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Industry Changes

All articles tagged with #industry changes

business29 days ago

Syracuse Exec Invests in Malls' Future Amid Industry Shift

Carmen Spinoso, a former mall executive, founded Spinoso Real Estate Group in 2009 to manage and own struggling malls, especially those in receivership, recognizing industry shifts and opportunities during economic downturns. His company manages 40 malls across the U.S., focusing on revitalization through tenant diversification and innovative uses, despite challenges faced by major properties like Destiny USA. Spinoso also expands into other real estate sectors, including managing iconic properties like Grand Central Terminal, demonstrating confidence in the future of well-managed malls and real estate investments.

via Syracuse.com|
#business#industry-changes#malls
real-estate1 year ago

"Exodus of Real Estate Agents: A Boon for Homebuyers?"

The real estate industry is experiencing a significant downsizing as many agents leave the field due to a challenging market and new rules affecting commissions. Experts predict that up to 80% of real estate agents could exit the profession, which may benefit homebuyers by leaving more experienced and competent agents who can offer competitive commissions. The changes are expected to make the market more diverse and competitive, with a focus on better service and accountability from remaining agents.

via The Washington Post|
#commissions#housing-market#industry-changes
technology1 year ago

"The Decline of Glamour in Big Tech Jobs"

Once highly sought after, jobs in Big Tech are losing their appeal as layoffs and cutbacks become more common, leading employees to question their future in the industry. Perks and benefits that once defined the sector are being scaled back, and the return to office is becoming a disciplinary issue. The tech sector's desirability has decreased, with layoffs and uncertainty leading workers to consider alternative career paths. Despite this, some believe that the industry will regain its allure once the economy recovers, but for now, many tech workers are looking for opportunities outside of Big Tech.

via BBC.com|
#big-tech#employee-disillusionment#industry-changes
music-industry1 year ago

"Taylor Swift's Record-Breaking Pursuit Amid Music Industry Challenges"

Taylor Swift is on the verge of making history in the music industry as it undergoes significant changes, with streaming services reshaping the landscape. Swift's re-recorded version of her album "Red" is expected to break records, highlighting the ongoing shift in how music is consumed and the challenges faced by traditional record labels. The industry is experiencing a "hangover" as it adapts to these changes, and Swift's success is emblematic of this transformation.

via Financial Times|
#industry-changes#music-business#music-industry
business2 years ago

BlackRock to Cut 600 Jobs Amid Rapidly Changing Market Environment

BlackRock, the $9 trillion Wall Street giant, is set to cut about 600 jobs, or 3% of its global workforce, as CEO Larry Fink and President Rob Kapito anticipate rapid changes in the asset management industry, driven by the increasing preference for ETFs and the transformative impact of new technologies. Despite the cuts, the company expects to expand in certain areas and aims to double revenue from private markets over the next five years. This move comes as the asset-management industry faces challenges from market declines and investor concerns over higher interest rates, leading to similar job cuts at other major firms like Wellington Management and T. Rowe Price Group Inc.

via Fortune|
#asset-management#blackrock#business
entertainment2 years ago

Global Solidarity for WGA Strike: Screenwriters Unite Against Automation Threat.

Writers and their allies from almost two dozen countries gathered for demonstrations in support of striking WGA writers. The Screenwriters Everywhere protests took place across the globe, including at Netflix’s office in Seoul, South Korea, Apple and Amazon in Canada, and the European Parliament in Brussels. Demonstrators included some of the UK’s biggest scribes, including Doctor Who showrunner Russell T. Davies, Succession creator Jesse Armstrong, and Black Mirror writer Charlie Brooker. The writers are seeking pay increases and structural changes to the business model, and many are also concerned about the effects of AI across the industry.

via Deadline|
#entertainment#global-protests#industry-changes
music-streaming2 years ago

Spotify promises HiFi feature is still on the horizon.

Spotify co-president Gustav Söderström confirmed that the streaming service is still working on its high-res audio tier, HiFi, but did not provide any launch date or support for spatial audio. Söderström hinted that the cost of HiFi and deals with music labels are major factors to the delay and that Spotify wants to do something "unique" with HiFi. The delay is also attributed to the company's need to adapt to a changing industry.

via TechRadar|
#hifi#industry-changes#music-labels