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☆ AI stocks plunge after AMD gives weak forecast for chip sales
▼ + stars: | 2024-05-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand. AdvertisementAI stocks plunged on Wednesday after AMD offered analysts 2024 revenue guidance for its AI chip that was below analyst estimates. AMD raised its 2024 revenue guidance for its MI300 AI chip by $500 million to $4 billion. While supply constraints seem to be a headwind for AMD's AI chip business, so too could be competition. The company's MI300 chip is a direct competitor to Nvidia's immensely popular H100 chip, and AMD claims that its chip outperforms Nvidia's.

Persons: —, Lisa Su, Goldman Sachs, Nvidia's, Jensen Huang, Huang Organizations: AMD, Micro Computer, Nvidia, Service, Bloomberg, Nvidia's, Stanford Economic

☆ Deutsche Bank's 3-day-a-week return-to-office policy has been met with fierce criticism by staff who say there isn't enough space for everyone
▼ + stars: | 2024-02-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Deutsche Bank staff have criticized the company's new return-to-office policies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "There's enormous resistance among staff," Stephan Szukalski, the head of the labor union DBV, which represents Deutsche Bank staff, told Bloomberg via email. Szukalski, who is also part of the bank's supervisory board, said there isn't enough office space and that staff are already complaining about bottlenecks. The spokesperson told BI: "The bank remains committed to our hybrid working model, which has been received extremely positively by staff.

Persons: —, Christian, Rebecca Short, Stephan Szukalski, Szukalski, EY, Dan Schawbel, Nicholas Bloom Organizations: Deutsche Bank, Staff, Service, Bloomberg, Business, DBV, Google, General Motors, SAP, Stanford Locations: Germany

☆ Companies forcing workers to come back to the office are creating a 'massive disruption' in their lives, workplace expert says
▼ + stars: | 2024-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Many remote workers also invested in having an office setup, including buying office equipment or designating a room as an office. "There's that investment too, and they don't want to have to sell everything and come back to work," Schawbel said. AdvertisementMajor companies across the US have enforced RTO mandates in the past year, including Meta, Google, and Salesforce. In fact, Nicholas Bloom, a Stanford economics professor, said making workers come back to the office would just make them unhappier. Advertisement"I think RTO mandates will reduce employee morale unless it is handled very carefully," Bloom told BI over email.

Persons: —, Dan Schawbel, Schawbel, millennials, Dell, Nicholas Bloom, Bloom Organizations: Service, Workplace Intelligence, Business, Meta, Google, Katz Graduate School of Business, Stanford, Big Tech

☆ Companies forcing workers to come back to the office are creating a 'massive disruption' in their lives, workplace experts say
▼ + stars: | 2024-02-13 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

RTO mandates are a "disruption" to remote workers' lives because they made big changes during COVID. Many remote workers moved cities, bought houses, and invested in home offices during the pandemic. Additionally, many remote workers invested in having an office set up, including buying office equipment, or designating a room for an office if they have a house. AdvertisementMajor companies across the US have enforced RTO mandates in the past year, including Meta, Google, and Salesforce. In fact, making workers come back to the office will just make them unhappier, according to Nicholas Bloom, a Stanford economics professor.

Persons: Dan Schawbel, —, Schawbel, millennials, Dell, Nicholas Bloom, Bloom Organizations: Workers, Service, Companies, Workplace Intelligence, Meta, Google, Katz Graduate School of Business, Stanford, Big Tech

☆ Watch CNBC's full interview with Stanford's John Taylor
▼ + stars: | 2023-09-21 | 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 EmailWatch CNBC's full interview with Stanford's John TaylorJohn Taylor, Stanford economics professor, and CNBC's Steve Liesman join 'The Exchange' to discuss the Fed's actions in terms of 'The Taylor Rule,' which ties interest rates to inflation and economic growth, the Fed's effort to manage economic growth while applying monetary tightening, the scope of the global inflation phenomenon.

Persons: Stanford's John Taylor John Taylor, Steve Liesman, Taylor Organizations: Stanford

☆ Fed appears on right track in its fight against inflation, says Stanford's John Taylor
▼ + stars: | 2023-09-21 | 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 EmailFed appears on right track in its fight against inflation, says Stanford's John TaylorJohn Taylor, Stanford economics professor, and CNBC's Steve Liesman, joins 'The Exchange' to discuss the Fed's actions in terms of 'The Taylor Rule', which ties interest rates to inflation and economic growth, the Fed's effort to manage economic growth while applying monetary tightening, the scope of the global inflation phenomenon.

