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☆ Amazon lays off more than 500 employees in its Twitch unit
▼ + stars: | 2024-01-10 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +5 min

Last March, Twitch let go of roughly 400 staffers, and it cut some employees in its customer experience division last October. Amazon has undergone the largest layoffs in its history, cutting 27,000 employees since 2022. The cuts have been ongoing, with Amazon announcing layoffs in its Prime Video and MGM Studios units on Wednesday. So while the Twitch business remains strong, for some time now the organization has been sized based upon where we optimistically expect our business to be in 3 or more years, not where we're at today. If your role is affected by this decision and you live in the US, Canada, Brazil, Mexico, or Singapore.

Persons: Twitch, Emmett Shear, Clancy, Doug Scott, Laura Lee, we've, you've, Lauren Nunes, Dan Organizations: Amazon, MGM Studios, Clancy, Team Locations: Canada, Brazil, Mexico, Singapore, Twitch

☆ Here's what Wall Street wants to see from Hollywood this year
▼ + stars: | 2024-01-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

But Wall Street is worried that hero may never come for Hollywood. Yet, Wall Street still isn't satisfied. Warner Bros. Wall Street wants a solution, or, at the very least, a company to set the stage for a potential solution. watch nowConsider M&A difficultiesMergers and acquisitions present another path to a bigger bundle, but Wall Street isn't sure there will be a big deal in 2024.

Persons: Doug Creutz, Creutz, Michael Nathanson, MoffettNathanson, Rafael Henrique, Lightrocket, Nathanson, Shari Redstone, David Zaslav, Bob Bakish, Barbie Organizations: Getty, Hollywood, Disney, Warner Bros, Discovery, Comcast, Paramount Global, Netflix, Companies, Warner Bros . Discovery, Paramount, Cowen, Century Fox, Amusements, Comcast's, Universal

☆ Amazon will cut hundreds of jobs, including at game streaming firm Twitch
▼ + stars: | 2024-01-10 | by ( Clare Duffy | Ramishah Maruf | ) edition.cnn.com time to read: +3 min

New York CNN —Amazon on Wednesday cut hundreds of jobs across two different business units: streaming platform Twitch and its film and television studios division. Amazon is cutting “several hundred” roles across Prime Video and Amazon MGM Studios, according to an internal note shared with CNN. In addition, video game streaming company Twitch, which is owned by the tech giant, said Wednesday it is laying off 500 workers as part of ongoing cost-cutting efforts. Wednesday’s announcement comes after Twitch laid off 400 workers in March of last year as part of broader cuts at parent company Amazon. The layoffs point to ongoing challenges at Twitch, although Amazon does not break out specific results for the unit.

Persons: Mike Hopkins, “, ”, Hopkins, Dan Clancy, Twitch, we’ve, ” Clancy, Clancy, Dataminr Organizations: New, New York CNN, Amazon, Amazon MGM Studios, CNN, MGM, Amazon Prime, Bloomberg, Google, Spotify Locations: New York

☆ Another Billionaire Finds It's Hard to Run a Newspaper
▼ + stars: | 2024-01-09 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Another billionaire is having a hard time with his newspaper. That's because the LA Times is owned by billionaire Patrick Soon-Shiong, and it is losing money; even though Soon-Shiong is a billionaire, even billionaires have limits. Asked for comment, an LA Times spokesperson said that company leaders "don't generally make forward-looking statements about staffing levels and aren't able to comment further at this time." In 2021, The Wall Street Journal reported that Soon-Shiong was considering selling the LA Times itself , but Soon-Shiong said that was not the case. Last fall, for instance, The Washington Post — owned by Amazon founder Jeff Bezos — one of the richest men in the world — underwent giant staff cuts .

