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☆ Google workers fired for Israel contract protests claim terminations were illegal
▼ + stars: | 2024-05-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Google employees who were fired for protesting the company's work with Israel have gone to the NLRB. AdvertisementGoogle workers who were fired for protesting against the company's cloud contract with the Israeli government filed a complaint with the National Labor Relations Board on Monday. Last month, Google said that it fired 28 employees for staging in-office protests in New York City and Sunnyvale, California. But Google told BI last month that the company's work was not directed at highly sensitive or classified military projects relevant to weapons or intelligence services. AdvertisementThe ongoing dispute between Google and some of its employees highlights companies' tricky balance between their business interests and their workers' desire for self-expression.

Persons: —, Nimbus, Rob Munoz Organizations: Google, Service, National Labor Relations Board, Business, NLRB, BI, Amazon, Protesters, Washington Post, Nimbus, Post Locations: Israel, New York City, Sunnyvale , California, Gaza

☆ Google fired 28 employees for staging in-office protests against the company's contract with Israel
▼ + stars: | 2024-04-18 | by ( Ana Altchek | Meghan Morris | ) www.businessinsider.com time to read: +6 min

Nine Google employees were arrested after protesting the company's contract with Israel. AdvertisementA small group of Alphabet employees' long-simmering protests against the Google parent company's work with Israel ended with more than two dozen terminations on Wednesday. Google fired 28 employees who participated in office protests in New York and California on Tuesday, the company said on Wednesday. Last month, a Google employee protesting the contract was fired for disrupting a talk in New York by the company's head of Israel. Related storiesMore than 100 people, including Google workers, protested the project outside the company's New York office in 2022.

Persons: —, Israel, Santa Clara County, Chris Rackow, Nimbus, Dzanh Le, Speaks Le, Le, Hasan Ibraheem, Ibraheem Organizations: Google, Israel, Service, Amazon, New York . Police, New York Police Department, Tech, Apartheid, Hamas, BI, Sunnyvale Police, Bloomberg Locations: California, New York, Sunnyvale , California, New York City, Sunnyvale, Santa Clara, Israel, York, Google's New York City

☆ Tesla is laying off more than 10% of its workforce, memo shows
▼ + stars: | 2024-04-15 | by ( Grace Kay | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Tesla is reducing its workforce by more than 10%, per an internal memo seen by Business Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some Tesla employees lost access to their emails and Teams by Monday, two people with knowledge said. Related storiesBefore the layoffs, Tesla said it employed over 140,000 workers globally, including over 20,000 at its Fremont factory in California. Musk told staff in May that he must personally approve all new Tesla hires.

Persons: Tesla, —, Elon Musk, Musk, Tesla's Organizations: Business, Service, Bloomberg Locations: Berlin, Fremont, California, Buffalo , New York

☆ Germany should legalize abortion up to 12 weeks, a government commission recommends
▼ + stars: | 2024-04-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +4 min

Berlin CNN —Germany should overturn its 150-year old ban on abortions and make terminations legal within the first 12 weeks of pregnancy, a government-appointed panel of experts said on Monday. The procedure is de-criminalized up to 12 weeks of pregnancy, but anyone seeking a termination must attend a compulsory counselling session followed by a mandatory three-day waiting period. After 12 weeks, abortions are only allowed in exceptional circumstances, such as if the pregnancy or birth poses a risk to the mother’s physical or mental health. “(The commission’s) recommendations provide a good basis for the open and fact-based conversation that is now necessary,” German Minister for Family Affairs Lisa Paus said in a statement on Monday. The proposals from Prime Minister Donald Tusk’s party would legalize abortion up to 12 weeks, a move more in line with some Western European countries.

