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☆ I was a renter. Then I bought my house from my landlord.
▼ + stars: | 2024-04-02 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

About four years ago, when my landlord bought the property, I was his very first tenant. Before the pandemic, I had been in the market for quite a long time looking to buy a house. When I signed that first rental lease with my landlord in May 2020, I completely pulled myself out of the market. After being bummed about that, a few days later my landlord texted me saying, "Hey, I'm putting this house on the market. He shared with me that he bought his own place and that he was no longer going to be living in that house.

Persons: Dom Guerra, —, There's, Guerra, Selena Tovanche, — I'm, you've, It's Organizations: Service, Ohio Housing Finance Agency Locations: Cleveland, Parma , Ohio

☆ TikTok employees fret over harsher reviews, PIPs, and smaller bonuses
▼ + stars: | 2024-03-26 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewIt's annual review season at TikTok, and the company is putting the squeeze on some employees by doling out harsher performance ratings. AdvertisementTikTok's stricter reviews arrive at a moment when employees are already facing a reduction in their annual bonuses due to a scheduling change. This one-time adjustment means staff will receive around 83% of their annual bonuses for 2023 work, prorated to 10 months instead of 12 months. The company did opt to pump up annual bonuses for high performers after it reported strong Q4 earnings. For example, last year, Reddit began letting go of employees across departments who had received high ratings in their most recent performance reviews.

Persons: —, TikTok, prorated, Reddit Organizations: Service, Business, Street, Facebook, Meta Locations: TikTok

☆ TikTok is shaking up how it does annual performance reviews, and it's making some employees anxious
▼ + stars: | 2024-03-26 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewIt's annual review season at TikTok, and the company is putting the squeeze on some employees by doling out harsher performance ratings. AdvertisementTikTok's stricter reviews arrive at a moment when employees are already facing a reduction in their annual bonuses due to a scheduling change. This one-time adjustment means staff will receive around 83% of their annual bonuses for 2023 work, prorated to 10 months instead of 12 months. TikTok isn't the only tech company to adjust its performance reviews in recent months. For example, last year, Reddit began letting go of employees across departments who had received high ratings in their most recent performance reviews.

Persons: —, TikTok, prorated, Reddit Organizations: Service, Business, Street, Facebook, Meta Locations: TikTok

☆ As Amazon, Citigroup and Google open 2024 with layoffs, experts say unemployed workers should take these steps
▼ + stars: | 2024-01-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Jackyenjoyphotography | Moment | Getty ImagesThe start of 2024 has not been kind to workers in industries that opened the year with layoffs. Recent U.S. Department of Labor data shows layoffs have been hovering near historic lows — and experts say getting laid off no longer has the same stigma it once did. The following steps can help you shore up your finances and kick-start your job search. Calculate severance pay, unused time offYou may receive a severance package from your employer or get paid for unused time off. If you're able to find a new job quickly, you may be able to bank the severance pay, he noted.

Persons: Twitch, Scott Dobroski, Ted Jenkin, Atlanta . Jenkin, Vicki Salemi, Salemi, Jenkin, Dobroski, We've Organizations: Google, MGM Studios, Tech, Citigroup, U.S . Department of Labor, CNBC, Finance Locations: Atlanta .

☆ One Medical employees are furious that Amazon is changing their compensation plan, leaked messages show
▼ + stars: | 2023-12-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Just nine months after closing its deal to acquire One Medical, Amazon is exerting more control over the primary care provider's employee pay. Prior to the Amazon acquisition, One Medical gave stock grants without baking in any growth assumptions. Like One Medical, Amazon reinforces this through its competitive total compensation program which, for corporate employees, typically includes base pay and restricted stock units (RSUs). As One Medical is now part of Amazon and can no longer grant employees One Medical stock, we are transitioning employees to Amazon's stock-based compensation model. Amazon's pay policy has long been a source of frustration for many employees.

Persons: Christine Morehead, Morehead, Dawn Brun, Slack Organizations: Business, Medical, BI, Amazon, Amazon's

Patrick Kane is joining the Detroit Red Wings for the rest of the season, choosing the championship-rich franchise over other suitors for the four-time All-Star's return to the NHL from hip surgery. After the Blackhawks and New York Rangers he joined after a pre-deadline trade, the Red Wings are set to become Kane’s third Original Six team. Kane had similar control as a free agent, letting the market and the first month of the season play out before talking to interested teams. The Red Wings and Blackhawks were longtime, bitter rivals until Detroit was shifted from the Western to the Eastern Conference in 2013 as part of realignment. Kane follows a similar path to the player he's chasing for the U.S. scoring record: Mike Modano, who played 20 seasons for the Minnesota North Stars/Dallas Stars before finishing his career with the Red Wings.

