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☆ Tesla under fire in Germany over union concerns on working hours, contracts
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +2 min

Workers were also increasingly fearful about discussing their working conditions openly because of non-disclosure agreements they were told to sign along with their work contracts, IG Metall said. Over time we are observing that this enthusiasm is withering," Irene Schulz of IG Metall Berlin-Brandenburg-Sachsen said in a statement. "Tesla is not doing enough to improve working conditions and is leaving too little time for leisure, family and recovery." Tesla China has also asked some staff to sign non-disclosure agreements, according to two sources with knowledge of the matter. Reuters found several people on LinkedIn with the title of "Security Intelligence Investigator" working for Tesla in Austin, San Francisco and Shanghai.

☆ Inside Goldman Sachs' layoffs by geography, and what axed workers can expect from the bank in severance, benefits, and help finding a new job
▼ + stars: | 2023-01-13 | by ( Hayley Cuccinello | Emmalyse Brownstein | ) www.businessinsider.com time to read: +5 min

Here's what axed workers can expect to get in pay, benefits, and help finding a new job. In the days since Goldman Sachs axed as much as 6% of its workforce, more details are emerging about who got cut and what the bank is paying in severance. The bulk of the layoffs took place in the Americas, or close to 1,500, this person said, citing internal data. Many laid-off Goldman Sachs workers will remain on the payroll for months before they get severance, according to correspondence seen by Insider. Goldman Sachs declined to comment on the details of severance and the geographic breakdown of the layoffs.

☆ Amazon will lay off more than 18,000 workers
▼ + stars: | 2023-01-04 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +1 min

New York CNN —Amazon says it plans to lay off more than 18,000 employees. Several units will be affected, including Amazon Stores and its human resources department, according to a statement from CEO Andy Jassy. Jassy had said in November that job cuts at the e-commerce giant would continue into early 2023. Amazon and other tech firms significantly ramped up hiring over the past couple of years as the pandemic shifted consumers’ habits toward e-commerce. Twitter also announced widespread job cuts after Elon Musk bought the company for $44 billion.

☆ A Perk to Getting These Jobs: You Pick Your Pay
▼ + stars: | 2023-01-01 | by ( Tara Weiss | ) www.wsj.com time to read: 1 min

When George Melvin clinched a job as lead software engineer at Unlearn.ai this past summer, the company made him two offers. In the first, the base salary made up 70% of total compensation, with the rest in equity, he says. The other was 58% salary, 42% equity. Confused, he asked the San Francisco startup’s human resources department if the twin offers were a negotiating tactic.

☆ I 'missed the watercooler talk': 3 women on WFH, RTO and trying to find the perfect work-life balance
▼ + stars: | 2022-12-11 | by ( Morgan Smith | ) www.cnbc.com time to read: +6 min

As the debate over the merits of in-person versus remote work continues to rage in companies and cities throughout the U.S., one thing has become painstakingly clear: There is no right answer. Pining for the office after months apartMadison Turner never thought she'd work in an office again. "I really missed the watercooler talk I used to have with co-workers at previous in-office jobs," she tells CNBC Make It. "I've seen the biggest improvement in my work-life balance since returning to the office full-time," she adds. Transitioning from an in-person to a remote job has "exponentially improved" DeGeorge's work-life balance, she says, as it's easier for her to drive her son to school and his therapy appointments.

☆ Foreign workers on H-1B visas laid off by Meta asked to stay on the company payroll longer to avoid having to leave the US, report says
▼ + stars: | 2022-12-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

H-1B workers laid off by Meta asked to stay on for two extra months, BuzzFeed News reportedLaid-off H-1B workers only have 60 days to find a new job or they have to leave the country. Hours after Meta announced plans to lay off 11,000 employees, foreign workers on the H-1B visa drafted a letter to the company's human resources department. An H-1B visa allows companies to hire foreign professionals to stay in the US temporarily, according to the USCIS. 65,000 H-1B workers are permitted to stay in the US per year. Several laid off Meta employees told BuzzFeed News that they received a packet on immigration guidance for "general information purposes only," which didn't offer access to legal advice.

