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☆ A software engineer at Google went on bereavement leave after his mom died from cancer. 4 days after returning to work, he found out he was part of the mass layoffs.
▼ + stars: | 2023-01-30 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

A software engineer said he was laid off from Google right after his bereavement leave for his mother. In a LinkedIn post, he wrote that he did not regret prioritizing time with his mother. In a LinkedIn post shared on January 26, Tommy York detailed his experience working for — and being laid off from — Google. Juggling work and taking care of his mother in the last few months of her life was difficult, he wrote in the post. To date, York's LinkedIn post has gotten over 4,800 reactions and over 160 messages that show support and solidarity for him.

☆ Too many companies botch mass layoffs
▼ + stars: | 2023-01-25 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

When it comes to mass layoffs, there seems to be no end to the worst, most bungled ways in which some employees first learn they are being let go. “People have to feel they’re being treated with respect,” said Sarah Rodehorst, CEO of Onwards HR, an offboarding technology platform for human resources, legal and finance teams. (Google declined to comment, pointing instead to a blog post from the CEO on the day of the layoffs.) Employees should receive a communication from the CEO or from division leadership that informs them layoffs will occur and offers them the business reasons for the decision. By “small,” Lee means no more than 5 to 10 people, including a leader or manager they know who delivers the news.

Indeed, holders big and small are taking "self-custody" of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As a percentage of total bitcoin supply, wallet addresses holding under 10 bitcoin now own 17.4%, up from 14.4% a year ago. "If you're just going buy and hold for the next 10 years, then it's probably worth making the investment and learning how to custody your assets really, really well." The stampede has been turbocharged by the FTX scandal and other crypto collapses, with large investors leading the way. David Wells, CEO of Enclave Markets, said trading platforms were extremely cautious of the risks of storing the investors' assets with a third party.

☆ Here's why employee-experience manager is one of the fastest-growing jobs in the US
▼ + stars: | 2023-01-24 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +6 min

Employee-experience manager was fifth on LinkedIn's list of the fastest-growing jobs in the US. Insider spoke with Jack Lau, an employee-experience manager in the Bay Area, about what that's like. Behold: the employee-experience manager. I started five years ago as an office manager doing all the things office managers do. Is that when you became an employee-experience manager?

☆ HR startup Deel striving to be more than a well-funded flash in the pan as it confirms $12 billion valuation and touts five-fold jump in annual revenue
▼ + stars: | 2023-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

HR startup Deel, which lets employers hire remotely, has raised capital at a $12 billion valuation. The funding round more than doubles the company's previous $5.5 billion valuation. The founder of HR startup Deel has insisted the company is more than just a "well-funded flash in the pan" as he confirmed a long-mooted funding round that more than doubled its valuation to $12 billion. Deel also automates payroll, benefits, compliance, and other HR functions through an API to help companies scale remote teams. The company previously raised $425 million at a $5.5 billion valuation in a round led by Coatue in October 2021.

☆ I'm a 23-year-old founder booking $16,000 in sales a month with my social-media agency. Here's my advice for launching an online business.
▼ + stars: | 2023-01-23 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Lauren Russell, 23, is the founder of the social-media agency, Irresistibly Social LLC. She shared the steps she took to launch a social-media business and her advice on finding success. Russell shared the steps she took to launch a social-media business and her advice on niching down to find success. Building a business with "no floor under me"Irresistibly Social LLC started with a viral TikTok. My biggest piece of advice for social-media founders today is to stop trying to emulate what others are telling you to do.

☆ Autism, ADHD, and other neuro types can be an asset in the workplace — and companies are finally doing the work to recruit and retain neurodivergent staff
▼ + stars: | 2023-01-19 | by ( Korie Wilkins | ) www.businessinsider.com time to read: +8 min

Some companies, such as P&G, have introduced programs to recruit and retain neurodivergent candidates. Lakes' experience is not uncommon among neurodivergent individuals, which is a term that represents people with neurological types like autism, dyslexia, or ADHD. Workplace culture is beginning to shiftThere's some change on the horizon. "Right now, organizations are doing the groundwork," Lyric Rivera, who identifies as neurodivergent, told Insider. Company culture can support neurodivergent employeesWhile many companies offer programs to support existing neurodivergent employees, advocates like Rivera say the next step is to get more neurodivergent candidates in the door.