Persons: Patrick Kane, Kane, Ed Jovanovski, Nicklas Backstrom, Jovanovski, Backstrom, Andy Murray, Steve Yzerman’s, Conn Smythe, they've, Tage Thompson, Casey Mittelstadt, Rasmus Dahlin, Owen Power, Mike Modano, ___ Organizations: Detroit Red Wings, NHL, Associated Press, Stanley, Chicago, Detroit, hometown Buffalo Sabres, Toronto Maple Leafs, Eastern Conference, Florida Panthers, Blackhawks, New York Rangers, Wings, Washington Capitals, Atlantic Division, Red Wings, Rangers, U.S . National Team Development, Sabres, U.S, Minnesota North Stars, Dallas Stars Locations: U.S, New Jersey, Buffalo, Detroit, Farmington Hills , Michigan, Plymouth, New York

☆ Biden proposes ban on cable cord cutting fees
▼ + stars: | 2023-11-21 | by ( Chelsey Cox | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Federal Communications Commission on Tuesday announced a rule proposal to ban early termination fees for cable and satellite service contracts. The proposed rule would require cable operators and direct broadcast satellite (DBS) providers to eliminate early cancellation fees. According to that order, cable television is one sector where fees can stifle competition, due to costs associated with canceling services or switching service providers. "Companies shouldn't lock you into services you don't want with large fees," President Joe Biden said via X on Tuesday. The agency has also proposed 'all-in-pricing' for cable and satellite services, so that customers will see the total service costs, fees included, up front.

Persons: Joe Biden, WASHINGTON —, Jessica Rosenworcel, Joe Biden's, Rosenworcel Organizations: White, WASHINGTON, Federal Communications Commission, DBS, FCC Locations: Washington ,, U.S

However, variable-rate CDs and no-penalty CDs offer flexibility that may be worth considering. So far this year, CD rates have been increasing and I've managed to secure CDs with rates that range from 4.75% to 5.5% APY. "CD interest rates are for a 12-month period." Variable-rate CDBecause I've been mostly risk-averse with my CDs, one type that I've never tried are variable-rate CDs. For example, if you get a one-year CD paying 5% with the option to bump up, Manske said you can pay attention to CD rates and elect to update it if the rates rise.

Persons: —, I've, Christopher Manske, Manske, that's, doesn't Organizations: Service

NEW YORK (AP) — All models of Onewheel self-balancing electric skateboards are under recall after at least four deaths and multiple injuries were reported in recent years, federal regulators said last week. Future Motion has received dozens of incident reports involving these skateboards, the CPSC said Friday — including four deaths between 2019 and 2021 and serious injuries like paralysis, traumatic brain injury, fractures and ligament damage. The recall impacts all Onewheel electric skateboards — including Onewheel, Onewheel+, Onewheel+ XR, Onewheel Pint, Onewheel Pint X and Onewheel GT — sold online and through independent retailers from January 2014 through September of this year. Riders can check their board's eligibility and learn more about installing the update with Onewheel's app on Future Motion's website. Prior to last week's announcement, the CPSC warned consumers to stop using Onewheel electric skateboards back in November — similarly pointing to the reports of death and serious injuries.

Persons: Motion, Motion’s, Motion's, “ Organizations: U.S . Consumer Product Safety Commission, Associated Press Locations: California, U.S

Cboe declined to say whether those relations happened while Tilly was CEO or prior to his tenure at the helm. His resignation is the latest in a string of high-profile exits by CEOs whose personal conduct ran afoul of company policy. "When he became CEO, he grew that business from a little options exchange to a global, fintech and exchange leader. Cboe has exclusive rights to list flagship contracts linked to the Standard & Poor’s 500 stock index through 2032. "The silver lining is it doesn't look like it is related to strategic or financial issue for the company," Lau said of the CEO resignation.

Persons: Edward Tilly, Piper Sandler, Brendan McDermid, Cboe, Fredric Tomczyk, Tilly, Andrew Bond, Bond, Owen Lau, Lau, Rosenblatt's Bond, Steve Sosnick, Sosnick, Tomczyk, " Lau, Jaiveer Singh, Laura Matthews, Saqib Iqbal Ahmed, Arun Koyyur, Michelle Price, Megan Davies, Bill Berkrot, Nick Zieminski Organizations: CBOE, Inc, Piper Sandler Global Exchange, FinTech Conference, REUTERS, Rosenblatt Securities, Oppenheimer & Co, THE, Interactive, U.S . Securities, Exchange Commission, Thomson Locations: New York City, U.S, Bengaluru, New York, Lincoln

AdvertisementAdvertisementIn the end, I found I could save almost $600 by switching my auto insurance alone to another highly-rated insurance company, Travelers. And if I switched auto and homeowners insurance coverage to this insurer, I could save $1,335 annually. Compare auto insurance quotes from multiple providers with Coverage.com. Getting auto insurance quotesI'm a financially savvy person, but I still found shopping for car insurance quotes and switching plans rather daunting. Switching insurance companies was easier than I thoughtOne point of contention I had with switching companies is the fact I had already prepaid auto insurance coverage for the year.

