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And with the company set to close a key acquisition this week, Danaher's stock is set up for a stronger 2024. On Tuesday, Danaher stock fell about 1.75%, to $218.25 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Rainer Blair, Blair, Danaher, Jeff Marks, we've, Danaher's, Jim Cramer's, Jim Cramer, Jim, Igor Golovniov Organizations: British, Danaher, CNBC, Danaher Corporation, Lightrocket, Getty Locations: Danaher, Veralto
Job openings tumbled in October to their lowest in 2½ years, a sign the historically tight labor market could be loosening. The number was well below the 9.4 million estimate from Dow Jones and the lowest since March 2021. Federal Reserve policymakers watch the report, known as the Job Openings and Labor Turnover Survey, closely for signs of labor slack. While job openings fell dramatically, total hires only nudged lower while layoffs and separations were modestly higher. Declines in job openings were widespread by industry.
Persons: Dow Jones, Tuan Nguyen, nonfarm Organizations: Labor Department, Dow, Federal Reserve, Labor, Survey, Fed, RSM, Committee, Traders, CNBC PRO Locations: U.S, October's
Some Amazon employees have noticed an increasing number of Slack messages lately from colleagues who are quitting over the company's strict return-to-office mandate. Many Amazon employees received deadlines for starting to work in offices and the uptick in departures may be related to teams nearing those various deadlines. "This [is] my last day at Amazon," another AWS employee wrote on Friday. However, BI has asked the company for comment on its RTO policy many times in recent months. "Tomorrow is my last day at Amazon," one Amazon employee wrote on Thursday.
Persons: Slack, RTO, Merritt Baer, Brad Glasser, there's, we've, Ashley Stewart Organizations: Business, Amazon, Web Services, BI Locations: RTO
US job openings hit a two-year low
  + stars: | 2023-12-05 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +4 min
That’s the lowest number job openings seen during a month since March 2021 and is further evidence of a cooling US labor market, according to the BLS’ October Job Openings and Labor Turnover Survey report. October’s tally is significantly lower than the record 12.03 million positions hit in March 2022, and the figure is approaching the roughly 7 million openings seen pre-pandemic. After two consecutive months of JOLTS surprising to the upside, the latest job openings total came in well under expectations. Economists’ forecasts called for the October postings to hit 9.3 million, according to Refinitiv consensus estimates. Employers, employees more cautiousThe Federal Reserve has been hoping to see more slack in the labor market to help in the central bank’s fight to bring down inflation.
Persons: ” Karin Kimbrough, , ” Kimbrough, “ They’ve, Tuesday’s, Kimbrough, , “ They’re, Wells, Sarah House, Michael Pugliese Organizations: Minneapolis CNN —, Bureau of Labor Statistics, BLS, Labor, CNN, Federal Reserve, Employees, Locations: Minneapolis
They stacked their plates at the end of the meal, saying they know some waiters find it annoying. AdvertisementTwo servers ignited a debate about restaurant etiquette with a TikTok showing them stacking their plates at the end of their meal. Jorj Fuchs and her friend, who both work in food service, stacked their plates at a restaurant they were visiting, saying they know fellow servers find it annoying. "As a server, don't do it if u can't stack properly," one comment reads. "Love the plate stacking though."
Persons: , Jorj Fuchs, Fuchs, Gen Zs Organizations: Service
The result may be that Gen Z largely kills off middle management roles for good. AdvertisementIt may even be that Gen Z kills off middle management for good. Success looks different to Gen ZBen Voyer, an ESCP Business School professor and founder of the Gen Z Observatory, told BI that his research showed that "success takes many more different forms" for Gen Z workers. Advertisement"It seems like the employees like to blame the middle managers, and the leadership likes to blame middle managers," she said. AdvertisementKing also agreed that Gen Z rejecting middle management is not because they're work-averse or lazy.
