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I had never visited San Francisco and arrived without a place to live. Once I got my bearings in San Francisco, I would start chasing after the dream job for which I uprooted my life. The perks were as good as advertised, and Google met my expectations of a dream job. I had moved across the country for my dream job, so I wouldn't let a four-hour daily commute stop me now. It started by uprooting my life and commuting four hours a day for my dream job at Google, and it was totally worth it.
Persons: , Mike Manalac, It's, Vince Vaughn, Owen Wilson, San Francisco I, Tesla, I'd, don't, Lauryn Haas Organizations: Service, Google, CPA, Business, Walmart's, Silicon, Baltimore, Facebook, Fortune, Big Tech, Amazon Prime, LinkedIn, Sunnyvale, San, lhaas Locations: Chicago, CohnReznick, Baltimore, PwC, San Francisco, Sunnyvale , California, Silicon Valley, San, San Bruno, Sunnyvale, East Coast , West Coast, Midwest
Read previewGoogle is testing a new security system that uses facial-recognition technology at its campus in Kirkland, Washington — and early reaction from Google employees in the US is mixed. The interior security cameras collect facial data and are designed to help prevent unauthorized individuals from entering Google's campus, the company said. Google said its security team uses the data to identify people who may pose a security risk. After news of the system was first reported by CNBC, Business Insider talked to Google employees at various campuses to find out what they thought about the change. A Google spokesperson said there were no known plans in place to use the security system for attendance tracking.
Persons: , Kirkland , Washington —, Kirkland, it's, they've, Chris Rackow Organizations: Service, Google, Business, CNBC, Kirkland, Google's, Amazon, National Labor Relations Board, YouTube Locations: Kirkland , Washington, Google's, Kirkland, New York, San Francisco, Google's New York, Sunnyvale, San Bruno , California, Mountain View , California
Google is testing facial recognition technology for office security "to help prevent unauthorized individuals from gaining access to our campuses," according to a description of the program that was viewed by CNBC. The initial test is taking place at one of Alphabet's sites in Kirkland, Washington, a Seattle suburb, the document says. At the Kirkland testing site, people entering the building will not be able to opt out of the facial screening. However, the document says the data is "strictly for immediate use and not stored," and that employees can opt out of having their ID images stored by filling out a form. The Kirkland test lands at a sensitive moment for Google, which is at the center of the artificial intelligence boom and is rapidly adding AI across its portfolio of products and services.
Persons: Kirkland Organizations: Google, CNBC, Google's, Resilience Services Locations: Kirkland , Washington, Seattle, Kirkland, San Bruno , California
Then Apple’s “By the Seaside” alarm sound went off. Moktan chose the jaunty, cheerful tune available as a ringtone and alarm on many of Apple’s devices, thinking that the song’s easygoing melody would make waking up a peaceful experience. Gyaltsen Moktan, a 26-year-old English teacher in Tokyo, says that "By the Seaside" reminds him of horror movie music. Courtesy Gyaltsen Moktan“By the Seaside” is perhaps Apple’s most polarizing alarm and ringtone, evoking comparisons to nails on a chalkboard, the word “moist” and screaming children on a plane. Boston Flake, a 15-year-old high school student in Utah, is in a love-hate relationship with the controversial alarm tune.
Persons: Gyaltsen Moktan, Moktan, , Gyaltsen, Carlos Xavier Rodriguez, Levi Hutchins, Antoine Redier, Seth Thomas, Boston, I’ll, ” Apple, Rodriguez, There’s, Rodrigo, Adele, Ryan Meadows, Krystal Roxas, Roxas, , ” Moktan, Bill Withers, Grover Washington, Jr’s “ Organizations: New, New York CNN, YouTube, University of Michigan School of Music, Theatre & Dance, Boston, Showbiz, CNN Locations: New York, Tokyo, Japan, , knocker, Britain, United States, Concord , New Hampshire, French, Utah, San Bruno , California
Wells Fargo Why we own it : We bought Wells Fargo as a turnaround story under CEO Charlie Scharf. In addition, the bank's net interest margin came up short, and therefore net interest income. However, bank interest income estimates depend on interest rates, a factor Wells can't control. Net interest income fell 17% year over year as deposits declined due to customers reallocating cash into higher-yielding securities. Non-interest income increased 9% thanks to higher asset-based fees driven by an increase in market valuations.
