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☆ Musk and Ramaswamy float ending remote work for federal employees and ‘large-scale firings’
▼ + stars: | 2024-11-20 | by ( David Ingram | David Ingram Is A Tech Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Incoming Trump administration advisers Elon Musk and Vivek Ramaswamy on Wednesday floated ending remote work for federal workers, calling the practice a “privilege” left over from the pandemic. “Requiring federal employees to come to the office five days a week would result in a wave of voluntary terminations that we welcome: If federal employees don’t want to show up, American taxpayers shouldn’t pay them for the Covid-era privilege of staying home,” the two men wrote. The future of remote work for office-based employees is hotly debated. Some unionized federal workers have criticized Musk and Ramaswamy, saying they don’t know what they’re doing. Erwin said the two tech figures “make absurd claims about government waste and bash dedicated federal employees.” His union says it represents 110,000 federal employees.

Persons: Elon Musk, Vivek Ramaswamy, ”, Biden, Ramaswamy, Donald Trump, Musk, Randy Erwin, Erwin Organizations: Trump, Street, Management, of Government, SpaceX, CNBC, Tesla, National Federation of Federal Employees Locations: Washington

☆ The DOGE commission explains how it will reduce head count at federal agencies with a plan to get rid of remote work and offer workers early retirement
▼ + stars: | 2024-11-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

AdvertisementElon Musk and Vivek Ramaswamy offered more details on their DOGE government efficiency commission. They said their plans to cut government spending will lead to layoffs across federal agencies. The leaders of President-elect Donald Trump's government efficiency commission have more details on how they will reduce head count across government agencies. With the federal government being the largest employer in the US, with a workforce of over 2 million Americans, the DOGE commission could have a wide-ranging impact. Are you a federal worker with thoughts on DOGE?

Persons: Elon Musk, Vivek Ramaswamy, Donald Trump's, Ramaswamy, Trump, Musk Organizations: Tesla, GOP, Street, of Government, Management, Trump, Treasury Department, Department of Health, Human Services, Social Security Administration, Department of Defense, Congress, Social Security, Medicare

☆ 7 key details from Elon Musk and Vivek Ramaswamy's DOGE plan
▼ + stars: | 2024-11-20 | by ( John L. Dorman | Alice Tecotzky | ) www.businessinsider.com time to read: +8 min

On Wednesday, Musk and Ramaswamy outlined their vision for DOGE, which Musk previously said would cut $2 trillion from the federal budget. Ron DeSantis' Presidential Announcement with Elon MuskTheir opinion piece, published in the Wall Street Journal, is lengthy and dense, filled with Supreme Court rulings and decades-old statutes. Musk and Ramaswamy wrote that their goal for deep reform will be rooted in two Supreme Court rulings. Musk and Ramaswamy make it clear that by eliminating federal regulations, there should also be "mass head-count reductions across the federal bureaucracy." Musk and Ramaswamy note that Trump has implied that the statute is unconstitutional and predict that the Supreme Court would agree.

Persons: Elon Musk, Vivek Ramaswamy, Ramaswamy, Musk, Ron DeSantis, Loper, Raimondo, Chevron, Trump, haven't, DOGE, Musk's, Tesla, overreach Organizations: Department of Government, Florida Gov, Elon, Street, Management, Environmental Protection Agency, Chevron, Natural Resources Defense Council, Congress, Corporation for Public Broadcasting, Public Broadcasting Service, National Public Radio, Social Security, SpaceX, Trump, Musk Locations: Florida, America, West Virginia

☆ Fact check: JD Vance and Tim Walz at the vice presidential debate
▼ + stars: | 2024-10-01 | by ( Cnn Staff | ) edition.cnn.com time to read: +32 min

Tim Walz and Republican Sen. JD Vance of Ohio are facing off Tuesday night in New York City for their first – and only – vice presidential debate. Vance mischaracterizes Harris’ role on border policySen. JD Vance claimed that Vice President Kamala Harris was appointed the “border czar” during the Biden administration. Tim Walz and Sen. JD Vance attend a debate hosted by CBS News in New York on Tuesday. A recent report from the US Department of Energy found 142,000 new clean energy jobs were created in 2023. Alex Kent/Getty Images Cutout images of Vance and Walz are displayed at a debate watch party in New York.