☆ A document circulated by Googlers explains the 'hidden force' that has caused the company to become slow and bureaucratic: slime mold
▼ + stars: | 2023-01-13 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

An internal Google document laid out a theory for why the company has become so slow. Komoroske compared Google's bottom-up organizational structure to a slime mold: single-cell organisms that can work independently but also form together to create a larger network. "Google is basically a slime mold," wrote Komoroske, placing Google on a sliding scale from top-down to bottom-up structures. The last update on the internal document was made in 2019. "I believe they are not specific to any one context, but rather emerge inherently any time there are individuals with autonomy who care deeply," wrote Komoroske.

☆ Walmart provides its GoLocal services to Salesforce clients
▼ + stars: | 2023-01-12 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationNEW YORK, Jan 12 (Reuters) - Walmart Inc (WMT.N) on Thursday said it has entered into a partnership with software giant Salesforce (CRM.N) to provide its retail customers with store pickup and delivery services using Walmart's vast transportation network. Retailers have been adding such delivery services for customers since the pandemic drove many people to shop online. Since its launch GoLocal has completed more than 3 million deliveries so far, Harsit Patel, vice president at Walmart GoLocal said on a media call. More clients mean higher order volumes, pickup locations and increased route density that lowers costs per order. The services will be offered through Salesforce's AppExchange, its app store for businesses, starting this spring.

☆ Walmart partners with Salesforce to offer GoLocal services to its retail clients
▼ + stars: | 2023-01-12 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

[1/2] Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/IllustrationNEW YORK, Jan 12 (Reuters) - Walmart Inc (WMT.N) on Thursday said it has entered into a partnership with software giant Salesforce (CRM.N) to provide its retail customers with store pickup and delivery services using Walmart's vast transportation network. Since its launch GoLocal has completed more than 3 million deliveries so far, Harsit Patel, vice president at Walmart GoLocal said on a media call. While adding more revenue streams, the onboarding of more retail clients helps the world's largest retailer operate its fleet more efficiently. More clients mean higher order volumes, pickup locations and increased route density that lowers costs per order.

☆ Crypto contagion deepens: Coinbase to lay off 20% of workforce
▼ + stars: | 2023-01-10 | by ( Manya Saini | ) www.reuters.com time to read: +2 min

The company said it expects to incur about $149 million to $163 million in restructuring expenses. Its shares reversed course to fall 2.7% premarket after rising more than 5% on the layoffs announcement earlier. Last year, rising interest rates and worries of an economic downturn wiped out more than a trillion dollars from the crypto sector. However, the bigger blow came after larger crypto exchange FTX filed for bankruptcy protection in November. Coinbase in November cut more than 60 jobs in its recruiting and institutional onboarding teams, after slashing 1,100 jobs, or 18% of its workforce, in June.

☆ Crypto exchange Coinbase to cut nearly 1,000 jobs
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +1 min

Coinbase said it expects to incur a total of about $149 million to $163 million in restructuring expenses. More than a trillion dollars was wiped out from the crypto sector last year on rising interest rates and worries of an economic downturn. However, the bigger blow came after larger crypto exchange FTX filed for bankruptcy protection in November. The crypto world's woes have continued this year, marked by plunging deposits, layoffs and multiple legal hurdles. Coinbase in November cut more than 60 jobs in its recruiting and institutional onboarding teams, after slashing 1,100 jobs, or 18% of its workforce, in June.

