DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Staff —"


25 mentions found


☆ Tech employees should expect more debloating even after 330,000 jobs got wiped
  + stars: | 2023-04-11 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +5 min
Amazon, Google, Meta, Microsoft, and Twitter have collectively chopped around 70,000 staff — but ongoing concerns about profitability and over-hiring means they could slim down more. Google and Amazon should cut more jobs: analystsAnalysts note that Google, for example, added around 71,000 employees in the past three years. They say Meta has seen "limited impact on its growth" after laying off around 25% of its workforce since November. The bank's analysts say that profitability per employee at Amazon excluding its warehouse workers — a measure of its efficiency — is "significantly below peers." With less cash available, cuts will likely persist and workers in tech should brace for more instability this year.
☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
  + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com   time to read: +51 min
The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.
☆ 96% of remote companies say they're using some kind of software to monitor employees who work from home, survey finds
  + stars: | 2023-03-30 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
About 96% of remote companies use some kind of employee monitoring software, according to a survey. Three in four companies have fired employees over data from the monitoring software. The struggle seems real, with a "surprisingly high percentage" — that's 37% — requiring their remote employees to be on a live feed all day, per ResumeBuilder.com. Other surveillance methods include monitoring employees' web browsing and app use, as well as blocking content. Companies are definitely using the data they obtain from monitoring their staff — about three-quarters of survey respondents told ResumeBuilder.com their companies have fired employees over the data they collected.
☆ As Big Tech employees get culled, their European colleagues get stronger labor laws and softer landings
  + stars: | 2023-03-15 | by ( Riddhi Kanetkar | Jyoti Mann | ) www.businessinsider.com   time to read: +8 min
Big Tech layoffs at Meta, Twitter, Amazon and Snap have laid off thousands of workers globally. Until recently, tech employees haven't had to think too seriously about mass layoffs. European Big Tech employees have better labor protections"There are regulations in Europe that apply to collective situations, based on European law: the so-called Mass Dismissal Directive," said Dr. Jordan. But in January, Twitter employees were reported to have been paid just one month's severance, according to CNN. Twitter employees in Germany have also worked with the Verdi union to push Twitter into making a better severance offer, Fortune reported.
☆ Meta's latest round of layoffs could hit as soon as this week, as the company tries to finalize headcount before Zuckerberg goes on parental leave: Bloomberg
  + stars: | 2023-03-07 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +3 min
These cuts could happen as soon as this week before CEO Mark Zuckerberg goes on parental leave. Meta already laid off 11,000 workers or approximately 13% of the company's headcount in November. This fresh round of headcount cuts is happening because of Meta's financial targets, and is separate from Zuckerberg's push for "flattening" Meta's organizational structure, Bloomberg's sources — who were granted anonymity to talk about internal matters — said. A Meta spokesperson declined to comment on further layoffs, the expected number of job cuts, and which divisions might be impacted. The spokesperson did not immediately respond to Insider's follow-up query on when these reported job cuts might happen.
☆ Google says it won't promote as many employees to senior roles this year, citing a slowdown in growth
  + stars: | 2023-03-06 | by ( Hugh Langley | ) www.businessinsider.com   time to read: +2 min
Google is reducing the number of senior promotions in gives in 2023. In an email to staff, Google cited a slowdown in growth. The company has slowed hiring, and it recently slashed 12,000 jobs. Google has told employees it will reduce the number of promotions to senior and leadership roles this year, citing a slowdown in growth. The company slowed hiring last year, and in January it started laying off around 12,000 staff — approximately 6% of its workforce.
☆ Salesforce's Marc Benioff has revised a plan to stack rank a bottom 5% and ordered employees back to the office, according to leaked messages
  + stars: | 2023-02-21 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com   time to read: +6 min
Salesforce CEO Marc Benioff has made revisions to the company's annual strategic plan, including return-to-office mandates and policies that would have implemented stack ranking, according to an internal Slack message viewed by Insider. "He's still pushing performance culture," a Salesforce employee who read the revised draft told Insider. It currently requires three days a week in the office for non-remote employees and four days a week for employees in "non-remote" and "customer-facing" roles. Revenue for fiscal 2022 grew 25%, to $26.5 billion, according to the company's annual report. Or, as an employee previously posted in a Slack channel, "Can execs commit to never referring to Salesforce employees as 'family' again?
