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☆ Vince McMahon's daughter, Stephanie McMahon, resigned as WWE co-CEO after father's return to the company
▼ + stars: | 2023-01-11 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

WWE announced on Tuesday that Stephanie McMahon had resigned from her role as co-CEO. Her father, Vince McMahon, returned to the board last week, less than six months after retiring. Vince McMahon stepped away last year amid sexual misconduct allegations against him. WWE announced on Tuesday that Stephanie McMahon, Vince's daughter, resigned from her role as co-CEO and chairwoman. Last year, the board began investigating millions of dollars McMahon had paid several women who had made misconduct allegations against him.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ Inside the turmoil at Cheddar News, where an editorial 'identity crisis' and misfired social media strategy divided the newsroom and drove staffers to the exits
▼ + stars: | 2023-01-09 | by ( Reed Alexander | Elaine Low | ) www.businessinsider.com time to read: +21 min

16 insiders described unrest and discord partly fueled by the site's revamped social media strategy. Malaspina's plan was for Cheddar to look and feel like a social media platform and to position its stars as influencers. Concerns inside Cheddar intensified when Malaspina, a newcomer to journalism, refocused its coverage on social media content. Multiple segments and even an entire show — "Trending" at 7 p.m. — centered on social media trends and TikTok challenges. It's very troubling to think that news professionals would inflate or distort their social media followings.

The chaos unfolding in the new Republican-controlled House shows that analysis, if it was ever true, certainly doesn’t hold today. Since the new Congress began Tuesday, every time Rep. Kevin McCarthy, R-Calif., has called a vote to be elected speaker, he has gotten no closer to the gavel. Though there is no shortage of backroom deal-making going on among House Republicans, either, the public nature of the leadership fight means many of the concessions McCarthy is offering have been announced by his opponents. Back in 1995, Newt Gingrich nudged aside longtime House Republican leader Bob Michel of Illinois to become the first Republican speaker of the House in 40 years after President George H.W. That helped oust House Speaker John Boehner, R-Ohio, in 2015 and then his successor, Paul Ryan, R-Wis., once a conservative darling.

REUTERS/Leonardo Fernandez ViloriaCARACAS, Jan 5 (Reuters) - Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo (PDVSAC.UL). The assembly voted last week to remove Juan Guaido, the public face of the fractious opposition since 2019, as its interim president. The new leadership triumvirate is assembly president Dinorah Figuera and vice-presidents Marianela Fernandez and Auristela Vasquez - from opposition parties Justice First, A New Era and Democratic Action respectively. The new leadership will designate a five-member commission to manage foreign assets like Citgo, a subsidiary of state-owned oil company PDVSA. Because of its backing abroad, the opposition is able to control foreign assets based in other countries, like $1 billion in gold stored at the Bank of England.

A spokesperson for the U.S. National Security Council said President Joe Biden's administration will continue to back Venezuela's interim government "regardless of what form it takes." He did not comment on whether that support included extending a key protection to Citgo under the new structure. Another potential scenario with the commission taking over: a new U.S. court battle over the legitimacy of Citgo's board of directors. A federal court in 2020 ratified the executives appointed by Guaido to run Citgo. Lawyers advising Citgo's supervisory boards have warned about the challenges of presenting a new government structure before U.S. courts.

☆ Hooters dispels rumors that it's shutting down and rebranding in response to study that claims millennials 'aren't that into boobs'
▼ + stars: | 2022-12-29 | by ( Bethany Biron | ) www.businessinsider.com time to read: +4 min

A viral tweet falsely claimed Hooters is shutting down and rebranding to appeal to millennials. "There is no validity to this story," Hooters of America said in a statement shared with Insider. The tweet — posted by Daily Loud, a website focused on hip-hop and viral news — claimed Hooters "was shutting down and 'rebranding' after a new study found that millennials 'aren't that into boobs.'" The 2017 study by Pornhub found younger people were less likely to search for breasts on pornography websites. After a series of viral TikTok videos shared by staffers, Hooters adjusted its policy to make the new uniforms optional.

☆ Look past the crisis the DC movie universe seems to be in right now and you'll see a plan taking shape
▼ + stars: | 2022-12-16 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

Confusion has swirled in recent months around the future of the DC movie universe. But a plan is taking shape, based on what new DC Studios co-CEO James Gunn and others have confirmed. Gal Gadot as Wonder Woman in "Wonder Woman 1984." The third "Wonder Woman" movie is on ice. Ben Affleck has expressed an interest in directing a DC movie.

