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☆ Exclusive: French VC firm Ventech has exited digital music company Believe and launched its 6th fund
▼ + stars: | 2024-04-30 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

Read previewVenture capital firm Ventech has sold its stake in digital music company Believe, saying the company's lack of liquidity has led to it being "chronically undervalued" on the Paris Stock Exchange. "It wasn't really possible to use the Believe stock to accelerate its build-up," he added. Related stories"The management wanted to size the company, but the stock price and liquidity wasn't allowing that," he said. Ventech has raised an initial closing for its sixth fund, targeted at around €225 million ($241 million). Ventech has made initial deals from its sixth fund, backing French startup Firecell and German real-estate management company Einwert.

Persons: —, Ventech, Jean Bourcereau, Thomas Bravo, Bourcereau Organizations: Service, Paris Stock Exchange, Business, London Stock Exchange Locations: Ventech, €, Europe, Stockholm

☆ What it's like to work at Deloitte, PwC, KPMG, and EY: pay, perks and RTO policies
▼ + stars: | 2024-04-20 | by ( George Glover | ) www.businessinsider.com time to read: 1 min

DeloitteDaniel Leal/AFP via Getty ImagesBusiness Insider analyzed disclosure data from the US Office of Foreign Labor Certification to work out how much each member of the Big Four pays its employees. At Deloitte, salaries range from $49,219 a year for entry-level analysts to as much as $875,000 a year for senior principals. The firm's US operation employs just over 170,000 people across 80 offices, with its headquarters at 30 Rockefeller Plaza in New York. Employees are entitled to 16 weeks of paid parental leave, can take three or six-month sabbaticals at 40% of their base pay, and are eligible for a wellbeing subsidy worth up to $1,000. Deloitte doesn't have a set RTO policy, although this may vary from team to team.

Persons: Daniel Leal, Deloitte doesn't Organizations: Getty Images, of Foreign Labor, Big, Deloitte, Rockefeller, Employees Locations: New York

☆ The top 15 companies for career growth if you work in the US, according to LinkedIn
▼ + stars: | 2024-04-17 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

Read previewLinkedIn released its annual US list of the best big employers for career growth this week, and JPMorgan Chase & Co. ranked No. A few kinds of employers emerge among LinkedIn's top 15 large companies for US career growth including financial-services giants like JPMorgan and Wells Fargo, telecom companies AT&T and Verizon, and the Big Four accounting firms Deloitte and PwC. This story is available exclusively to Business Insider subscribers. "This year's honorees are proving that investment in the employee experience is vital in today's workplaces," the report said. "Our methodology uses LinkedIn data to rank companies based on eight pillars that have been shown to lead to career progression," the report said.

Persons: —, Wells, it's, Nick Bunker Organizations: Service, JPMorgan Chase &, JPMorgan, AT, Verizon, Big, Deloitte, PwC, Business, North America Locations: Wells Fargo

☆ The 10 best U.S. companies to work for in 2024, according to LinkedIn—Amazon is No. 2
▼ + stars: | 2024-04-16 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

The best companies to work for include big names in tech, health care and financial services, according to new research from LinkedIn. On Tuesday, the networking platform released its annual Top Companies list identifying the 50 best places in the U.S. for professionals to grow their careers. JP Morgan Chase & Co. claimed the No.1 spot, with other recognizable names like Verizon, Amazon and Wells Fargo rounding out the top 10. LinkedIn published two lists as part of its report: one for midsize companies with at least 250 employees and another for large companies with 5,000 employees or more. Citi, which ranked 14th on LinkedIn's list last year, was not eligible for this year's list after announcing it was eliminating approximately 10% of its workforce in January 2024.

Persons: JP Morgan Chase, Morgan Chase, Andrew Seaman, Seaman Organizations: LinkedIn, Companies, Verizon, Amazon, Amazon Wells, Deloitte PwC UnitedHealth, Alphabet Inc, Citi, UnitedHealth, Moderna, Visa, American Express, Procter & Gamble, Harvard Business School, CNBC Locations: U.S

☆ Blackstone hires Walmart AI whiz to supercharge its portfolio companies
▼ + stars: | 2024-04-15 | by ( Bianca Chan | ) www.businessinsider.com time to read: +4 min

Private equity is ramping up its AI hiring efforts, with Blackstone snagging a key executive to oversee how AI will be applied at its some 230 portfolio companies. Mehrotra will lead Applied AI within Blackstone's data science team, Matthew Katz, Blackstone's global head of data science, told Business Insider in a written statement. Mehrotra comes to Wall Street from Walmart, where he led applied AI efforts at the retailer and managed a team of more than 400 data scientists. Related storyWhile at Walmart, Mehrotra was the vice president of applied AI, leading a team responsible for how AI was mixed into merchandising, including assortment, pricing, and inventory management. AdvertisementLike its peers, Blackstone is eager to take advantage of AI, which stands to shake up businesses across virtually all industries.