Persons: Patrick Soon, Jeff Bezos's Washington, Warren Buffett, —, Kevin Merida, Patrick, Shiong Axelle, Bauer, Griffin, It's, Shiong, doesn't, Jeff Bezos —, Warren Buffett — Organizations: Los Angeles Times, Jeff Bezos's Washington Post, Service, LA Times, LA, San Diego Union, Tribune, Street Journal, Washington Post, Amazon, Omaha, Alden Global Capital Locations: Merida, San Diego, Berkshire

☆ Hugging Face CEO says he's focused on building a 'sustainable model' for the $4.5 billion open-source-AI startup
▼ + stars: | 2023-12-28 | by ( Ashley Stewart | Monica Melton | ) www.businessinsider.com time to read: +8 min

It's an open-source platform where scientists, researchers, and engineers build, train, and deploy AI models. With his company, Delangue wants to follow in the footsteps of companies such as Red Hat by making open-source AI a profitable endeavor. "If we don't support openness, open science, and open-source AI, just a few companies will be able to do it," Delangue told Business Insider. The episode has made open-source models look more attractive because they don't rely on a single company that could suddenly lose all its employees. What do you see your customers using Hugging Face's AI models for most?

Persons: Clément Delangue, Delangue, OpenAI, Sam Altman, —, Giada, Pistilli, We're, autocomplete, We've, we've, that's Organizations: Service, Business, Investors, Amazon, Google, Nvidia, IBM, BI, Microsoft Locations: Amazon

☆ WindCORES cuts emissions by putting data centers inside wind turbines
▼ + stars: | 2023-12-05 | by ( Arya Jyothi | ) edition.cnn.com time to read: +7 min

CNN —Accounting for up to 1.5% of global electricity use, data centers are fueling the climate crisis. WindCORES, a subsidiary of German renewable electricity company WestfalenWIND, operates data centers inside wind turbines located in a wind park in the Paderborn district in western Germany, which the company says makes the centers almost carbon neutral. The concept uses existing wind turbines to power data centers on site, while fiber optic cables provide a constant internet connection. WindCORES estimates that the unused electricity generated during this period could power one-third of all German data centers. Zattoo joined windCORES in 2020, when it moved one of its six data centers into a wind turbine in Paderborn.

Persons: ”, Fiete Dubberke, Dubberke, WestfalenWIND, windCORES, Zattoo, Viliyana Ivanova, “, Viliyana, windCORES Dubberke, Zattoo’s, Asim Hussain, that’s, they’ve, ” Hussain, ” WindCORES, Klee Organizations: CNN, windCORES, Green Software Foundation Locations: Paderborn, Germany, “, ”, Lichtenau, Munich

☆ Australia to End Daily Letter Delivery as Postal Service Pivots to Parcels
▼ + stars: | 2023-12-05 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +2 min

By Lewis JacksonSYDNEY (Reuters) - Australia Post will soon end daily letter deliveries as part of a series of postal reforms announced on Wednesday designed to modernise the government-owned postal service and help it turn a profit. Australia Post will also have an extra day to deliver regular mail. Australia Post delivered half a billion parcels last financial year, or roughly 20 per person. Losses in the letter business rose 50% to A$384 million. Australia Post has applied to the competition regulator to increase the basic letter postage rate to A$1.50 from A$1.20 from early near year.

Persons: Lewis Jackson SYDNEY, Paul Graham, eCommerce, Graham, Lewis Jackson, Jamie Freed Organizations: Australia Post, Australia Locations: Australia

☆ How old fishing nets could be part of the climate crisis solution
▼ + stars: | 2023-12-05 | by ( Paul Glader | ) edition.cnn.com time to read: +10 min

De Bouter’s company, Brikole, is a startup “circular business” that recycles discarded nets from the industrial tuna fishing industry. Kyle de Bouter holds board shorts made of recycled Nylon fishing nets similar to the kind he is recycling. Since the area is prime for fishing, especially tuna fishing, many in Seychelles believe those industries are a good place to start. He championed activity by “inventive young entrepreneurs” to improve society, mentioning recycled fishing nets as one example. “This is solving the problem of exhausted fishing nets,” said Julio Morón, a managing director of the Spanish tuna fishing organization called OPAGAC.