Persons: Tim Walz, Republican Sen, JD Vance, Vance mischaracterizes Harris, Sen, Kamala Harris, ”, Biden, Donald Trump, ” Vance, Harris, Alejandro Mayorkas, “, Daniel Dale Minnesota, Mike Segar, Reuters Walz, aren’t, Joe Biden’s, –, CNN’s Ella Nilsen, Joe Biden, Michael Ciaglo, Vance, Springfield , Ohio Sen, you’ve, Mike DeWine, Daniel Dale, Danya, Jessie Wardarski, Kamala Harris “, Donald Trump’s, CNN’s Dana Bash, CNN’s Hannah Rabinowitz, John Modlin, Rebecca Noble, Walz, ” Walz, Al Drago, Matt Rourke, Ken Betancur, Angela Weiss, Joe Raedle, Chip Somodevilla, Norah O'Donnell, Margaret Brennan, Brendan McDermid, Reuters Vance, Julia Demaree Nikhinson, Alex Kent, Victor J, Charly Triballeau, Getty Images Walz, Kevin Wexler, Anna Moneymaker, Trump, Roger Severino, ” –, Norah O’Donnell, Katie Lobosco Vance, CNN’s Manu Raju, Ted Barrett, …, Trump’s, “ Alabama’s, Andrew Kaczynski, Em Steck Vance, unfroze, Wally Adeyemo, Jennifer Hansler Vance, Joe Manchin, Dave Renner, ” Dr, Erin Stevens, ” Stevens, It’s, ” Renner, Jack Forrest Vance, DHS ‘, Kamala Harris ’, General, Immigrations, ” Aaron Reichlin, didn’t, Jack Forrest Organizations: CNN, Democratic Minnesota Gov, Republican, White, Homeland, Central, Daniel Dale Minnesota Gov, CBS News, Reuters, Biden, Senate, US Department of Energy, 2024 Energy, Bidenomics, CS Wind, CS, YES, ” Republican Ohio Gov, New York Times, US, American Civil Liberties Union, Enforcement, Democratic, US Border Patrol, Getty, Heritage Foundation, for Disease Control, CDC, Department of Health, Human Services, Minnesota Gov, CBS Broadcast Center, Bloomberg, People, CBS, Center, Journalists, United Federation of Teachers, Getty Images, USA, New York, Secret Service, Trump, Congress, Fox News, MIT, CNN’s Ella Nilsen Workers, AFP, Tuesday’s, Minnesota Medical Association, American College of Obstetricians, “, DHS, Department of Homeland Security, Homeland Security, Customs Enforcement, ICE, HHS, American Immigration Council, ICE hasn’t, New York Post, Washington Times Locations: Ohio, New York City, El Salvador, Guatemala, Honduras, United States, Mexico, New York, Pueblo , Colorado, Springfield , Ohio, Springfield, ”, US Border Patrol Tucson, Douglas , Arizona, AFP, Minnesota, New, Kendall , Florida, California, Iran, Israel, South Korea, Qatar, China, United States of America, West Virginia, Fuzhou, China's Fujian

☆ Georgia judge declares state’s abortion ban unconstitutional, allowing procedure to resume beyond 6 weeks into pregnancy
▼ + stars: | 2024-09-30 | by ( Shawn Nottingham | ) edition.cnn.com time to read: +6 min

CNN —A Georgia judge has struck down the state’s six-week abortion ban, declaring it unconstitutional. In a ruling issued on Monday, Judge Robert McBurney said Georgia’s Living Infants Fairness and Equality Act, or LIFE Act, infringes on a woman’s state constitutional rights. When originally signed into law, the LIFE Act criminalized most abortions after an embryo generates detectable cardiac activity, typically around six weeks into a pregnancy. When the US Supreme Court overturned Roe v. Wade in 2022 and ended a national right to abortion, it opened the door for state bans. Democrats argue such deaths were a predictable outcome of laws that took effect after the Supreme Court overturned Roe v. Wade.