Persons: Blackstone, Prakhar Mehrotra, Mehrotra, Matthew Katz, Blackstone's, Franz Edelman, Katz, Deepali Vyas, Zac Maufe, Manoj Mahenthiran, Thomas H, Lee Organizations: Service, Walmart, Twitter, CalTech, Blackstone, Blackstone . Data Locations: Boston, Blackstone

☆ How Mark Zuckerberg is reimagining the classroom
▼ + stars: | 2024-04-15 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

Later this year, Meta will launch new software for educators that aims to make it easier to use its VR headsets in the classroom. The tools will let teachers manage and program multiple Quest headsets at once, give them access to a range of education-related apps and provide greater oversight and control of how students are using the devices. CNN reporter Clare Duffy interviews Meta President of Global Affairs Nick Clegg in virtual reality, using a Meta Quest 3 headset, alongside Meta spokespeople, on Wednesday, April 10, 2024. Questions about VR in the classroomThe cost to incorporate VR headsets in the classroom could be a hurdle to adoption for the many schools already struggling with limited resources. While cheaper than some other headsets on the market, Meta’s Quest 3 devices still start at $499 each.

Persons: Shakespeare, ”, Global Affairs Nick Clegg, Clegg, Vincent Quan, Abdul Latif Jameel, ” Quan, Clare Duffy, Meta spokespeople, ” Clegg, “ Organizations: New, New York CNN, Magic School, Meta, Globe Theatre, Global Affairs, VR, CNN, New Mexico University, Morehouse College, Quest Locations: New York, Ancient Rome, Meta, Manhattan, London, “

☆ Goldman Sachs CEO David Solomon breaks down how the AI obsession is creating a gold rush for the bank
▼ + stars: | 2024-04-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Artificial intelligence is on everyone's lips, and that's expected to translate into big bucks for Goldman Sachs, according to CEO David Solomon. He said the bank has been "advising clients on these topics and how to think about potential use cases in their operations." AI's impact on jobsSolomon also explained how, internally, AI could impact its own workforce. "We see enormous opportunities for productivity gains and also opportunities for efficiency," Solomon said, describing how the AI revolution could impact Goldman's human capital. Some firms like Deutsche Bank have been piloting test cases to evaluate the impact AI could have on junior bankers' workflows.

Persons: Goldman Sachs, David Solomon, Solomon, PwC, — Goldman, Goldman, JPMorgan Chase, Reed Alexander Organizations: Business, P Global, Intelligence, Deutsche Bank, Goldman, New York Times, JPMorgan, Global Locations: ralexander@businessinsider.com

☆ Accounting jobs are in high demand—many pay over $100,000 and can be done from home
▼ + stars: | 2024-04-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Many accountants resign due to inadequate pay and limited opportunities for career advancement, according to a recent report from The Institute of Management Accountants (IMA) and Robert Half, which surveyed over 1,200 current and former accounting and finance professionals. Britton says accountants leaving the field are often moving into jobs in finance and technology. To alleviate the talent shortage, more companies are increasing entry-level salaries for finance and accounting roles, offering referral bonuses and hiring temporary workers, the IMA and Robert Half report found. Many of these jobs offer remote or hybrid options, Robert Half found. Britton anticipates that the percentage of accounting jobs that are remote or hybrid will likely grow in the coming months as employers adjust their recruitment strategies to attract more talent.

