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☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Cooling job market no reason for panic yet, economists say: 'It's a slowdown, not a collapse'
▼ + stars: | 2023-11-03 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Brown | Afp | Getty ImagesThe job market continues to show signs of cooling, but alarm bells aren't ringing just yet, economists said. The unemployment rate rose to 3.9% in October, from 3.8% in September, the BLS said. "There's almost no exception in this report: Every indicator suggests a slowing, slackening labor market," she said. "The days of explosive growth are gone, as the labor market shifts into healthier and more sustainable territory," said Noah Yosif, lead labor economist at UKG, a payroll and shift management company. The rise in the unemployment rate may also just be a sign that the extremely hot labor market is loosening a bit, Bunker added.

Persons: Frederic J, Brown, Julia Pollak, Pollak, Noah Yosif, Aaron Terrazas, Terrazas, Andrew Hunter, Nick Bunker Organizations: Afp, Getty, U.S . Bureau of Labor Statistics, BLS, Workers, Finance, Union, Capital Economics Locations: Los Angeles, U.S

☆ Applying for too many jobs may keep you from getting hired. Avoid sending a ‘firehose of applications,’ economist warns
▼ + stars: | 2023-11-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

In this article ZIP Follow your favorite stocks CREATE FREE ACCOUNTFiladendron | E+ | Getty ImagesApplying to multiple job openings can increase your chances of landing a new gig. However, if you're thinking of sending out what one economist called a "firehose of applications" all at once and then just waiting for responses, think again. "The problem is that sometimes people take a college application approach to the job search," said Julia Pollak, chief economist at ZipRecruiter. 'Set a daily goal of a number of applications'There are more strategic ways to go about the job search and application process instead of applying to jobs on mass, according to experts. Julia Pollak chief economist at ZipRecruiter

Persons: Julia Pollak, Pollak, Nick Bunker, —, Gabrielle Davis Organizations: ZipRecruiter, Finance, Union, U.S . Department of Labor, ZipRecruiter Survey, New Locations: U.S

☆ Blackstone's Stephen Schwarzman says remote workers 'don't work as hard' and profit from working from home
▼ + stars: | 2023-10-25 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Stephen Schwarzman said remote workers "don't work as hard regardless of what they tell you." Schwarzman added that remote workers profit because they save on commuting and meals. AdvertisementAdvertisementBillionaire Stephen Schwarzman said on Tuesday that people benefited from remote work because they can save on commuting and meals while not having to work as hard. During Tuesday's panel discussion, Schwarzman said the prevalence of remote working could result in more vacant office buildings. AdvertisementAdvertisementSchwarzman, whose remarks were first reported by Bloomberg on Tuesday, isn't the only business executive who's criticized remote work.

Persons: Stephen Schwarzman, Schwarzman, —, Blackstone, who's, Jamie Dimon, Elon Musk, Musk Organizations: Blackstone, Saudi Arabia's Future Investment Initiative, Service, Bloomberg, JPMorgan, KPMG

Here's a rundown of some of the largest strikes taking place in the U.S. today. 75,000 Kaiser Permanente workers walk off the jobPolitical Cartoons View All 1199 ImagesIn the health care sector, a major strike kicked off this week — with some 75,000 Kaiser Permanente workers walking off the job Wednesday in multiple states. Doctors are also not participating in the strike, and Kaiser said it was bringing in thousands of temporary workers. After five months on the picket lines, the writers strike was declared over after their union approved a contract agreement with studios last week. During the staggered strikes, workers have also called for solidarity and a boycott of hotels in the Los Angeles area.