☆ Retailers are hoarding labor even as tech layoffs mount
  + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com   time to read: +6 min
Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.
☆ Larry Fink has a new chief of staff, an under-the-radar position that's become a powerful post at BlackRock
  + stars: | 2023-02-14 | by ( Rebecca Ungarino | ) www.businessinsider.com   time to read: +5 min
BlackRock CEO Larry Fink has named executive Willie Alford as his new chief of staff. Sarah Schaffer, an executive and Fink's prior chief of staff, will take on a new role at BlackRock. This may be especially true if you worked directly with Larry Fink, the firm's chief executive and among the most powerful people on Wall Street. Fink's chief of staff position has vaulted executives into new heights. A more common C-suite roleThe chief of staff role has taken off across corporations and beyond the position's roots in government and military operations.
☆ The House Ethics Committee may not go after 'loyal soldier' George Santos, ethics experts warn
  + stars: | 2023-02-09 | by ( Bryan Metzger | ) www.businessinsider.com   time to read: +8 min
The House Ethics Committee could investigate George Santos over his alleged malfeasance. But ethics experts warn that the evenly-divided committee — composed of five Republicans and five Democrats — is unlikely to move swiftly or even take significant action on Santos. That's where the Office of Congressional Ethics (OCE) — a separate investigative entity run by a non-partisan staff — could step in. And the Department of Justice could simply ask both the Ethics Committee and OCE to stand down, as they've already reportedly done with the Federal Election Commission. The office frequently makes preliminary investigations of complaints against members of Congress, making a referral to the House Ethics Committee if they determine the offense to warrant further inquiry.
☆ The power couple at the center of Biden’s political universe
  + stars: | 2023-01-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Natasha Korecki | ) www.nbcnews.com   time to read: +12 min
“If it’s a room of five people, Anita and Bob are two of them,” said a former White House aide, who asked to remain anonymous because the person was not authorized to speak on the record about White House business. The White House declined to comment for this piece. The group of White House aides that were looped in on the discovery immediately was slightly larger and included Dunn, this person said. “Whatever strategy they had has not served him well — the lack of transparency from November to January,” said a second former White House official. Bauer, who didn’t join the administration, has acted as a sounding board for White House lawyers on potential hires.
☆ House Republicans launch investigation into DOJ's probe of Biden's classified records
  + stars: | 2023-01-13 | by ( Warren Rojas | ) www.businessinsider.com   time to read: +3 min
House Judiciary Committee chair Jim Jordan is opening his own investigation into the Biden files. Jordan wants Attorney General Merrick Garland to share information about the DOJ probe. Jordan laid out his myriad concerns about Biden's treatment of sensitive records during his tenure as vice president in a three-page letter to US Attorney General Merrick Garland. Jordan's swift action comes as the newly-empowered House GOP leaders plot an ambitious oversight agenda while rank-and-file members are giddily picking out impeachment targets. Jordan gave Garland until January 27 to provide the requested information.
☆ Putin is fighting an 'internal power struggle' to weaken critics amid Russia's mounting military failures in Ukraine, war experts say
  + stars: | 2023-01-12 | by ( John Haltiwanger | ) www.businessinsider.com   time to read: +4 min
Putin is likely moving to silence critics with this move as he fights an internal power struggle, analysts say. Ukrainian intelligence has also suggested that Surovkin is a rival of Russian Defense Minister Sergei Shoigu, ISW said. ISW said Gerasimov's appointment was also designed to "support an intended decisive Russian military effort in 2023, likely in the form of resumed Russian offensive operations." After failing to take Kyiv in the early months of the war, Russia turned its attention to Ukraine's east. It's unclear whether the recent change in leadership in Ukraine will drastically alter Russia's narrowing options on the battlefield.
