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☆ Remote workers and middle managers are most likely to get let go during layoff season, experts say
▼ + stars: | 2024-02-01 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Remote workers and middle managers are often more vulnerable to layoffs, experts say. Remote workers who are anxious about job security should return to the office, one expert said. Still, there's likely to be more cuts on the way, experts say, and remote workers and middle managers may be prime targets. Middle managers are also vulnerable, experts say. Meta CEO Mark Zuckerberg said in 2023: "I don't think you want a management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."

Persons: —, It's, there's, Ariel Schur, Andy Challenger, Mark Zuckerberg, Daniel Zhao, they're, Daniel Keum Organizations: Service, PayPal, ABS Staffing Solutions, Bloomberg, Wall Street, Meta, Columbia Business School

☆ Senator tells Mark Zuckerberg his product is 'killing people' at child safety hearing
▼ + stars: | 2024-02-01 | by ( Jyoti Mann | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg was grilled at a Senate hearing on online child safety on Wednesday. The Meta chief was told by Senator Lindsey Graham: "You have a product that's killing people." AdvertisementMark Zuckerberg was told that Meta's product is "killing people" at a tense Senate hearing on Wednesday. At one point, the Meta CEO was interrogated by Republican Senator Lindsey Graham during a fiery hearing on online child safety before the Senate Judiciary Committee. AdvertisementBig tech leaders from X, TikTok, Snap, and Discord were also called to testify and the child safety hearing.

Persons: Mark Zuckerberg, Lindsey Graham, —, Graham, Mr, Zuckerberg, General Raúl Torrez, Torrez, Meta didn't Organizations: Meta, Service, New, Guardian Locations: Nigeria, New Mexico

☆ EY is tracking staff office attendance with 'turnstile access' data, as some teams disregard RTO mandates
▼ + stars: | 2024-01-30 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewConsulting giant EY is keeping track of how often staff attend its offices through turnstile access data as some teams disregard its return to office policies in the UK, the Financial Times reported first. This story is available exclusively to Business Insider subscribers. One person told the FT that some partners are being shown data that connects office attendance to mid-year performance ratings. Similarly, JPMorgan required employees to return to its office three to five days a week, depending on seniority. EY declined to comment when contacted by Business Insider.

Persons: —, Kevin Ellis, PWC, EY Organizations: Service, Financial Times, Business, Partners, Citigroup, JPMorgan, Economic

☆ Billionaire Jamie Dimon says the rich should pay more to fund tax cuts for lower-income Americans
▼ + stars: | 2024-01-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Jamie Dimon said increasing taxes for the rich could enable tax cuts for lower-income workers. AdvertisementJPMorgan's CEO Jamie Dimon said that rich people should pay more taxes to help struggling lower-income Americans. Dimon, who has previously hinted that he could run for office, spoke about how the Earned Income Tax Credit or EITC could be expanded. The EITC is a refundable tax credit aimed at reducing some of the tax lower-income Americans have to pay annually. Dimon said that "there are so many tax breaks out there that shouldn't be there" for wealthy people.

Persons: Jamie Dimon, —, Dimon, filers, Katherine Michelmore, University of Michigan's Gerald R Organizations: Center, Service, Bloomberg, National Bureau of Economic Research, University of Michigan's, Ford School of Public Policy Locations: New York, Washington

☆ A TikToker apologizes for slamming a Gen Z worker who skipped an 8 a.m. meeting for a fitness class
▼ + stars: | 2024-01-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A TikToker slammed a Gen Z hire who missed an 8 a.m. meeting for a fitness class. I don't give a flying shit about your workout class. Also, an 8 a.m. workout class is too late. Alexandre Evidente, made a reaction video in the form of a skit putting himself in the position of this new Gen Z hire. Ravin Jesuthasan, a future of work expert, recently told Business Insider that Gen Z has "very different attitudes to work" versus previous generations.

Persons: —, Natalie, Alexandre Evidente, Evidente, Ravin Organizations: Service, Business

☆ Billionaire Jeff Bezos still uses a homemade scrappy door desk from the early days of launching Amazon
▼ + stars: | 2024-01-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewJeff Bezos might be a billionaire, but to this day, he still uses a homemade scrappy door desk from Amazon's early days in the 1990s. The Amazon founder's fiancée Lauren Sanchez posted a photo on Instagram over the weekend, which shows Bezos working from a laptop on the door desk. The door desk was invented by Bezos in 1995, a year after founding the e-commerce giant, according to a blog on Amazon's website . "We built door desks because it was the cheapest way we could support a desk. The door desk has since become a symbol of Amazon's culture and its core value of frugality.