Persons: — It's, isn't, Johnnie Kallas, Michelle Gaskill, Hames, Kaiser —, Kaiser, Ford, Shawn Fain, Fain, —, Hilton —, walkouts Organizations: Cornell University’s Labor, Kaiser Permanente, Strikers, The Coalition, Kaiser Permanente Unions, Kaiser, UAW, United Auto Workers, General Motors, Stellantis, Associated Press, Ford, U.S, Hollywood, American Federation of Television, Radio Artists, Alliance, Television Producers, Marriott, United, Biltmore, —, Westin Bonaventure Hotel Locations: U.S, Hollywood, California , Colorado , Oregon, Washington, Virginia, The Oakland , California, Southern California, Los Angeles, Orange, Biltmore Los Angeles

☆ Frontier Airlines CEO says the pandemic made workers 'lazy' and less productive: 'People are still allowing people to work from home, all this silliness, right?'
▼ + stars: | 2023-09-15 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +6 min

Frontier Airlines CEO Barry Biffle criticized remote work, saying the pandemic made people lazy. Biffle joins a growing list of execs critical of remote work, including Elon Musk and David Solomon. Frontier Airlines CEO Barry Biffle criticized working from home while speaking at Morgan Stanley's Laguna Conference this week, saying the pandemic made people lazy and that workers have gotten less productive as a result. AdvertisementAdvertisement"This is not ideal for us, and it's not a new normal," Solomon said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs the debate over working from home continues, there have been conflicting conclusions from studies on whether remote work is conducive to productivity.

Persons: Barry Biffle, Biffle, Elon Musk, David Solomon, they're, We're, Biffle isn't, Elon, Tim Gurner, Alexandria Ocasio, COVID, Gurner, Goldman Sachs, it's, Solomon, Mark Zuckerberg, Meta, Zuckerberg, Brian Chesky, Airbnb, Prithwiraj Choudhury Organizations: Frontier, Elon, Service, America . Frontier Airlines, Morgan, Laguna Conference, Frontier Airlines, Meta, Apple, Google, CNBC, Millionaire, Bloomberg, Engineers, Harvard Business School, Companies, Street Journal, Research Locations: Wall, Silicon, America, Cortez, Australia, Airbnbs, India

☆ Blind and other anonymous forums are 'places of pure misery,' says Redfin's CEO – but also let workers 'speak truth to power'
▼ + stars: | 2023-07-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The CEO of real estate brokerage Redfin said anonymous forums are "places of pure misery." "Anonymity lets us slander one another without consequences, but it's also the only way to speak truth to power," Kelman said. "That led us to think there's a need for a third-party forum where people have the freedom to talk honestly about work," Kim said. "I was living there for six months and met with Amazon employees and signed them up in person – that's how we started flying." He also hosted parties and barbecues and invited Amazon workers so Blind could get more signups through word-of-mouth.

Persons: Redfin, Glenn Kelman, they're, Kyum Kim, it's, Kelman, Kim, Andrew Bosworth, Christian Charisius, Redfin didn't Organizations: Service, Meta, Twitter, Microsoft, Google, Korean, Amazon Locations: Wall, Silicon, Korea, California, Seattle

☆ Avoid these 10 confusing phrases at work that 'can make you sound desperate,' say language experts
▼ + stars: | 2023-06-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Millennials use workplace jargon the most, while Gen Zers are the most annoyed by it. But, Wilson warns, using too much jargon "can make you sound desperate to belong." Office jargon doesn't just confuse the people you want to impress — it can also exclude or even offend them in some cases. Amidst the office jargon, there are also phrases with culturally insensitive undertones like "low on the totem poll," McCaskill points out. You might not be able to avoid jargon completely, but deferring to simple, clear language — and limiting how often you're using corporate colloquialisms — is the easiest way to sound smarter at work, McCaskill says.

Persons: Andrew McCaskill, Gen Zers, Hope Wilson, Wilson, —, Duolingo, McCaskill Organizations: LinkedIn, Ducks, Harvard Locations: United States, Australia, Japan, United Kingdom, U.S

☆ Harvard-trained neuroscientist: Avoid these 3 types of toxic co-workers 'at all costs'
▼ + stars: | 2023-06-19 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

At work, toxic bosses, co-workers or clients can drive your brain into a stressed-out state, hurting your productivity and eroding your confidence, says Juliette Han, a Harvard-trained neuroscientist. "Toxic behavior isn't limited to people who are intentionally hurtful or lashing out at you," she adds. "People who gravitate towards drama or have a bad attitude about work can be just as bad for you." The more time you spend with someone who is constantly worried about falling short or getting fired, Han warns, the more at-risk you are for absorbing their toxic behavior. How to handle it: It's important to remember that your co-worker's victimhood mindset has nothing to do with you, Han says.

