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As millions of Gen Zers face unemployment, McDonald’s CEO dishes out some tough love career advice for navigating the market: ‘You’ve got to make things happen for yourself’

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Instead, the 57-year-old executive is offering some blunt advice for aspiring young professionals: whether the market is hot or cold, no one is going to give you a handout. Your career is yours to build, and the onus is on you to make it happen.

“Remember, nobody cares about your career as much as you do,” Kempczinski said in a recent Instagram video. “You’ve got to own it, you’ve got to make things happen for yourself.”

At a time when many young workers are grasping at their networks for a leg up, the risks of falling behind are real: millions of young people are now classified as NEET—not in employment, education, or training. Against that backdrop, Kempczinski warned there’s no guarantee anyone will always have your back—or ensure you reach your career goals. 

Kempczinski knows firsthand that careers rarely unfold as planned. He once dreamed of becoming a professional soccer player, not a CEO. When it became clear early on that his athletic capability wasn’t up to star-level, he took his future into his own hands: turning lessons learned from washing dishes at 16 at First Watch into a three-decade-long career across companies like Procter & Gamble and PepsiCo before he was tapped to lead McDonald’s in 2019.

Keeping an open mind could be a career changer

Instead of expecting stability, one of the biggest paths to long-term success is embracing the chaos with curiosity—and a willingness to say yes when opportunities arise, according to Kempczinski.

“ To be a yes person is way better than to be a no person,” he told LinkedIn CEO Ryan Roslansky. “So as those career twists and turns happen, the more that you’re seen as someone who’s willing to say yes and to go do something, it just means you’re gonna get that next call.”

For Loreal’s Chief Human Resource Officer Stephanie Kramer, saying yes to things—even if they were unglamorous and “junior” looking, like grabbing coffee—was pivotal to her success.

“At the beginning of my career, I often credit it with the ability to say yes to the very, very little things,” Kramer recently told Fortune. “Who’s going to make the copies and going to get the coffee? Me. Who is going to be there early to set up the meeting? Me. Who is going to go watch which door consumers go in to determine what the best bay or window is for Saks Fifth Avenue that we want to have? Me.”

And the benefits of keeping an open mind early on may be more relevant now than ever, as opportunities have become slimmer for recent graduates. 

In the U.K., more than 1.2 million applications were submitted for just under 17,000 open graduate roles in 2023 and 2024, according to the Institute of Student Employers. And back stateside, lawmakers have warned that joblessness among recent graduates could hit 25% in the next two to three years as AI reshapes entry-level work.

Fortune reached out to Kempczinski for further comment.

The endless pursuit of knowledge—no matter what life throws at you

The emphasis on staying curious—even when plans change—is a theme echoed by other top executives.

Bank of America CEO Brian Moynihan has long credited asking questions and continuously learning as central to both the bank’s success and his own decade-plus tenure at the helm of a Fortune 500 company.

“You lose your curiosity, and you are on your way out of this company,” Moynihan told Fortune in 2017.

He echoed that message just last week, saying his top leadership advice remains simple: “You have to keep learning, you have to be curious, you have to read a lot,” he told The Master Investor podcast.

That mindset has also shaped the unconventional career path of Life360 CEO Lauren Antonoff. 

She once planned to become a civil rights lawyer, but an unexpected curiosity sparked by her first MacBook in college pulled her toward technology. She ultimately climbed the corporate ladder in tech—even without finishing her degree.

“I’m a big believer in finding your way in the world,” Antonoff recently told Fortune. “That’s not just about getting a job; if you don’t have a job, start something. If you don’t have a job, go volunteer someplace. In my experience, being active and working on problems that you’re interested in—one thing leads to another.”

This idea that careers aren’t built by waiting for someone to tell you what to do is exactly the message Kempczinski wanted to send to Gen Z. Staying curious and being willing to step through doors before you know exactly where they lead is often the key to long-term success.





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Mamdani gets 74,000 resumes in sign of New York City’s job-market misery

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More than 74,000 people, with an average age of 28, have applied for roles in Zohran Mamdani’s new administration.  Those figures are both a measure of enthusiasm for New York City’s incoming mayor and a sign of how tough the job market is for young people in the five boroughs.