Persons: Seychelles CNN — Kyle de Bouter, ”, De, Kyle de Bouter, Paul Glader, CNN “, de Bouter, Joshua Tiatouse, CNN De Bouter, Ellen MacArthur, Eduardo Soteras, James Alix Michel’s, Michel, De Bouter, Julio Morón, Brikole, Bouter, de, Manuel Sigren, Bureo, Joshua Tiatousse, Tiatousse, “ Organizations: Seychelles CNN, United Nations, CNN, Bank, “ Department of Blue, Ellen MacArthur Foundation, Washington Post, Economy Research, University of Seychelles, snags, Electricity, Bureo, DuPont, BASF, DOMO Chemicals, Grandview Research Locations: Victoria, Seychelles, Patagonia, Spain, France, South Korea, Kosovo, Ghana, Philippines, Mahé, “, Dubai, China, California, Africa, Asia, Grandview

☆ Read the full memo Spotify's CEO sent employees announcing it would cut 17% of its staff: 'Being lean is not just an option but a necessity'
▼ + stars: | 2023-12-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +10 min

CEO Daniel Ek told employees in a memo they would get an email from HR in two hours. The music streaming giant said in a blog post Monday announcing the cuts that "being lean is not just an option but a necessity." CEO Daniel Ek sent an email to his employees Monday with the same memo shared in the blog post. Two Spotify employees, who did not wish to be identified, told BI that some employees expected the further layoffs were looming. AdvertisementThe company shared a blog post in September titled "Unlocking Internal Mobility", which said that internal mobility would be "taking a higher priority."

Persons: Daniel Ek, —, Ek, Katarina Berg, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify, Business, Service, BI Locations: Stockholm, Sweden, Europe, Canada, Mexico, Israel, India

☆ Spotify to lay off 17% of employees — read the full memo CEO Daniel Ek sent to staff
▼ + stars: | 2023-12-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Spotify raised prices of its subscription plans earlier this year and has been expanding into podcasts and audio books. Spotify cut 6% of its workforce, or about 600 employees, at the start of the year. For the team that will remain at Spotify, I know this decision will be difficult for many. Looking AheadThe decision to reduce our team size is a hard but crucial step towards forging a stronger, more efficient Spotify for the future. As we've grown, we've moved too far away from this core principle of resourcefulness.

Persons: Ek, we've, I've, we're, Katarina, Severance, We're, – Daniel Organizations: Spotify

The Tesla (TSLA.O) CEO told advertisers who have fled his social media platform X over antisemitic content to "Go fuck yourself!" Several business communications analysts said they couldn't remember a similar case of an executive publicly cursing at their customers. Musk, Tesla and X did not respond to requests for comment. Musk apologized for it and then cursed and dismissed the concerns of the advertisers fleeing the platform. Cappelli said Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

Persons: Elon Musk, Porte, Gonzalo Fuentes, It's, Andy Challenger, Challenger, Michael O'Leary, Jim Hagedorn, Sam Zell, Musk, Yehuda Baruch, Baruch, Peter Cappelli, Cappelli, Ross Kerber, Lisa Shumaker Organizations: SpaceX, Tesla, Twitter, Viva Technology, Porte de, REUTERS, Ryanair, Boeing, Scotts Miracle, University of Southampton, University of Pennsylvania's Wharton School, Thomson Locations: Paris, France

☆ Apollo Global’s CSO Talks About Knitting Sustainability Into the Culture
▼ + stars: | 2023-11-29 | by ( Rochelle Toplensky | ) www.wsj.com time to read: +9 min

A sustainability veteran with more than 24 years’ experience, Stangis has built sustainability teams at both Intel and Campbell Soup . WSJ Pro: Do you have a favorite sustainable product or service, that isn’t an Apollo company? In terms of our regulatory reporting, we made some great progress, but it’s also helping and building the tools for our portfolio companies. Stangis: We’ve got data from all of our portfolio companies from surveys of 100-plus questions every year. So our portfolio companies, they’re literally doing sustainability reporting to us, we’re compiling it and then making that public.