Persons: Wells, Charlie Scharf, He's, Scharf, Charles Scharf, Wells Fargo, it's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Federal Deposit Insurance Corporation, Silicon Valley Bank, Bank of America, Citigroup, Management, Consumer, Auto, Corporate, Wealth, CNBC Locations: Silicon, Wells Fargo, U.S, That's, Wells, San Bruno , California
What’s open and closed on Veterans Day 2023
  + stars: | 2023-11-10 | by ( Ramishah Maruf | ) edition.cnn.com   time to read: +2 min
New York CNN —Veterans Day honors active and former US service members. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be open and closed on Veterans Day 2023 and the day on which some will observe it. On Friday, the day before Veterans Day, FedEx will operate as normal except for modified service for FedEx Express and FedEx Ground Economy. On Saturday, FedEx will close FedEx Ground, FedEx Ground Economy and FedEx Freight.
Persons: JPMorgan Chase, Wells, Justin Sullivan, Mario Anzuoni, Joe Raedle Organizations: New, New York CNN, Veterans, Banking Federal, Governors, Bank of America, Saturday, JPMorgan, Bank, Citibank, The New York Stock Exchange, Nasdaq, Veterans Day, FedEx, FedEx Express, Economy, FedEx Freight, United States Postal Service, Reuters Government, Miami - Dade Public Library, Getty, Target, Walmart, Kroger Locations: New York, Wells Fargo, San Bruno , California, , Miami, Miami , Florida
Suzanne Somers, the effervescent blonde actor known for playing Chrissy Snow on the television show “Three’s Company” and who became an entrepreneur and New York Times best-selling author, has died. Somers faced some backlash for her reliance on what she’s described as a chemical-free and organic lifestyle to combat the cancers. On “Three’s Company,” she was the ditzy blonde opposite John Ritter and Joyce DeWitt in the roommate comedy. “The show’s response was, ‘Who do you think you are?’” Somers told People in 2020. Somers did reconcile with Ritter before his death, and then with DeWitt on her online talk show.
Persons: Suzanne Somers, Chrissy Snow, , Somers, Couri Hay, Alan Hamel, Bruce, , , Oprah Winfrey, she’d, Bruce Somers, Hamel, Steve McQueen, “ Bullitt, George Lucas’s, Richard Dreyfuss’s, Lucas, ” Somers, John Ritter, Joyce DeWitt, would’ve, Ritter, ‘ John Ritter, DeWitt, ” Hamel Organizations: New York Times, American Cancer Society, Thunderbird, Rockford, “ Three’s, ABC, CBS News, People Magazine Locations: Palm Springs , California, San Bruno , California, , Vegas
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023. Wells Fargo on Friday surpassed Wall Street expectations in third-quarter earnings and revenue as the benefit from higher interest rates offset slowing lending activity. Wells Fargo posted an earnings per share of $1.48 in the quarter, or $1.39 excluding discrete tax benefits. Net income rose to $5.77 billion in the three months ended Sept. 30 from $3.59 billion a year earlier, driven by an 8% increase in net interest income. Wells Fargo said provision for credit losses in the quarter included a $333 million increase in the allowance for credit losses for commercial real estate office loans and higher credit card loan balances.
Persons: Wells Fargo, Wells, Charlie Scharf, " Scharf Organizations: Wells, Revenue Locations: San Bruno , California, Wells Fargo, LSEG
Bottom line Wells Fargo's quarterly revenue outpaced expectations on the back of better-than-expected results for both net interest income (NII) and non-interest income. Middle-market banking revenue increased 23% year-over-year, as higher interest rates and loan balances were only partially offset by lower deposits. Asset-based lending and leasing revenue was up 3% annually, a result of loan growth and increased revenue from renewable energy investments. Total banking revenues increased 20% year-over-year, a result of higher rates and lending revenues, along with "higher investment banking revenue on increased activity across all products." Commercial real estate revenue increased 14% year-over-year, due to higher rates and revenue growth in the firm's low-income housing business.
Persons: Wells, Wells Fargo, we've, Charlie Scharf, Wall, Scharf, NII, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Basel III, Management, Consumer, Auto, CNBC, Wells Fargo Bank Locations: Wells Fargo, Basel, U.S, San Bruno , California
A customer uses an ATM at a Wells Fargo Bank in San Bruno, California, on April 14, 2023. Cintas — Shares fell 5.3% after the company reported its 2024 fiscal first-quarter earnings. Cintas raised its full-year guidance but the lower end of its EPS and revenue predictions came in below analysts' estimates. United Natural Foods — Shares sank 27.4% Tuesday after United Natural Foods forecast earnings per share and adjusted EBITDA in the coming year below analysts' estimates, citing profitability headwinds. Shares of Wells Fargo and Goldman Sachs declined 2.2% and 1.5%, respectively, while Morgan Stanley and JPMorgan both lost about 1%.