Persons: Liane Woerner, “, Lisa Paus, Karl Lauterbach, ”, Donald Tusk’s, Andrzej Duda, Roe, Wade Organizations: Berlin CNN —, Reproductive, Social Democratic Party, SPD, Greens, Free Democrats, University of Constance, German Federal Statistical Office, Christian Democratic Union, Central Committee, Bishops ’ Conference, Family, German, Law, Justice Locations: Berlin CNN — Germany, Germany, France

☆ Trump’s extreme rhetoric is a mainstay of his 2024 campaign. Much of it could become a reality if he wins another term
▼ + stars: | 2024-04-13 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +12 min

His pledge to direct Justice Department investigations is backed by allies who view his second term as driven by a maximalist theory of a president’s authority. But it also underscores why a second Trump term would be dramatically different. Some in Washington saw them as guardrails for a White House intent on fracturing not one, but all three branches of government. Yet Trump, should he secure a second term, would enter the White House with his most powerful Republican critics on Capitol Hill almost all gone. That would be a position that isn’t backed by his second term policy plans, or his private impulses during his first term in office – or, for that matter, in the decades prior.

Persons: Donald Trump, –, guardrails Trump, Jack Smith, Trump, ” Trump, Biden, ”, Joe Biden, he’s, He’s, Liz Cheney, Hillary Clinton, Clinton, John Kerry, John Bolton, It’s, Paul Ryan, Mitch McConnell, Ryan, ” McConnell, Mike Johnson, “, aren’t, Trump’s, – “, Hugh Hewitt, ” “, Charlie Rose, Rose, Larry King, Erin Burnett Organizations: CNN, Republican, Department, Capitol, Democrats, Trump, White, GOP, Joint Chiefs, Staff, Democratic, Trump’s Justice, Bolton, Congressional Republicans, Wisconsin Republican, Louisiana Republican, Mar, White House, Justice Department, CNBC Locations: Washington, Wisconsin, Louisiana

☆ Poland is debating an end to its near-total abortion ban, setting up a heated political fight
▼ + stars: | 2024-04-11 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Though fraught with obstacles, the decision to bring abortion back to the fore was one Tusk had to make. Donald Tusk leads a broad coalition which is divided on how to tackle the issue of abortion. Third Way lawmakers have also supported a referendum on changes to the abortion law, a potentially long-running saga that Tusk is eager to avoid. Poland’s near-total abortion banThe move by PiS to dramatically toughen already restrictive abortion laws in 2020 set off a heated fight in Polish politics whose ruptures are still closely felt. That effort was blocked by opposition lawmakers, many of whom now find themselves in Tusk’s coalition.

Persons: Donald Tusk’s, Tusk, Andrzej Duda, Lewica, Donald Tusk, Omar Marques, ” Izabela, PiS, liberalize, Szymon Holownia, Wojtek Radwanski, President Duda, Leszczyna, TVP, Duda, Tusk’s Organizations: CNN, European Union, Getty, Justice, Poland’s, Health, TVP, Ministry, Third, stoke Locations: Poland, Europe, Polish, Poland’s, Warsaw, AFP

☆ Leaked document shows Amazon expects to save $1.3 billion by slashing office vacancies and terminating leases early
▼ + stars: | 2024-03-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Read previewAmazon expects to save roughly $1.3 billion in coming years by radically reducing office vacancies, according to a person familiar with the matter and an internal document obtained by Business Insider. The company's office-vacancy rate of almost 34% results from slower growth and layoffs, the person familiar told BI. Related storiesIn an email to BI, Brad Glasser, a spokesperson for Amazon, said it's a normal business practice to review the company's real-estate portfolio. AdvertisementThe person familiar with the matter also noted that so-called "hibernations" can help reduce office costs for Amazon. Internally, Amazon is aware of how last year's RTO policy caused confusion and frustration among some employees, people familiar with the plans told BI.

Persons: —, Fitch, Brad Glasser, Glasser, Andy Jassy Organizations: Service, Business, Google, Amazon, Alexa

☆ Official Amazon HR document reveals a spike in employees put on PIPs during a time of record layoffs
▼ + stars: | 2024-03-20 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Layoffs vs. terminationsThe spike in PIPs coincided with 27,000 layoffs that Amazon announced between November 2022 and March 2023. "Managers, however, do not engage in performance management work eagerly. "To suggest we use our performance management process to drive any other outcome, such as reducing our employee base, is wrong," Callahan added in a statement. PIPs and quiet firingSome Amazon employees previously told BI that the company had put more people on PIPs as part of what they perceived as the quiet-firing push. Amazon had roughly 400,000 total corporate employees in that period, according to another internal document obtained by BI.