Young voters and volunteers fueled the 34-year-old Mamdani’s fast rise from a relatively unknown Queens assemblyman to mayor-elect of America’s largest city. A lot of them had time on their hands: New Yorkers aged 16 to 24 faced a 13.2% unemployment rate in 2024, 3.6 percentage points higher than in 2019, according to a May report from the New York state comptroller. 

New York City had a 5.8% unemployment rate overall in August, 1.3 percentage points above the US average. The city added roughly 25,000 jobs this year through September, compared with about 106,000 during the same period in 2024, according to city data.

Mamdani’s campaign pledge to lower the cost of living in New York resonated with voters struggling to find jobs and establish themselves at a time when rents have stayed high and income growth has slowed. Now he’s looking to hire an unspecified number of roles across 60 agencies, 95 mayoral offices and more than 250 boards and commissions, with senior roles a priority, according to his transition team.

The typical size of the New York City mayoral staff — commissioners, communications, operations and community affairs — is about 1,100, according Ana Champeny, vice president of research at the Citizens Budget Commission, a nonprofit finance watchdog. City government in total hired 39,455 people in 2024, according to New York City data.

Applications for roles in Mamdani’s administration have come from workers of all experience levels and from a wide range of backgrounds and industries, said Maria Torres-Springer, co-chair of the mayor-elect’s transition team. About 20,000 of the applicants came from out of state.

When Barack Obama was elected US president in 2008, workers submitted more than 300,000 job applications to his administration. Blair Levin, who co-led the technology transition team for Obama, said he received around 3,000 of those resumes. He whittled the pool down to 75, a relatively easy task because he needed applicants with specific tech and economics skills, he said.

Without invoking the term “AI,” Torres-Springer said the applications would be filtered using “the typical technology that any big corporation would have in an applicant-tracking system.” The resumes will then be sorted and matched to different agencies.

Mamdani’s avid use of social media, which helped him connect with young people during his campaign, has continued into his transition efforts, creating excitement — among young people especially — about the prospect of joining his administration.

“The average age does tell a particularly interesting story in two ways,” Torres-Springer said. “It might be because of volatility in the job market but it’s also because I think we are attracting, the administration is attracting, New Yorkers who may not have considered government in the past.”

Take David Kinchen, a 28-year-old data engineer who moved to New York from northern Virginia three years ago. Since getting laid off from a job in fraud detection at Capital One, he has applied for more than 1,000 roles and completed at least 75 interviews without an offer, he said. Kinchen volunteered for Mamdani’s campaign and applied to the administration, highlighting his tech credentials and a passion for photography. 

“I did data engineering, so I could help with database decisions. There was also a creative option on the application, since I could work as a staff photographer too,” Kinchen said. 

Another applicant, 22-year-old Aurisha Rahman, has struggled to find a job since graduating with a civil-engineering degree from Hofstra University on Long Island. 

“The job market is even worse than it was last fall,” Rahman said. Mamdani’s resume portal was one of the few places she found open to entry-level applicants.

Rahman, who was born and raised in Queens, said she wants to give back to the city where she was raised and wouldn’t be picky about a position. “Whatever they need, I’ll do it. I don’t care,” she said. “Right now, it’s better to be busy with something than nothing.”



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Sweetgreen co-founder is stepping down from executive role

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Sweetgreen Inc. co-founder Nathaniel Ru is leaving the struggling salad chain following a string of disappointing results and a precipitous decline in the company’s stock price. 

Ru, who has served as chief brand officer and been with the company for 20 years, is planning to retire on Jan. 1, according to a statement. He will continue to serve on the board. 

Sweetgreen’s share price has dropped nearly 80% since the start of 2025, while consumers have bristled at perceived high costs of the company’s food. Fast-casual chains have also broadly struggled in recent quarters. Operational stumbles, such as removing fries only months after they were introduced, have contributed to the market losing faith in Sweetgreen’s current management team.