Persons: CNN —, Robert McBurney, ” McBurney, Roe, Wade, Kara Murray, Chris Carr, “, ”, Brian Kemp, Kemp, ” Kemp, Court’s, McBurney, Monica Simpson, “ Today’s, there’s, hasn’t, Kamala Harris, Donald Trump, It’s, Harris, ProPublica, Joe Biden Organizations: CNN, SisterSong, LIFE, Georgia, Republican Gov, Society of Family Planning, United States, United, American Civil Liberties Union, Trump, Democratic, Associated Press Locations: Georgia, North Carolina, Illinois, United States, Atlanta

☆ She claimed she aborted her baby at nine months. In this country, there’s no law against that
▼ + stars: | 2024-09-20 | by ( Lex Harvey | Gawon Bae | ) edition.cnn.com time to read: +13 min

Protesters hold placards reading 'Abolish punishment for abortion' as they protest South Korean abortion laws in Gwanghwamun plaza in Seoul on July 7, 2018. efired/iStockphoto/Getty ImagesBy not passing abortion laws, the National Assembly is “not doing its job,” said Cho Hee-kyoung, a law professor at Hongik University in Seoul. Changing attitudes to abortionDespite the country previously having highly restrictive abortion laws, abortion has not historically been the lightning rod in South Korea that it has been in the United States. If overpopulation had once prompted the government to push abortions, South Korea was now dealing with the opposite problem. It is impossible to know the true number of abortions that take place each year in South Korea because the procedure is unregulated.

Persons: haven’t, It’s, Ed Jones, “, ”, Cho Hee, ” Cho, Nayoung, Cho, Jung Yeon, Susanné Seong, “ They’ve, Charlie Neibergall, ” Nayoung, SeongJoon Cho, Yoon Suk, she’d Organizations: Seoul CNN, vlogger, Seoul National Police, South Korean, YouTube, CNN, Getty, National Assembly, Hongik University, country’s Ministry, Justice, Health and Welfare Ministry, Health, Ministry, Welfare Ministry, World Bank, South Korea’s Institute for Health, Social Affairs, Human Rights Watch, Korea, Pharmaceutical Affairs, Supreme, Ministry of Food and Drug Safety, South, Bloomberg, Organization for Economic Cooperation, Development, HRW, Police Locations: Seoul, South Korea, Korean, Gwanghwamun, AFP, South, efired, “, United States, Jusarang, Ames , Iowa, Canadian, Korea

☆ Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck
▼ + stars: | 2024-08-09 | by ( Michael Wayland | ) www.nbcnews.com time to read: +2 min

DETROIT — Automaker Stellantis plans to indefinitely lay off up to 2,450 U.S. factory workers later this year as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. It is produced alongside the Jeep Wagoneer and Grand Wagoneer at the Warren Truck Assembly Plant, located near Detroit. The current Ram 1500, which was recently updated for the 2025 model year, is produced at a nearby plant. “With the introduction of the new Ram 1500, production of the Ram 1500 Classic at the Warren [Michigan] Truck Assembly Plant will come to an end later this year,” the company said in an emailed statement. The discontinuation of the Ram 1500 “Classic” vehicle is not unexpected, but the company has not announced a vehicle to replace the truck.

Persons: Ram, Chris Feuell, Carlos Tavares Organizations: DETROIT, Warren, Assembly, United Auto Workers union, CNBC, Fiat Chrysler, France’s PSA Groupe Locations: Michigan, Detroit, Warren

☆ Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
▼ + stars: | 2024-07-30 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

CEO of auto giant Stellantis Carlos Tavares speaks to journalists during a joint media event by Stellantis and Leapmotor in Hangzhou, in eastern China's Zhejiang province on May 14, 2024. DETROIT – Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits. The company, which reported disappointing first-half results last week, said if not enough employees participate in the buyout program, involuntary terminations could follow. Stellantis confirmed the buyout program, which was first by Automotive News, early Tuesday afternoon. Stellantis last conducted a voluntary buyout program in November, offering the deals to roughly half of its U.S. white-collar employees.

Persons: Carlos Tavares, headcount, Stellantis, excessiveness, Tavares Organizations: DETROIT –, U.S, Automotive News, Fiat Chrysler, France's PSA Groupe, CNBC Locations: Leapmotor, Hangzhou, China's Zhejiang province, Italy

☆ Ex-employees sue Elon Musk and SpaceX, claiming illegal firings after they called out alleged gender bias and harassment
▼ + stars: | 2024-06-12 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

New York CNN —SpaceX and CEO Elon Musk were sued on Wednesday by former employees who claim they were illegally fired for raising concerns about gender discrimination and sexual harassment at the rocket company. The eight former employees were involved in writing a 2022 open letter criticizing Musk and urging SpaceX executives to make the firm’s culture more inclusive. Following the letter’s release, the eight employees were fired. Wednesday’s complaint alleges that “Musk personally ordered the Plaintiff’s terminations.”SpaceX did not immediately respond to a request for comment on the lawsuit. (Musk has denied the harassment claims.)