Persons: , Wendy, — millennials, Zers — Wendy, wasn't, Millennials, Gen Zers, Vivian Lynn, dwindles, Z Ben Voyer, Michelle P, Netflix's, it's, King, Morgan Sanner, they're, Sanner, Voyer, there's, Gen, Zers, they'll, haven't, millennials, Lynn, she's Organizations: Service, Business School, Resource Solutions, American Staffing, Harris, Pew Research Center Locations: America
Just nine months after closing its deal to acquire One Medical, Amazon is exerting more control over the primary care provider's employee pay. Prior to the Amazon acquisition, One Medical gave stock grants without baking in any growth assumptions. Like One Medical, Amazon reinforces this through its competitive total compensation program which, for corporate employees, typically includes base pay and restricted stock units (RSUs). As One Medical is now part of Amazon and can no longer grant employees One Medical stock, we are transitioning employees to Amazon's stock-based compensation model. Amazon's pay policy has long been a source of frustration for many employees.
Persons: Christine Morehead, Morehead, Dawn Brun, Slack Organizations: Business, Medical, BI, Amazon, Amazon's
Last year, suicide rates in the U.S. were the highest they had been since 1941, according to data from the Centers for Disease Control and Prevention. From 2007 through 2021, suicide rates for Americans ages 10 to 24 rose 62%, according to the CDC. Young people don't think they can make 'a significant difference'Financial instability has proven to be a large contributing factor in youth suicide. In 2014 and 2015, suicide rates at the Massachusetts Institute of Technology surpassed the national average, which was about 13 deaths per year, according to CDC data. Easier access to guns is linked to increased suicide rates, as well, as gun suicides reached an all-time high in 2022, according to CDC data.
Persons: Young, Katie Meyer, Ian Alexander Jr, Regina King, Ellis Lariviere, Mariana Fabiana, , Fabiana, Gen Z, ideation, Michele Berk, Berk, Bessel, Van der Kolk, Gen, Carl Fleischer, Fleischer, Nate Bronstein, it's, It's, Carl Fleisher, Jennifer Breheny Wallace, Wallace Organizations: Stanford University, Centers for Disease Control, North Carolina State University, Columbia University, Massachusetts Institute of Technology, MIT, CDC, Boston Child Study, Facebook, Harvard, Yale University, University of California Locations: Brooklyn , New York, U.S, Palo Alto , California, Los Angeles, Chicago
Klarna CEO Sebastian Siemiatkowski says the company is in a partial hiring freeze. He told The Telegraph AI was "a threat to a lot of jobs" across the economy. As more AI productivity tools hit the market, some workers are concerned that widespread adoption of the tech could put their jobs at risk. AdvertisementSome CEOs have already bet that AI tools will boost worker productivity and lead to reduced headcount. Other companies including AT&T have even created their own AI tools to help employees with their work.
Persons: Sebastian Siemiatkowski, Siemiatkowski, , We're, Klarna Organizations: Telegraph, Service, T's Locations: Swedish
Childfree workers told Business Insider they often feel pressured to cover for parents at work. Benson's not alone in experiencing the tension of splitting work between childfree workers and those with kids. For childfree workers, it may lead to resentment, or feeling like their time isn't as valuable. And that might, in turn, lead to childfree workers being asked to take on more. But the childfree workers, parents, and experts that Business Insider spoke with say that making it a worker-to-worker dispute takes the onus off of companies and policy.
Persons: , Kira Benson, Benson, Benson's, isn't, tenable, It's, aren't, Amanda Pericles, JessieMay Reed, they've, I'm, Benson doesn't, Arindrajit Dube, Claudia Goldin, Dube, " Dube, Evi, Nardi, Pericles, Pericles isn't, Reed, Kitty Richards, Richards, Betsy Cardenas, She's, Cardenas, we're Organizations: Business, Service, Bloomberg Law, University of Massachusetts Amherst, Treasury Department, of Labor Statistics, monopsony Locations: Seattle,
A former Amazon employee said they developed PTSD from the demanding work. A former Amazon employee was put on PIP and lost a $110,000 deposit on a houseA former Amazon Web Services employee thought things were going well before he was put on a performance-improvement plan called Pivot. An Amazon employee said Amazon placed some employees in a coaching program called FocusA marketing manager at Amazon described getting emails from their manager saying they were underperforming and needed coaching. Later, they said, a coworker pointed out that the manager might've been referring to a coaching program for underperformers called Focus. AdvertisementAn Amazon representative disputed the former employee's account, saying it "does not represent the experience of the vast majority of our employees."
