Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Sarah Grillo/Axios

Women who took extended time off from work to raise a family often assume their careers have hit a dead end. But in a tight job market, many companies are rolling out the red carpet to bring back that kind of experienced talent.

Why it matters: Career reentry programs — sometimes called "returnships" — give employers an opportunity to repopulate the ranks with high-caliber mid- to senior-level women. And they provide women who've been out of the workforce a chance to get back on the career path.

The big picture: About 2.2 million non-working mothers between 25 and 54 years old with bachelor's degrees or higher say they want to work, according to career reentry consultant Carol Fishman Cohen, co-founder of iRelaunch.

By the numbers: At the same time, there's a large talent gap to fill, especially in technical fields like engineering and computer science.

  • The U.S. Bureau of Labor Statistics predicts a shortage of more than 500,000 engineers between 2014 and 2024, for example.
  • Women represent just 14% of all engineers, according to the Society of Women Engineers, which launched the STEM Reentry Task Force with iRelaunch in 2015.
  • Between 54,000 and 216,000 women with engineering or computer science degrees are on career breaks at any time, according to SWE.

What's happening: More than 100 of the world's largest companies offer some type of return-to-work initiative.

  • The trend started in the financial services sector, first at Lehman Brothers and then at Goldman Sachs, which in 2008 coined — and trademarked — the term "returnship" for its 10-week program for women (and men) with career gaps looking to rejoin the workforce.
  • Since then, the concept has spread to other professions like law, IT, engineering and manufacturing.
  • General Motors, Ford, United Technologies and others have launched their own return-to-work programs.

How it works: A returnship for mid-career professionals is not much different from an entry-level internship.

  • Participants get training and mentoring support, and are paid the going rate for someone employed full-time in their position.
  • Open to men and women who have taken a career break of at least two years, the programs generally last from eight weeks to six months.
  • During that time, participants refresh their skills, while employers evaluate them for full-time jobs.
  • About 85% of participants have been hired into permanent jobs, says Cohen, whose firm helps companies develop return-to-work programs and also runs conferences on career reentry.
  • Cohen says her company has worked with 80,000 career relaunchers since 2007, including 400 who were hired more recently through the STEM Reentry Task Force.

General Motors' Take 2 program, launched in 2016, was one of the first STEM programs.

  • Originally focused on engineering jobs, GM later opened up the program for IT and finance professionals.
  • With 15 years' experience at an auto supplier, Kristen Siepker took a 10-year break to raise three kids. She joined GM in 2017 for a 12-week Take 2 internship. At the end, she was offered a full-time job, and within five months, she earned a promotion. She's now a finance manager in GM's fleet organization.

The bottom line: GM CEO Mary Barra broke barriers in 2014 as the only woman to lead a global automaker, but the industry as a whole remains a boys’ club, reports USA Today.

  • Encouraging women to resume their careers after a break is one way to boost that diversity and establish role models for future working mothers.

Go deeper

Institutionalizing Trumpism

Protesters supporting Donald Trump march down Fifth Avenue in March. Photo: John Minchillo/AP

Republican officials are rendering an unequivocal verdict: They want to cement former President Trump's politics and policies into the foundation of the GOP for many years to come.

Why it matters: The debate over Trump's post-election hold on the GOP is over — it has gotten stronger since the Jan. 6 storming of the Capitol.

Ina Fried, author of Login
2 hours ago - Technology

Epic's long game against Apple

Illustration: Sarah Grillo/Axios

Epic's Apple lawsuit is costing the company dearly, but the game developer has its eye on a valuable long-term goal: prying tomorrow's virtual worlds loose from the grip of app store proprietors like Apple.

Between the lines: Epic isn't spending a fortune in legal fees and foregoing a ton of revenue just to shave some costs off in-app purchases on today's phones. Rather, it's planning for a future of creating virtual universes via augmented and virtual reality — without having to send a big chunk of their economies to Apple or Google.

Updated 2 hours ago - Health

The race to avoid a possible "monster" COVID variant

Illustration: Rae Cook/Axios

Slow global COVID-19 vaccination rates are raising concerns that worse variants of the coronavirus could be percolating, ready to rip into the world before herd immunity can diminish their impact.

Why it matters: The U.S. aims to at least partially vaccinate 70% of adults by July 4, a move expected to accelerate the current drop of new infections here. But variants are the wild card, and in a global pandemic where only about 8% of all people have received one dose, the virus will continue mutating unabated.