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☆ Rivian employees have to wait overnight to hear if they're being laid off. HR experts say the tactic has few benefits.
  + stars: | 2024-02-22 | by ( Shubhangi Goel | Sawdah Bhaimiya | ) www.businessinsider.com   time to read: +5 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementKeeping the attention focusedOne HR professional told Business Insider that the staggered announcements might be the company's way of keeping its attention focused. "The benefit is the next day the entire focus of communication and support is dedicated to the separating employees," Varelas told BI. Drawbacks to making employees wait overnight to hear if they've been laid offHowever, it is a less than ideal way to conduct layoffs because it worries both retained and separated employees, Varelas said.
Persons: —, RJ Scaringe, Elaine Varelas, Varelas, Rob Smedley, Freeths, Smedley, they'd, they've, Gearalt Fahy, Womble Bond Dickinson, Fahy, Michael Doolin, Dooley, Rivian Organizations: Service, Business, Keystone Partners, Google, Clover Locations: Southern California
☆ Electric Vans, Delayed by Production Problems, Find Eager Buyers
  + stars: | 2023-05-16 | by ( Neal E. Boudette | ) www.nytimes.com   time to read: +1 min
A few minutes of number crunching showed he was spending about $110 to $140 a week on fuel for each of the four older, diesel Transits in his fleet. Then he worked out how much electricity he was using to charge the electric model to drive the same distance — about 300 miles a week. It makes it really, really cheap to operate.”In the auto industry’s transition to electric vehicles, passenger vehicles have led the way. Tesla remains the largest seller by far, while General Motors, Ford Motor, Hyundai, Volkswagen and others are selling multiple electric models. sales total in the U.S. market to top one million this year for the first time.
☆ Guggenheim's Brian Smedley: Here's what to expect from the next Fed meeting
  + stars: | 2023-05-02 | 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 EmailGuggenheim's Brian Smedley: Here's what to expect from the next Fed meetingBrian Smedley, chief economist and head of macroeconomic and investment research at Guggenheim Investments, joins 'Power Lunch' to discuss the Fed's upcoming rate decision, the Fed's quantitative tightening plan, and ongoing funding strain in regional banks.
☆ Amazon lays off more than 100 employees in its video games division: Read the memo here
  + stars: | 2023-04-04 | by ( Annie Palmer | ) www.cnbc.com   time to read: +2 min
Amazon is laying off roughly 100 employees across its video games division, an executive overseeing the unit wrote in a memo to staffers on Tuesday. Amazon's video games division has also experienced some turnover among its top ranks. Mike Frazzini, who helped launch Amazon's game studios, stepped down last March. And in January, John Smedley, who headed up Amazon Games' San Diego studio, exited the company. A spokesperson for Amazon confirmed the layoffs and the existence of the memo but declined further comment.
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