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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
NewslettersFortune CHRO

Women are more interested in making friends at work because they’re more likely to face career interruptions

By
Azure Gilman
Azure Gilman
and
Emma Burleigh
Emma Burleigh
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By
Azure Gilman
Azure Gilman
and
Emma Burleigh
Emma Burleigh
Down Arrow Button Icon
July 15, 2024, 8:30 AM ET
Two women are friends at work.
Working women are more likely to say they need friends at work, and actually have them.Getty Images
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A good work friend is hard to find, but some groups are more willing to search than others. 

Around 42% of women say they need close friends at work, compared to only 34% of men, according to new data from LinkedIn’s Workforce Confidence survey. And for the most part, women seem to be succeeding; around 56% say they have close friends on the job, compared to 50% of men. Women are also more likely to say they need a mentor—about 46%, compared to just 36% of men. And around 36% of women say they’ve found that mentor, compared to 29% of men. 

“We know work friendships can help women feel seen and supported, but they can also help women expand their networks and increase professional growth opportunities,” Catherine Fisher, a career expert at LinkedIn, tells Fortune. 

One factor that influences women’s higher rate of work friendships is that they’re overrepresented in industries that favor collaboration, including healthcare and education, according to LinkedIn. But office allies also play an important role for women as they face a more circuitous climb up the corporate ladder. They’re often saddled with the lion’s share of family responsibilities, forcing them to temporarily step away from their careers to care for children or aging parents—so for women, having a friend at work means a bigger network to either return to the office, or find a job somewhere else. 

“Women’s careers are impacted at greater rates by life events, like childcare and caregiving responsibilities, resulting in women being two times more likely than men to take a career break,” says Fisher. “Having close friendships at work can again not only provide emotional support during these transitions, but also help women tap into a broader network of connections when they are ready to jump back into the workforce.” 

But friendships at the office aren’t just good for workers; they’re also important to companies. Having a best friend in the office leads to higher satisfaction rates among employees, and those employees are more likely to recommend their workplace to someone else. And building relationships with colleagues and managers was the top reason that employees gave when asked why they would choose to go back into the office, according to a 2023 survey from Gartner, a research and consulting firm. 

So as everyone from the CEO of AirBnB to the surgeon general sounds the alarm over a loneliness crisis—which seems to be hitting men especially hard—bosses should do whatever they can to nurture mentorship and camaraderie among their workers. 

Azure Gilman
azure.gilman@fortune.com

Emma Burleigh
emma.burleigh@fortune.com

Today’s edition was curated by Emma Burleigh.

Around the Table

A round-up of the most important HR headlines.

A Black man is suing a Michigan hotel for racial discrimination after he applied for many jobs but was only offered an interview after using a “more Caucasian” sounding name. Washington Post

Wealthy Americans working remotely are buying so much property on the French Riviera that home prices in the area have shot up between 15% and 20%. Bloomberg

Fewer U.S. workers are juggling side gigs due to falling inflation, a strong job market, and rising pay for full-time employees. NBC News

Watercooler

Everything you need to know from Fortune.

Summer setback. PwC continues to reel back its ‘summer Fridays’ offering, when employees enjoy half-days at the end of the week, as the company struggles with demand slowdown. —Ryan Hogg

Blinded. New research shows that employees tend to confuse toxic boss behavior with “tough love” due to the positivity surrounding their successes. —Lindsey Leake

WFH stronghold. More U.S. employees worked remotely in 2023 compared to the year before, signaling that flexible schedules are still popular despite RTO pushback. —Paolo Confino

This is the web version of Fortune CHRO, a newsletter focusing on helping HR executives navigate the needs of the workplace. Sign up to get it delivered free to your inbox.
About the Authors
By Azure GilmanDeputy Leadership Editor
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Azure Gilman is the former deputy editor for the Leadership desk at Fortune, assigning and editing stories about the workplace and the C-suite.

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Emma Burleigh
By Emma BurleighReporter, Success

Emma Burleigh is a reporter at Fortune, covering success, careers, entrepreneurship, and personal finance. Before joining the Success desk, she co-authored Fortune’s CHRO Daily newsletter, extensively covering the workplace and the future of jobs. Emma has also written for publications including the Observer and The China Project, publishing long-form stories on culture, entertainment, and geopolitics. She has a joint-master’s degree from New York University in Global Journalism and East Asian Studies.

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