Ru, who started the company alongside current Chief Executive Officer Jonathan Neman and Chief Concept Officer Nicolas Jammet, has overseen the company’s marketing and restaurant design. While Sweetgreen’s concept has been touted as innovative in the restaurant world, that creativity has sometimes hindered efficient operations.

The company has yet to turn a profit since going public in late 2021 and has amassed net losses totaling more than $500 million in the period. Despite this, the chain has continued to aggressively expand, with its store count growing 90% over the past four years.

The growth hasn’t led to better financial performance. Cava Group Inc., which sells Mediterranean-style bowls, has expanded more quickly than Sweetgreen while posting consistent quarterly profits.

Prioritizing branding and restaurant development has led to higher operating costs and hasn’t translated into increased foot traffic. Sales from existing restaurants has contracted three consecutive quarters, including a 9.4% drop most recently, the most since 2021. Analyst expect that trend to continue, and worsen, in the fourth period this year after the company warned weak traffic trends have continued.

In August, Neman said only one-third of locations were “consistently operating at or above standard,” while the remainder fell short on sourcing, cooking and uniformity.

This year, the company sold off its kitchen automation unit to Wonder Group Inc., generating $100 million in cash. That technology was supposed to help get restaurant unit economics under control and speed up service but was sacrificed to help shore up company finances. Sweetgreen will maintain a licensing agreement to use the tool.

In 2014, Ru told the business journal from the Wharton School of Business at the University of Pennsylvania that he and his partners started Sweetgreen with a single location in Washington DC. He said that the landlord initially hung up on him but eventually relented after months of pestering. He said the group came up with five business principles, including “win, win, win” and “keeping it real.”

In 2022, he told Marketing Brew that Sweetgreen seeks “intimacy at scale” as it expands while talking about the company’s collaborations with tennis player Naomi Osaka and NBA player Devin Booker.



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$1 billion fraud revealed with guilty pleas from subprime auto lender Tricolor

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The founder of Tricolor Holdings led other top executives of the subprime auto lender on a seven-year campaign to defraud its largest lenders out of nearly $1 billion, authorities said Wednesday, as they announced two arrests and guilty pleas by two former executives.

Daniel Chu, the company’s founder and chief executive, was charged in an indictment unsealed in Manhattan federal court with directing multiple executives since 2018 to defraud investors and lending institutions. The fraudulent schemes included fabricating data and making false statements, according to the indictment.

A defense lawyer for Chu did not immediately return a message seeking comment.

Chu, 62, of Miami, was arrested in Florida, while David Goodgame, 49, of Waxahachie, Texas, the company’s former chief operating officer, was arrested in Texas. It was not immediately clear who will represent Goodgame at an initial court appearance.

U.S. Attorney Jay Clayton told a news conference that Chu repeatedly lied to banks and other credit providers as he turned fraud “into an integral component of Tricolor’s business strategy.”

He said the collapse of the company dealt a blow to car-buying customers who needed the services of a lending business that catered to people with troubled credit histories.

“Of course, if you have something like this happen, if you have fraud in that area, it becomes harder for those people to get auto loans,” Clayton said.

According to the indictment, the scope of the fraud was revealed in late August when lenders confronted Chu and other executives about Tricolor’s collateral.

Chu and others accused of carrying out the fraud initially tried to conceal it, saying the collateral issues were due to an administrative error, the indictment said. After those efforts failed, Chu extracted over $6 million from the company, spending some of it on the August purchase of a multimillion dollar property in Beverly Hills, California, the indictment said.

On Sept. 10, Tricolor filed for Chapter 7 bankruptcy because it owed over $900 million to the company’s largest lenders, the indictment said.

Chu could face a mandatory minimum sentence of 10 years in prison and a maximum of life behind bars if he is convicted on the top charge of running a continuing financial crimes enterprise. Other charges include conspiracy, bank fraud and wire fraud. Goodgame was charged with conspiracy, bank fraud and wire fraud.

Authorities also announced that a former chief financial officer and a former finance executive at Tricolor had pleaded guilty to charges on Tuesday in Manhattan and were cooperating with the government.



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