Persons: Elon Musk, Musk, Twitter —, “ Musk, Gwynne Shotwell, Tom Moline, ”, ’, “, “ I’ve Organizations: New, New York CNN, SpaceX, Twitter, New York Times, National Labor Relations Board, CNN, MIT, Business Locations: New York, California, Texas

☆ SpaceX Is Sued by Employees Fired After Criticizing Musk
▼ + stars: | 2024-06-12 | by ( Eli Tan | ) www.nytimes.com time to read: +1 min

Eight former employees of Elon Musk’s rocket company, SpaceX, sued the company and Mr. Musk on Wednesday, contending they were wrongfully fired for raising concerns about sexual harassment and discrimination in the workplace. The employees were fired in 2022 after they circulated an open letter urging SpaceX executives to condemn Mr. Musk’s comments on Twitter, later renamed X, which amounted to “a frequent source of distraction and embarrassment for us.” After being made aware of the letter, Mr. Musk ordered the terminations, according to the complaint. “Our eight brave clients stood up to him and were fired for doing so,” Laurie Burgess, a lawyer representing the former SpaceX employees, said in a statement. “We look forward to holding Musk accountable for his actions at trial.”The plaintiffs are seeking an unspecified amount of compensatory damages. SpaceX did not immediately respond to a request for comment.

Persons: Musk, Musk’s, ”, “, ” Laurie Burgess Organizations: Elon, SpaceX, Twitter

☆ Google workers fired for Israel contract protests claim terminations were illegal
▼ + stars: | 2024-05-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Google employees who were fired for protesting the company's work with Israel have gone to the NLRB. AdvertisementGoogle workers who were fired for protesting against the company's cloud contract with the Israeli government filed a complaint with the National Labor Relations Board on Monday. Last month, Google said that it fired 28 employees for staging in-office protests in New York City and Sunnyvale, California. But Google told BI last month that the company's work was not directed at highly sensitive or classified military projects relevant to weapons or intelligence services. AdvertisementThe ongoing dispute between Google and some of its employees highlights companies' tricky balance between their business interests and their workers' desire for self-expression.

Persons: —, Nimbus, Rob Munoz Organizations: Google, Service, National Labor Relations Board, Business, NLRB, BI, Amazon, Protesters, Washington Post, Nimbus, Post Locations: Israel, New York City, Sunnyvale , California, Gaza

☆ Google fired 28 employees for staging in-office protests against the company's contract with Israel
▼ + stars: | 2024-04-18 | by ( Ana Altchek | Meghan Morris | ) www.businessinsider.com time to read: +6 min

Nine Google employees were arrested after protesting the company's contract with Israel. AdvertisementA small group of Alphabet employees' long-simmering protests against the Google parent company's work with Israel ended with more than two dozen terminations on Wednesday. Google fired 28 employees who participated in office protests in New York and California on Tuesday, the company said on Wednesday. Last month, a Google employee protesting the contract was fired for disrupting a talk in New York by the company's head of Israel. Related storiesMore than 100 people, including Google workers, protested the project outside the company's New York office in 2022.

Persons: —, Israel, Santa Clara County, Chris Rackow, Nimbus, Dzanh Le, Speaks Le, Le, Hasan Ibraheem, Ibraheem Organizations: Google, Israel, Service, Amazon, New York . Police, New York Police Department, Tech, Apartheid, Hamas, BI, Sunnyvale Police, Bloomberg Locations: California, New York, Sunnyvale , California, New York City, Sunnyvale, Santa Clara, Israel, York, Google's New York City

☆ Tesla is laying off more than 10% of its workforce, memo shows
▼ + stars: | 2024-04-15 | by ( Grace Kay | Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Tesla is reducing its workforce by more than 10%, per an internal memo seen by Business Insider. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Some Tesla employees lost access to their emails and Teams by Monday, two people with knowledge said. Related storiesBefore the layoffs, Tesla said it employed over 140,000 workers globally, including over 20,000 at its Fremont factory in California. Musk told staff in May that he must personally approve all new Tesla hires.