Persons: —, Jeff Bezos, fiancée Lauren Sanchez, Sanchez, Bezos, Nico Lovejoy, Lovejoy, Marc Randolph, Randolph Organizations: Service, Business

☆ The non-profit behind Wikipedia and a crypto exchange are among the top companies for work-from-anywhere jobs, with some paying over $100,000
▼ + stars: | 2024-01-28 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

However, a 2023 Bankrate survey of over 2,000 adults in the US found that 64% of those already working prefer full remote work, instead of fully working in-person. Related storiesEvidently, remote work remains popular despite the pushback from companies. Companies that made the full list included cyrpto exchanges like Binance and Kraken, mobile payments firm CashApp, and Wikipedia's parent company, the Wikimedia Foundation. A director of engineering role with the Wikimedia Foundation pays between $167,046 and $260,066. Another Wikimedia Foundation role as a senior global movement communications specialist offers between $87,130 and $134,270.

Persons: —, Goldman Sachs, X, FlexJobs Organizations: Service, Business, Google, Meta, Twitter, Deloitte, Wikimedia Foundation, Media, Chainlink, Invisible Technologies, Foundation

☆ Dunkin' is being sued for $5 million by lactose intolerant customers who say charging extra for non-dairy milk is discriminatory
▼ + stars: | 2024-01-24 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Dunkin' is being sued in the US by 10 plaintiffs who are lactose intolerant and have milk allergies. The plaintiffs were charged extra for requesting non-dairy milk alternatives in its stores in the period since 2018. AdvertisementDunkin' is facing a $5 million class action lawsuit based on claims that it discriminates against customers with lactose intolerance and milk allergies by charging them extra for non-dairy milk alternatives. The lawsuit states: "Defendant's Surcharge is the same for all Non-Dairy Alternatives, making no distinction among the costs of the various different Non-Dairy Alternatives. Starbucks also came under fire in 2020 for imposing a "tax" which charged people extra for seeking non-dairy milk alternatives for ethical, environmental or medical reasons.

Persons: Dunkin, —, vegans Organizations: Service, Court, Business, Dairy, PETA Locations: Northern California

☆ A manager earning $178,000 had her work-from-home request denied by a judge
▼ + stars: | 2024-01-23 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

A judge ruled in favor of the FCA and agreed that remote work poses certain limitations. AdvertisementA senior manager at the Financial Conduct Authority in the UK had her requests to work from home full-time denied by a judge because of the "weaknesses" remote work poses. Elizabeth Wilson, a senior manager at the FCA earning a salary of £140,000 ($178,000) a year, sued the regulator after it rejected her request to work remotely full-time. His decision comes as other major companies roll back on remote work policies and enforce return-to-office mandates. The judge agreed with the FCA about the "weaknesses with remote working," and ruled that it was within its rights to deny her request.

Persons: —, Elizabeth Wilson, Robert Richter, Wilson Organizations: Financial, Authority, FCA, Service, Citigroup, Lloyds

☆ This billionaire CEO uses 'pattern recognition' to make business decisions — and so does Warren Buffett
▼ + stars: | 2024-01-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read previewA billionaire CEO said he uses "pattern recognition" to help him make smart business decisions. Michael Rubin, the founder and CEO of sports merchandise company Fanatics, told Jay Shetty's podcast about the role that pattern recognition plays in business success. Or you can find out that person was a little bit understated, but they're a beast, they've got huge followership, they're super smart, they've got an unrelenting work ethic." Rubin added: "So to me pattern recognition is everything — I use it in everything that I do." Alice Schroeder, Buffett's biographer, said in a 2010 interview: "Pattern recognition is one of his primary skills and perhaps his greatest skill."

Persons: —, Michael Rubin, Jay Shetty's, Rubin, Shetty, " Rubin, they've, Warren Buffett, Alice Schroeder, Buffett's, Buffett, he'd Organizations: Service, Business, CNBC, Forbes, Berkshire Hathaway's, Valeant Pharmaceuticals, Health Locations: Berkshire

☆ Many remote employees have 'no attachment' to their work, and no passion or creativity, the CEO of cosmetics giant L'Oreal says
▼ + stars: | 2024-01-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewL'Oreal's CEO had some harsh words for remote workers , saying they lack attachment, passion, or creativity in their roles, during the World Economic Forum in Davos, Switzerland. L'Oreal USA's former CEO Stephane Rinderknech called the company's 11,000 employees back to the office in a staggered process in July 2020. "It's vital for the company, and it's vital for the employees. CEOs have changed their tune on remote work since the pandemic saying that employees are more productive and efficient in the office. AdvertisementNumerous firms including Google, Meta, Starbucks, and JPMorgan have walked back their remote working policies as a result, and are requiring workers to come back to the office .