Persons: wouldn't, , messaged, Slack, that's, Grigory Yakushev, Grigory Yakushev Yakushev, he'd, Yakushev, Read, Amazon, might've, I'm Organizations: Workers, Amazon, Service, Amazon Web, Business, Google, underperformers, Business Insider, Amazon HR
Amazon Web Services unveiled Q, its business-focused generative AI chatbot, last week. Q was designed to be a more reliable alternative to consumer-focused AI chatbots. AdvertisementAmazon's Q , the AI chatbot for workers its cloud division unveiled on Tuesday, appears to have a few issues. It's not uncommon for generative AI chatbots to falter. It wasn't long after Microsoft released its consumer-focused generative AI assistant, Sydney, that it went viral with its own hallucinations .
Persons: , Slack, it's, It's Organizations: Amazon Web Services, Service, Microsoft Locations: Sydney
Underwear brand Parade, once valued at $200 million, sold to a lingerie manufacturer for "peanuts." AdvertisementIn August, the Gen Z favorite underwear startup Parade sold to lingerie manufacturer Ariela & Associates International for what one former employee described as "peanuts." Some former staffers said the way founder and ex-CEO Cami Téllez ran Parade contributed to its downfall. Staffers told Business Insider that some of leadership's tactics were particularly harsh, such as announcing employee firings to the entire staff on Slack. In its first year Parade exploded, reaching nearly 100,000 customers and making nearly $9 million in sales, Téllez said.
Persons: Cami, , Cami Téllez, Slack, Kerry Steib, we've, Steib, Téllez, I'm, she'd Organizations: Service, Ariela, Associates International, AAI
"Return to the office is dead," Nick Bloom, an economics professor at Stanford University and expert on the work-from-home revolution, wrote this week. The share of paid work-from-home days has been "totally flat" this year, hovering around 28%, said Bloom in an interview with CNBC. "We are three and a half years in, and we're totally stuck," Bloom said of remote work. Why remote work has had staying powerThe initial surge of remote work was spurred by Covid-19 lockdowns and stay-at-home orders. While remote work is the labor market's new normal, there's significant variety from company to company, Pollak said.
Persons: Nick Bloom, Bloom, hasn't, Julia Pollak, Pollak, it's Organizations: Stanford University, Survey, CNBC, Census, Research, Finance, Employers Locations: U.S
This kind of reflection can elicit some regrets, but it also produces valuable insights that I can apply to my life now. While I'm happily retired, here are three things I really regret doing in my 20s — and my best advice for growing up with a more positive mindset:1. Zoom In Icon Arrows pointing outwards When I was younger, I never really thought about getting “old,” and even now the concept feels alien. Photo: Janet BlaserBut what would my life look like now if I'd had a set career path and followed it? I worked multiple jobs trying to make ends meet, but they left me tired, scattered, and not always the best company.
Persons: It's, I've, I'm, Janet Blaser, I'd, they've Locations: California, Mazatlán, Mexico
If your office culture allows or even encourages working outside of business hours, it can be hard to disconnect. Even if your PTO isn't for a few weeks, "right now" is the best time to remind your managers and colleagues you'll be out, Smith says. Here's how to disconnect from work this holiday season:Remind your boss now, and then remind them againYour manager probably doesn't remember exactly what days you'll be gone. "Just say, 'As a reminder it's Wednesday and Friday is my last day in the office,'" Smith says. Make your OOO email more personalCraft an out-of-office email that includes some personal details about your time off.