Persons: Tesla, —, Elon Musk, Musk, Tesla's Organizations: Business, Service, Bloomberg Locations: Berlin, Fremont, California, Buffalo , New York

☆ Germany should legalize abortion up to 12 weeks, a government commission recommends
▼ + stars: | 2024-04-15 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +4 min

Berlin CNN —Germany should overturn its 150-year old ban on abortions and make terminations legal within the first 12 weeks of pregnancy, a government-appointed panel of experts said on Monday. The procedure is de-criminalized up to 12 weeks of pregnancy, but anyone seeking a termination must attend a compulsory counselling session followed by a mandatory three-day waiting period. After 12 weeks, abortions are only allowed in exceptional circumstances, such as if the pregnancy or birth poses a risk to the mother’s physical or mental health. “(The commission’s) recommendations provide a good basis for the open and fact-based conversation that is now necessary,” German Minister for Family Affairs Lisa Paus said in a statement on Monday. The proposals from Prime Minister Donald Tusk’s party would legalize abortion up to 12 weeks, a move more in line with some Western European countries.

Persons: Liane Woerner, “, Lisa Paus, Karl Lauterbach, ”, Donald Tusk’s, Andrzej Duda, Roe, Wade Organizations: Berlin CNN —, Reproductive, Social Democratic Party, SPD, Greens, Free Democrats, University of Constance, German Federal Statistical Office, Christian Democratic Union, Central Committee, Bishops ’ Conference, Family, German, Law, Justice Locations: Berlin CNN — Germany, Germany, France

☆ Trump’s extreme rhetoric is a mainstay of his 2024 campaign. Much of it could become a reality if he wins another term
▼ + stars: | 2024-04-13 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +12 min

His pledge to direct Justice Department investigations is backed by allies who view his second term as driven by a maximalist theory of a president’s authority. But it also underscores why a second Trump term would be dramatically different. Some in Washington saw them as guardrails for a White House intent on fracturing not one, but all three branches of government. Yet Trump, should he secure a second term, would enter the White House with his most powerful Republican critics on Capitol Hill almost all gone. That would be a position that isn’t backed by his second term policy plans, or his private impulses during his first term in office – or, for that matter, in the decades prior.

Persons: Donald Trump, –, guardrails Trump, Jack Smith, Trump, ” Trump, Biden, ”, Joe Biden, he’s, He’s, Liz Cheney, Hillary Clinton, Clinton, John Kerry, John Bolton, It’s, Paul Ryan, Mitch McConnell, Ryan, ” McConnell, Mike Johnson, “, aren’t, Trump’s, – “, Hugh Hewitt, ” “, Charlie Rose, Rose, Larry King, Erin Burnett Organizations: CNN, Republican, Department, Capitol, Democrats, Trump, White, GOP, Joint Chiefs, Staff, Democratic, Trump’s Justice, Bolton, Congressional Republicans, Wisconsin Republican, Louisiana Republican, Mar, White House, Justice Department, CNBC Locations: Washington, Wisconsin, Louisiana

☆ Poland is debating an end to its near-total abortion ban, setting up a heated political fight
▼ + stars: | 2024-04-11 | by ( Rob Picheta | ) edition.cnn.com time to read: +7 min

Though fraught with obstacles, the decision to bring abortion back to the fore was one Tusk had to make. Donald Tusk leads a broad coalition which is divided on how to tackle the issue of abortion. Third Way lawmakers have also supported a referendum on changes to the abortion law, a potentially long-running saga that Tusk is eager to avoid. Poland’s near-total abortion banThe move by PiS to dramatically toughen already restrictive abortion laws in 2020 set off a heated fight in Polish politics whose ruptures are still closely felt. That effort was blocked by opposition lawmakers, many of whom now find themselves in Tusk’s coalition.

Persons: Donald Tusk’s, Tusk, Andrzej Duda, Lewica, Donald Tusk, Omar Marques, ” Izabela, PiS, liberalize, Szymon Holownia, Wojtek Radwanski, President Duda, Leszczyna, TVP, Duda, Tusk’s Organizations: CNN, European Union, Getty, Justice, Poland’s, Health, TVP, Ministry, Third, stoke Locations: Poland, Europe, Polish, Poland’s, Warsaw, AFP

☆ Leaked document shows Amazon expects to save $1.3 billion by slashing office vacancies and terminating leases early
▼ + stars: | 2024-03-27 | by ( Eugene Kim | ) www.businessinsider.com time to read: +5 min

Read previewAmazon expects to save roughly $1.3 billion in coming years by radically reducing office vacancies, according to a person familiar with the matter and an internal document obtained by Business Insider. The company's office-vacancy rate of almost 34% results from slower growth and layoffs, the person familiar told BI. Related storiesIn an email to BI, Brad Glasser, a spokesperson for Amazon, said it's a normal business practice to review the company's real-estate portfolio. AdvertisementThe person familiar with the matter also noted that so-called "hibernations" can help reduce office costs for Amazon. Internally, Amazon is aware of how last year's RTO policy caused confusion and frustration among some employees, people familiar with the plans told BI.

