg confirmed the move, emphasizing extensive performance-based cuts. Affected employees will be notified by February 10. This follows previous waves of job cuts and policy shifts. Meta's shares fell after the announcement, reflecting investor concerns about the company's direction.
Meta (the parent company of Facebook, Instagram, and WhatsApp) is set to lay off approximately 3,600 employees identified as low performers, according to an internal memo first reported by Bloomberg. CEO Mark Zuckerberg confirmed the move in the memo, describing it as a strategy to “raise the bar on performance management and move out low-performers faster.” The layoffs, affecting about 5% of Meta’s 72,400-strong workforce as of September, are part of what Zuckerberg called an “intense year” for the company. Employees in the United States will be notified of their status by February 10, with international employees to be informed later, AFP reported. “We typically manage out people who aren’t meeting expectations over the course of a year,” Zuckerberg stated, “but now we’re going to do more extensive performance-based cuts during this cycle.” He noted that some employees who underperformed in the last period may be retained if there is optimism about their future contributions. Those laid off will receive “generous severance,” the CEO added. The company plans to replace the outgoing employees with new hires later this year. This is not Meta’s first wave of job cuts. The company laid off over 11,000 employees in November 2022 and cut an additional 10,000 jobs in subsequent months. The announcement follows a series of policy shifts at Meta, including the elimination of its US fact-checking program, which had been criticised by conservatives as censorship. Zuckerberg also unveiled changes to content moderation policies, easing restrictions on divisive topics such as immigration and gender while loosening rules on hate speech. Last week, Meta also announced reductions to its diversity, equity, and inclusion (DEI) team and scaled back related programs. The policy changes have drawn praise from Republican figures and criticism from Democrats, with some accusing Zuckerberg of aligning with conservative ideas ahead of President-elect Donald Trump’s inauguration on January 20. Meanwhile, Zuckerberg speaking on the Joe Rogan Experience podcast last week, revealed that Meta and other leading tech companies are developing AI systems capable of handling complex coding tasks currently performed by human engineers. He announced plans to replace midlevel software engineers with artificial intelligence by 2025, signaling a major shift in how the tech giant approaches software development. Meta’s shares fell Tuesday following the layoff news, reflecting investor concerns over the company's broader direction. Ref

Mark Zuckerberg says AI as good as mid-level software engineers at Meta, rings alarm on developer jobs

To See All Articles About Layoffs: Layoffs Reports
Meta CEO Mark Zuckerberg has raised fresh concerns about the future of developer jobs, revealing that artificial intelligence (AI) at Meta is already reaching the capabilities of mid-level software engineers. During a podcast with YouTuber Joe Rogan, Zuckerberg shared his vision for the role of AI in coding and the potential disruption it poses to the job market.

In Short

# Mark Zuckerberg has raised fresh concerns about the future of developer jobs
# He revealed that AI at Meta is reaching the capabilities of mid-level software engineers
# He says AI at Meta and other tech companies could effectively replace mid-level engineers

Meta CEO Mark Zuckerberg has raised fresh concerns about the future of developer jobs, revealing that artificial intelligence (AI) at Meta is already reaching the capabilities of mid-level software engineers. During a podcast with YouTuber Joe Rogan, Zuckerberg shared his vision for the role of AI in coding and the potential disruption it poses to the job market.

He stated that by 2025, AI at Meta and other tech companies could effectively replace mid-level engineers who currently write code. This would represent a big shift in how tech companies approach software development.

"We will get to a point where all the code in our apps and the AI it generates will also be written by AI engineers instead of people engineers," he said. For context, Business Insider reported that mid-level software engineers at Meta currently earn salaries in the mid-six figures — a cost AI could significantly reduce.

Zuckerberg’s comments come at a time when other tech giants, such as Google and IBM, are also integrating AI into their operations, raising similar alarms. Sundar Pichai, CEO of Google, recently announced that over 25 per cent of all new code at Google is now generated by AI, with human engineers stepping in for final reviews. Meanwhile, IBM’s CEO, Arvind Krishna, revealed in 2023 that AI could replace up to 30 per cent of the company’s back-office roles. The trend, seen across different sectors, is sparking a debate about the future of traditional coding jobs.

Jobs of human engineers are at risk?

