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☆ 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.

☆ Goldman says humanoid robots will be a $6 billion market in 10 years – How to play the growing trend
▼ + stars: | 2022-11-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +5 min

The firm estimates that in 10 to 15 years, it's achievable for the humanoid robots market to reach $6 billion and continue to grow from there. Forecasting growth in the sector shows that humanoid robots could become a widely adopted terminal device, following only smartphones and electric vehicles, according to Goldman Sachs. Where investment opportunities lie The firm put together a list of stocks in its coverage universe that could benefit from the trend towards adoption of humanoid robots across a few different areas. "What's unique in humanoid robots' sensing module is gyroscope/ Inertia Measurement Unit (IMU), to keep the robot's balance," said Du. "Future attempts at humanoid robots will need to decide whether they can reduce the usage of hardware components and let software take on the analytical role."

☆ Frontier is offering customers an 'all-you-can-fly' pass for unlimited travel coming in 2023, but only a few will be available
▼ + stars: | 2022-10-27 | by ( Taylor Rains | ) www.businessinsider.com time to read: +3 min

The pass will offer customers unlimited flights to all of Frontier's destinations for 12 months. The airline sent a link to loyalty members for first access to more details and pricing when available. The low-cost airline giant sent an email to loyalty members on Wednesday teasing a new pass called "GoWild!" I also signed up with my fiancé's email and a coworker's, who are both not loyalty members, and it still worked. Meanwhile, JetBlue Airways previously offered an "all-you-can-jet" pass in 2010 that gave buyers unlimited flights for 30 days for $699, with a cheaper offering of $499 that excluded Friday and Sunday travel.

☆ I listed 'sex work' on LinkedIn and caused a viral uproar. This is the last time I'll defend that choice.
▼ + stars: | 2022-10-20 | by ( Arielle Egozi | ) www.businessinsider.com time to read: +13 min

In July, I added "sex work" to my LinkedIn work experience. But at least in sex work, there's an audience and a desire for every type of body, gender, and play. Sex work may have the word "sex" in it, but most of the job — digital, in person, or otherwise — has little to do with sex. A lot of people seem to ignore the "work" part of sex work. Sex work of all kinds is work, and that's the last time I'll defend that statement.

☆ The US economy is still running on a post-COVID sugar high that's about to run out and make 2023 feel miserable
▼ + stars: | 2022-10-19 | by ( Ben Winck | Madison Hoff | ) www.businessinsider.com time to read: +7 min

The Federal Reserve started raising interest rates this March, making all forms of borrowing more expensive and hitting the brakes on economic growth. Experts see 2023 featuring even higher interest rates, still-elevated inflation, rising unemployment, and a tougher job market for workers. American companies are trimming their hiring plans amid soaring interest rates and fears of a near-term recession. The Fed's benchmark rate now sits between 3% and 3.25%, well above the threshold at which rates constrain, not boost, economic growth. Inflation is still running at a 8.2% year-over-year pace, leaving lawmakers incredibly wary of pumping more cash into the economy.

☆ A mechanic who says he was fired after refusing to 'forgive and forget' a colleague's use of a racist slur is suing a Georgia county
▼ + stars: | 2022-10-16 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

A mechanic said he was fired by a Georgia county after refusing to forgive the use of a racist slur. Loyal told his brother-in-law, Bobby Turner, about the incident, upsetting Puryear. Both men were fired by the county for misconduct two weeks after Loyal's initial complaint, per the filing. "No employee should have to endure racial harassment or retaliation in the workplace, especially racial slurs," said assistant attorney general Kristen Clarke of the Justice Department's civil rights division. "Punishing employees for reporting harassment and discrimination to their supervisors is illegal and undermines the basic statutory protections designed to identify and root out racial harassment in workplaces across the country."

The widespread voter fraud in the 2020 election as alleged by Trump and his supporters was never proven. Election officials in three other states -- North Carolina, Arizona and Nevada -- reported similar incidents. In 16 North Carolina counties alone, officials noted unusually aggressive observers during May's primary elections, according to a state election board survey. When told to stop, they said they were following guidance from a Republican Party lawyer, said Henderson County Election Director Karen Hebb. As head of the Election Integrity Network, Mitchell is training election observers and is trying to build grassroots networks of conservatives ahead of the midterms.