Persons: Cintas, Pinterest, Goldman Sachs, Jamie Dimon, Morgan Stanley, CNBC's Hakyung Kim, Alex Harring, Brian Evans, Samantha Subin, Yun Li Organizations: Wells Fargo Bank, HSBC, United, Bank of America, JPMorgan, Goldman Sachs — Bank, JPMorgan Chase, Reserve, Wells, Goldman, Liberty Media, Barclays — U.S, Barclays, Federal Trade Commission, Amazon Locations: Wells Fargo, San Bruno , California
Understandable because this year's stress tests came against a backdrop of uncertainty for the sector. The stress tests Starting in the aftermath of the 2007-2009 Great Financial Crisis, bank stress tests were designed as a tool to ensure that so-called too-big-to-fail institutions could endure a similar calamity. WFC MS YTD mountain Wells Fargo vs. Morgan Stanley YTD performance It's worth noting that Wells Fargo is in a unique situation compared to its rivals. He added that the "stress tests only really address a macro environment where rates decline during a crisis. A sign is posted in front of a Wells Fargo Bank on April 14, 2023 in San Bruno, California.
Persons: Morgan Stanley, Nicholas Colas, Wells Fargo, Doug Butler, Wells, Colas, Chris Kotowski, Oppenheimer, Banks, Kotowski, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Silicon Valley Bank, Bank, Research, CNBC, Fed, JPMorgan, Bank of America, Rockland Trust, Citi, Equity, WFC, Wall, Wells Fargo Bank Locations: U.S, Silicon, Wells, Rockland, Wells Fargo, San Bruno , California
Sylvia Duran Chen was shocked to be laid off from her YouTube job at Google after almost nine years. The job perks and mission mattered to her, and she'd felt proud to have been chosen by Google. This as-told-to essay is based on a conversation with Sylvia Duren Chen, a 39-year-old former Google/ YouTube employee from San Diego, California. Although I had a successful career before Google, with stints at Nike and McKinsey & Company, landing at Google felt like winning the lottery. I talked about being laid off by Google and the raw insecurities it laid bare.
Persons: Sylvia Duran Chen, she'd, Sylvia Duren Chen, It's, I'd, that'll, I'm, Susan Wojcicki Organizations: Google, Morning, YouTube, Cornell University, Columbia Law School, Nike, McKinsey & Company, YouTube Mexico Locations: San Diego , California, San Bruno , California, Mexico, There's
Mass is part of a growing wave of multiracial support for Black American reparations – with many Jewish and Japanese organizations among them. It’s just human beings.”Amy Iwasaki Mass reads her 1981 testimony in favor of redress for Japanese Americans held in internment camps during World War II. “But I do think Japanese Americans as a group do understand what it’s like to be excluded on the basis of race.”Acknowledging the cost of historyPassage of the Civil Liberties Act of 1988 gave affected Japanese Americans the $20,000 payment and a formal letter of apology from President Ronald Reagan. Tamaki and Simon agree that arguments against reparations fail to acknowledge the cost of being part of a society. That’s called being a citizen.”Tamaki agrees that the work to repair the damage done to Black Americans is expensive and arduous, but it must begin at some point.
Persons: Amy Iwasaki, “ It’s, Stephanie Elam, San Francisco –, Don Tamaki, ” Tamaki, Ronald Reagan, Mass, , Tamaki, , Don Tamaki's, Don Tamaki Tamaki, there’s, ” Tamaki mused, San Francisco, Timothy Alan Simon, ” Simon, Franciscan Timothy Alan Simon, San Francisco's, CNN “, , Simon, ’ …, That’s, it’s Organizations: CNN, Black, California –, Force, Civil, University of California, Topaz, , Franciscan, California African American Chamber of Commerce, American Locations: Japan, Pearl, California, San, Heart Mountain , Wyoming, Wyoming, San Francisco Bay, Berkeley, Tanforan, San Bruno , California, Apt, Utah, Northern California, San Francisco, Franciscan, Francisco, Bay, state’s, America
The cost-cutting measures have caused some tech firms to cut back on employee perks. Here are some of the best office perks that employees have enjoyed in recent years. Big Tech companies such as Google and Meta have tried to cut costs by dropping perks and restricting work travel. From lavish lunches to on-site pampering, here are eight of the most indulgent company perks tech workers have received over the years. Google staff could enjoy on-site massagesGoogle is known for having on-site gyms and masseuses on some of its campuses.
YouTube CEO Susan Wojcicki says she's stepping down
  + stars: | 2023-02-16 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +2 min
YouTube CEO Susan Wojcicki speaks during the opening keynote address at the Google I/O 2017 Conference at Shoreline Amphitheater on May 17, 2017 in Mountain View, California. YouTube CEO Susan Wojcicki said Thursday that she's stepping down. Wojcicki, 54, joined YouTube as the CEO in 2014. Wojcicki said she agreed with Alphabet CEO Sundar Pichai to, in the longer term, take on an advisory role across Google and Alphabet. "When I joined YouTube nine years ago, one of my first priorities was bringing in an incredible leadership team."