☆ Premarket stocks: Bruised tech investors are hedging their bets
  + stars: | 2023-01-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +8 min
New York CNN —There are two certainties in today’s market: The tech sector has been beaten down and interest rates are higher. What’s happening: Investors are purchasing put options, a bearish bet that a stock will fall during a set period of time, on certain tech stocks at historic rates. The losses also created a booming market for investors who hold put option contracts that allow investors to sell shares of these stocks at a price higher than their current levels. Rising interest rates also dried up the easy money tech companies relied on to fuel big bets on future innovations, and cut into their sky-high valuations. Beyond that, the growing number of layoffs may also give certain tech companies some cover to take more severe steps to trim costs now than they may have otherwise done.
☆ Stitch Fix lays off 20% of workforce and its CEO steps down
  + stars: | 2023-01-05 | by ( Parija Kavilanz | ) edition.cnn.com   time to read: +2 min
New York CNN —Stitch Fix, facing economic turbulence, announced a double whammy on Thursday: CEO Elizabeth Spaulding is stepping down and the company planned to lay off 20% of its salaried staff. “We will be losing many talented team members from across the company and I am truly sorry,” Stitch Fix (SFIX)founder and former CEO Katrina Lake wrote in a blog post. Shares of Stitch Fix rose 6% on the news. Elizabeth Spaulding, CEO of Stitch Fix, announced she was stepping down on Thursday. But Stitch Fix has struggled as more shoppers return to in-person buying at stores and pull back on their online spending.
☆ Salesforce's massive layoffs are a sign for Silicon Valley that the worst is yet to come
  + stars: | 2023-01-04 | by ( Matt Weinberger | Paayal Zaveri | ) www.businessinsider.com   time to read: +5 min
Cloud companies took a hit in 2022 and saw massive cuts in public and private valuations. Analysts say that Salesforce, Microsoft, and other business-oriented tech companies are staring down the barrel of customers cutting their IT budgets. The rush to remote working at the beginning of the pandemic meant companies purchased tons of new cloud software tools. For software vendors, any company that's offering a single tool versus a platform is likely to see cuts, RBC said. RBC analysts are expecting more layoffs ahead.
☆ Jan. 6 transcripts detail numerous warning signs of potential for violence before Capitol attack
  + stars: | 2022-12-30 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com   time to read: +7 min
WASHINGTON — Transcripts of interviews with law enforcement officials released this week by the Jan. 6 committee reveal the panel learned that numerous security concerns had been raised in the days leading up to the attack on the Capitol. For the most part, Jan. 6 committee leaders decided against focusing the final report on how law enforcement came to be so underprepared for the attack. The Jan. 6 committee transcripts detailed the challenges facing the FBI in the lead-up to Jan. 6. An FBI intelligence analyst raised concerns about that on New Year's Eve, as threats about Jan. 6 continued to increase. “He said it was intelligence failure," Harvin said.
☆ 14 business leaders making corporate America more inclusive in an increasingly polarized society
  + stars: | 2022-12-29 | by ( Marguerite Ward | ) www.businessinsider.com   time to read: +2 min
Insider is proud to present its third-annual list of diversity trailblazers in corporate America. These leaders, ranging from execs at Bank of America to Google, are advancing equity in business. Inflation, worker shortages, and worries about potential recession are topping corporate leaders' lists of concerns. Insider is pleased to present its third-annual list of notable diversity officers changing their companies. Collectively, these executives are helping break barriers for an untold number of workers while also pushing their fellow corporate leaders to make their businesses more inclusive.
☆ The Biggest Debates and Opinions in 2022 - The New York Times
  + stars: | 2022-12-20 | by ( ) www.nytimes.com   time to read: +30 min
Opinion The 22 Debates That Made Us Rage, Roll Our Eyes, and Change Our Minds in 2022Debating is what we do here at Times Opinion. To many, she was an icon: She ruled for 70 years, presided over the transition from empire to commonwealth and served as a living link to the generation that won World War II. (Though Ben Bernanke, a former Fed chairman himself, wrote in The Times that that wasn’t going to happen.) The United States and its European allies poured weapons and aid into Ukraine, but how was this going to end? As 2022 draws to a close, the fighting continues and peace talks look as distant as ever — which probably means that the debates will continue.