Persons: —, Fitch, Brad Glasser, Glasser, Andy Jassy Organizations: Service, Business, Google, Amazon, Alexa

☆ Official Amazon HR document reveals a spike in employees put on PIPs during a time of record layoffs
▼ + stars: | 2024-03-20 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Layoffs vs. terminationsThe spike in PIPs coincided with 27,000 layoffs that Amazon announced between November 2022 and March 2023. "Managers, however, do not engage in performance management work eagerly. "To suggest we use our performance management process to drive any other outcome, such as reducing our employee base, is wrong," Callahan added in a statement. PIPs and quiet firingSome Amazon employees previously told BI that the company had put more people on PIPs as part of what they perceived as the quiet-firing push. Amazon had roughly 400,000 total corporate employees in that period, according to another internal document obtained by BI.

Persons: They're, aren't, Margaret Callahan, Callahan, Erik Gordon, David Ryder, cumulatively, Peter Cappelli, Cappelli, Amazon's, couldn't, Eugene Kim, Peter Capelli Organizations: Amazon, Business, Experience, Technology, BI, University of Michigan, Pivot Employees, University of Pennsylvania, Wharton's Center, Human Resources

☆ Wells Fargo has cleared 6 regulatory hurdles since Charlie Scharf took over as CEO in 2019. Here’s how shares reacted to each
▼ + stars: | 2024-03-09 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. Wells Fargo stock gained 59% for all of 2021 compared with the KWB's 36% rise. Jan. 5, 2021: During the same year, Wells Fargo announced that an OCC consent order from 2015 had been terminated. Wells Fargo shares plunged nearly 44% in 2020, which were the early days of the Covid pandemic. Wells Fargo bank signs in New Brighton, Minnesota.

Persons: Charlie Scharf, Wells, Morgan Stanley, they've, Scott Siefers, Piper Sandler, we're, Scharf, Wells Fargo, Jeff Marks, Marks, Jan, Jim Cramer's, Jim Cramer, Jim, Michael Siluk Organizations: Management, CNBC, Federal Reserve, Currency, JPMorgan Chase, Bank of America, KBW, Club, OCC, Wells, Financial Protection Bureau, Silicon Valley Bank, Wells Fargo, UCG, Getty Locations: Wells Fargo, Wells, Silicon, New Brighton , Minnesota

☆ I'm an employment lawyer. Here are the first 3 questions to ask HR if you're laid off or fired.
▼ + stars: | 2024-02-26 | by ( Jane Zhang | ) www.businessinsider.com time to read: +8 min

HR has three main objectives when conducting terminationsThere are three main objectives, from the HR professional's standpoint, when terminating somebody. But the more questions employees ask, the more it opens the company up to liability if HR or the supervisor doesn't answer the questions correctly. If you're an at-will employee, the company doesn't need to provide you with a reason you're being fired. The employment attorney can explain to you what you're signing because the agreements are often very hard to understand. If you're a former HR executive or professional who has insight into HR practices and would like to share your story, email Jane Zhang at janezhang@businessinsider.com.

Persons: Craig Levey, Levey, I've, They're, it's, they're, you've, Jane Zhang Organizations: Bennett, Belfort, Employees Locations: P.C, Cambridge , Massachusetts, janezhang@businessinsider.com

The tech sector is having a big 2024. Hotter-than-expected inflation data may also keep the Fed from cutting rates as soon as the market expects, a sign that the economy remains strong enough to support tighter monetary policy for longer. It's a different story for tech workers, though. The number of tech sector layoffs in 2024 has been outpacing the number of terminations in 2023. So far, about 42,324 tech employees were let go in 2024, according to Layoffs.fyi, which tracks layoffs in the tech industry.