☆ Why marginalized content creators will likely be the most affected by tech industry turmoil
▼ + stars: | 2022-12-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

But today, we're talking about another group of people who will be affected by the recent tumult: content creators. The chaos at social media companies is hurting the most vulnerable content creators. Tumult is sweeping Big Tech, with thousands of full-time employees affected by industry layoffs. But some of the biggest losers from the shake-up will be the content creators who have fashioned careers on social media. That's particularly the case for marginalized creators, says Duffy, who's spent more than a decade studying the working lives of digital cultural producers.

☆ Salesforce employees are bracing for more layoffs amid the company's major executive exodus
▼ + stars: | 2022-12-08 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +2 min

Salesforce employees told Insider they're bracing for another round of layoffs. "People are afraid it could come at any point," one employee told Insider. "People are afraid it could come at any point," one employee told Insider. A person familiar with the matter told Insider the firm has pushed for cost-cutting measures since first approaching the company this summer. Are you a Salesforce employee or do you have insight to share?

[1/2] Peru's interim President Dina Boluarte, who was called on by Congress to take the office after the legislature approved the removal of President Pedro Castillo in an impeachment trial, waves after being sworn-in, in Lima, Peru December 7, 2022. REUTERS/Sebastian CastanedaLIMA, Dec 7 (Reuters) - Dina Boluarte became Peru's first female president on Wednesday amid a political maelstrom when her predecessor and former boss Pedro Castillo was ousted in an impeachment trial and detained by police after he tried to illegally shut down Congress. But she shot to prominence alongside Castillo as the vice president on his ticket when the pair pulled off a shock election victory in 2021 for the far-left Peru Libre party. Once in office, Castillo tapped Boluarte as his development and social inclusion minister, a role she managed to keep until recently amid several cabinet shakeups. In recent weeks, Boluarte also distanced herself from Castillo, resigning from her role as a Cabinet minister after he replaced his prime minister in what some saw as an escalation in his showdown with Congress.

☆ Digital ad firm Integral Ad Science is laying off 13% of staff
▼ + stars: | 2022-12-07 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

Integral Ad Science is going through a round of layoffs — bringing the company's headcount down to 800 people. The firm is the latest adtech to make layoffs due to economic uncertainty. Integral Ad Science plans to lay off 13% of staffers — or 120 people — as the ad industry reacts to an economic downturn. IAS CEO Lisa Utzschneider said that the layoffs bring the company's headcount to 800 people, a similar size to February 2022. Despite the layoffs, IAS slightly increased its expected fourth-quarter revenue from $110 million to $113 million, according to the 8-K form.

☆ The Federal Trade Commission says it is tracking Elon Musk's Twitter 'with deep concern' as top privacy execs quit
▼ + stars: | 2022-11-11 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

The FTC said it's tracking developments at Twitter "with deep concern," per Reuters. It made the comment after four top execs in charge of privacy at Twitter reportedly resigned. Elon Musk said on Thursday that he and his team would fully comply with FTC rules. Twitter has also fired half of its global workforce, roughly 3,700 people, alongside several other tech giants that conducted mass layoffs. Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty also resigned, according to Reuters, citing a Slack message among Twitter's staff posted by an internal lawyer.

☆ Peloton's top human resources executive is leaving the company
▼ + stars: | 2022-10-18 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

Peloton 's Chief People Officer Shari Eaton is leaving the company for another opportunity, she announced in a LinkedIn post Tuesday. Former CEO John Foley left his board chair position alongside fellow co-founder and Chief Legal Officer Hisao Kushi in mid-September. Previously at Amazon, Eaton was at Peloton for more than three years, joining as a vice president in the human resources division just months before the company's pandemic boom. She rose to become senior vice president of people, safety and security officer, and then global head of people. McCarthy elevated Eaton to chief people officer when he became CEO, which was a time of mass layoffs and personnel changes for the company.

☆ CEO David Solomon Is Restructuring Goldman Sachs Again
▼ + stars: | 2022-10-18 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +5 min

David Solomon is changing up Goldman Sachs divisions like he switches tracks. Goldman Sachs's third restructuring in four years comes as insiders have been questioning the direction that Solomon is taking the storied investment bank in. But first, read Dakin's rundown of who's up and who's down in the latest Goldman Sachs restructuring under CEO David Solomon. The Swiss bank's investment bank chief Christian Meissner is also set to leave the company in the coming weeks. Keep updated with the latest business news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief.

☆ Here's how to know if you might be on your manager's layoff list — and what to do about it
▼ + stars: | 2022-08-19 | by ( Rebecca Knight | Catherine Henderson | ) www.businessinsider.com time to read: +6 min

Experts say there are warning signs that your job may be on the line — and some are harder to spot. Insider spoke with career experts about how to prepare for layoffs in an uncertain economy. Prepare for the worstThere are ways to prepare for a layoff — or even turn things around at your job. If it's clear you're in danger of losing your job, research your severance benefits and reduce your spending. "There's a saying that you need to put on a new roof when the sun is shining," she said.

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