Persons: —, Nicolas Hieronimus —, Hieronimus, L'Oreal USA's, Stephane Rinderknech, It's Organizations: Service, Economic, Business, Daily Telegraph, L'Oreal, Google, Meta, JPMorgan Locations: Davos, Switzerland, French, California

☆ It's 3 weeks into January and your New Year's resolutions might be starting to slip. Here are 6 tips from an entrepreneur to make lasting goals in 2024.
▼ + stars: | 2024-01-21 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +7 min

Mimi Ikonn, the cofounder of wellness brand Intelligent Change and a social media influencer, told Business Insider that making lasting changes requires a holistic approach. But she warned against making too many goals and instead to narrow it down to three to five ultimate goals for the year. "The more people you tell about your goals and dreams, the more chances you're going to actually do it." Share your goals on social mediaSimilar to having an accountability buddy, sharing your resolutions on social media can actually put gentle pressure on you to achieve them. Ikonn said that one of her goals in 2024 was to do more public speaking and she decided to share this on social media.

Persons: —, Mimi Ikonn, Ikonn, newyearmoodboard, it's, You've, we'll Organizations: Service, Business, Forbes Health

☆ Gen Z is prioritizing living over working because they've seen 'the legacy of broken promises' in corporate America, a future-of-work expert says
▼ + stars: | 2024-01-19 | by ( Spriha Srivastava | Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "I think they have more of an attitude of work to live as opposed to live to work that many of us grew up with. Gen Z have watched on as millennials struggled through economic hardships including multiple recessions and a pandemic which have put a dent in their income and dreams of home ownership. Gen Z has often received flak for their flippant attitude to work, with one survey last year finding that 74% of managers say they're the most challenging generation to work with. However, Gen Z are, in fact, facing setbacks because of high levels of inflation and rising prices.

Persons: —, Ravin, Mercer, Z, Jesuthasan, Gen Zers, they're, it's, Whoopi Goldberg, Gen Organizations: Service, Business, Economic, millennials Locations: Davos, Switzerland, West

☆ Mark Cuban says becoming a billionaire is just about luck and anyone who says they can do it again is lying
▼ + stars: | 2024-01-18 | by ( Sawdah Bhaimiya | Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Read previewTV personality and businessman Mark Cuban admitted that he couldn't become a billionaire again if he had to start over because it's essentially just "luck" and anyone who thinks they can is "lying." This story is available exclusively to Business Insider subscribers. At one point Noah questioned him about how he became a billionaire to which Cuban responded frankly: "Anybody who's a billionaire who thinks they could just do it all over again is lying their ass off. "But the whole billionaire side of it, the hundreds of millions of dollars, that's just insane and that was luck," he said. Advertisement"But there's a whole lot of people who are really really smart, who do each of those things or one of them really well, and we don't know who they are," he added.

Persons: —, Mark Cuban, couldn't, it's, Trevor Noah's, Noah, Cuban, That's, that's, there's Organizations: Service, Business, NBA, Dallas Mavericks, Cuban, Yahoo

☆ DeepMind's cofounder Mustafa Suleyman warns that AI is a 'fundamentally labor-replacing' tool
▼ + stars: | 2024-01-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Mustafa Suleyman said the issue of AI replacing workers is an "open question" in the long term. The Google DeepMind cofounder said AI is a "fundamentally labor-replacing" tool in a CNBC interview. Since ChatGPT launched in 2022, there has been growing concern about AI technology. AdvertisementGoogle DeepMind's cofounder Mustafa Suleyman said AI is an "incredible technology" but that it is a "fundamentally labor-replacing" tool in the long-term, in an interview with CNBC's Squawk Box at the World Economic Forum in Davos on Wednesday . AdvertisementSome workers are concerned that AI will make their jobs obsolete because it can perform tasks like writing and coding .

