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☆ Salesforce's Marc Benioff causes an uproar by suggesting in a leaked internal Slack message that new employees are less productive
▼ + stars: | 2022-12-17 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce's Marc Benioff suggested in an internal Slack message that new employees are less productive. Salesforce CEO Marc Benioff appeared to cause an uproar among some employees on Friday by suggesting in an internal Slack message that new employees are less productive, and that remote work might be to blame. "How do we increase the productivity of our employees at Salesforce," Benioff asked in an internal Slack message viewed by Insider. Hundreds of employees responded to Benioff's Slack message, many of them pushing back on the premise that new employees are less productive. "Are our managers not directly addressing productivity with their teams?," Benioff also asked in the Slack message.

☆ Marc Benioff tells Salesforce workers that new employees are 'facing lower productivity'
▼ + stars: | 2022-12-16 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Salesforce co-CEO Marc Benioff told employees in a Slack message on Friday that the company's newest hires aren't being productive enough, and he asked for feedback as to why that's the case. Last year, Salesforce acquired communications app Slack, and Benioff said people can work very effectively from their homes. On Friday he highlighted an issue that he said was affecting employees who joined Salesforce this year and last. Here's the full text of Benioff's Slack post:How do we increase the productivity of our employees at salesforce? New employees (hired during the pandemic in 2021 & 2022) are especially facing much lower productivity.

☆ Blockchain Fails to Gain Traction in the Enterprise
▼ + stars: | 2022-12-15 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +7 min

Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Some companies say they haven’t found a compelling enough reason to use it. Many didn’t have digital record-keeping systems and had to make large upfront investments before they could start using blockchain, Walmart said. Walmart is using blockchain to track leafy greens and green bell peppers. Earlier this year, the state of Jharkhand in eastern India began using blockchain to track seed distributions to farmers.

☆ An SEO consultant transformed her hiring process to attract better talent and improve retention with a few tips from an HR pro
▼ + stars: | 2022-12-12 | by ( Erica Sweeney | In Partnership With | ) www.businessinsider.com time to read: +6 min

When Zhe Scott founded her SEO consulting and marketing firm, The SEO Queen, in 2017, she expected her employees to stick around long-term. Their conversations led Scott to "think about talent acquisition the same way I think about customer acquisition," she said. He and Scott shared how they overhauled Scott's hiring process and came up with solutions to improve talent retention. Scott is continuing to work on finding her next great employee using the ideas she and Coleman came up with. Treating talent acquisition as an ongoing taskWhile she hasn't found any new employees yet using updated new process, Scott said, she's confident about the long term.

☆ A stay-at-home mom started freelance writing on the side and now makes 6 figures a year — here's how
▼ + stars: | 2022-12-09 | by ( Brina Patel | ) www.businessinsider.com time to read: +6 min

Engaging with potential clients on social media before reaching out directly also helped her. So she turned to job boards like Freelance Writing, ProBlogger, and Blogging Pro, as well as LinkedIn, to find higher-paying gigs. But, she said, her business really took off once she optimized her website, started guest posting for blogs in her niche, and reached out to potential clients through social media. One guest post on Blogging Wizard, she said, drove an increase in potential clients reaching out to her. She'll then take a look at her potential clients' websites and examine areas she can improve.

"It's just one data point that leads to the Fed cooling down their aggressive hikes, but it doesn't change December's 50 basis point (rate hike). The key is going to be the data between December and February as to what they do next." The U.S. central bank has raised its policy rate by 375 basis points this year in the fastest hikes since the 1980s. Adding to the fears, the yield curve between the 2-year and 10-year Treasury notes has also widened in the recent days. ET, Dow e-minis were up 148 points, or 0.44%, S&P 500 e-minis were up 22.5 points, or 0.57%, and Nasdaq 100 e-minis were up 65.5 points, or 0.57%.