Persons: Jeff Shulman, There's, haven't, they've Organizations: Nvidia, University of Washington's Foster School of Business, Companies Locations: U.S

☆ Walmart and Amazon face legal trouble for using a points system to track and fire employees over absences: lawyers
▼ + stars: | 2024-02-21 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +18 min

AdvertisementWalmart would not provide details on its points-based attendance system to Business Insider. AdvertisementSimilar to Walmart's policy, Amazon uses a points-based attendance system that could land employees in hot water if they hit eight points in a rolling 60-day period, according to the company. Many companies, including mid-size ones, have started to implement a points-based system to track lateness and absences, Zambrano noted. Amazon disputed the description of its points-based attendance system as totally "automated." "The attendance system works very similar to a standard time clock system," Stephenson, Amazon's spokesperson, told Business Insider.

Persons: Ron Zambrano, Zambrano, Lizzo, Nick Yasman, Yasman, Kelly Hellbusch, Hellbusch, Julio Cortez, Sam Stephenson, Stephenson, There's, Patricia Caputo, " Caputo, Caputo, Artur Widak, Amazon, Caputo wasn't, Mekaliah Torres, Torres, David Wagner, Wagner, Larreon Murphy, Murphy, they're, Elizabeth Gedmark, Gedmark Organizations: Walmart, Trial, Amazon, Business, West Coast, Lawyers, Employees, West Coast Trial, AP, United, Zambrano , West, California's Kern County Superior Court, Superior Court, California's Riverside County Superior Court, California's Sacramento County Superior Court Locations: California, Amazon, New York, Zambrano ,, California's Kern County, California's Fresno, California's Riverside County, California's Sacramento County

☆ A better way to handle layoffs
▼ + stars: | 2024-02-20 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

Out of everything that happens in the workplace, nothing underscores the harshly transactional nature of employment more than the way companies terminate their employees. To be sure, there are times when layoffs are necessary for the health — and even survival — of a company. In other words, the pitiless and coldhearted way businesses handle dismissals isn't just destructive to those who get dismissed. Is there a better way to handle layoffs? For starters, Herd says, managers should look the employees they're dismissing in the eye, rather than reading from a script.

Persons: TikTok, Brittany Pietsch, she'd, isn't, Pietsch, they're, you've, — they're, Slack, it's, Sandra Sucher, Sucher, pare, Ashley Herd, Herd, —, Reagan, Aki Ito Organizations: Mafia, Harvard Business School, Nokia, Business

☆ Former TikTok executive sues the company for alleged gender and age discrimination
▼ + stars: | 2024-02-09 | by ( Clare Duffy | ) edition.cnn.com time to read: +6 min

New York CNN —A former TikTok senior executive is suing the company alleging that she experienced discrimination based on her age and gender during her three years working for the company. Puris also alleges the company inadequately responded after she says she reported having been sexually harassed at an event she attended for work. TikTok told Puris she had been fired for “performance reasons,” according to the complaint. Puris’ lawsuit is not the first time the social media giant has come under fire for alleged discrimination. “In addition, after Ms. Puris’ protected complaints, TikTok began minimizing her in the Company and important decisions affecting her team were made without her input,” the complaint states.

Persons: New York CNN —, Katie Puris, Puris, TikTok, ”, Puris “, “, Shou Chew, Chew Organizations: New, New York CNN, TikTok, Court, US, Employment, Commission, Black, CNN, Opportunity Commission, Facebook, Google, Company, Cannes Lion, Business Solutions Locations: New York, Southern, York, TikTok, United States, China

☆ Tech startup Jellysmack laid off staffers in the US and France last month. Read the memo its CEO sent to employees about the restructuring, which includes a focus on AI.
▼ + stars: | 2024-01-19 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +7 min

The creator economy startup Jellysmack laid off staffers in the US and France last month, Business Insider has learned. Jellysmack works with creators on distributing their content across platforms like Facebook and Snapchat to earn additional ad revenue, among other initiatives. We have to realign our resources around areas of the business where Jellysmack is seeing the most success. We encourage everyone to support impacted employees by reaching out to your networks to help our colleagues find their next opportunities. Jellysmack Technologies - Led by Robin (interim), this unit will continue to develop self-serve tech solutions that solve the pain points of creators.

Persons: Jellysmack, Snapchat, Michael Philippe, Philippe, Michael Philippe ,, What's, Sean, Axel, , Robin, Michael, Swann Organizations: Business, Facebook, BI, CSE, Works, Our, Jellysmack, Network Media Locations: France, French

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