Persons: I'm, Ashley Brown, Connor, That's Organizations: Allstate, Service, Travelers, Cincinnati Financial, Connor Insurance, Company Auto, Travelers Insurance Locations: Wall, Silicon, Indianapolis

☆ Mark Zuckerberg and Priscilla Chan's charity organization is making a major change in strategy after laying off 48 people. Read the leaked emails.
▼ + stars: | 2023-08-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

The Chan Zuckerberg Initiative conducted layoffs this week, in a major blow to its education team. However, the cuts were entirely focused on employees in tech and grantmaking in CZI's education department, a core pillar of the organization's since its founding. As part of the changes, two leaders in CZI's education work are leaving their roles. While today's announcement most directly impacts our Education teammates, I know we are all affected regardless of where we sit in the organization. I am grateful for all of our Education teammates, past and present, whose contributions made our accomplishments to-date possible and carved our path forward.

Persons: Chan Zuckerberg, Priscilla Chan, Mark Zuckerberg, Zuckerberg, Chan, Brooke Stafford, CZI's, Dakarai Aarons, Sandra Liu Huang, Huang, CZI, Slack, Brizard, Brooke, Dakarai, Sandra, Priscilla Organizations: Chan Zuckerberg Initiative, Meta, CZI, Facebook, Education Policy Center, University of Colorado, Education, People Team Locations: Meta, Boulder

☆ Walmart is discounting its Walmart+ membership for customers on government assistance. Here's how to apply.
▼ + stars: | 2023-07-20 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Walmart said on Thursday that it would offer its Walmart+ membership at half price to some customers. The number of Amazon Prime memberships dropped for the first time last year, according to one estimate. Amazon still had around 168 million Prime members in the US and 200 million members globally at the end of 2022. A Walmart spokesperson declined to provide membership statistics for Walmart+ or to comment on projected enrollments in the half-price program but said that about a quarter of its current Walmart+ members rely on EBT payments. Here's how to applyBoth current and new Walmart+ members can apply for the discounted rate by verifying their eligibility on Walmart's website.

Persons: Vermont Sen, Bernie Sanders Organizations: Walmart, SNAP, Service, Privacy, Paramount, Amazon, WIC, Medicaid Locations: Wall, Silicon, Vermont

☆ Some workers are going thousands of dollars into debt to pay for their own training. A federal watchdog is scrutinizing the practice of chasing employees for money after they leave.
▼ + stars: | 2023-07-20 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A new report from the Consumer Financial Protection Bureau looks at employer-driven debt. The report finds that employers are saddling workers with thousands in debt for training and supplies. On Thursday, the Consumer Financial Protection Bureau released a report detailing the impact of training repayment agreement provisions, or TRAPs. The watchdog said it will continue to evaluate how companies are using TRAPs to determine whether they are violating consumer financial laws. "TRAPs impose significant financial burdens on workers and foster monopsony in labor markets by reducing worker mobility and bargaining power.

Persons: onboarding, hasn't, Nurse E, E, …, Persis Yu Organizations: Consumer Financial, Service, Biden, Federal Trade Commission, FTC, Protection Locations: Wall, Silicon, America

☆ DoorDash is offering hourly pay to fix a problem with food orders
▼ + stars: | 2023-06-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

DoorDash will begin offering its delivery drivers hourly pay, the company said Wednesday, to help make sure workers have a better sense of how much they’ll earn per shift. Previously, delivery workers were paid per delivery offer, an option which remains available. The hourly rate is calculated to be comparable to what workers would earn per delivery, the company noted. DoorDash is changing how delivery drivers get paid. New York City recently announced a new minimum pay-rate for app food delivery workers.