☆ How Equifax used employment records it collects from 2.5 million companies to fire dozens of its own employees for working second jobs
▼ + stars: | 2022-10-13 | by ( Kate Taylor | Jack Newsham | ) www.businessinsider.com time to read: +9 min

The crackdown was the result of an investigation that unfolded in recent months conducted by Equifax employees, including HR and cybersecurity, according to a document seen by Insider. The product has employment records, including weekly pay, of 105 million US workers, according to the company's last annual report. At one point, 25 employees were interviewed on the investigation's findings, and 24 were terminated, resulting in savings of $3.2 million, according to a document. In one author's case, this included all salaried positions since graduating college in 2013, as well as a job working in the college library as a student. "With predictions of more than 36 million employees working remotely by the year 2025, the need to monitor an employee's employment status will continue to grow," the company says in marketing material.

☆ Lufthansa says passengers can put activated AirTags in their checked luggage just days after banning them
▼ + stars: | 2022-10-13 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Lufthansa says activated AirTags are now allowed in checked luggage just days after banning them. "The German Aviation Authorities (Luftfahrtbundesamt) confirmed today, that they share our risk assessment, that tracking devices with very low battery and transmission power in checked luggage do not pose a safety risk. On Saturday, the airline sent a tweet saying it was banning activated AirTags in checked luggage. This meant they would need to have their batteries removed before going into checked luggage, rendering the tags useless for tracking luggage. Some passengers started using AirTags during the summer of travel chaos where thousands of bags went missing or were lost entirely.

Gig company stocks were hammered by the news, with Uber (UBER.N), Lyft (LYFT.O) and DoorDash (DASH.N) all falling at least 10%. The proposal would require that workers be considered employees, entitled to more benefits and legal protections than contractors, when they are "economically dependent" on a company. Millions of Americans are working "gig" jobs and this labor has become vital to some transportation, restaurant, construction, health care and other industries. "Misclassification deprives workers of their federal labor protections, including their right to be paid their full, legally earned wages," Walsh said. Seth Harris, President Joe Biden's former top labor adviser, said the rule will not directly impact how courts determine whether workers are employees or independent contractors.

☆ The labor department's proposal sparks selloff of gig economy stocks
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe labor department's proposal sparks selloff of gig economy stocksTusk Ventures' Bradley Tusk, an early investor in Uber, joins 'Closing Bell' to discuss the labor departments proposal to classify gig workers as employees, how union forces are striving to get more worker's rights, and the market selloff sparked by the Biden Administration's announcement.

☆ Gig stocks tank as White House mulls classifying workers as employees
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGig stocks tank as White House mulls classifying workers as employeesTim Seymour, Dan Nathans, Bonawyn Eison, and Karen Finerman with CNBC's Melissa Lee and the "Fast Money" traders discuss gig economy stocks plummeting in response to the Biden administration's proposed changes to gig worker's status as employees.

☆ Here’s what a new Biden administration labor proposal would mean for independent contractors
▼ + stars: | 2022-10-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Rudi_suardi | E+ | Getty ImagesThe Biden administration will soon issue a rule that may make it easier for workers to be considered "employees" instead of "independent contractors." Misclassification of workers as independent contractors — also known as freelancers or the self-employed — instead of employees is happening across many industries, like construction, health care, restaurants, retail and transportation, Labor Department officials said Tuesday. Employers may benefit financially by classifying their workforce as contractors instead of employees. These companies often classify gig workers as independent contractors. Federal action would especially be a boon to "low-wage, vulnerable workers," Labor Department officials said.