Persons: Mustafa Suleyman, ChatGPT, —, CNBC's, Suleyman, OpenAI's ChatGPT, there's, Erik Brynjolfsson Organizations: Google, CNBC, Service, Economic, Business, Stanford University Locations: Davos

☆ Talk show host Joy Behar dismisses claims that Gen Z is 'left behind' by the economy and tells them to 'get a job'
▼ + stars: | 2024-01-18 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Joy Behar was dismissive of the economic problems Gen Z are facing and told them to "get a job." AdvertisementActress and TV personality Joy Behar dismissed claims that Gen Z is being "left behind" by the economy and said that they need to "get a job" instead. Griffin responded: "In defense of Gen Z, they're not hitting the milestones the way every generation before them did. One commenter wrote on X : "Joy Behar showing her whole CLASS as she tells Gen Z to get a job. Advertisement46% of Gen Z and 37% of millennials said they had taken on a second job in addition to their primary job to make ends meet.

Persons: Joy Behar, Z's, Behar's, —, Behar, Whoopi Goldberg, Alyssa Farah Griffin, Sunny Hostin, Sara Haines, Goldberg, Griffin, Gen, commenter, Z, Zers, millennials Organizations: Service, ppl, ABC, Deloitte

☆ Companies that use AI to replace workers will ultimately lose, Stanford University professor says
▼ + stars: | 2024-01-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Read previewCompanies are racing to deploy AI in the workplace but one Stanford University professor said the technology should be used to "complement people" rather than replace them altogether. Brynjolfsson explained that savvy companies will use AI in conjunction with workers because some tasks are better completed by humans and others by machines. Related storiesSome companies have been laying off workers as they implement AI. Some workers are naturally concerned about whether AI is coming for their jobs as the hype around the technology continues. Two CEOs working on new robotic technologies echoed Brynjolfsson's point, telling Business Insider that workers don't need to fear that AI will replace them.

Persons: —, Erik Brynjolfsson, Brynjolfsson, We're Organizations: Service, Stanford University, Business, Stanford Digital Economy Lab, Economic, Deloitte Locations: Davos

☆ The 'corporate accent' is the latest workplace fixation on TikTok, with young workers mocking their colleagues' jargon-laden speech
▼ + stars: | 2024-01-17 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Young people are mocking the "corporate accent" on TikTok and racking up millions of views. The corporate accent is a passive aggressive, professional tone of voice used to convey confidence. The term "corporate accent" was coined by TikToker Lisa Beasley who plays a character called "Corporate Erin" in her videos and is racking up millions of views on the platform. One TikToker, inspired by Corporate Erin, explained what the corporate accent actually is . AdvertisementThe corporate accent is also a commentary on the hustle culture embedded in corporate environments where your role is expected to become your identity.

Persons: —, TikToker Lisa Beasley, Erin, Lisa Beasley, Erin Kenney, girlboss, Kenney, it's, millennials, They're, Hannah Shirley, Zer Organizations: Service, Management Locations: Udemy

☆ Barbara Corcoran says all great entrepreneurs have imposter syndrome, and its key to success
▼ + stars: | 2024-01-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Read preview"Shark Tank" investor Barbara Corcoran said there are benefits to feeling a little insecure at work. "I'll let you in on a little secret: all great entrepreneurs have imposter syndrome," Corcoran wrote in the caption below one of her recent TikTok videos . "That nagging voice that pops in your head telling you you're not good enough … that you don't deserve to be where you are. The businesswoman founded the real estate brokerage The Corcoran Group in 1973 and sold it to NRT for $66 million in 2001. There is some evidence to suggest that some workers with imposter syndrome can have better interpersonal skills because they are more focused on others.

Persons: —, Barbara Corcoran, Corcoran, I've, Pryor Organizations: Service, Business, Group, Buisness

☆ Target and Walmart stores in the Bay Area are locking up underwear and socks to prevent shoplifting
▼ + stars: | 2024-01-15 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Target and Walmart stores in the Bay Area are putting underwear and socks behind locked doors. AdvertisementUnderwear and socks are some of the latest items to be locked up at Target and Walmart stores in the Bay Area, in the retailers' latest efforts to combat shoplifting, NBC Bay Area reported . One customer told NBC Bay Area that they had to wait 10 minutes for an assistant to retrieve an item. A Walmart store located in Hilltop, California is also keeping underwear locked up in a bid to prevent theft. Cesar Zepeda, a Richmond City councilmember, said in an interview with NBC Bay Area that retail theft is hurting the local community and its likely to lead to store closures.