Persons: Dave Stangis, Stangis, Campbell, it’s, we’ve, I’ve, —, We’ve, they’re, we’re, Rochelle Toplensky Organizations: Apollo Global Management, Intel, Pro, Business, Campbell Soup Company, WSJ, Private Equity, Flagship Fund, Apollo, Rochelle, rochelle.toplensky@wsj.com Locations: Europe, Asia, Paris, Detroit, U.S, Russia, Ukraine, decarbonize, we’ve

A State Street Global Advisors banner is hung outside the New York Stock Exchange (NYSE) in New York, U.S., March 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsBOSTON, Nov 29 (Reuters) - State Street's (STT.N) asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said. The option comes as State Street and rivals move to devolve proxy voting powers to shareholders on matters like director elections or environmental, social and governance (ESG) issues. But even that policy directed some proxy votes to be cast against boards' recommendations on governance questions like executive pay or share structure, said Lori Heinel, global chief investment officer at State Street Global Advisors. State Street Global Advisors manages $3.7 trillion in all.

Persons: Brendan McDermid, Lori Heinel, let's, Ross Kerber, Stephen Coates Organizations: Global Advisors, New York Stock Exchange, REUTERS, Rights BOSTON, Street, Street Global Advisors, Services, ISS, Republican, Thomson Locations: New York, U.S

NEW YORK (AP) — The irreverent feminist website Jezebel is making a comeback less than a month after it was shut down. Paste Magazine, a digital pop culture publication based in Atlanta, announced Wednesday that it was buying Jezebel.com from G/O Media, which closed it and laid off its staff earlier this month. Like many other digital publications, however, Jezebel struggled in recent years to find a sustainable business model as digital advertising plummeted. Paste said Jezebel's “acquisition is poised to bring together the strengths of Paste Magazine’s established presence in the media landscape with Jezebel’s influential position in addressing contemporary issues.”Paste did not immediately return an e-mail seeking further details. The New York Times reported that Paste is searching for a new editor-in-chief for Jezebel before hiring writers.

Persons: Jezebel, Paste, “, Josh Jackson, Jezebel’s, ”, ” Jackson, Jim Spanfeller, ” Spanfeller Organizations: Paste Magazine, New York Times, Paste, Gawker Media Locations: Atlanta

☆ Mining Industry Seeks to Define One Global Standard for Ethical Practices
▼ + stars: | 2023-11-23 | by ( Yusuf Khan | ) www.wsj.com time to read: +6 min

Customers and investors are increasingly considering mining companies’ ESG performance. Photo: douglas magno/Agence France-Presse/Getty ImagesMining giant Anglo American is one of the companies that have been involved in developing the new mining standard. Anglo American itself commits to at least nine different mining standards and is part of 17 industry associations, which all have their own requirements. The LME has been consulted on the development of the new mining standard. For now, work continues on the new mining standard, with the four associations still discussing what it should look like and how it would be governed.

Persons: Cynthia Matonhodze, ”, “, Tracey Kerr, douglas magno, Rebecca Campbell, ” Campbell, Campbell, Paul Hackett, Georgina Hallett, Yusuf Khan Organizations: Bloomberg, International Council, Mining, Metals, Gold Council, Mining Association of Canada, Miners, Business, Global Investor Commission, ING, Jubilee Metals Group, Hochschild, ” Mining, Agence France, Getty, White, London Metal Exchange, REUTERS Locations: Umguza, Zimbabwe, Dutch, Brazil, London, Brumadinho, American, ”

☆ Ford to scale back plans for $3.5 billion Michigan battery plant as EV demand disappoints, labor costs rise
▼ + stars: | 2023-11-21 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan. DETROIT – Ford Motor is scaling back plans for a $3.5 billion battery plant in Michigan as consumers move to electric vehicles more slowly than expected, labor costs rise and the company moves to cut costs. Ford executives including CEO Jim Farley and Chair Bill Ford initially announced the facility in February. Reductions at the Marshall, Michigan plant are part of Ford's plans announced last month to cut or delay about $12 billion in previously announced EV investments. The company will also postpone construction of another electric vehicle battery plant in Kentucky.

Persons: Jim Farley, Bill Ford, Ford, Mark Truby Organizations: Ford Motor Company, Technology, Ford, Amperex Technology, U.S, Marshall Locations: China, Marshall , Michigan, Romulus , Michigan, DETROIT, Michigan, EVs, Kentucky

DETROIT (AP) — Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union. But the automaker says that due to slowing electric vehicle sales growth, it will scale back the factory size, cutting the number of planned jobs by about one third from 2,500 to 1,700. Ford put the plant, originally to cost $3.5b, on hold in late September as the union went on strike at targeted assembly plants run by Ford, General Motors and Jeep maker Stellantis. Unlike the company's other battery plants that are joint ventures, the Marshall factory will be a fully owned Ford subsidiary staffed by Ford workers. But China’s Contemporary Amperex Technology Co. Ltd., or CATL, which is known for its lithium-iron-phosphate expertise, would supply technology, some equipment and workers.