Persons: They're, aren't, Margaret Callahan, Callahan, Erik Gordon, David Ryder, cumulatively, Peter Cappelli, Cappelli, Amazon's, couldn't, Eugene Kim, Peter Capelli Organizations: Amazon, Business, Experience, Technology, BI, University of Michigan, Pivot Employees, University of Pennsylvania, Wharton's Center, Human Resources

☆ Wells Fargo has cleared 6 regulatory hurdles since Charlie Scharf took over as CEO in 2019. Here’s how shares reacted to each
▼ + stars: | 2024-03-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. Wells Fargo stock gained 59% for all of 2021 compared with the KWB's 36% rise. Jan. 5, 2021: During the same year, Wells Fargo announced that an OCC consent order from 2015 had been terminated. Wells Fargo shares plunged nearly 44% in 2020, which were the early days of the Covid pandemic. Wells Fargo bank signs in New Brighton, Minnesota.

Persons: Charlie Scharf, Wells, Morgan Stanley, they've, Scott Siefers, Piper Sandler, we're, Scharf, Wells Fargo, Jeff Marks, Marks, Jan, Jim Cramer's, Jim Cramer, Jim, Michael Siluk Organizations: Management, CNBC, Federal Reserve, Currency, JPMorgan Chase, Bank of America, KBW, Club, OCC, Wells, Financial Protection Bureau, Silicon Valley Bank, Wells Fargo, UCG, Getty Locations: Wells Fargo, Wells, Silicon, New Brighton , Minnesota

☆ I'm an employment lawyer. Here are the first 3 questions to ask HR if you're laid off or fired.
▼ + stars: | 2024-02-26 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

HR has three main objectives when conducting terminationsThere are three main objectives, from the HR professional's standpoint, when terminating somebody. But the more questions employees ask, the more it opens the company up to liability if HR or the supervisor doesn't answer the questions correctly. If you're an at-will employee, the company doesn't need to provide you with a reason you're being fired. The employment attorney can explain to you what you're signing because the agreements are often very hard to understand. If you're a former HR executive or professional who has insight into HR practices and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: Craig Levey, Levey, I've, They're, it's, they're, you've, Jane Zhang Organizations: Bennett, Belfort, Employees Locations: P.C, Cambridge , Massachusetts, janezhang@businessinsider.com

The tech sector is having a big 2024. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support tighter monetary policy for longer. It's a different story for tech workers, though. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to Layoffs.fyi, which tracks layoffs in the tech industry.

Persons: Jeff Shulman, There's, haven't, they've Organizations: Nvidia, University of Washington's Foster School of Business, Companies Locations: U.S

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ Former TikTok executive sues the company for alleged gender and age discrimination
▼ + stars: | 2024-02-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —A former TikTok senior executive is suing the company alleging that she experienced discrimination based on her age and gender during her three years working for the company. Puris also alleges the company inadequately responded after she says she reported having been sexually harassed at an event she attended for work. TikTok told Puris she had been fired for “performance reasons,” according to the complaint. Puris’ lawsuit is not the first time the social media giant has come under fire for alleged discrimination. “In addition, after Ms. Puris’ protected complaints, TikTok began minimizing her in the Company and important decisions affecting her team were made without her input,” the complaint states.