Persons: Brandon Smith, you'll, Smith, Celeste Headlee, Headlee, Slack
Salesforce shares jump on better-than-expected earnings report
  + stars: | 2023-11-29 | by ( Ari Levy | ) www.cnbc.com   time to read: +2 min
Salesforce shares rose more than 8% in extended trading on Wednesday after the cloud software vendor reported fiscal third-quarter earnings that topped analysts' estimates. Here's how the company did:Earnings: $2.11 per share, adjusted, versus the $2.06 per share expected by LSEG$2.11 per share, adjusted, versus the $2.06 per share expected by LSEG Revenue: $8.72 billion versus the $8.72 billion expected by LSEGRevenue increased 11% from $7.84 billion a year ago. In its biggest unit, which provides customer support, Salesforce saw revenue jump 12% to $2.07 billion. Salesforce shares rose to $250 after the earnings report. WATCH: Salesforce CEO Marc Benioff: When I talk to CEOs they are all Slack-first
Persons: Marc Benioff, Salesforce Organizations: Economic Cooperation, APEC, LSEG, LSEG Revenue, Nasdaq, Revenue Locations: Asia, San Francisco , California
REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 29 (Reuters) - Salesforce (CRM.N) raised its annual profit forecast and its third-quarter results beat Wall Street targets on Wednesday, benefiting from a strong demand for its cloud and business products in an uncertain economy. Salesforce expects fourth-quarter adjusted profit in the range of $2.25 to $2.26 per share compared with estimates of $2.17. It forecast revenue between $9.18 billion and $9.23 billion, the midpoint of which exceeded estimates of $9.21 billion, according to LSEG data. The company's third-quarter revenue of $8.72 billion narrowly beat expectations, while adjusted profit of $2.11 per share beat estimates by 5 cents. It also raised the lower end of its annual revenue forecast to $34.75 to $34.8 billion.
Persons: Porte, Benoit Tessier, Salesforce, Charlie Miner, Einstein, Slack, Zaheer Kachwala, Arun Koyyur Organizations: Viva Technology, Porte de, REUTERS, Wall, Thomson Locations: Paris, France, Bengaluru
For Amazon, AWS is more important than ever. Targets missedAWS is falling short of reaching sales goals in its startups and small-business segments, two employees told BI. Burnout and attritionSeveral AWS employees also pointed to high turnover as a major point of concern. AWS employees told BI it still remains to be seen how all these changes will manifest in the months to come. "The most significant single sentiment we feel is uncertainty," one of the AWS employees told BI.
Persons: Matt Garman, Garman, Mark Shmulik, Bernstein, Rob Munoz, Munoz, Charlie Bell, Rachel Thornton, Chris Vonderhaar, Peter DeSantis, DeSantis, Andy Jassy Mike Blake, AWS's, Prasad Kalyanaraman, Kalyanaraman, Amazon's, Bard, Adam Selipsky, Adam Selipsky Noah Berger, Selipsky, Andy Jassy, Jeff Bezos, Jassy, Geekwire Organizations: Amazon Web, AWS, Business, Amazon, SMB, Enterprise, Reuters, Microsoft, Google, BI Locations: Las Vegas, AMZN's, billings
Many millennial parents say they can't get the support they need from their parents. "If Mom and Dad ran out of town, we were at Grandma's," the 33-year-old told Business Insider. AdvertisementStill, many millennial children, including Dobson's own, would prefer time spent — and not necessarily money. Some millennial parents feel aloneThis distance from their parents, Cox said, is a part of other shifts that have made millennial parents feel more alone. What millennial parents really need is someone who can help relieve "the parenting pressure," Cox said, a trusted extra person who's available to pick up some of the slack.
Persons: Millennials, , Kristjana Hillberg, Dad, Grandma wasn't, there's, Leslie Dobson, Ted Dobson, they've, Dobson, millennials Dobson, hasn't, he's, he'd, They've, It's, Daniel Cox, Cox, Nella Hanson, Hillberg, Roxanne, Kurt, Lily, we'd, Stone, Hanson, Norman, Boomers Organizations: Service, Business, Boomers, Bank of America, Federal Reserve, , Isla Espiritu Santo, Survey Center, Google Locations: Los Angeles, California, Mexico, Costa Rica, Europe
Amazon unveils Q, its AI chatbot for workers
  + stars: | 2023-11-28 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +2 min
Amazon's cloud division has just unveiled Amazon Q, its AI chatbot for workers. Amazon Q aims to help workers draft emails, write blogs, summarize reports, and troubleshoot bugs. AdvertisementThere's yet another generative AI chatbot on the market — this time from Amazon. On Tuesday, Amazon Web Services, the retail giant's cloud division, unveiled Amazon Q, its generative AI chatbot that can be tailored specifically to a business, according to Amazon's press release. Marketing professionals, project managers, and sales representatives at companies that use AWS can prompt Amazon Q to draft emails, summarize reports, and write blog posts, according to Amazon.
