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

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Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
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Gen Z and millennials are struggling to work with their older counterparts, but boomers have no problem with their younger coworkers 

By
Sara Braun
Sara Braun
Leadership Fellow
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By
Sara Braun
Sara Braun
Leadership Fellow
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April 24, 2025, 8:27 AM ET
Female manger explaining senior businessman in factory warehouse.
Communication breakdown and a values mismatch are key reasons Gen Z can’t connect with their elders. Getty Images
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One person’s teamwork is another one’s nightmare. Just ask Gen Z. 

While 45% of baby boomers have no problems working with different generations, only 17% of Gen Z feels the same way, according to a new report from Korn Ferry, which surveyed 15,000 global employees across a range of job roles, age demographics and industries. 

Much of the strife that Gen Z feels is likely due to another workplace trend: the missing manager. The middle layer of corporate America is already stressed out, and some companies like Bayer and Amazon are getting rid of them altogether. But overstretched or nonexistent bosses are likely leading to friction between generations, Lesley Uren, CEO of Korn Ferry Consulting, tells Fortune.

“It’s likely that that missing middle management group is causing some of that disconnect between the baby boomers, who are probably going to be in the leadership roles, and Gen Z, who are down the lower levels of the organization,” says Uren.

Part of the larger generational strife in the workplace is also due to communication differences and misaligned principles. While 49% of Gen Z want better communication and teamwork training, only 27% of boomers think there’s a problem. And while 37% of millennials say there’s a fundamental clash in generational values at work, only 27% of boomers feel the same way. Those kinds of differences are likely also heightened in a hypercharged political climate, with younger workers looking to company leaders to clearly spell out their corporate beliefs.  

“We see some of the communication breakdown often occurring when there isn’t that strong articulation of who we are and what we stand for as an organization, where we’re going, what our sense of direction is,” Uren says. 

While critics of the younger generations might be tempted to use the report to reinforce the narrative that this cohort is difficult and even unprofessional, Uren disagrees with that idea. In fact, she believes we could all stand to bring a bit more idealism into the workplace. 

They’re “requiring leaders to be what they should be, which [are] effective people managers, as much as they are driving the business,” she says. “I think that can only be a good thing for all organizations, if we raise the caliber and quality of leadership.”

Sara Braun
sara.braun@fortune.com

Around the Table

A round-up of the most important HR headlines.

In an effort to de-escalate the trade war with China, the White House is considering lowering the current levies Trump recently placed on the country. Wall Street Journal

Thousands of workers, nearly one in five, at the Department of Labor are opting to leave their jobs later this year as part of the administration’s deferred resignation program. Bloomberg Law

One federal judge says he’s starting to become skeptical about Trump’s recent targeting of prominent law firms. The Associated Press

Watercooler

Everything you need to know from Fortune.

Real AI workers. A leading Anthropic exec says AI employees, complete with memories, roles, and corporate credentials, could be just one year away. —Beatrice Nolan

AI backlash. A tech founder is getting ridiculed online after touting his new startup that aims to entirely replace human employees with artificial intelligence bots. —Stuart Dyos

A tough pill to swallow. Ralph Lauren CEO Patrice Louvet doesn’t believe in sugar coating the constructive criticism he gives staff. —Preston Fore

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.
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Sara Braun is the leadership fellow at Fortune.

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