Persons: Robert Half, Brandi Britton, Britton, they're, you've, Deloitte —, Julia Pollak, — Organizations: Wall Street, The Institute of Management Accountants, IMA, Public, BLS, Accountants, Bloomberg, Big, KPMG, PWC, EY, Deloitte, CNBC Locations: U.S, FlexJobs

☆ The best use of generative AI for office workers so far could be relieving a massive productivity drain: meeting overload
▼ + stars: | 2024-04-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Many workers say meeting overload can hurt their productivity. Microsoft's research suggests that using AI tools to chip away at meeting time could be the low-hanging fruit for some new adopters. Meetings summaries aren't the only way AI tools are helping workers save time. AdvertisementA Slack survey of over 10,000 global desk workers conducted in January found that 24% had tried using AI tools on the job. The learning curve that can come with AI tools is why some companies are providing employees with more training resources and encouraging them to experiment with these technologies.

Persons: —, they'd, Steven Rogelberg, Rogelberg, HubSpot Organizations: Service, Microsoft, Wakefield Research, Business, University of North Locations: North America, Europe, University of North Carolina, Charlotte

The "Big Four" accounting firms employ about 1.3 million people worldwide. Business Insider analyzed data to determine how much accountants and consultants are paid at these firms. AdvertisementThe so called "Big Four" accounting firms — Deloitte, PricewaterhouseCoopers (PwC), KPMG, and Ernst & Young (EY) — are known for paying their staff high salaries. Business Insider analyzed the US Office of Foreign Labor Certification's 2023 disclosure data for permanent and temporary foreign workers to find out what PwC, KPMG, EY, and Deloitte paid US-based employees for jobs ranging from entry-level to executive roles. AdvertisementHere's how much Deloitte, PwC, KPMG, and EY paid their hires.

Persons: —, Ernst, Young, EY Organizations: Service, Deloitte, PricewaterhouseCoopers, KPMG, Business, of Foreign Labor, EY, PwC

☆ How to drive bias out of AI without making mistakes of Google Gemini
▼ + stars: | 2024-03-27 | by ( Bob Violino | ) www.cnbc.com time to read: +3 min

In this photo illustration, a Gemini logo is seen displayed on a smartphone with a Google logo in the background. "However, depending on the data that Gen AI is trained on, the model learns and reflects that in its outputs," he said. Crucial to managing issues of potential bias in AI is to have clear processes in place and prioritize responsible AI from the beginning, said Joe Atkinson, chief products and technology officer at consulting firm PwC. "For example, a healthcare chatbot powered by generative AI can provide explanations for its diagnoses and treatment recommendations, helping patients understand the underlying factors and mitigating potential biases in medical advice." Diversity in AI development teams, dataCompanies also need to create diverse and inclusive development teams.

Persons: Siva Ganesan, Joe Atkinson, Atkinson, Ritu Jyoti, Jyoti, Ganesan Organizations: Google, Cloud, Tata Consultancy Services, International Data Corp

☆ A millennial who left her full-time job at PwC when her freelance side hustle took off shares the 3 ways to build a new business
▼ + stars: | 2024-03-26 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

When the pandemic hit, DeStefano-Tangorra joined the freelancing platform Upwork, pursuing technology and data analysis projects. Soon after, she left her corporate job to work full-time with clients on their data and intelligence strategy. "I decided, because my business started doing really well on the Upwork platform, that it was no longer a side business." Last year, there were 64 million Americans who freelanced for part or all of their income, making up 38% of the US workforce, per Upwork data. "I'm a salesperson, I'm a marketing person, I'm an accounting person, I'm a technology consultant."

Persons: —, Jacqueline DeStefano, Tangorra, DeStefano, OBIS, I'm Organizations: Service, Omni Business Intelligence Solutions, Business, BI Locations: PwC

☆ More startups are paying for ChatGPT as generative AI becomes a go-to tool for tech employees like engineers
▼ + stars: | 2024-03-26 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

65% of startups on Kruze Consulting's platform are paying for OpenAI, up from just 3% when the chatbot launched in late 2022. Back then, OpenAI had an API service that one to three percent of his clients were using, Jones told Insider in an interview. At fintech unicorn CloudWalk, which is building a payments network, a few engineers started using ChatGPT Plus on their own and praising the application on company Slack channels. Indeed, the growing adoption of ChatGPT is creating demand for engineers who are especially savvy at using generative AI to get work done more quickly. "The feedback we got, which is indirectly related to our using AI, is that investors didn't understand how our team has so many clients and has built so much," Siegal said.