Persons: , Slack, Q, Adam Selipsky, OpenAI, Bard, Amazon's chatbot Organizations: Service, Amazon, Web Services, Google, Microsoft, Amazon Web Services, New York Times
Amazon announces Q, an AI chatbot for businesses
  + stars: | 2023-11-28 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
Amazon on Tuesday announced a new chatbot called Q for people to use at work. The Copilot for Microsoft 365 and Duet AI for Google Workspace for business workers both cost $30 per person per month. As a result, with Q, people can discuss information that's stored in Microsoft 365, Dropbox, Salesforce and Zendesk, along with AWS' S3 data-storage service. Administrators will be able to determine whether Q can answer people's questions about general topics, said Deepak Singh, an AWS vice president. WATCH: The market now sees Amazon as more of a cloud and generative AI company, says Needham's Laura Martin
Persons: James Bond, Salesforce's Slack, Adam Selipsky, Selipsky, Steven Dickens, Q, Deepak Singh, Needham's Laura Martin Organizations: Amazon Web Services, Microsoft, Google, Star Trek, Futurum, AWS Locations: Las Vegas
The new software arrives roughly a year after OpenAI’s ChatGPT burst onto the scene, setting off a frenzy of investment in generative AI startups. AWS CEO Adam Selipsky, at Amazon’s annual cloud computing conference in Las Vegas, announced a new safeguard against objectionable content on generative AI applications, called Guardrails for Bedrock. Because generative AI is trained on publicly available content, offensive words or other objectionable content can slip through into results from users’ prompts. Selipsky said the new service was important for customers to put limits they see fit on the generative AI they use. Also at the conference, Amazon announced it would indemnify its customers against lawsuits based on the misuse of copyrighted materials.
Persons: Vincent West, Slack, OpenAI’s, Adam Selipsky, Selipsky, , Greg Bensinger, Marguerita Choy Organizations: REUTERS, Facebook, Amazon, Getty, Thomson Locations: Trapagaran, Spain, Las Vegas, Seattle
BRUSSELS, Nov 28 (Reuters) - EU antitrust regulators have asked Microsoft's (MSFT.O) rivals whether the U.S. software giant's proposal to unbundle its chat and video app Teams from its Office product is sufficient to address their concerns, according to a questionnaire seen by Reuters. Microsoft announced its offer in August, a month after the European Commission opened an investigation into its bundling of Office and Teams, following a 2020 complaint by Salesforce-owned (CRM.N) Slack, a rival rival workspace messaging app. Regulators asked rivals to provide feedback from potential customers on how their services could operate in tandem with Microsoft's services, the pricing of products with and without Teams and eligibility criteria. In August Microsoft said that Office without Teams would be 2 euros per month cheaper than with Teams. Asked for comment, Microsoft referred to its August statement saying that the company was committed to finding solutions to address the Commission's concerns.
Persons: Microsoft's, Slack, Foo Yun, David Goodman Organizations: Reuters, Microsoft, European Commission, Salesforce, EU, Regulators, Thomson Locations: BRUSSELS, U.S
Viva Engage, Microsoft's slick message board designed to compete with Slack, is often touted as "Facebook for work." In October, according to internal messages viewed by BI, a Microsoft employee shared a post praising child tax credits as a way to reduce poverty. Employees with pro-Palestinian views have also used inflammatory language in their posts on Viva Engage. It has cut off the comments to Viva Engage posts it considered too incendiary. "It's important to recognize the pain and suffering of so many people, including our colleagues, as the events in Israel, Gaza, and the surrounding region continue to unfold," Nadella wrote.
Persons: Slack, , Sandy Hook, chimed, George Floyd, Satya Nadella, Roe, Wade, Kathleen Hogan, Israel, Nadella, Benjamin Netanyahu, Charlie Bell, Scott Guthrie, Rajesh Jha, Microsoft's, Cherry, Davis Polk, Israel's, Ashley Stewart Organizations: Viva Engage, Facebook, Microsoft, Business, Engage, BI, Employees, Israel, Israel Defense Forces, Harvard, Hamas, Wardwell, Ivy League, New York Times, Apple, Amazon Web Services Locations: Israel, Gaza, Uvalde, Columbia, Silicon Valley, America, Haifa, Herzliya , Tel Aviv, Nazareth, Palestine, Gaza . Harvard, Tel Aviv, Seattle
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