Persons: —, Ford, Mark Truby, ”, Marshall Organizations: DETROIT, — Ford Motor Co, United Auto Workers, Ford, General Motors, EV, Amperex Technology, . Ltd Locations: Michigan, Marshall, Detroit

☆ America's best-selling car will soon be hybrid-only
▼ + stars: | 2023-11-16 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

Toyota has said that the 2025 Camry will be available exclusively as a hybrid. The family sedan has been the best-selling car in the US for the past two decades. It has been available in gasoline or hybrid versions since 2007, but from 2024 will be hybrid-only. AdvertisementThe $26,000 Camry has been the best-selling car that is not a pickup truck or an SUV in the US for the past two decades. The decision to make the upcoming version exclusively hybrid is a bold one from Toyota, which has so far chosen to prioritize hybrid cars over fully electric vehicles.

Persons: —, Akio Toyoda, Tesla Organizations: Toyota, Service, Toyota Camry, Camry, Business

☆ Low Platinum Prices Show How Banking on Miners Could Threaten the Energy Transition
▼ + stars: | 2023-11-15 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

Platinum is used to make the electrolyzers that produce hydrogen and the sharp down cycle in South Africa’s platinum mining sector demonstrates the risk that low prices and lack of investment could slow the energy transition. Prices for other commodities have also fallen, while miners have been complaining of rising costs and seem to be limiting their capital expenditures. Photo: michele spatari/Agence France-Presse/Getty ImagesFor the mining sector, cyclical returns are nothing new. Ray said many South African PGM miners are now selling their output at close to the cost of production, eating away at profitability. “To the extent that PGM prices stay at current levels, I would not be surprised to see more supply-side reaction,” Ray said.

Persons: Waldo Swiegers, ”, Tom Price, michele spatari, We’ve, ” Emma Townshend, ” Townshend, Raj Ray, Ray, ” Ray, ” Implats’s Townshend, Implats, Yusuf Khan Organizations: Bloomberg, Liberum, Agence France, PGM, Times, Business, BMO Capital Markets, Metals Locations: Sibanye, Africa, Johannesburg, Stillwater, South, South Africa, Marikana, U.S, China, Europe, Implats

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsJAKARTA, Nov 13 (Reuters) - TikTok has been holding talks with Indonesian e-commerce companies about possible partnerships, an Indonesian minister said on Monday, a month after Southeast Asia's largest economy banned online shopping on social media platforms. "Some e-commerce companies in Indonesia have talked to TikTok," he said in an interview, citing what the companies' executives told him. It was a particular blow to TikTok, which was forced to close its e-commerce service TikTok Shop. A TikTok Indonesia spokesperson was not available to comment. Until it stopped operations, TikTok Shop was delivering about 3 million parcels a day in Indonesia, sources have said.

Persons: Dado Ruvic, Teten Masduki, TikTok, Tokopedia, Bukalapak, Blibli, Joko Widodo, Shou Zi Chew, Teten, Indonesia's, SEA's, Stanley Widianto, Ananda Teresia, Edwina Gibbs Organizations: REUTERS, Rights, Indonesian, GoTo's, TikTok, YouTube, Meta, Google, Temasek Holdings, Bain & Co, HK, Lazada, Thomson Locations: Rights JAKARTA, Indonesian, Indonesia, Southeast, Singapore

☆ How Afrilabs is powering Africa’s tech revolution through community
▼ + stars: | 2023-11-10 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

Kigali, Rwanda CNN —For over a decade, AfriLabs has been at the forefront of cultivating a vibrant tech ecosystem across the African continent. The annual AfriLabs Gathering, held in Kigali, Rwanda, is a testament to its commitment to uniting the African tech community. AfriLabs has been at the forefront of cultivating a vibrant tech ecosystem across the African continent. With a trailblazing woman at its helm, Afrilabs addresses the gender gap in the tech industry, recognizing that the African tech landscape remains predominantly male-dominated. Its participation in the Nigeria Startup Act and the ongoing Nigeria Startup Act State Adoption program showcases commitment to driving conversations and effecting change, says Guobadia.