Persons: Stanford's John Taylor John Taylor, Steve Liesman, Taylor Organizations: Stanford

☆ The Fed is on the right track, with inflation on its way down, says Stanford's John Taylor
▼ + stars: | 2023-09-21 | 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 Fed is on the right track, with inflation on its way down, says Stanford's John TaylorJohn Taylor, Stanford economics professor, and CNBC's Steve Liesman join 'The Exchange' to discuss the Fed's actions in terms of 'The Taylor Rule,' which ties interest rates to inflation and economic growth, the Fed's effort to manage economic growth while applying monetary tightening, the scope of the global inflation phenomenon.

Persons: Stanford's John Taylor John Taylor, Steve Liesman, Taylor Organizations: Stanford

☆ Goldman Sachs CEO David Solomon hates remote work. Now managers are cracking the whip on returning to the office.
▼ + stars: | 2023-08-24 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Goldman CEO David Solomon is famously anti-remote work, and has been pushing RTO for over a year. Certain managers have responded by reemphasizing the company's policy that all employees work from the office five days a week. Though he reluctantly yielded on the issue for a while after facing pushback from his top advisors, he made his disdain for remote work public. "This is not ideal for us, and it's not a new normal," Solomon later said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs of last October, 65% of the company's workers had already returned to the office full time, according to Solomon.

Persons: Goldman Sachs, Goldman, David Solomon, Jacqueline Arthur, Bloomberg, Solomon, it's, you'll, Nicholas Bloom Organizations: Service, Bloomberg, New York Magazine, Meta, Research, Stanford, Wall Street Journal, Employers Locations: Wall, Silicon, New York

☆ Struggling to hire? Just one day of remote work a week could make a big difference.
▼ + stars: | 2023-08-08 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +5 min

The analysis found that the fully remote companies in the study had head-count growth rates over double those of fully in-person companies. The findings were released against a backdrop of many major companies requiring employees to return to the office full time. This push may lead thousands of Americans to look for work at more flexible companies to avoid expensive commutes and childcare. The study found the average company requiring in-office work asked staff to come in just over 2.5 days a week. Over the 12-month period, fully flexible and structured-hybrid companies grew their workforce by more than double the rate of full-time in-office companies.

Persons: Goldman Sachs, Nicholas Bloom Organizations: Service, Scoop Technologies, Data Labs, JPMorgan, Apple, Society for Human Resource Management, Stanford, Disney, Company Locations: Wall, Silicon

☆ The back-to-office backfire: Companies ending WFH perks lose out on top talent, who view flexible work as equivalent to an 8% raise
▼ + stars: | 2023-08-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Employees see flexible workplaces as an equivalent benefit to an 8% raise, WSJ reported. In some cases, employer pressure to return to in-person work results in employee efforts to unionize or strike over the rollback in benefits, according to Entrepreneur magazine. Insider previously reported work stoppages seen have the highest level of public support since 1965. Some employees, like an Arizona administrator making six figures, have quit altogether when called back to the office, Insider previously reported. Research by Prithwiraj Choudhury, an associate professor at the Harvard Business School and remote work expert, found that employees who worked from home 75% of the time were the most productive, Insider previously reported.

Persons: Nicholas Bloom, Prithwiraj Choudhury Organizations: Service, Disney, JPMorgan, Guardian, Labor Department, Actors Guilds, Employers, Street, Workers, Stanford, Harvard Business School Locations: Wall, Silicon, Arizona

☆ Remote jobs are moving overseas and to smaller U.S. cities: ‘The same skills for 60% of the cost'
▼ + stars: | 2023-06-09 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Remote jobs aren't disappearing — they're just moving out of expensive coastal metros like New York and San Francisco. Faced with labor shortages and rising wages, companies are hiring for more remote jobs overseas and in smaller U.S. cities. Where remote jobs are goingRemote hiring is expanding beyond its traditional strongholds, like India, creating new "Zoomtowns" overseas and in pockets of the U.S. Midwest. The number of North American companies with remote workers in Central America and the Caribbean, for example, has grown 300% between 2020 and 2023, according to new research from Lightcast. How to stand out in a more competitive remote job market