Persons: New York CNN —, Katie Puris, Puris, TikTok, ”, Puris “, “, Shou Chew, Chew Organizations: New, New York CNN, TikTok, Court, US, Employment, Commission, Black, CNN, Opportunity Commission, Facebook, Google, Company, Cannes Lion, Business Solutions Locations: New York, Southern, York, TikTok, United States, China

☆ Tech startup Jellysmack laid off staffers in the US and France last month. Read the memo its CEO sent to employees about the restructuring, which includes a focus on AI.
▼ + stars: | 2024-01-19 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The creator economy startup Jellysmack laid off staffers in the US and France last month, Business Insider has learned. Jellysmack works with creators on distributing their content across platforms like Facebook and Snapchat to earn additional ad revenue, among other initiatives. We have to realign our resources around areas of the business where Jellysmack is seeing the most success. We encourage everyone to support impacted employees by reaching out to your networks to help our colleagues find their next opportunities. Jellysmack Technologies - Led by Robin (interim), this unit will continue to develop self-serve tech solutions that solve the pain points of creators.

Persons: Jellysmack, Snapchat, Michael Philippe, Philippe, Michael Philippe ,, What's, Sean, Axel, , Robin, Michael, Swann Organizations: Business, Facebook, BI, CSE, Works, Our, Jellysmack, Network Media Locations: France, French

☆ How the Nigerian military fatally shot a young captive
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +19 min

The Nigerian government and military – including the presidency, Ministry of Defence, defence headquarters and army leaders – did not respond to detailed questions for this story. Various entities have accused Nigerian security forces of other abuses in connection with killings of civilians and captives. Two security force members told Reuters they saw multiple prisoners brought out of the barracks and shot after the fighting ceased. Tweets from Nigerian defence headquarters in Abuja show the military declared the hostilities over shortly after 11 a.m. Nine shots fired A uniformed security force member shot nine rounds at the young captive, pulling the trigger at least seven times, according to forensic audio experts who listened to the recording at Reuters’ request.

Persons: Melanie O’Brien, –, Ocampo, Christopher Musa, Musa, ” Musa, “, extrajudicially, Michael Oluoha Agi, ’ ”, ”, Boko, ‘ Allahu akbar ’, Yahaya, Haram, Biu, Bellingcat, Belllingcat, Chris Olukolade, Emmanuel Emeka, Emeka, Reade Levinson, David Lewis, Tim Cocks, Carlos Gonzales, Paul Carsten, Daphne Psaledakis, Stephanie van den Berg, Youri van, Adolfo Arranz, Sam Hart, Feilding, Julie Marquis, Alexandra Zavis Organizations: Reuters, International Association of, Nigerian, Ministry of Defence, ICC, Islamic, Human Rights Commission, United Nations, Twitter, Nigerian Army, Nigerian Air Force, Human Rights Watch, Amnesty International, U.S . State Department, U.S, Boko, Civilian, Task Force, Defence, Facebook, 231, Battalion, 331 Artillery Regiment Locations: Geneva, Nigeria, Haram, Islamic State West Africa Province, Nigerian, United States, Britain, U.S, Biu, Boko Haram, Abuja, Largema

☆ Planned Parenthood Must Face Trial Over Texas Medicaid Fraud Claims
▼ + stars: | 2023-10-23 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +5 min

At issue is billing by Planned Parenthood after Texas announced its decision to terminate the organization as a provider under its Medicaid insurance programs for low-income people. However, he did not rule on exactly how much it must return, or whether Planned Parenthood knowingly broke the law. Both Planned Parenthood and the office of Texas Attorney General Ken Paxton did not immediately respond to requests for comment. Planned Parenthood has said the videos were heavily edited and misleading, and denied wrongdoing. Planned Parenthood, as a leading abortion provider, has long drawn the ire of abortion opponents, who have called for cutting off its government funding.

Persons: Brendan Pierson, Nate Raymond, Matthew Kacsmaryk, Kacsmaryk, Ken Paxton, Paxton, Donald Trump, Roe, Wade, Will Dunham, Alexia Garamfalvi, Leslie Adler Organizations: Reuters, Republican, Texas, U.S, District, Supreme Locations: Texas, Amarillo, Louisiana, State, U.S, New York

☆ Role of women in society at stake in Polish election
▼ + stars: | 2023-10-10 | by ( Anna Wlodarczak-Semczuk | ) www.reuters.com time to read: +5 min

"PiS doesn't respect women," Magdalena Bojko, a 36-year-old office worker, said during an opposition rally this month. Some surveys show the mainstream opposition could form a majority government even if PiS is in first place. Activists say that's in part because women are scared of having children following a handful of cases when pregnant women died of sepsis in hospitals as doctors waited for the fetus' heart to stop beating. "Women in Poland are terrified." "The opposition says the biggest problem for women is the lack of access to abortion.

