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A Four-Day Workweek Boosts Revenues and Reduces Burnout, a 33-Company Trial...
A four-day workweek can boost corporate revenue, decrease burnout and improve hiring, according to a six month trial in 33 companies. The new data adds to a growing body of research about the...
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The US House Passes Bill to Avert a Rail Strike, but Paid Sick Days Remains a...
The U.S. House of Representatives passed a bill to avert a rail strike Nov. 30 after President Joe Biden urged Congress to act against the wishes of most union members, who voted against a White...
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Meta Is Reportedly Downsizing Its Hudson Yards Office Space Following Layoffs
Meta, Facebook’s parent company, is downsizing its office footprint in New York City’s Hudson Yards, Bloomberg reported Nov. 30. The firm has decided not to renew its lease at 30 and 55 Hudson Yards,...
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US Stocks Drop After a Better-Than-Anticipated Jobs Report Suggests Inflation...
U.S. stock futures dropped today (Dec. 2) after the Bureau of Labor Statistics reported employment grew by 263,000 in November, and average hourly wages were up 0.6 percent, growing at twice the rate...
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Goldman Sachs Traders May Receive Smaller Bonuses Even as the Bank’s Revenue...
Goldman Sachs traders could see their year-end bonuses reduced by a low double-digit percentage, Bloomberg reported today (Dec. 2), despite the investment bank being on track to post its biggest...
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Amazon Layoffs May Reach 20,000, Double The Number Initially Reported
Amazon could lay off as many as 20,000 employees in the coming months, double the number initially reported, according to Computerworld, an information technology publication. Earlier this month the...
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Twitter Has Reportedly Installed Beds For Employees Working Around the Clock
Twitter has converted a number of rooms in its San Francisco headquarters to sleeping areas, Forbes reported Dec. 5. A photo of one of the rooms viewed by Forbes included a bedside table and what...
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A Growing Reliance on AI in Hiring Is Making Regulators and Lawmakers Nervous
Companies are increasingly relying on automation to help screen candidates in the hiring process, a trend prompting scrutiny from local governments and regulators. Nearly one in four organizations...
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Twitter’s Workplace Practices Draw Fire as Janitors Picket and Musk Defends...
San Francisco’s Department of Building Inspection said Dec. 6 it was launching an investigation into reports that Twitter converted several of its office spaces into bedrooms. Meanwhile, janitors are...
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Is Worker Solidarity Worth Breaking a Wordle Streak? Striking Journalists Are...
Journalists at the New York Times are going on strike for the first time in about 40 years as they seek a union contract. More than 1,100 employees at the Times, who are represented by the NewsGuild...
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The FTC Is Suing to Block Microsoft’s Purchase of Activision as it Cracks...
The Federal Trade Commission is suing to block Microsoft’s purchase of video game developer Activision Blizzard, the agency said today (Dec. 8). Microsoft announced in January it intended to buy...
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Bonuses for Goldman Partners Are Set to Shrink by up to 50% as Wall Street...
Goldman Sachs is expected to cut its 2022 bonus pool for senior employees by as much as 50 percent, Semafor reported Dec. 8. The news comes as Wall Street firms are looking to trim executive...
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Twitter Is Auctioning Off Office Furniture From Its San Francisco Headquarters
Twitter is auctioning off more than 200 items from its San Francisco headquarters, according to a new listing from Heritage Global Partners, an auction and liquidation firm. Among the items up for...
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Here Are the States Pulling Their BlackRock Investments as Returns on ESG...
BlackRock is under increasing pressure to review its Environmental, Social, and Governance (ESG) investing strategies as a backlash against the practice grows. This year at least seven states have...
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Twitter Is Sued by a Former German Employee as European Firings Draw Scrutiny
The former head of Twitter’s communications team in Germany is suing the company for unfair dismissal, the latest in a series of challenges to Elon Musk’s restructuring decisions in Europe. The...
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Vanguard Splits From BlackRock Over Major Climate Alliance as the Backlash to...
Vanguard took a major step in responding to a backlash against environmental, social, and governance (ESG) investing last week when it withdrew from the Net Zero Asset Managers initiative (NZAM), an...
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Starbucks Workers Hold Their Longest Strike Yet as Frustrations Mount Over...
More than 1,000 unionized Starbucks workers are on strike starting today (Dec. 16) to protest the company’s actions toward the union, which has yet to reach a contract with management. The majority of...
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New York State May Soon Have the Highest-Paid Lawmakers in the US
The New York State Legislature is considering a vote to raise pay for its lawmakers to $130,000 a year from $110,000, Newsday reported Dec. 17. The salary bump would make New York’s legislature the...
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Wells Fargo Fined $3.7 Billion For Mishandling Millions of Customer Accounts
Wells Fargo has agreed to pay $2 billion to customers it harmed by mismanaging their auto and home loans, as well as pay an additional $1.7 billion civil penalty, the Consumer Financial Protection...
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Scaffolding Deaths Are Claiming New York’s Immigrant Workers in an Industry...
Juan Chonillo, a 44-year-old Ecuadorian immigrant, was working on a luxury Manhattan skyscraper in September 2017 when he plummeted 29 stories from a scaffold to his death. The scaffolding platform...
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