☆ Congress is still considering changes to the retirement system, including catch-up contributions
▼ + stars: | 2022-10-10 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +8 min

Tom Brenner | ReutersThere's still a decent chance that changes to the U.S. retirement system will be enacted before the end of the year. "There's still tremendous bipartisan interest in doing another retirement security bill," said Paul Richman, chief government and political affairs officer for the Insured Retirement Institute. Upping the catch-up contribution anteNosystem Images | E+ | Getty ImagesCurrently, retirement savers age 50 or older can make so-called catch-up contributions to their retirement savings. The House bill would expand the 401(k) catch-up to $10,000 for individuals who are age 62, 63 or 64. The Senate proposal differs by allowing people from age 60 through age 63 make the extra $10,000 catch-up contribution.

☆ A musician raised an AI 'baby' to harmonize with — and her newest experiment could usher in a brave, new world of art
▼ + stars: | 2022-09-29 | by ( Drew Austin | ) www.businessinsider.com time to read: +10 min

In the world of art, misgivings about AI have been particularly acute. Despite this widespread apprehension, Holly Herndon — an experimental musician and artist — doesn't think AI is nefarious or will ruin art. In her blog post announcing Holly+, Herndon said she envisioned a future where digitally created voices "soon become standard practice for artists and other creatives." While the project has yielded an ever-growing array of fascinating art, Holly+ also raises questions about the future of that art. (Anyone can use the Holly+ voice tool itself without submitting the output to the DAO, however.)

☆ Pension fund panic led to Bank of England's emergency intervention: Here's what you need to know
▼ + stars: | 2022-09-29 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

A central narrative emerging from the U.K.'s precarious economic position is the apparent tension between a government loosening fiscal policy while the central bank tightens to try to contain sky-high inflation. Monetary policy is trying to mop-up after the milk was spilt," Turner said. Anything less, and there will likely be more turbulence for the gilt market, and the pound, in the coming weeks," he added. Following the Bank's bond market intervention, ING's economists expect a little more sterling stability, but noted that market conditions remain "febrile." She suggested the market would have benefitted from the government "blinking first" in the face of the market backlash to its policy agenda, rather than the central bank.

☆ 'Quiet fleecing' is why you're getting paid less and everyone's talking about quiet quitting and the Great Resignation
▼ + stars: | 2022-09-20 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Since the 1970s, US wage growth has stalled, with the top 1% seeing most of the gains. It's resulted in a "quiet fleecing" of the American worker, according to data analyzed by the Economic Policy Institute. Coined by the Economic Policy Institute, "quiet fleecing" describes decades of stagnant wage growth in the US despite rising productivity and costs of living. In theory, workers' wages rise in tandem with their productivity, or the output they provide to a company. It could be why more workers are getting vocal about quiet quitting, "acting their wage," or joining the Great Resignation.

☆ A worker at a student-loan company says the 'lack of guidance' from Biden's Education Department on debt cancellation is hurting borrowers: 'I'm just so worried people are going to be left out'
▼ + stars: | 2022-09-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

A student-loan company worker expressed concern with the lack of guidance on Biden's debt relief. "There's a complete lack of guidance from the Education Department on what to advise borrowers," the worker, who requested to remain anonymous but whose identity is known to Insider, said. The worker specifically assists borrowers within the Federal Family Education Loan (FFEL) program, who have loans that are commercially-held and not eligible for federal relief. Currently, the Education Department is advising those borrowers to consolidate their loans into direct federal loans so they can qualify for forgiveness. In response to the worker's concerns, an Education Department spokesperson pointed Insider to the FFEL guidance already on its website and did not have any additional details to provide.

☆ The person who claims to have hacked Uber says he's only 18, report says
▼ + stars: | 2022-09-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

A person claiming to be behind Uber's hack on Thursday told The New York Times that he's only 18. He said he had persuaded an Uber worker to send him a password that gave him access to its systems. The Times and Bloomberg both reported on Thursday that Uber employees got a Slack message saying "I am a hacker." The apparent hacker also listed multiple internal databases that they claimed to have accessed, The Times reported. The Times reported that the hacker had also posted an explicit photo on an internal staff page.