“The new recruits had to work more days to get the bonus they were promised, so they felt cheated,” the worker told CNN. Apple, for which Foxconn manufactures a range of products, told CNN Business that its employees were on the ground at the Zhengzhou facility. Videos showed workers clashing with security guards and fighting back tear gas fired by police. More workers joined the protest after seeing livestreams on video platforms Kuaishou and Douyin, the Chinese version of TikTok, the worker told CNN. Having worked at the Zhengzhou plant for six years, he said he was now deeply disappointed by Foxconn and planned to quit.

☆ JPMorgan will now give all new parents 16 weeks of leave, 3 years after settling a parental leave discrimination case for a record $5 million
▼ + stars: | 2022-11-18 | by ( Britney Toh | Huileng Tan | ) www.businessinsider.com time to read: +3 min

JPMorgan will give all new parents in the US 16 weeks of paid leave from January 1, 2023. That's a departure from current policy, which gives 16 weeks paid leave to the primary caregiver and six weeks to the secondary caregiver. In 2019, the bank paid a record $5 million to settle a parental leave discrimination lawsuit. The new parental leave policy giving 16 weeks of leave to either parent, will come into effect on January 1, 2023. The bank's current policy gives 16 weeks of paid leave to the primary caregiver and six weeks of leave to the secondary caregiver.

☆ Elon Musk is now working out of Twitter headquarters, thanks employees for long hours
▼ + stars: | 2022-11-11 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

On Friday, Twitter 's new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. 28. Two current Twitter employees told CNBC that they were fielding calls from colleagues and clients about all the changes to the platform. Two employees told CNBC that they have not gotten formal guidance from the company's human resources department on remote work. This week, Musk told Twitter employees that he was reversing the company's previous "work from home forever" policy which had been enacted by his personal friend and collaborator, former Twitter CEO Jack Dorsey. Here's the e-mail from Elon Musk to Twitter employees on Friday, transcribed by CNBC:

☆ I got 3 job offers 3 weeks after I was laid off from my role as head of HR. Here's the exit strategy that helped me rebound fast.
▼ + stars: | 2022-11-05 | by ( Madeline Mann | ) www.businessinsider.com time to read: +8 min

However, she had created an exit strategy a year prior and was able to land 4 interviews a week after being let go. I followed the exit strategy I had crafted a year beforeThat next week, I had four job interviews, all with promising companies. I specifically coach people to focus on career security vs. job security, and it's an important distinction to make. Career security is recession-proofing and layoff-proofing yourself so that when you lose your job you aren't desperately job searching, but confidently job shopping. Very few people plan ahead in the good times, and most people don't know how to plan ahead — most don't know what they want.

☆ Twitter cut more than 950 California employees after Elon Musk took over, WARN notice shows
▼ + stars: | 2022-11-04 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

According to the letters from Twitter, shared by the California Employment Development Department, Twitter notified affected employees on Nov. 4. This kind of arrangement may serve as "payment in lieu of notice," in California depending on specific terms of employment. At the company's satellite locations in Santa Monica, Twitter cut approximately 93 employees including 17 mid-level officials and managers, 66 professionals and 10 combined sales and administrative support workers, the WARN notice showed. At a San Jose office, Twitter cut approximately 106 employees, including one executive or senior-level official or manager, 18 mid-level officials and managers, 85 professionals and two administrative support workers, according to the WARN notice. Shannon Liss-Riordan, a worker's rights attorney representing the terminated Twitter employees, did not immediately respond to a request for comment.

Nov 1 (Reuters) - FedEx Corp (FDX.N) said it would ask a federal judge in Texas to throw out or reduce a jury's $366 million damages award to a Black former employee who accused the company of disciplining and firing her after she complained about racial discrimination. In a regulatory filing on Tuesday, FedEx said it was expecting the Oct. 25 award by a Houston jury to Jennifer Harris of $1.16 million in compensatory damages and $365 million in punitive damages to be reduced. The package delivery company said that under U.S. Supreme Court precedent, punitive damages are normally capped at less than 10 times compensatory damages, with a multiple closer to one being appropriate when compensatory damages are substantial. FedEx said it believed any payout up to $75 million would be covered by insurance, subject to a $10 million retention. She said she later reported discrimination by her supervisor to FedEx's human resources department, leading to a letter complaining about her "unacceptable performance," a written warning, and her termination in January 2020.