Walmart is closing three tech hubs in the US, a company spokesman confirmed to Insider. The tech hubs are located in Carlsbad, California; Portland, Oregon; and Austin, Texas. Workers at those hubs will either have to relocate to a different hub or leave the company entirely. Walmart currently has 16 tech hubs that span across the globe, according to the company's website. Are you a Walmart employee who works in one of the three tech hubs that are set to close?
Walmart to close three tech hubs - WSJ
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +1 min
Feb 13 (Reuters) - Walmart Inc (WMT.N) plans to close three of its U.S. technology hubs and has asked hundreds of workers to relocate to keep their jobs, the Wall Street Journal reported on Monday citing an internal memo. The big-box retailer will close offices that house technology staff in Austin, Texas; Carlsbad, California; and Portland, Oregon, the report said, citing the memo from technology chief Suresh Kumar. The WSJ report added Walmart will pay for workers in the locations to transfer to other primary offices such as San Bruno, California, or the company's headquarters in Bentonville, Arkansas. Walmart did not immediately respond to a Reuters request for comment. Reporting by Granth Vanaik in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Walmart to close three U.S. tech hubs, relocate staff
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +2 min
Feb 13 (Reuters) - Walmart Inc (WMT.N) will close three of its U.S. technology hubs, asking hundreds of workers to relocate to keep their jobs, a company spokesperson told Reuters on Monday. Nearly all technology employees across the company would be expected to work in their offices for at least two days a week, added Robert Munroe, Walmart's director of global communications. The big-box retailer would close offices that housed technology staff in Austin, Texas, in Carlsbad, California and in Portland, Oregon, Munroe said. The operations would move to hubs including one in San Bruno, California or the company's headquarters in Bentonville, Arkansas, he said, citing a memo sent last week by Walmart's global technology head, Suresh Kumar. The company currently has 11 tech hubs in the U.S. and six abroad, according to its website.
Google laid off 31 massage therapists in California, according to state filings. The massage therapists were among the 12,000 employees Google let go last Friday. Out of the 12,000 employees Google let go last Friday, 31 of them were massage therapists based in California, according to WARN (Worker Adjustment and Retraining Notification) notices that Google filed with California on January 20. Twenty-seven massage therapists were let go from Google's Mountain View office, the filings show. Google, which is known for its generous staff perks, gave employees free massages based on their performance.
Google headquarters is seen in Mountain View, California, United States on September 26, 2022. (Photo by Tayfun Coskun/Anadolu Agency via Getty Images)Google eliminated over 1,800 jobs in its home state California as part of the biggest round of layoffs in company history. Some 1,436 jobs were cut in Mountain View, where Google is based, while 119 were in San Bruno, home to YouTube. The cuts also included 27 in-house massage therapists, with 24 in Mountain View and three in the Southern California markets of Los Angeles and Irvine. There were 60 cuts in Irvine.
A San Francisco State University wrestler is missing after jumping into Esplanade Beach for a "polar plunge," friends and authorities said. San Francisco StateThe two other men were able to get out of the water and called 911 for help. The U.S. Coast Guard, California Highway Patrol's air unit, the San Bruno Police Department, and California State Parks Ocean Life Guards were also called in to assist. Friends told KTVU that Alsaudi and his wrestling teammates were doing a polar plunge, when people jump into cold water during the winter months. Alsaudi is a political science major at the university with a minor in Arab and Muslim Ethnicities and Diasporas Studies.
Even by the nightmarish standards of the empire she oversees, Susan Wojcicki, the chief executive officer of YouTube, has had a dreadful start to 2019. During a single week in February, BuzzFeed reported that her company was running advertisements alongside anti-vaccine content; there was a nationwide panic over the platform abetting child suicide; and a viral video showed how pedophiles were flourishing on the site. Thumbnail images implying human-animal sex were discovered next to children’s videos, and after an uproar, Ms. Wojcicki was obliged to call a staff meeting to address it. In an industry that celebrates eccentricity, Ms. Wojcicki presents as exceedingly normal, bordering on boring, even as elements of her digital realm burst into the real world in forms that are increasingly grotesque and sometimes dangerous. Ms. Wojcicki said she knew that her policy changes could “upset some people,” but “seeing that someone could be so angry that they would come here is really hard.”
Persons: Susan Wojcicki, BuzzFeed, Wojcicki, Ms Organizations: YouTube, Calif Locations: San Bruno, cardigan
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