Persons: Kacper, Agata, Magdalena Bojko, PiS, Anna Materska, Antonina Lewandowska, Anna Giszczak, Karolina Kowalewska, Agnieszka Pikulicka, Justyna Pawlak, Christina Fincher Organizations: REUTERS, Rights, Law and Justice, Foundation, Civic Coalition, Reuters, Political, Warsaw University, Foundation for Women, Thomson Locations: Europe, Warsaw, Poland

During the coronavirus pandemic, states were prohibited from removing people from Medicaid in exchange for receiving enhanced federal funding. States have 14 months to finish their backlog of eligibility reviews, according to guidelines from the federal Centers for Medicare and Medicaid Services. Like in most states, many of those who lost Medicaid coverage in Arkansas were removed for procedural reasons, such as not returning renewal forms needed to verify their eligibility. People removed from Medicaid can regain coverage retroactively if they provide information proving their eligibility within 90 days. Arkansas' percentage decline in children covered by Medicaid ranks among the largest in the nation, Alker said.

Persons: ”, Joan Alker, Kristi Putnam, ” Putnam, Sarah Huckabee Sanders ’, Grant Tennille, “ It’s, ” Tennille, Tippi McCullough, ” McCullough, Joe Biden's, Alker, ___ Lieb Organizations: Republican, Georgetown University Center for Children, Medicare, Services, Arkansas Department of Human, Republican Gov, Arkansas Democratic, Medicaid, District of Columbia, Arkansas Locations: Arkansas, Jefferson City , Missouri

Overall, up to 300 employees may lose their positions in this round of layoffs across the bank, the sources added. Venkatakrishnan has been seeking to stabilize Barclays' investment banking franchise after a shakeup in the division's leadership in January led to an exodus of dozens of bankers. Barclays has also hired more than 30 investment bankers and promoted another 20 bankers in various positions since then. Barclays ranked 6th in LSEG's global investment banking league table for the first nine months of the year. Barclays warned in July that its profit margins were being squeezed by consumers repaying debt in the wake of high interest rates.

Persons: C.S, Venkatakrishnan, Morgan Stanley, Anirban Sen, Milana, Greg Roumeliotis, Nick Macfie 私 Organizations: Barclays Plc, Barclays, Goldman Sachs Group Inc Locations: San Francisco, New York

ISTANBUL (AP) — Turkey’s oldest film festival has been canceled amid controversy surrounding a politically sensitive documentary about the aftermath of a 2016 coup attempt. “Due to the mess created by their own hand,” the festival administration, artistic director and the entire artistic team were fired, he said. The documetary's director Nejla Demirci wrote on X Friday evening: “I am saddened to see, day by day, how negative attitudes have organized against a documentary film. Organizers had said they would remove “The Decree” from the film festival program. Festival director Ahmet Boyacioglu initially announced the film was removed from the national documentary category due to ongoing legal proceedings against one of the people featured.

Persons: Muhittin Bocek, ”, Fethullah Gulen, Gulen, “, Critics, terminations, Nejla Demirci, Ahmet Boyacioglu Organizations: —, Antalya, Orange, Turkish Culture and Tourism Ministry, Culture Ministry, Turkish, U.S, Wednesday Locations: ISTANBUL, Turkish Culture, Turkey, Antalya

X, formerly known as Twitter, sued Atlas Exploration in San Francisco Superior Court on Thursday in a complaint alleging breach of contract. X has faced an array of legal actions over unpaid rent and other invoices following Musk's $44 billion buyout last October. In one case, the owner of X's main office at 1355 Market Street in San Francisco sued X for more than $3.1 million in unpaid rent. Britain's Crown Estate, which manages the property portfolio belonging to the monarchy, in January filed claims against X over alleged unpaid rent on its London headquarters. The case is X Corp v Atlas Exploration Inc, San Francisco Superior Court, No.