☆ You may have ‘more money than ever’ left in a health FSA this year. What you need to know before pandemic relief expires
▼ + stars: | 2022-10-14 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

Rules on how health FSAs workHealth FSAs let workers stash away pretax money for qualifying medical expenses. The standard deadline to use your health-care FSA money is Dec. 31 of the year in which you make the contributions. At the remaining 23% of companies, you forfeit funds remaining in your account after Dec. 31. However, that's below the 48% with a traditional Dec. 31 deadline who forfeit money, and 49% of those who are allowed to roll over money. If you're uncertain what the rules are for your FSA, reach out to your company's human resources department, Rouleau said.

☆ How Does Life Insurance Work and What to Know Before You Buy
▼ + stars: | 2022-09-23 | by ( ) www.wsj.com time to read: +14 min

What to know about life insuranceTerm vs. permanent life insuranceThe two main types of life insurance are term and permanent. Permanent life insurancePermanent life insurance comes in four main variations: whole, variable, universal and variable universal. How to buy life insuranceYou may already have free term life insurance through your employer. A life insurance policy you buy from a private company stays with you for as long as you make payments. How life insurance pays outBeneficiaries have a few choices of how to receive a life insurance payout.

☆ I was the head of HR and didn't know I was going to be laid off. It was heartbreaking — but I had an exit strategy that saved me.
▼ + stars: | 2022-09-20 | by ( Madeline Mann | ) www.businessinsider.com time to read: +7 min

However, she had created an exit strategy a year prior and was able to land 4 interviews a week after being let go. When I was laid off, my exit strategy was a year in the making. The true secret to having a super-charged exit strategy is building a personal brand. I specifically coach people to focus on career security vs. job security, and it's an important distinction to make. Very few people plan ahead in the good times, and most people don't know how to plan ahead — most don't know what they want.

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). I racked up some credit card debt when I had a good job. I tried to work out a plan, but the credit card companies refused. I took out a $10,000 low-interest personal loan to consolidate my credit card debt with monthly payments of $250. At one point, credit card companies were hounding me for $1,100 per month after late fees and interest.

Persons: —, I've, she'd, Joshua Tree, I'm, Mexico — Organizations: Service, didn't Locations: New York City, Mexico, Brooklyn, splurged

☆ 23 Black leaders who are shaping history today
▼ + stars: | 2021-02-01 | by ( Courtney Connley | ) www.cnbc.com time to read: +39 min

Following the lead of trailblazers throughout American history, today's Black history-makers are shaping not only today but tomorrow. —Cory StiegRosalind Brewer, 58, Walgreens' next CEO and only Black woman to currently lead a Fortune 500 firmWalgreens' next CEO Rosalind Brewer. When she steps into this new role, she will be the only Black woman currently leading a Fortune 500 firm, and just the third Black woman in history to serve as a Fortune 500 CEO. "When you're a Black woman, you get mistaken a lot," she said during a 2018 speech at her alma mater, Spelman College. —Tom Huddleston Jr.Jason Wright, 38, first Black president of a National Football League teamWashington Football Team president Jason Wright.