Persons: AfriLabs, Anna Ekeledo, Ekeledo, ”, “ We’ve, Afrilabs, ” Ekeledo, Oswald Osaretin Guobadia, … Organizations: Rwanda CNN, Consultancy, McKinsey, Company, Algeria Venture, Builder.ai, AfriLabs, Visa Foundation, Business Angel Network, CNN, Nigeria Startup Locations: Kigali, Rwanda, Africa, North Africa, Afrilabs, DigitA, Abuja, Nigeria, “

☆ WeWork’s Bankruptcy Tests Claims of a Co-Working Revolution
▼ + stars: | 2023-11-09 | by ( Peter Eavis | More About Peter Eavis | ) www.nytimes.com time to read: +1 min

But the company never created a sustainable business or changed how most people worked. Flexible office space accounts for less than 2 percent of all office space in the 20 largest U.S. markets, according to Cushman & Wakefield, close to its share before the pandemic. WeWork filed for bankruptcy protection this week in an effort to quickly slim down its portfolio of office spaces. Many employers are paring back their office space because workers aren’t going in five days a week after growing accustomed to working remotely or on a hybrid schedule. WeWork’s bankruptcy will only make the situation worse by leaving landlords with more space to fill.

Persons: WeWork, aren’t Organizations: Cushman & Locations: Cushman & Wakefield

☆ There's a new theory that Adam Neumann will buy back WeWork
▼ + stars: | 2023-11-08 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +3 min

Ousted CEO Adam Neumann issued a statement saying it has been "hard to watch from the sidelines." Sources told Newcomer that they believe he will try to buy back or return to the company he founded. AdvertisementAdvertisementImprobable as it might seem, there's a theory floating around that WeWork founder Adam Neumann might buy the company, which filed for bankruptcy this week. Now, on Eric Newcomer's Substack, people who are familiar with Neumann and WeWork are speculating that the founder may be planning to take the company back. Neumann's own statement this week about the bankruptcy filing.

Persons: WeWork, Adam Neumann, —, Neumann, Eric Newcomer's Substack, texted, Jared Leto, it's Organizations: Service, Forbes

[1/3] A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 3 - ChatGPT maker OpenAI is expected to announce product enhancements that will make its AI models cheaper, with more functionality, in its first-ever developer conference on Monday. Generative AI can, using past data, create brand new content like fully formed text, images and software code. OpenAI is expected to announce updates focused on slashing costs for its developers, as well as new vision capabilities, Reuters previously reported. Cost-cutting addresses a major concern for partners whose spending on OpenAI's powerful models could pile up quickly as they try to build sustainable businesses by developing and selling AI software.

Persons: Dado Ruvic, OpenAI, Sam Altman, Altman, Anna Tong, Krystal Hu, Richard Chang Organizations: REUTERS, Microsoft, Reuters, Thomson Locations: San Francisco, City Hall, Francisco's, Silicon

☆ [WATCH NOW] Create a culture of ownership to drive business growth
▼ + stars: | 2023-11-02 | by ( Sponsor Post | Created Insider Studios With Morgan Stanley At Work | ) www.businessinsider.com time to read: +6 min

Comprehensive equity strategies are an effective way to create a culture of ownership. Prioritizing a transparent and open dialogue can facilitate a culture of ownership and community where employees understand the value they bring to the company and their role in business success. Not only does this lead to more satisfied employees, but it also helps drive sustainable business growth. Among them: Incorporating equity compensation into a broader compensation strategy that aligns with your company's values and culture. In the US, for example, workplace financial benefits like equity compensation are often considered individual benefits for the employee.

Persons: Teri McFadden, Morgan Stanley, Rodney Bolden, Shawn Murphy, Murphy, Laura St, Charles, —, isn't, McFadden, there's Organizations: Norwest Venture Partners, Work, of Law, Economics, Insider Studios Locations: St

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