Persons: Healy Jones, OpenAI, Jones, Luis Silva, Carlyle, Lauder, ChatGPT, Silva, We're, CloudWalk, he's, Anthropic, GitHub Copilot, Jared Siegal, Siegal, Copilot, Axel Springer Organizations: Kruze Consulting, OpenAI's, Business, OpenAI, Kruze, ChatGPT, eBay, Slack, ChatGPT Enterprise, Lauder Companies Locations: Brazil, Kruze, GitHub

☆ This company charges from $350 an hour to teach people how to behave at work
▼ + stars: | 2024-03-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAs more companies issue return-to-office mandates, it's opened up discussions around people lacking office etiquette — from what they eat in the office to how they converse with colleagues. Myka Meier runs US-based firm Beaumont Etiquette , which offers etiquette courses for companies and individuals to learn soft skills like communication, dining etiquette, and how to dress for work, among other things. Gen Z is struggling with communication skillsSome Gen Z workers are struggling with soft skills like communication. Advertisement"You have to educate yourself — all etiquette is, is being kind and respectful to other people and putting others first."

Persons: —, it's, Myka Meier, Meier, Gen Z, Longhua Liao, Zers, that's Organizations: Service, Business, Fortune, KPMG, Deloitte

☆ Biden’s 'billionaire tax' takes aim at the super-rich — but can a wealth tax work in reality?
▼ + stars: | 2024-03-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

This is about the wealthy contributing more ... the extremely wealthy contributing more and being proud to do that. "This is about the wealthy contributing more to the society, the extremely wealthy contributing more and being proud to do that," Phil White, retired business owner and Patriotic Millionaires co-signatory, told CNBC. But experts are divided over the effectiveness of a wealth tax, and its how achievable it is in reality. Data suggests that wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied. Data suggests that a wealth tax accounts for only a very small proportion of total tax revenues in the countries where it has been applied.

Persons: Joe Biden, Biden, Phil White, Abigail Disney, Brian Cox, Arun Advani, Advani, Christine Cairns, PwC, Tord Kolstad, Kolstad, Kolstad Eiendom Organizations: Patriotic, Patriotic Millionaires, CNBC, Scottish, University of Warwick Locations: Brazil, Europe, Switzerland, Norway, Spain, Colombia

☆ I bought my first house in rural Scotland at 22. Housing is affordable in the countryside and I love it here.
▼ + stars: | 2024-03-06 | by ( Gouri Sharma | ) www.businessinsider.com time to read: +6 min

She bought a house in the Scottish countryside after graduating from university in Glasgow. AdvertisementThis as-told-to essay is based on a conversation with Simran Kaur, a 22 year-old tax associate living in Kilmarnock, Scotland. Four years later, I've graduated, landed a good job at an internationally renowned firm and bought my first house here. So, I started looking into both my home and job options. AdvertisementI chose Kilmarnock because house prices are affordable, and it is easy to commute to work and reach my relatives.

Persons: Simran Kaur, Kaur, —, I've, Ernst, Young, PWC, I'd Organizations: PwC, Service, Glasgow University, Motherwell, Kilmarnock Locations: India, Scotland, Scottish, Glasgow, Kilmarnock, Punjab, North India, Prestwick, Loch Lomond

☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
▼ + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .

Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London

☆ A top investor in global brands from Airbnb to Snap says we need swift 'guardrails' to get countries on the same page about AI
▼ + stars: | 2024-02-20 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

The CEO of the VC firm General Catalyst told WSJ that international collaboration will be crucial. World leaders should "align on some core protocols" for AI development, he said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"Now there's this tension where no country wants to be left behind. So far, Russia has lagged behind China and the US in AI development.

Persons: Catalyst, —, Hemant Taneja, Taneja —, Taneja, Joe Biden, it's, Vladimir Putin Organizations: Service, Wall, publication's, US Commerce Department, European Locations: France, India, China, Russia

☆ Ireland Eases Repayment Terms on COVID-19 Deferred Business Taxes
▼ + stars: | 2024-02-05 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

DUBLIN (Reuters) - Ireland's finance minister said on Monday the country's tax office would not force firms to pay interest on taxes deferred during the COVID-19 pandemic and allow extra time to repay the debt once they keep on top of current liabilities. The government introduced the tax warehousing scheme in May 2020 and firms that had deferred liabilities that arose during one of Europe's toughest lockdown regimes had already been given extra time until May 2024 to enter into repayment arrangements. The tax office said that 5,265 taxpayers were responsible for the bulk of the warehoused debt – 1.5 billion euros – and that almost 70% of the firms with deferred debts owe less than 5,000 euros each. Business insolvencies in Ireland rose 32% year on year in 2023, but were still below pre-pandemic levels. Accounting firm PwC, which compiled the figures, expects a similar rise in 2024 and a return to the 20-year average of annual closures.