Persons: —, Cesar Zepeda Organizations: Walmart, Service, Target, NBC Bay, NBC Bay Area, Richmond City councilmember, Social, National, Security Survey Locations: Bay, Hilltop , California, Richmond

☆ TikTokers are trawling through stores like T.J. Maxx and charging viewers 'personal shopping' fees
▼ + stars: | 2024-01-14 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

TikTok creators are livestreaming from stores like T.J. Maxx and selling items online. AdvertisementTikTokers are livestreaming shopping trips to stores like T.J. Maxx and HomeGoods, and charging viewers to buy items from them, in a new side hustle that's taking off on the social media platform. In the video, user @anamolykb, asked viewers: "Is personal shopping the new side hustle?" She said: "So, apparently there's this thing where people go to T.J. Maxx, Ross, Marshalls, HomeGoods, Burlington Coat Factory and start a live. 'I live in the sticks so it's nice to have a personal shopper'Off-price stores like T.J. Maxx and Ross are known for offering a treasure hunt shopping experience.

Persons: —, @anamolykb, TikTok's, Ross, Erin McDowell, CJ, Kayla Organizations: Maxx, Service, Daily, Burlington Coat Factory Locations: Maxx, Ross, Marshalls, HomeGoods, Burlington

☆ A corporate employee sparked a workplace etiquette debate after posting a 10-minute TikTok seemingly showing herself getting fired
▼ + stars: | 2024-01-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +6 min

Read previewA corporate employee is going viral online after she recorded and posted to TikTok a video of herself which appears to show her losing her job. Brittany Pietsch, who goes by the handle @brittanypeachhh on TikTok, posted the video on Thursday in which she seemed to be in a call with HR executives at Cloudflare, a cloud-based security firm. One person on Reddit even commented that she displays good sales skills in the video: "I've seen people saying this may negatively affect her career. Exposing a company online is a 'double-edged sword'Pietch's reaction to have her role terminated and uploading the recording online reflects how younger generations have higher demands and greater expectations for honesty at work. AdvertisementDaniel Space, an HR expert who has worked in the tech industry, shared similar views in a TikTok video , where he said companies may withhold severance pay as a result.

Persons: —, Brittany Pietsch, Pietsch, you've, we've, I've, he's, that's, Matthew Prince, Erica Rivera, I'd, Ben Voyer, Voyer, Daniel Organizations: Service, Business, LinkedIn, Google, Gen Locations: Brittany

☆ Deloitte is rolling out an AI chatbot that can help staff answer emails and create presentations
▼ + stars: | 2024-01-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +1 min

The Deloitte AI Institute developed an internal AI chatbot to assist employees with daily tasks. Staff can use it to create Powerpoint presentations and even write code that automates tasks. AdvertisementDeloitte is rolling out its own AI chatbot to 75,000 employees in the Middle East and UK to increase productivity. Deloitte's AI institute developed the AI chatbot "PairD" and first launched the tool in the UK in October, per the Financial Times. The tool can assist staff with daily tasks like writing emails, creating PowerPoint presentations, and carrying out research.

Persons: — Organizations: Deloitte, Institute, East, Staff, Service, Financial Times, Business Locations: Europe, East

☆ A Meta employee says she's under investigation after claiming the firm censors pro-Palestinian views
▼ + stars: | 2024-01-10 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

A Meta employee posted a video on Instagram claiming she is under investigation. She said it was because she distributed a letter alleging Meta censors pro-Palestinian views. AdvertisementAn NYC-based Meta employee claims she is under investigation by the company for violating its rules after she shared a letter internally alleging that the firm censors pro-Palestinian views. According to her video, the employee later received a message from an unspecified colleague saying the letter violated company rules. According to the employee, the letter referenced criticism from lawmakers and human rights groups about how Meta has handled content related to Palestine.

Persons: —, Meta, hadn't, Elizabeth Warren, Mark Zuckerberg, Lori Goler Organizations: Service, Financial Times, Meta, Human Rights Watch, Facebook, Business Locations: Palestine, Gaza, Meta's New York

☆ Coca-Cola ranked as the best place to work for career growth in a new study of America's largest companies
▼ + stars: | 2023-12-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

It looked at culture, hiring, pay and promotions to see how companies invest in their workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCoca-Cola was just ranked as the best place to work for career growth in the American Opportunity Index 2023 report . AdvertisementCoca-Cola was ranked top overall, largely because of its hiring, pay, and culture scores. In the past, it has made Glassdoor's ranking of the top 10 companies with the happiest employees and was included in its best places to work list from 2012 through to 2022.

Persons: —, Lisa Chang, Chang, Meta, Salesforce Organizations: American Opportunity, Meta, Costco, Service, American, Harvard Business School, Foundation, Glass Institute, Cola, PepsiCo, PNC Financial Services Group, Amazon, Microsoft, AOI Locations: Glassdoor, W.W, Grainger

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