☆ How a work management platform can help your organization embrace digital transformation
▼ + stars: | 2022-12-05 | by ( Sponsor Post | Created Asana With Insider Studios | ) www.businessinsider.com time to read: +6 min

For many, this will mean moving on from a legacy ecosystem and investing in a new era of digital transformation. Ricoh's team was also primarily operating in manual workflows, which resulted in uncoordinated project launches and lack of transparency across the organization. A leading work management platform that helps organizations of all sizes orchestrate their work, Asana was a foundational step in working cohesively. Nine months in, and Ricoh's marketing team is using Asana as its day-to-day workplace management platform. Learn more about how Asana can help your team embrace a digital transformation.

☆ 13 behind-the-scenes executives leading Apple's $5 billion advertising division
▼ + stars: | 2022-11-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +10 min

Right now its roughly $5 billion-in-revenue ads business largely consists of search ads sold within the App Store. It's been a big year for Apple's ad division. We asked more than a dozen advertising industry insiders and former Apple advertising staffers to identify the most important executives building Apple's advertising business. Teresi's ascent coincides with the explosive growth of Apple's ad business in recent years. A digital advertising veteran — having held senior roles at Yahoo, Quantcast, and Adobe — Teresi joined Apple in 2012 as vice president for its iAd division.

☆ Peter Thiel's VC fund backs TreeCard, a fintech that plants trees when you spend
▼ + stars: | 2022-11-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

TreeCard offers users a spending and money management platform tied to a debit card made from wood. TreeCardTreeCard, a climate-conscious digital money app, raised $23 million from investors in a new financing round. Though based in the U.K., TreeCard chose the U.S. as its launch market. The TreeCard app includes a game that lets users visualize how many trees their activity has helped produce. TreeCard offers clients up to 3% of annualized interest on their deposits, a feature it offers through third-party vendors.

☆ Kraken to cut about 1,100 global jobs as crypto winter bites
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Cryptocurrency exchange Kraken said on Wednesday it would cut its global workforce by 30%, or about 1,100 employees, citing tough market conditions that have crippled demand for digital assets this year. Earlier this month, crypto exchange Coinbase Global Inc (COIN.O) slashed jobs in its recruiting and institutional onboarding teams. Kraken, which earlier slowed hiring and pulled back marketing spending, said it was forced to cut jobs as it had exhausted other measures to bring expenses in line with current demand. Meanwhile, the implosion of crypto exchange FTX, the highest-profile casualty of the year's market turmoil, continues to ripple across the industry, with BlockFi filing for bankruptcy earlier this week. Global regulators have since been circling crypto firms with many seeking to set tough rules to govern the largely unregulated sector.

☆ Cooling job market doesn't take the heat off the holiday hiring spree
▼ + stars: | 2022-11-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com time to read: +7 min

Retailers are entering the holiday season amid a swirl of mixed economic signals. That leaves companies expecting another busy shopping season as they continue to grapple with a competitive job market. Before the holiday hiring rush, retailers were already looking to fill 800,000 open positions, according to the retail federation. There are some signs though that the labor market is starting to shift in employers' favor. "This speed is imperative during holiday hiring," John Patterson, Macy’s vice president of talent, said in an email.

Australia's fourth-largest bank also said it would reduce exposure to its largest carbon-emitting customers that do not improve their emission transition plans by 2025. ANZ also disclosed that it would lower its scope 1 and 2 greenhouse gas emissions by 85% by 2025 and 90% by 2030. "Our exposure to thermal coal will continue to decline in line with our existing commitments, which includes no longer onboarding any new business customers with material thermal coal exposures, or directly financing new thermal coal mines or power plants," ANZ said. In July, Westpac (WBC.AX) unveiled plans to reduce its lending to coal, oil and gas companies by nearly a quarter by 2030 to slash emissions. read more($1 = A$1.4786)Reporting by Tejaswi Marthi and Jaskiran Singh in Bengaluru; Editing by Rashmi Aich and Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ Epstein accusers sue JP Morgan and Deutsche Bank, claiming banks benefited from sex trafficking operation
▼ + stars: | 2022-11-25 | by ( Samantha Beech | ) edition.cnn.com time to read: +3 min