☆ Marc Benioff may be right that Salesforce's young, remote employees are hurting the company's productivity. But it's not their fault.
▼ + stars: | 2023-01-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Salesforce's CEO said the company's younger, remote workers may be less productive than their peers. It's possible that Salesforce's younger, remote employees are less productive than the rest of the staff. But it's unlikely that the problem is remote work itself, or the work ethic of remote employees, based on the growing body of research on flexible work. The problem isn't remote work — it's how remote workers are managedBut Salesforce's problem probably isn't necessarily that it permits remote work. On the other hand, Neeley wrote, leaders who micromanage their employees' time "are the kiss of death in hybrid work."

Parafin, launched in 2020, works with so-called platform partners, or companies that other small businesses sell their products through. All the cofounders knew was that they wanted to build technology that would help small businesses. And they may not get their first contract payment from the government for as long as 120 days," Reed, the startup's CEO, told Insider. Helping small businesses manage their taxesComplYant's founder Shiloh Jackson wants to help people be present in their bookkeeping. HoneyBookWhile countless small businesses have been harmed by the pandemic, self-employment and entrepreneurship have found ways to blossom as Americans started new ventures.

☆ Risk Management at Crypto Firms Is in Focus Following FTX Collapse
▼ + stars: | 2023-01-09 | by ( Mengqi Sun | ) www.wsj.com time to read: +7 min

Cryptocurrency companies are disclosing more information about their internal controls and risk management following the collapse of FTX, but a level of transparency in the industry that would make many investors feel comfortable remains far off. Jeff Horowitz, BitGo chief compliance officer Photo: Jeff Horowitz“We need better risk management, more guardrails…and we need some of that installed into the crypto industry,” said Jeff Horowitz, chief compliance officer at crypto custodian BitGo. Although most crypto firms aren’t subject to formal federal regulation, many have adopted the enterprise-risk-management programs that U.S. watchdogs require of mainstream financial institutions in the wake of the 2008 financial crisis. As the crypto industry matures, these executives said it is important for investors and consumers to check for signs of adequate risk management and compliance measures at crypto firms. Other signs include whether the company engages in outside due diligence, whether assets are segregated and how secure crypto assets passwords are kept.

☆ New York Financial Regulator Notches $100 Million Settlement With Coinbase
▼ + stars: | 2023-01-05 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

A $100 million settlement made public by the New York State Department of Financial Services on Wednesday underscores the agency’s intent to set the regulatory agenda for digital currencies. Coinbase also will spend $50 million to improve its compliance program over the next two years. The regulator oversees insurance companies and state-chartered banks and already plays an outsize role nationally in overseeing the financial services sector. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. The agency credited Coinbase for its remediation efforts, including how it strengthened its onboarding process, according to the settlement agreement.

☆ Coinbase to pay $50 mln to settle NY state investigation, invest $50 mln in compliance
▼ + stars: | 2023-01-04 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +2 min

WASHINGTON, Jan 4 (Reuters) - U.S.-based cryptocurrency exchange Coinbase Inc (COIN.O) has reached a $100 million settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50 million penalty, caps the regulator's investigation into the firm's compliance with requirements to prevent money laundering. “Coinbase failed to build and maintain a functional compliance program that could keep pace with its growth. That failure exposed the Coinbase platform to potential criminal activity," said New York DFS Superintendent Adrienne Harris. Coinbase, a publicly traded firm and one of the largest global crypto exchanges, will pay another $50 million to boost compliance efforts aimed at blocking potential criminals from using the exchange, the company said.

☆ Factbox: Tech firms leading job cuts in Corporate America
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +9 min

Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ A new Twitter recruit had to contact a former employee on LinkedIn after onboarding training got cut to just 90 minutes, report says
▼ + stars: | 2022-12-30 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

A new Twitter recruit contacted a former employee to ask how things worked at the company. Onboarding training used to take three days but now lasts for 90 minutes, per The New York Times. The ex-staffer told The New York Times the worker got in touch to ask how services worked at Twitter because the training had been cut from three days to just 90 minutes. A former manager told The Times he'd seen documents showing the automaker had billed Twitter for some of its workers' services as if they were contractors. One of the latest additions to Musk's team is one of his right-hand men, Omead Afshar, per the report.