Zuckerberg’s latest announcement and Google's recent remark on AI completing coding tasks suggest that the role of human engineers is changing, potentially leading to fewer coding jobs in the traditional sense. Rather than spending time on routine tasks, engineers may need to focus on higher-level problem-solving and oversight of AI-generated code. As AI is more integrated into tech workflows, junior and entry-level coding positions might diminish, forcing aspiring developers to rethink their career paths.

However, it’s not all doom and gloom for engineers. AI’s growing role in code generation could actually empower coders to concentrate on more strategic and creative aspects of development. It is important to note that human engineers can't be replaced in the longer run because they can solve complex issues that AI alone cannot handle. As routine tasks are increasingly automated, the importance of these core competencies will grow, placing greater value on skills that complement AI.

This tech company has stopped hiring humans

Meta isn’t alone in its AI journey. Klarna, a leading fintech company, has also supported AI-driven automation, reducing its workforce by 20 per cent over the past year without hiring replacements. Klarna’s CEO, Sebastian Siemiatkowski, has openly stated that AI now performs nearly all tasks traditionally handled by human employees, signaling yet another shift toward an AI-dominated future.

The company, which previously had 4,500 employees, now has 3,500. This reduction happened naturally, according to the CEO, due to the 20 per cent annual attrition rate common in tech firms.

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41% companies may replace employees with AI by 2030 - Report

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The prospect of artificial intelligence (AI) replacing human workers is no longer a sci-fi fantasy—it’s becoming a reality. According to the World Economic Forum’s latest Future of Jobs Report, 41% of global companies are considering reducing their workforce by 2030, opting instead for AI-powered solutions.

The report highlights how advancements in AI are enabling companies to automate tasks that previously required human intervention. While this promises efficiency gains, it also raises concerns about the future of work and the human jobs at risk of becoming obsolete.

The survey, conducted among hundreds of large companies worldwide, reveals a dual approach to AI adoption. On one hand, 77% of organizations plan to reskill or upskill their employees to adapt to AI-enhanced workflows. On the other hand, 70% are looking to hire new talent specifically skilled in designing and implementing AI technologies.

Job roles that heavily rely on repetitive tasks or knowledge-based work are among the most vulnerable. Postal service clerks, executive secretaries, payroll clerks, graphic designers, and legal secretaries are cited as some of the fastest-declining roles, attributed to AI’s growing ability to perform tasks like generating original content and automating administrative processes.

The report notes this decline as evidence of AI’s “increasing capacity to complete knowledge work,” which includes creating text, images, and other outputs based on user prompts.

Despite the grim outlook for some roles, the rise of AI doesn’t mean the end of all human jobs. In fact, the report predicts a surge in demand for positions that require distinctly human skills, such as nursing and teaching. These roles rely on empathy, interpersonal interaction, and critical thinking—qualities that AI has yet to replicate effectively.

The trend underscores the need for workers to embrace adaptability and lifelong learning. Companies are prioritizing skill development to ensure employees can thrive in an AI-driven environment. Industries that successfully blend human creativity with AI efficiency may emerge as the big winners in this transition.

The report offers a clear message to businesses and workers alike: adaptability is crucial. As companies invest in upskilling programs and recruit talent with AI expertise, employees must also proactively seek opportunities to align their skills with the demands of the future workplace.

For roles like graphic design and legal support, the decline in traditional job functions could signal a pivot towards hybrid roles where AI assists rather than replaces human efforts. For instance, designers might focus on conceptualization while relying on AI to execute repetitive tasks.

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Thursday, January 9, 2025

Wall Street may slash 200,000 jobs as AI erodes roles

To See All Articles About Layoffs: Index of Management Lessons
Synopsis

Global banks may cut up to 200,000 jobs in the next three to five years due to AI. Positions in the back office, middle office, and operations are most at risk. Customer services and know-your-customer roles may also change. AI tools are expected to increase productivity and revenue for banks.
    
Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.

Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut, according to a report published Thursday.

Back office, middle office and operations are likely to be most at risk, Tomasz Noetzel, the BI senior analyst who wrote the report, said in a message. Customer services could see changes as bots manage client functions, while know-your-customer duties would also be vulnerable. “Any jobs involving routine, repetitive tasks are at risk,” he said. “But AI will not eliminate them fully, rather it will lead to workforce transformation.”

Nearly a quarter of the 93 respondents predict a steeper decline of between 5% and 10% of total headcount. The peer group covered by BI includes Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc.

