The ‘Great Resignation’ May Be Here to Stay

Hi, I’m Matt Turner, the editor in chief of business at Insider. Welcome back to Insider Weekly, a roundup of some of our top stories. 

On the agenda today:

Before we get to this week’s stories: It’s been a big week for Insider. We won our first Pulitzer Prize, for a powerful illustrated report “How I escaped a Chinese internment camp.” Walt Hickey, a senior data editor at Insider, gives us an inside look at the award-winning work.

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Behind the scenes of Insider’s Pulitzer Prize

Header image: I Escaped a Chinese Internment Camp

Fahmida Azim and Josh Adams

I’m Walt, the editor on this project. This has been years in the making, as the team and I have tried to use comics to report stories for a number of years, including the matters that led to Donald Trump’s first impeachment, the turmoil in the royal family, and the failed federal response to the pandemic.

Each of these stories were strongest when they used comics to explore places cameras couldn’t go. We were all aware of the situation in Xinjiang, but the visuals escaped us. You just can’t get a camera into a detention facility.

So we found Zumrat Dawut and listened to her story. While we weren’t the first to hear it, we were the first to build a visual narrative that put readers in her perspective. Thanks to original photos and videos, as well as hours of detailed interviews, we were able to get things right. It’s a harrowing read, but a necessary one, and I hope you check it out

I watched the Pulitzer announcement at Insider HQ in New York. I was completely shocked (there’s a video going around of it). The best part for me is the attention to the story. I’m so grateful for all the people reading it. Zumrat got in touch, and she’s so pleased that more people are seeing what she endured. I’ve mostly tried to do good, experimental, and cool work with these comics, and to me the victory was being able to make something like this. It’s an incredible honor, and I’m grateful to Insider for taking risks and investing in this kind of work. 

You can see the full comic here.

Brace yourself for the ‘Forever Resignation’

Cubicles with "I Quit" signs repeating. One last cubicle lit up last person leaving

Savanna Durr/Insider

We’re a year into the Great Resignation, and positions are still going unfilled, projects are delayed, and recruiting costs and salaries have gone through the roof. Executives across corporate America are staring at their sky-high attrition rates and asking: “When in the world is this going to end?”

But a new study from the research firm Gartner shows that employers may have to brace themselves for a new reality — that the Great Resignation is here to stay.

Read the full story here:

Also read: 

Inside Thomas Kurian’s Google Cloud

Google CEO Sundar Pichai and Google Cloud CEO Thomas Kurian, facing opposite directions with Google Cloud logo, and cloud with lightning in background

Google; Ramin Talaie/Getty Images; Google Cloud; Insider

Three years ago, Thomas Kurian was hired to make Google Cloud a promising revenue source for Alphabet. So far, it’s worked: Last quarter, the unit’s revenue grew 44%, to $5.8 billion. But insiders say that success has come with a price. 

More than 20 current and former Google Cloud employees say Kurian’s leadership has transformed the unit into a straitlaced and “cutthroat” organization, with “​​no resemblance to what Google has ever been.”

Read the full story here:

Growth hedge funds’ no good, very bad month

A black-and-white illustration of Tiger Global's Chase Coleman against a tiger-pattern background.

Mike Nudelman/Insider

Hedge-fund managers focused on growth stocks had a disastrous April: Tiger Global lost billions, and Melvin Capital frustrated investors with a potential reorganization.

And at the end of a frustrating month, Dan Sundheim, D1’s founder, uncharacteristically took to Twitter to air his frustrations over Amazon — one of his biggest investments — as his $25 billion fund was hit with losses.

Read the full story here:

How to craft a successful Y Combinator application

Stephanie Simon Y Combinator

Stephanie Simon, the admissions director of Y Combinator.

Y Combinator

Stephanie Simon, Y Combinator’s head of admissions, is charged with sifting through thousands of applications for the accelerator’s exclusive program — of which about 1% to 2% make the final cut. 

Simon sat down with Insider to share the traits that stick out to the admissions team (and the few qualities that could completely disqualify a startup).

Read the full story here:

This week’s quote:

“Are all entrepreneurs mentally ill? Hell no. Are some? Definitely. Of course. So are a lot of people. So let’s stop stigmatizing it — everywhere, but especially in the business world, where it remains anachronistically verboten for reasons that feel hopelessly outdated.”

More of this week’s top reads:

Plus: Keep updated with the latest business news throughout your weekdays by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here tomorrow.

Curated by Matt Turner. Edited by Jordan Parker Erb, Hallam Bullock, and Lisa Ryan. Sign up for more Insider newsletters here.