☆ This little-known firm with a weird website was central to the misappropriation of FTX customers' money, regulators say
▼ + stars: | 2022-12-27 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +7 min

Still, North Dimension had a crucial role in the FTX mess, regulators now say. In fact, they contend, the little-known company was central to the furtive misappropriation of FTX customers’ funds. But North Dimension Inc. also appears to have been a fake online electronics retailer, an NBC News investigation found. The second North Dimension website is sparse, with just two pages superimposed on a photo of a mountain range. An analysis by DomainTools shows this North Dimension site was created on Oct. 3, 2022, and registered in Ontario, Canada.

Fashion rental apps offer users a way to make passive income from the clothes in their closets. Londoner Camille B. has earned over £18,000, or about $22,000, by renting out her designer items on the apps. It was a pleasure to wear, cost $349.25 AUD, or $233, and I've rented it multiple times already, including to someone who wanted the dress for her wedding. Fashion rental apps have changed the way I buy clothesIt's definitely changed the way that I buy. I have a yellow Jacquemus dress which was rented 30 times, for a total of £1,651.71, or about $2,000.

☆ Warner Bros. Discovery salaries revealed: Pay data shows how much the company recently offered for jobs at HBO and more, despite waves of layoffs and cuts
▼ + stars: | 2022-12-20 | by ( Ashley Rodriguez | Elaine Low | ) www.businessinsider.com time to read: +19 min

Insider analyzed new pay data from the entertainment companies, now merged as Warner Bros. Recent salaries ranged from $55 an hour to $300,000 a year for jobs at HBO and other units. The salaries ranged from $55 per hour to $300,000 per year, with a median annual salary of $143,000 to $170,000. For example, Discovery offered an ad sales account manager between $131,458 and $149,000 per year, according to the data. Associate Manager, Brand Marketing/Publishing: $92,518 to $130,011WarnerMedia DirectData Architect: $162,400 to $200,150 median; ranging from $159,800 to $205,000WarnerMedia Services

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☆ Should you hide your side hustle from your employer? Here's what to consider
▼ + stars: | 2022-12-20 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

So is your hustle something you should disclose to your full-time employer? Side hustle expert Daniella Flores, who uses they/them pronouns, has seen bosses react in multiple ways. At first, their employer was fine with the hustle, but eventually, they gave Flores an ultimatum, asking them, "Would you rather paint or would you rather code?" Whatever you do, though, Flores says, remember not to use company equipment or company time for your hustle. Make sure "you're doing it on your own laptop, on your own time, not onsite at work," says Flores.

☆ How this HR director almost got scammed by a fake job: 'If it seems too good to be true, it probably is'
▼ + stars: | 2022-12-19 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

The new job opportunity was at Novum, a pharmaceutical research company, and after being out of work for several months, Baustert, an HR director, was elated to reenter the workforce. However, when a "concerning" check arrived in the mail, she knew it was too good to be true. "After doing my research, I found out they were a legit, good company." After receiving a follow-up letter asking to set up an interview, Baustert agreed. She downloaded RingCentral, a video conferencing and messaging app, at the interviewer's request and seemingly had a good interview.

☆ Check out the pitch deck Twitter's former social media chief is using to raise $1.3 million for a Twitter alternative called Spill
▼ + stars: | 2022-12-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +3 min

A team of former Twitter employees are launching a new social platform called Spill. Spill aims to spotlight culture and compensate creators for their content, using blockchain tech. Check out the pitch deck Spill is using to help raise a $1.3 million pre-seed funding round. Spill is focusing its early community building efforts onboarding creators from communities that are often "underrecognized" on big social platforms, despite having a huge impact on their growth. Check out the 14-page pitch deck Spill is using to court potential investors below.

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