The findings point to far-reaching changes in the industry, feeding through to improved earnings. In 2027, banks could see pretax profits 12% to 17% higher than they would otherwise have been — adding as much as $180 billion to their combined bottom line — as AI powers an increase in productivity, according to BI. Eight in ten respondents expect generative AI to increase productivity and revenue generation by at least 5% in the next three to five years.

Banks, which have spent years modernizing their IT systems to speed up processes and shave costs in the wake of the financial crisis, have been flocking into the new generation of AI tools that could further improve productivity.

Citi said in a report in June that AI is likely to displace more jobs across the banking industry than in any other sector. About 54% of jobs across banking have a high potential to be automated, Citi said at the time.

Still, many firms have stressed that the shift will result in roles being changed by technology, rather than replaced altogether. Teresa Heitsenrether, who oversees JPMorgan’s AI efforts, said in November that the bank’s adoption of generative AI was so far augmenting jobs.

Jamie Dimon, JPMorgan’s chief executive officer, told Bloomberg Television in 2023 that AI is likely to make dramatic improvement in workers’ quality of life, even if it eliminates some positions. “Your children are going to live to 100 and not have cancer because of technology,” Dimon said at the time. “And literally they’ll probably be working three-and-a-half days a week.”

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Microsoft announces job cuts, plans to axe 1% of underperforming workforce in 2025

To See All Articles About Layoffs: Index of Management Lessons
Microsoft has announced new performance-based layoffs affecting less than 1% of its global workforce of 228,000 employees. The company’s focus on “high-performance talent” drives these actions, which span multiple departments, including its security division. While layoffs reflect ongoing tech industry trends since 2023, Microsoft’s Chairman Satya Nadella unveiled a large-scale initiative to train 500,000 individuals in rural India in artificial intelligence skills, reinforcing the company’s commitment to innovation and growth.

Microsoft has begun the year with small-scale layoffs across various departments, citing performance as the primary criterion. A spokesperson for the company told CNBC, “At Microsoft, we focus on high-performance talent. We are always working on helping people learn and grow. When people are not performing, we take appropriate action.”

The job cuts, affecting less than 1% of its 228,000 employees, are part of a broad effort to enhance performance management. Business Insider reported that these layoffs also include employees in the security division. According to sources, managers have spent months evaluating staff performance across all levels, including senior positions.

While the company is letting go of underperforming employees, many of the vacated positions may be refilled, ensuring that the overall workforce size remains relatively stable.

This is not Microsoft’s first round of layoffs in recent years. In 2023, the company cut approximately 10,000 jobs, representing about 5% of its workforce. That year, its Xbox gaming division also saw minor job reductions.

In 2024, following the $75.4 billion acquisition of Activision Blizzard, Microsoft dismissed nearly 2,000 employees from its gaming division to eliminate redundancies. Further layoffs during the summer affected its Azure cloud computing unit, initially targeting 1,500 roles, with approximately 1,000 employees ultimately laid off.

The broader tech industry has experienced significant downsizing since 2023, with companies like Google and Microsoft prioritising efficiency and performance amid economic pressures. Although it’s early in 2025, analysts expect such workforce reductions to continue as companies refine their strategies.

AI Skilling Programme for Rural India

Amidst the restructuring, Microsoft is making significant investments in artificial intelligence skill development. During a visit to New Delhi as part of the Microsoft AI Tour, Chairman and CEO Satya Nadella announced a collaborative initiative with India’s Ministry of Electronics and Information Technology (MeitY).

The programme aims to train 500,000 individuals in rural India in artificial intelligence skills. “There’s tremendous progress in AI skilling in India,” Nadella stated, emphasising the country’s vital role in the global AI landscape. This initiative is designed to empower underserved communities by equipping them with cutting-edge technological expertise.

Microsoft’s Strategic Outlook

Despite workforce adjustments, Microsoft remains focused on growth opportunities in artificial intelligence and cloud computing. The company’s partnership with OpenAI, in which it has invested over $13 billion, underscores its ambition in the AI sector. While tensions with OpenAI have emerged, Microsoft’s AI-driven products, such as the Microsoft 365 Copilot assistant, continue to develop and gain traction.

In October 2024, Chief Financial Officer Amy Hood indicated that revenue growth from Microsoft Azure, supported by AI infrastructure, is expected to accelerate in early 2025. These initiatives signal the company’s dual focus on operational efficiency and innovation.

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