Persons: Carlos Barria, Elon, X, Atlas, Kevin Hill, Hill, Jonathan Hawk, Mike Scarcella, Leigh Jones, Chris Reese Organizations: REUTERS, Elon Musk's X Corp, San, Twitter, Atlas Exploration, San Francisco Superior Court, Inc, X, X Corp, Exploration Inc, San Francisco Superior, Thomson Locations: San Francisco , California, U.S, San Francisco, San Francisco's, Britain's, London

☆ Justice Dept. Asks Supreme Court to Hear Abortion Pill Case
▼ + stars: | 2023-09-08 | by ( Abbie Vansickle | More About Abbie Vansickle | ) www.nytimes.com time to read: +1 min

The Justice Department asked the Supreme Court on Friday evening to hear a challenge to the availability of a commonly used abortion pill, raising the possibility that the justices will rule on the fate of the drug. The case centers on the Food and Drug Administration’s approval of the drug more than two decades ago and could have broader implications for the pharmaceutical industry, including the agency’s regulatory authority over other medications. The request came in response to a ruling by a federal appeals court last month that upheld the legality of the pill but imposed significant restrictions on its distribution. The decision by a three-judge panel of the U.S. Court of Appeals for the Fifth Circuit would prevent the drug from being sent through the mail or prescribed by telemedicine. For now, the pill remains available because the Supreme Court determined in April that access to the drug would remain unchanged until the appeals process finished.

Organizations: Department, Food, U.S ., Appeals, Fifth Locations: United States

☆ AllianceBernstein is using AI on everything from research to operations. Here's how it's helping the $704 billion asset manager save hundreds of thousands of dollars.
▼ + stars: | 2023-09-04 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how AB uses AI to get an edge, save analysts hours of work, and improve risk management. Seven years ago, the massive money manager AllianceBernstein set out on a mission to transform itself with AI and data science. The move would save AB hundreds of thousands of dollars and help its investors seek an edge with the $704 billion assets they manage. Chin lifted the hood on the asset manager's AI strategy and use cases. For instance, one signal compares regulatory filings for differences in company strategy or management.

Persons: AllianceBernstein, Andrew Chin, Chin, Larry Fink, terminations, It's Organizations: Wall Street, Vanguard, Fidelity Locations: BlackRock

☆ Inside Otter University: How Travis Kalanick's sales boot camp for young techies went off the rails
▼ + stars: | 2023-08-17 | by ( Meghan Morris | Darius Rafieyan | ) www.businessinsider.com time to read: +21 min

"It seemed like a cool, innovative new company," Lam said. Starting in early 2022, the company poured millions of dollars into an experimental sales boot camp called Otter University. She joined the company in 2020 as Otter's head of sales enablement and helped dream up the idea of a sales boot camp a year later. Two former OtterU employees said that Law and another Otter executive urged managers to join their teams for late-night drinks following team dinners. But the late nights and free-flowing alcohol struck some OtterU employees as inappropriate for the workplace, especially when managers had to deal with hungover teams the next day.

Persons: Brian Lam, messaged, Travis, Lam, Uber, It's, Kalanick, voraciously, they're, Otter, wasn't, salespeople, Cory Epstein, Phoebe Law, Law, people's, –, Kalanick's Uber, Otter's, Kate, Samul Beal, I'd, Beal, didn't, terminations, he'd, OtterU, I'm, grads, Salespeople, Guido Gabrielli, Keith Dunphy, Dunphy, Bram van Staalduinen, Phoebe Law's, Debra Glaser, Jen Zablotny, there's, Ordermark, Burger, Meghan, Darius Organizations: Texas, Otter, Storage Systems, Microsoft, Otter University, Law, Adobe, SAP, Houston, OtterU, hungover, NCR, Google, Brands, Houston Rockets Locations: Korean, Houston, Toronto, LA, Las Vegas, Miami, Seoul, South Korea, Houston ., OtterU, Otter, Canada

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