Persons: Michael McGrath, McGrath, Padraic Halpin, David Evans Organizations: DUBLIN, Reuters, Ireland's, insolvencies Locations: Ireland

☆ $78 billion tax package: Here's what's in the bipartisan deal
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email$78 billion tax package: Here's what's in the bipartisan dealJean Ross, Center for American progress senior fellow, Rohit Kumar, PwC Washington National Tax Services co-leader, joins 'Squawk Box' to discuss the $78 billion tax package, what's in the new bill, and more.

Persons: Jean Ross, Rohit Kumar, PwC Organizations: Center, PwC Washington National Tax Services Locations: PwC Washington

☆ EY is tracking staff office attendance with 'turnstile access' data, as some teams disregard RTO mandates
▼ + stars: | 2024-01-30 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewConsulting giant EY is keeping track of how often staff attend its offices through turnstile access data as some teams disregard its return to office policies in the UK, the Financial Times reported first. This story is available exclusively to Business Insider subscribers. One person told the FT that some partners are being shown data that connects office attendance to mid-year performance ratings. Similarly, JPMorgan required employees to return to its office three to five days a week, depending on seniority. EY declined to comment when contacted by Business Insider.

Persons: —, Kevin Ellis, PWC, EY Organizations: Service, Financial Times, Business, Partners, Citigroup, JPMorgan, Economic

☆ Activists are eyeing tech stocks ahead of expected M&A rebound after two-year lull
▼ + stars: | 2024-01-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investors are circling the tech market. An investment banker who advises tech companies told CNBC that his firm is warning clients of a changing environment. Rather than opening their wallets for acquisitions, companies were announcing mass layoffs and other cost cuts, acknowledging that they'd hired too aggressively during the Covid boom. Instead of growth subsidized by the capital markets, tech companies started focusing on operational efficiencies. Layoffs in the industry jumped about 60% last year, with almost 1,200 companies eliminating more than 262,000 jobs, according to the website Layoffs.fyi.

Persons: wasn't, they'd Organizations: CNBC

☆ Our CEO survey shows China remains the 'second choice' investment destination, PwC says
▼ + stars: | 2024-01-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur CEO survey shows China remains the 'second choice' investment destination, PwC saysRaymund Chao, Asia and China chairman of the professional services firm, says "that hasn't changed — U.S. has been the No. 1 and China has been No. 2 for over the last decade."

Persons: Raymund Chao Locations: China, Asia

☆ A manager earning $178,000 had her work-from-home request denied by a judge
▼ + stars: | 2024-01-23 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A judge ruled in favor of the FCA and agreed that remote work poses certain limitations. AdvertisementA senior manager at the Financial Conduct Authority in the UK had her requests to work from home full-time denied by a judge because of the "weaknesses" remote work poses. Elizabeth Wilson, a senior manager at the FCA earning a salary of £140,000 ($178,000) a year, sued the regulator after it rejected her request to work remotely full-time. His decision comes as other major companies roll back on remote work policies and enforce return-to-office mandates. The judge agreed with the FCA about the "weaknesses with remote working," and ruled that it was within its rights to deny her request.

Persons: —, Elizabeth Wilson, Robert Richter, Wilson Organizations: Financial, Authority, FCA, Service, Citigroup, Lloyds

☆ One of your red flags came up in a job interview—here's how to respond to it
▼ + stars: | 2024-01-23 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

Not unlike dating, it's crucial to know the red flags that could come up in a job interview that signal it's not a good fit. Just as it's important to know your red flags, though, you should also have an idea of how to respond to them if they come up during your conversations. Additionally, being part of my community outside of work is really important to me. I do a lot of volunteer work, and it's really important to me that I have time to volunteer in my community. 1 job interview question to ask to spot a red flag, from an HR pro

Persons: Teresa Freeman, Let's, Freeman, I'm, we've Organizations: Deloitte

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