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The idea involves slashing the corporate bureaucracy, giving employees more control, and, hopefully, as a result, allowing the company to innovate efficiently. This story is available exclusively to Business Insider subscribers. "We hire highly educated, trained people, and then we put them in these environments with rules and procedures and eight layers of hierarchy," Anderson said in an interview with Business Insider earlier this year. In a traditional corporate setting, the organizational chart flows upward: Lower-level employees have managers, those managers have managers, and so on until the top of the chain. In comes a key part of Anderson's proposal: Cut a big chunk of the middle managers and let employees choose the projects they want to pursue.
Persons: , Alka, Seltzer, Claritin, Bill Anderson, Anderson, It's, That's, Bayer, Nicholas Bloom, Bloom, — Bloom Organizations: Service, Bayer, Business, Street Journal, Monsanto, Stanford University, American Economic Locations: New Jersey
The Levi Strauss & Co. label is seen on jeans in a store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. Check out the companies making the biggest moves before the bell:Levi Strauss — The apparel retailer fell 7.7% after slashing its profit outlook for the year postmarket Thursday. Levi now expects adjusted earnings per share of $1.10 to $1.20 for the year, down from $1.30 to $1.40 previously. Alibaba — U.S. listed shares of the Chinese ecommerce retailer gained about 3% before the opening bell. First Solar - Shares added 1.7% after the solar company secured a five-year revolving credit and guarantee facility worth $1 billion.
Persons: Levi Strauss, Levi, Alibaba, Ant, Wanxiang, JPMorgan Chase, Tesla, Twitter, , Jesse Pound, Sarah Min Organizations: Woodbury, and Drug Administration, Medicare, Reuters, Ant Group, JPMorgan, Bloom, Bloom Energy, RBC Capital Markets, Costco —, Costco, Meta Locations: Central Valley , New York, U.S, Alibaba —, China, Shanghai
Remote jobs are vanishing. As of November 2022, remote jobs made up less than 14% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. The remote job market might be shrinking, but there is a silver lining for the millions of workers craving flexibility: Though some remote jobs will disappear, others will continue to be in demand for a long time. The remote jobs that 'might not exist' in five yearsCompanies are hiring fewer people for remote roles in the U.S. that can be outsourced to cheaper workers overseas or replaced with AI, says Bloom. Other remote jobs that "might not exist in five years" are in industries that prioritize office culture and see remote work as "less optimal, less productive," says Rachel Sederberg, a senior economist and research manager at the labor analytics firm Lightcast.
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