Happy And Succeeding In The Future Of Work
Better.com CEO Who Fired Employees During A One-Way Zoom Call Says He Squandered $200 Million
It’s disconcerting that venture capital and corporate leaders turn a blind eye at times to CEOs that may be brilliant, but toxic. You may recall the viral story of Vishal Garg, CEO of unicorn mortgage lender startup Better.com. After receiving a $750 million cash infusion with a valuation of around $7 billion, Garg bluntly informed his 900 employees that around 15% of the workforce will be fired in a cold, awkward one-way video announcement.
Elon Musk And Twitter: The Saga Continues
Love or hate him, you have to admire Elon Musk’s chutzpah. Musk, one of the richest men in the world, recently disclosed a 9.2% investment in Twitter making him the largest shareholder, with a seat on the Board of Directors. While the social media site is smaller compared to Meta, Instagram and other massive platforms, it serves as the public town square. Much of the public discourse takes place on the site. Journalists, politicians, financial professionals and people from across all social and economic strata weigh in with their thoughts and opinions.
Walmart Is Paying Truck Drivers Up To $110,000 In Their First Year
Walmart Thursday said its drivers can now make up to $110,000 in their first year at the company—and more once they hit longer tenures— in the latest sign the massive trucker shortage is causing major employers to do more to attract new drivers.
‘They Are Robbing Me’: Angry Robinhood Users Flood the FTC With Complaints
In the depths of Covid-19 pandemic, a person in dire straits turned to the last people that would hear them out: the Federal Trade Commission. “I had my paycheck direct deposited into Robinhoods new cash management account. Just like a regular bank get paid use debit card, well I got paid last Friday June 12, 2020 and have not been able to use my debit card withdrawal funds or transfer any money to my other banks. I have missed my car payment, dentist appointment, I owed $252.00 and got declined. Totally embarrassing to say the least, plus my other bills are due,” the person wrote in a complaint obtained by Gizmodo.
Musk Backing Off Twitter Board Opens Door To Hostile Takeover
Billionaire Elon Musk’s reversal of his decision to join Twitter’s board opens the door to a hostile takeover and could lead to additional volatility in the stock, according to analysts. Musk’s decision not to join Twitter’s board means he’s no longer limited to owning just 14.9% of the company. Now, many analysts suggest the Tesla CEO could bolster his stake and eventually try and establish control.
Wall Street Gone Wild: Bankers Spend Big Bucks On Nights Of Debauchery
New York men who own penthouses have a lot of pent-up energy. And they’re ready and raring to release it. Right now, as the pandemic eases and Wall Street bonuses are through the roof, finance-world princes — flush with cash — are out on the prowl for fleshy fun. Take last month when a group of rowdy Deutsche Bank employees was axed after expensing the firm more than $1,000 for a night of naughtiness at Sapphire, a Midtown gentlemen’s club. The offense might sound outrageous, but their debauchery is hardly an isolated incident.
Proposed Bill Would Shorten California Workweek To 32 Hours—Here’s What You Need To Know
A proposed bill winding its way through the state Legislature could make California the first state in the nation to reduce its workweek to four days for a large swath of workers. The bill, AB 2932, would change the definition of a workweek from 40 hours to 32 hours for companies with more than 500 employees. A full workday would remain at eight hours, and employers would be required to provide overtime pay for employees working longer than four full days.
How A Mindfulness Coach With A Harvard MBA Recommends Dealing With Microaggressions At Work
What do you do when workplace microaggressions start to affect your well-being? Many Black employees resort to code-switching, changing their appearance or simply just ignoring it. However, the stress that comes with discrimination at work can cause physical and mental harm, and exploring different methods to stay grounded could potentially be lifesaving.
The Secret To Happiness At Work
Every year, Gallup asks a sample of American adults what might seem to be a rather loaded question: How much do you like your job? The results may surprise you. The portion who say they are “completely satisfied” at work has risen dramatically over the past two decades, from 41% in 2001 to 55% in 2019. In 2020, despite the fact that millions of Americans had shifted to remote work, 89% said they were either “completely” or “somewhat” satisfied.
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