Persons: Juliette Han, Han, stirrers, weren't Organizations: Harvard, Columbia Business School, Harvard Medical School

☆ West Coast ports shut down as union workers 'no show' after breakdown in wage negotiations
▼ + stars: | 2023-06-02 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

West Coast ports are shutting down as union workers "no show" after a breakdown in negotiations with port management. A source close to the situation told CNBC the port shutdowns are expected to spread across the West Coast as a result of lack of sufficient labor as workers protest over wage negotiations in contract talks with port management. Two of the Oakland port marine terminals — SSA, its largest, and TraPac — were closed as of the morning shift on Friday, said Robert Bernardo, spokesman for the Port of Oakland. The stoppages come at a time when activity at West Coast ports had picked up again after losing volume to the East Coast ports due to concerns about the volatile labor situation. At the Port of Oakland, total container volume increased for two consecutive months, with port officials optimistic about the upswing.

Persons: TraPac, Robert Bernardo, Bryan Brandes, Peter Friedmann Organizations: CNBC, SSA, Port, Fenix Marine, Oakland Maritime, Agriculture Transportation Coalition Locations: Coast, Port, Oakland, West, Port of Oakland, Los Angeles, Port of Hueneme, West Coast, East, South Korea, China

☆ A tech CEO who's rolling out AI across his company says it will give workers 'superpowers' because it's 'crazy powerful'
▼ + stars: | 2023-04-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Job van der Voort, CEO of HR-tech company Remote, says AI will give workers "superpowers." Van der Voort said he thinks AI won't replace workers but will instead transform their jobs. AI "gives you superpowers," van der Voort said. AI "is going to transform every single business going forward, I think without any exception," van der Voort said. But rather than replacing people's jobs completely, van der Voort said said that AI would instead cause a redeployment of the workforce.

☆ Twitter loses another top exec who says workers 'had it good at Twitter 1.0,' in an apparent jab at Elon Musk's plans for the company
▼ + stars: | 2022-11-21 | by ( Kate Duffy | ) www.businessinsider.com time to read: +2 min

Twitter's head of US content partnerships announced she had left Elon Musk's platform. Sarah Rosen tweeted about her departure, writing "we had it good at Twitter 1.0." Per reports, Twitter also recently lost its head of ad sales, as well as its VP of partnerships. Her departure follows those of other executives who have left Twitter within the past few days. Maggie McLean Suniewick, vice president of partnerships, tweeted on Sunday about her departure from Twitter after having joined four months ago.

☆ A man armed with a knife was arrested at a Wisconsin polling place after he demanded election workers 'stop the voting,' local police said
▼ + stars: | 2022-11-08 | by ( Jake Epstein | ) www.businessinsider.com time to read: +2 min

A man armed with a knife demanded election workers in Wisconsin "stop the voting," police said. Workers at a polling station in West Bend called police, who said arrested a 38-year-old man. No one was hurt and there isn't any other threat against the polling place, police added. The library is a polling location for West Bend, a city of over 30,000 people north of Milwaukee in the southeast part of the state. "All library staff, election officials, and citizens are safe and the polling site is re-opened," West Bend police said, adding that they "would like to thank the library staff for taking quick action and voters who waited patiently to vote."

☆ Biden says coal plants will be replaced by cheaper solar and wind power. Joe Manchin says he owes coal workers 'an immediate and public apology.'
▼ + stars: | 2022-11-07 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The US will be replacing coal plants across the country, President Biden said last Friday. "No one is building new coal plants because they can't rely on it," he said. Nearly one-third of the country's coal plants have been shut down since 2008. While President Biden is unlikely to use his authority to directly shut down US coal plants, legislation like the IRA undoubtedly lays the groundwork for a shift away from the industry moving forward. Even before oil and gas prices surged earlier this year, solar and wind energy was already cheaper to produce.

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