Persons: DoorDash, Smith, they’re, Cody Aughney, DoorDash’s, ”, “, it’s, ” Austin Haugen, Ramishah Maruf Organizations: New, New York CNN, New York, Logistics, Dasher, DoorDash Locations: New York, New, New York City

☆ McCarthy, Scalise go to war with U.S. Chamber after group backed some Democrats in 2020 and 2022 elections
▼ + stars: | 2023-02-06 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

McCarthy's refusal to meet with the Chamber is the latest strike in an ongoing feud between some House Republican members and the Chamber of Commerce. Tim Doyle, a spokesman for the Chamber of Commerce, told CNBC in a statement that the group's policies are more in line with House Republicans than Democrats. Representatives for House Majority Whip Tom Emmer, R-Minn., House Republican Conference Chair Rep. Elise Stefanik, R-N.Y., and Rep. Gary Palmer, R-Ala., did not return requests for comment. McCarthy's ire against the Chamber started after the group endorsed 23 House Democrats in the 2020 election cycle when Republicans failed to regain the majority. The Chamber reportedly endorsed 23 House Republican candidates and four Democrats during the 2022 election fight.

☆ Delta curbs employee access to luxury airport lounges as it struggles with crowding
▼ + stars: | 2023-01-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

Delta Air Lines plans to curb employee access to its plush and popular airport lounges next month, its latest attempt to ease crowding. "The employee discount on Delta Sky Club memberships also is discontinued," said the memo, which was seen by CNBC. Complimentary seats on planes are a major perk for airline staff, and they aren't just used for vacation. American and United say they aren't planning similar policy changes for their lounges, though carriers occasionally tweak employee travel policies. For example, those carriers paused certain employee travel perks to London over the summer due to congestion.

☆ Wall Street internship checklist: How to land a competitive 2024 summer job in investment banking, trading, or asset management
▼ + stars: | 2023-01-04 | by ( Reed Alexander | Emmalyse Brownstein | ) www.businessinsider.com time to read: +2 min

Summer internships at Wall Street banks are among the most sought-after undergrad opportunities. If you're a college sophomore who's even remotely interested in working on Wall Street one day, then listen up. The 2024 summer internship season is starting now — from JPMorgan to RBC. Check out our robust Wall Street internship coverage here — and, if you're in the running for an internship for next summer, get in touch with this reporter to share your story. Insider's Wall Street reporter Emmalyse Brownstein can be reached via email at ebrownstein@insider.com, or SMS/the encrypted app Signal at (305) 857-5516.

A holiday bonus offers a good opportunity to pay off debts or add to your savings. Here's how to make the most of your holiday bonus — and some key spending mistakes to avoid. With soaring energy bills and the cost-of-living crisis hitting people hard, a holiday bonus offers a chance to eat away at debt and boost your savings. The careers site Indeed suggests the average holiday bonus is about 5% to 10% of a salary. She said she didn't think twice about it when December rolled around and her holiday bonus landed in her bank account.

☆ Law firms that make billions fighting injuries and frauds are very hush-hush about what they pay. Here are the starting salaries at 19 firms from Altshuler to Wigdor.
▼ + stars: | 2022-11-08 | by ( Jack Newsham | ) www.businessinsider.com time to read: +8 min

Many plaintiffs' firms pay somewhere in between. Despite more law firms increasingly paying their top earners like professional athletes, many law school grads only make between $50,000 and $80,000 a year. Things do appear to be changing as more plaintiffs firms seek to compete with Big Law firm talent. But firms like Edelson that pay as much as Big Law firms are the exception. For more information on how these law firms pay, see our table below:Do you have more information on how plaintiffs' firms pay their lawyers?

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☆ Stripe plans to lay off 14% of workers
▼ + stars: | 2022-11-03 | by ( Annie Palmer | ) www.cnbc.com time to read: +11 min

Online payments giant Stripe plans to lay off roughly 14% of its staff, CEO Patrick Collison wrote in a memo to staff Thursday. Here's Collison's full memo:Earlier today, Stripe CEO Patrick Collison sent the following note to Stripe employees. We will pay 14 weeks of severance for all departing employees, and more for those with longer tenure. We'll accelerate everyone who has already reached their one-year vesting cliff to the February 2023 vesting date (or longer, depending on departure date). We'll cover career support, and do our best to connect departing employees with other companies.

UPS announced Wednesday it is looking to hire more than 100,000 workers for the coming holiday shopping season, with pay rising to as much as $30 an hour for certain positions and locations. The shipping and logistics giant said its streamlined, digital-first hiring process will mean most people filling out online applications could get job offers in just 25 minutes. “We have made our hiring process as simple and easy as possible,” said Nando Cesarone, UPS’ executive vice president and president of U.S. operations, said in a release. A full-time UPS package delivery driver makes an average of $95,000 per year, in addition to $50,000 in contributions to health, wellness and pension benefits, it said. Last year, it said, the company invested $30 million in education assistance programs for its employees.

☆ It might seem like travel bloggers write off lavish vacations and luxurious meals without a thought, but the reality is more complicated
▼ + stars: | 2019-09-18 | by ( Holly Johnson | Freelance Writer | Read More | ) www.businessinsider.com time to read: +14 min

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