Persons: Shirley Chisholm, John Lewis, Maya Angelou, Mary Ellen Pleasant, Kamala Harris, Gene Kim, Harris, Shyamala Gopalan Harris, Shyamala, —, — Cory Stieg Rosalind Brewer, Rosalind Brewer, Ursula Burns, Mary Winston, Brewer, Kimberly, Clark, she's, — Courtney Connley, Kizzmekia, Corbett, Kizzmekia Corbett, Anthony Fauci, Fauci, Dr, — Cory Stieg Victor J, Glover , Jr, Victor Glover, Amanda Gorman, Joe Biden, Gorman, Abraham Lincoln, Martin Luther King Jr, Lady Jill Biden, Robert Frost, Oprah, Angelou, — Jennifer Liu, Amanda Gorman's, Raphael Warnock, Georgia's, Kelly Loeffler, Warnock, Ebenezer Baptist Church —, — Abigail Johnson Hess Rashida Jones, Rashida Jones, Jones, Kristen Welker, Carole Simpson, Nicolle Wallace's, Dorothy Tucker, Brown, — Taylor Locke Sandra Lindsay, Sandra Lindsay, Lindsay, She's, I'm, Jade Scipioni Nicholas Johnson, Princeton's, Nicholas Johnson, Princeton University's, Johnson, William Massey, — Abigail Johnson Hess Cynthia, Cynt, Marshall, Cynthia Marshall, Cynt Marshall, George Floyd, Marshall —, Mark Cuban, Scipioni, Cynthia Marshall's, Dallas Mavericks Cori Bush, Missouri's, Missouri, Cori Bush, Michael Brown, Ferguson, William Lacy Clay Jr, Bush, Essence.com, I've, he's, Louis, Clay, — Jennifer Liu Alicia Boler Davis, Amazon's, Jeff Bezos Alicia Boler Davis, Alicia Boler Davis, Boler Davis, Jeff Bezos, alums, Jennifer Liu, Noah Harris, Harvard Noah Harris, Harvard's, It's, we've, Fentrice Driskell, Du Bois, — Abigail Johnson Hess, Harvard Mellody Hobson, Mellody Hobson, Ariel Investments, Hobson, — Courtney Connley Sydney Barber, Sydney Barber, Barber, Ms, Janie Mines, wasn't, Mines, Jesse Collins, Collins, Indiewire, " Collins, Jennifer Liu Nia DaCosta, Nia DaCosta, Marvel, DaCosta, Nora Ephron, Jordan Peele, Peele, — Tom Huddleston Jr, Aicha Evans, Zoox, Evans, Jason Wright, Wright, He's, Dan Snyder, — Emmie Martin Dana Canedy, Dana Canedy, Simon, Simon & Schuster, Dana Canedy's, Canedy, Denzel Washington, Alicia Adamczyk, Schuster Bozoma Saint John, Saint John, Beyonce, Kanye West, Nicki Minaj, Michael Jackson, — Courtney Connley Cheick Camara, Ermias Tadesse, Cornell University's, Cheick Camara, Ermias Organizations: CNBC, White, South, Latina, Howard University, Alpha Kappa Alpha Sorority, Inc, Democrat, United States Senate, U.S, Walgreens, Fortune, Starbucks, Walgreens Boots Alliance, Xerox, Bed, Sam's, Walmart, Nonwovens, Spelman College, Moderna, National Institute of Allergy, National Urban League, FDA, Vaccine Research, University of North, Space Station, NASA, Capitol, LA, Poet, Harvard, Georgia, Black, Morehouse College cum, Ebenezer Baptist Church, United, MSNBC, University of Missouri's School of Journalism, NBC, ABC News, National Association of Black Journalists, Jewish Medical Center, Northwell, Long, Pfizer, Pew Research Center, Princeton, Massachusetts Institute of Technology, NBA Dallas Mavericks, Dallas Mavericks, NBA, Mavericks, Congress, Senate, Democratic, Green New Deal, General Motors Institute, GM, Amazon, Employees, Amazon's, Ariel Investments, Ariel, Financial Planning's Diversity, Princeton University, JPMorgan, Lucas Family Foundation, Hobson College, Naval, U.S . Naval Academy, U.S . Naval, Naval Academy, Academy, Super, Super Bowl, Jesse Collins Entertainment, ViacomCBS Cable Networks, BET, CMT, Comedy Central, MTV, Paramount Network, VH1, Marvel, Marvel Studios, Marvel Universe, Tribeca, Wall Street, George Washington University, Intel, Financial, Automotive News, National Football League, Washington Football, Washington Football Team, National Football, NFL, Atlanta Falcons, Cleveland Browns, Arizona Cardinals, University of Chicago, McKinsey & Company, Washington, Morning, Simon &, New York Times, Jordan, Crown Publishers, New Yorker, Netflix, Saint, Longtime, Endeavor, Uber, Apple, PepsiCo, BlackGen Capital, Cornell, BlackGen Locations: United States, Oakland , California, India, America, White, California, University of North Carolina, Chapel, Los Angeles, Georgia's, Savannah , Georgia, Ebenezer, Long, New York, Queens , New York, Jamaica, Princeton, Montreal, Canada, Spring, Missouri, Louis, St, Detroit, Hattiesburg , Mississippi, Florida, Chicago, U.S, Lake Forest , Illinois, Sydney, mull, Senegal, Zoox, Charlottesville , VA

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