New York CNN —Two anonymous women who accuse the late Jeffrey Epstein of sexual abuse have filed separate civil lawsuits against JP Morgan Chase & Co. and Deutsche Bank AG, claiming the big banks enabled and benefitted financially from Epstein’s alleged sex trafficking operation. The class action suits were filed in part under a new law in New York, which allows adult sexual abuse survivors to sue their alleged abusers, even if the statute of limitations has expired. Specifically, Deutsche Bank chose facilitating a sex trafficking operation in order to churn profits,” the suit claims. The suit alleges Deutsche Bank ignored red flags including payments to numerous young women and large withdrawals of cash. In 2020, New York regulators fined Deutsche Bank $150 million and slammed the lender for “mistakes and sloppiness” in its relationship with Epstein.

The factory’s iPhone 14 production has been slowed by a labor shortage that began last month, when a Covid outbreak and an accompanying lockdown sent workers fleeing back to their hometowns. China’s “dynamic zero-Covid” measures make it an outlier among the world’s major economies, causing growing public frustration and economic pain. Though officials announced new “optimized” measures this month, they are struggling to ease the burden without setting off a major exit wave. Despite the purported easing of measures in China, a single case can still bring targeted lockdowns and sudden quarantines. Covid measures were further tightened on Thursday in the capital, Beijing, which is already in near-lockdown with schools, parks and shopping malls closed and a negative Covid test required every 48 hours to enter public places anywhere in the city.

☆ Apple supplier Foxconn offered protesting workers $1,400 each to quit their jobs and leave 'iPhone city', report says
▼ + stars: | 2022-11-24 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Protests erupted this week at Foxconn's Zhengzhou plant over withheld pay and COVID-19 restrictions. The company has offered workers 10,000 yuan ($1,400) to quit their jobs and leave the factory. Videos posted to social media showed violent clashes between workers and security forces at Foxconn's plant in Zhengzhou, the location of a recent COVID-19 outbreak. Tensions have been brewing at Foxconn's Zhengzhou plant since an outbreak of the virus late last month. In a statement to CNN, Apple — Foxconn's largest customer — said it was "working closely with Foxconn to ensure their employees' concerns are addressed."

“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.

☆ Apple supplier Foxconn apologises for hiring blunder at COVID-hit China plant
▼ + stars: | 2022-11-24 | by ( ) www.reuters.com time to read: +4 min

Workers said on videos circulated on social media that they had been informed that Foxconn intended to delay bonus payments. The person said the company had reached "initial agreements" with employees to resolve the dispute and production at the plant continued on Thursday. The Zhengzhou plant employs more than 200,000 people to make Apple Inc (AAPL.O) devices including the iPhone 14 Pro and Pro Max. Apple said it had staff at the factory and was "working closely with Foxconn to ensure their employees' concerns are addressed”. Wedbush Securities analyst Daniel Ives expects the shutdowns to cost Apple about $1 billion a week in lost iPhone sales.

☆ Out with the new and in with the old: Why companies from Starbucks to Disney are bringing back their old CEOs to run the companies again
▼ + stars: | 2022-11-23 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +5 min

There are perhaps hundreds of qualified candidates for the job of Disney's CEO. After all, returning CEOs have mixed track records. Iger was Disney's CEO for 15 years — presumably, he won't need much onboarding. In the best-case scenario, the returning CEO has learned more in the time since leaving the post. Indeed, there's always the risk that a returning CEO leans too heavily on their former experience.

☆ Layoffs mount, and Main Street still can't find any workers to hire for open jobs
▼ + stars: | 2022-11-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +8 min

"Inflation, supply chain disruptions, and labor shortages continue to limit the ability of many small businesses to meet the demand for their products and services." Meanwhile, the National Federation of Independent Business, the main small business trade group, reported last week the tenth-consecutive month of a confidence decline on Main Street, though little change in the need to hire more workers. When it comes to salary, small business owners generally don't play in the same league as larger companies. For example, don't just offer yoga or meditation apps or gym benefits; offer multiple ways employees can recharge, Lebovits said. Finally, small businesses need to understand what attracts job-seekers in the first place and play up these advantages in all of their communications with candidates.