Persons: Nicholas Bloom, Kim Rutledge, Rutledge, George Denlinger, Robert Half, Layla O'Kane, Bloom Organizations: Companies, U.S . Midwest, Stanford, U.S, U.S ., Lightcast Locations: New York, San Francisco, Phoenix, Asheville, Boise, India, U.S, Mexico, Philippines, Central America, Caribbean, Lightcast, Austin, Monterrey, Bengaluru, California, Robert Half . Illinois , Ohio, Nebraska, Denlinger

☆ Some remote jobs will still be hot in 5 years, and others 'might not exist,' economists say—how to know the difference
▼ + stars: | 2023-05-05 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Remote jobs are vanishing. As of November 2022, remote jobs made up less than 14% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. The remote job market might be shrinking, but there is a silver lining for the millions of workers craving flexibility: Though some remote jobs will disappear, others will continue to be in demand for a long time. The remote jobs that 'might not exist' in five yearsCompanies are hiring fewer people for remote roles in the U.S. that can be outsourced to cheaper workers overseas or replaced with AI, says Bloom. Other remote jobs that "might not exist in five years" are in industries that prioritize office culture and see remote work as "less optimal, less productive," says Rachel Sederberg, a senior economist and research manager at the labor analytics firm Lightcast.

☆ Amazon's RTO backlash, Google's desk-sharing: Big companies clash with employees over the future of work
▼ + stars: | 2023-03-02 | by ( Cindy Perman | ) www.cnbc.com time to read: +11 min

Amazon CEO Andy Jassy announced recently that employees would be expected to return to the office three days a week in the spring. In less than a week, 14,000 employees had joined the Slack channel and a petition started circulating, demanding the company retract the policy. General Motors, Starbucks, Apple and Twitter are among other big companies that have started calling employees back to the office. Employees resist RTO mandatesEmployers are doing their best to really sell RTO, marketing it to employees using words like collaboration, socialization and free snacks. Employees are a lot happier if they work from home one or two days a week so that boosts recruitment and retention.

☆ Bosses are increasing RTO requirements, but experts say it won't stick: 'We're at an inflection point'
▼ + stars: | 2023-01-20 | by ( Jennifer Liu | ) www.cnbc.com time to read: +5 min

More corporate bosses could follow Iger's lead with fresh RTO mandates, says Caitlin Duffy, director of research at Gartner. Plans to boost in-office days unlikely to pan outSo far, most hybrid policies expect workers in offices two to three times a week. But requirements increasing in-office days are unlikely to become a norm, experts say. As of January, workers say they want to work from home for 2.8 days on average, versus employers planning to allow 2.3 days remote. Some leaders are expanding remote work to keep their workers happy with their jobs and pay, Bloom says.

☆ Stanford work-from-home expert on the 2022 prediction he’s glad he got right: 'It’d be pretty horrifying if I got it wrong'
▼ + stars: | 2022-12-29 | by ( Natasha Piñon | ) www.cnbc.com time to read: +4 min

Long before the pandemic, Nicholas Bloom, a Stanford economics professor, was already studying the most effective work-from-home policies. So, armed with decades worth of research and thousands of pandemic-era interviews, what's the one prediction Bloom says it would've been "horrifying" to get wrong about 2022? With a year's hindsight and additional research, Bloom says this prediction has largely borne out, noting that it felt particularly easy to predict by the end of 2021. In it, he advocated for employee choice with regards to what days of the week they'd work in the office. "There's this famous saying that people overestimate technology in the short run, and underestimate it in the long run," Bloom adds.

☆ Fed's Bullard says rate hikes have had 'only limited effects' on inflation so far
▼ + stars: | 2022-11-17 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Using standards set by Stanford economics professor John Taylor, Bullard insisted that the moves the Fed has made so far are insufficient. "Thus far, the change in the monetary policy stance appears to have had only limited effects on observed inflation, but market pricing suggests disinflation is expected in 2023," he said. "To attain a sufficiently restrictive level, the policy rate will need to be increased further," he added in the presentation. The Fed has approved four consecutive 0.75 percentage point rate increases, and markets widely expect the December FOMC meeting to yield a 0.5 percentage point move. Also, San Francisco Fed President Mary Daly told CNBC on Wednesday that she expects more rate increases and that a "pause is off the table" even with a lower level of rate increases.

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