☆ Man accused in 2014 massacre of co-worker's family arrested after landing in U.S. from China
▼ + stars: | 2022-09-15 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +4 min

A man accused of killing his co-worker’s family in their Texas home more than eight years ago was arrested over the weekend after he arrived at San Francisco’s airport from China, officials said. Similar to what he told the FBI, Lu told sheriff's office investigators he didn't know where the Sun family lived until he saw news coverage of their deaths. Authorities also interviewed Lu’s wife. The sheriff’s office said there were inconsistencies between her version and Lu’s versions of what happened. The Harris County Sheriff’s Office said the investigation continues.

☆ Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
▼ + stars: | 2022-05-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Insider learned about the WADU system through interviews and leaked internal documents that explain what kinds of data it captures. Though the use of Palantir was reportedly for security purposes, JPMorgan employees who spoke to Bloomberg said the situation quickly escalated. When companies are opaque about how they use employee data, the consequences can be detrimental — from harming employee "engagement" to eroding their "mental health," Garr said. Companies that fail to do this run the risk of cultivating the kind of mistrust that JPMorgan employees claim is running rampant through their ranks. "It does not sit well with me, what they're doing," said the US-based staffer with direct knowledge of the WADU system.

☆ An employee at an Illinois food manufacturer lost a finger after getting it stuck in a machine, the labor department said
▼ + stars: | 2022-04-27 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

A worker at an Illinois food manufacturer lost their finger after it got stuck in a machine, the DOL said. The DOL cited Hearthside Food Solutions and asked it to pay $231,625 in penalties. In a press release, the Department of Labor said Friday that it has cited Hearthside Food Solutions 20 times "for exposing workers to amputation and other serious hazards." In the citation, OSHA asked Hearthside to pay $231,625 in penalties for three violations related to the carton-closing machine. Hearthside Food should immediately re-evaluate its training and safety procedures at all of its facilities."

☆ 9 signs your coworker has narcissistic traits and how to deal with it, according to a psychotherapist
▼ + stars: | 2022-04-20 | by ( Amy Morin | ) www.businessinsider.com time to read: +5 min

She says there are certain signs to look for if you think a coworker has narcissistic tendencies. Here are nine signs your coworker has narcissistic tendencies. They exaggerate their achievementsA colleague with narcissistic tendencies won't just brag, they'll embellish. When they can't control their feelings, they may be quick to try to control the environment and the people in it. How to respond to narcissistic tendenciesA coworker with narcissistic tendencies loves attention, even if it's negative.

☆ Inside a secretive management firm for OnlyFans stars, where former staffers say they catfished fans to dupe them into paying to sext: ‘You're basically a professional scammer’
▼ + stars: | 2021-12-16 | by ( Amanda Perelli | Kat Tenbarge | ) www.businessinsider.com time to read: +20 min

Even for account managers like Emma, the money could be "life-changing," she said, adding that she sometimes earned more than $10,000 a month off just 2% commission. Many OnlyFans models (including Unruly clients) offer a free feed of photos. They can add a larger "tip" to be added to an influencer's VIP area to get unlimited chatting (often between $100 and $200 for Unruly models). For instance, it's free to subscribe to Rao's OnlyFans account, but she charges between $5 and $99 for fans to "unlock posts." At the time, Gathrite was dating Jessica Sunok, a model who started an OnlyFans account in May 2019, and who he began to manage.

☆ Warehouse giants like Amazon and others are desperate for more robots, but human workers worry they make the job more dangerous
▼ + stars: | 2021-08-31 | by ( Andrew Moseman | ) www.businessinsider.com time to read: +12 min

As a new workday dawns in the warehouse, workers take their places around the floor to start their shifts. Amazon, the industry juggernaut, began bringing robots into its warehouses after purchasing the robotics company Kiva Systems in 2012. This year, it launched a billion-dollar fund focused on logistics and supply-chain robotics companies, the biggest splash in a sea of warehouse robotics investments and acquisitions. A Harvard Business Review survey of 77 warehouse workers in 2022 found that they viewed automation in warehouses slightly more positively than negatively. While workers worried about job loss and dealing with tech malfunctions, they were optimistic that robots could make their work safer and more productive.

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