☆ Most Imperfect Foods employees lost money on their stock options after the grocery startup was acquired by Misfits Market. It's a cautionary tale for startup employees.
▼ + stars: | 2022-11-17 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +6 min

Roughly two-thirds of employees who exercised stock options lost money in the all-stock deal. A Misfits Market spokesperson confirmed that two-thirds of Imperfect employees who exercised their options lost money in the deal. Some startups have even offered loans to employees who want to exercise their stock options. "Just because I gave you stock options does not mean that you were going to make money," Zimmerman said. For current Imperfect employees with unvested shares, stock options will still be part of their compensation.

☆ Factbox: Corporate America cuts thousands of jobs as recession looms
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. read moreThe move marks a second round of jobs cuts at the company this year, and comes at a time when cryptocurrencies have been roiled by extreme volatility as investors dump risky assets. Walt Disney Co (DIS.N):The media giant is planning to freeze hiring and cut some jobs, according to a company memo seen by Reuters.

☆ Noose found at Obama Presidential Center site, pausing construction, builders say
▼ + stars: | 2022-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +1 min

Construction has been suspended at the Obama Presidential Center after a noose was found at the site on Chicago’s South Side, the builders said Thursday, condemning what they called an “act of hate.”“We are horrified that this would occur on our site,” the Lakeside Alliance, the group of construction companies building the center, said in a statement. The Lakeside Alliance said it was informed Thursday morning about the discovery at the project site and reported it to police. The Lakeside Alliance said it is pausing construction and offering a $100,000 reward to help find the person or people responsible. “This shameless act of cowardice and hate is designed to get attention and divide us,” the foundation said. The project broke ground in September 2021 and is expected to open in 2025, according to the center.

☆ Noose found at Obama Presidential Center construction site in Chicago
▼ + stars: | 2022-11-11 | by ( Daniel Trotta | ) www.reuters.com time to read: +2 min

Nov 10 (Reuters) - Chicago police are investigating a noose that was found at the construction site of the Obama Presidential Center on Thursday, an act the Illinois governor condemned as a symbol of racist hatred. The incident led to a temporary halt in construction, the Chicago Tribune reported, citing the construction consortium that is building the center. The noose was reported to police by the Lakeside Alliance, a construction team of Black-owned companies that is building the Obama Presidential Center, which will be a museum and public gathering space commemorating Barack and Michelle Obama, the first African-American president and first lady. The Lakeside Alliance is offering a $100,000 reward to help find those responsible, the Chicago Tribune reported, citing an alliance statement. Construction on the site began in 2021 and the center is due to open in 2025.

☆ The CEO of massage startup Squeeze is borrowing Drybar's playbook to build a self-sufficient franchise model. Here's what it looks like.
▼ + stars: | 2022-11-11 | by ( Alli Hoff Kosik | ) www.businessinsider.com time to read: +8 min

Brittany Driscoll is Drybar's former VP of marketing and the current CEO of Squeeze massage studios. When Webb and Landau asked Driscoll to become CEO, Squeeze was born, with Webb still on board as an advisor. Here's how the Squeeze team is doing it. "These are long-lasting partnerships, and we want to make sure we're finding the very best fit for both Squeeze and the franchisees," Driscoll said. It's all seamless and built in so that the operating partner and their team can focus on creating a great experience."

☆ Coinbase cuts jobs again as cryptocurrencies extend fall
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

The job cuts, the second time this year, follow a week after "crypto market headwinds" contributed to Coinbase's net loss of $544.6 million for the three months ended Sept. 30, compared to a profit of $406.1 million a year ago. read moreThe job cuts will help operate as efficiently as possible," the spokesperson said. In June, Coinbase cut 1,100 jobs, or 18% of its workforce, weeks after it said it would extend a hiring freeze and rescind a number of accepted offers. But the bigger blow to digital assets came since FTX showed early cracks. read moreReporting by Mehnaz Yasmin in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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