☆ Putin’s War: The Inside Story of a Catastrophe
  + stars: | 2022-12-16 | by ( Michael Schwirtz | Anton Troianovski | Yousur Al-Hlou | ) www.nytimes.com   time to read: +93 min
Since the early days of the invasion, Mr. Putin has conceded, privately, that the war has not gone as planned. “I think he is sincerely willing” to compromise with Russia, Mr. Putin said of Mr. Zelensky in 2019. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. To join in Mr. Putin’s war, he has recruited prisoners, trashed the Russian military and competed with it for weapons. “I think this war is Putin’s grave.” Yevgeny Nuzhin, 55, a Russian prisoner of war held by Ukraine, in October.
☆ Goldman Sachs to lay off up to 8% of its workforce
  + stars: | 2022-12-16 | by ( Sindhu Sundar | Emmalyse Brownstein | ) www.businessinsider.com   time to read: +2 min
Goldman Sachs plans to lay off up to 8% of its employees. CEO David Solomon previously said the firm is seeing "headwinds on our expense lines." Goldman Sachs has also been hit by losses to its burgeoning consumer banking division. This month, Goldman Sachs CEO David Solomon suggested that tough decisions could be ahead, saying at the firm's financial services conference that the firm wasn't immune to economic forces. Goldman Sachs previously laid off a number of bankers and others across departments including its tech, health care and media teams, Insider previously reported in September.
☆ Companies are too quick to lay off employees in a recession, one entrepreneur says. Instead, they should focus on retaining valuable 'human capital.'
  + stars: | 2022-12-13 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +5 min
Instead, he said, business owners should look at other ways to cut costs. This article is part of Talent Insider, a series containing expert advice to help small business owners tackle a range of hiring challenges. He attributed that outcome to the closer relationships business owners have with their employees. But Niddel said it's not enough to ask employees to take a pay cut if the founder isn't doing so as well. For example, Luzio and her chief operating officer took larger pay cuts than the rest of the staff.
☆ Inside the turbulent, doomed campaign of Herschel Walker
  + stars: | 2022-12-08 | by ( Marc Caputo | Marc Caputo Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com   time to read: +14 min
Republican candidate Herschel Walker's campaign was starved for cash as it faced Sen. Raphael Warnock and his deep-pocketed Democratic allies. Beyond highlighting an intense clash in a nationally watched political campaign’s crucible, the blowup underscored the core problem of Walker’s campaign: Walker. The so-called “oppo” book, however, didn’t have information about the abortion story, which rocked Walker’s campaign. And despite the damaging information that could come out in a campaign, Walker decided to run anyway. By Election Day, Walker campaign staffers knew they were likely to lose.
☆ AMC Networks CEO Christina Spade, who worked for just 3 months, is entitled to a payout of over $10 million
  + stars: | 2022-11-30 | by ( Aaron Mok | ) www.businessinsider.com   time to read: +3 min
AMC Networks CEO Christina Spade stepped down after only three months in her new role. She is entitled to a severance payout of at least $10.5 million. A November 28 filing details that Spade would receive the severance benefits laid out in her employment agreement. Spade, who joined AMC Networks as CFO last year and became CEO in September, had a minimum annual base salary of $1.75 million, as well as a bonus of double that salary, according to the agreement. "We of course realize that this will cause significant concern and anxiety for our employees and those who rely on AMC Networks for their livelihood," the memo said.
☆ CNN is notifying staff of layoffs as Warner Bros. Discovery seeks further cost reductions. Read CEO Chris Licht's memo to staff about the cuts.
  + stars: | 2022-11-30 | by ( Claire Atkinson | ) www.businessinsider.com   time to read: +3 min
CNN is executing a huge layoff plan starting today, according to a company memo sent out by CEO Chris Licht. CNN CEO Chris Licht notified employees today that the news organization will begin lay-offs as part of a cost reduction effort implemented by parent company Warner Bros. On Thursday, CNN employees will learn if they are impacted. Read Licht's full memo below:To my CNN colleagues,Our people are the heart and soul of this organization. Tomorrow, we will notify impacted employees, and tomorrow afternoon I will follow up with more details on these changes.
<< prev 3 next >>
Total: 25