Happy And Succeeding In The Future Of Work
CEO Who Fired 900 Employees Via A Zoom Video And Called His Employees ‘Dumb Dolphins’ Had A Mass Layoff—Some Workers Found Out By Seeing Their Bank Account
Vishal Garg, CEO of unicorn mortgage lender startup Better.com—after receiving a $750 million cash infusion with a valuation of around $7 billion—bluntly informed his 900 employees that a large number of people will be fired in a cold, awkward one-way video announcement. Looking visibly uncomfortable, Garg said that 15% of the workforce would be laid off. In a monotone voice, the chief executive stated, “This is the second time in my career I’m doing this and I do not want to do this. The last time I did it, I cried; this time I hope to be stronger.”
Companies Flooded Twitter With International Women’s Day Platitudes—Then A Bot Began Replying With Their Gender Pay Gap Figures
Many corporations marked International Women’s Day on March 8 by tweeting photographs of woman colleagues alongside positive statements that celebrated the proud and equal work they do. They did not mention this meant equal in everything but pay, however. But that omission was quickly fixed, at least in the U.K. As U.K.-based organizations tweeted a flood of posts with platitudes celebrating their “sheroes,” a bot replied with the gender pay gap at each company in question.
Job Openings Hold Above 11 Million, Nearly 5 Million More Than The Total Unemployment Level
Job openings outnumbered available workers by nearly 5 million in January, the latest sign of a historically tight employment picture, the Labor Department reported Wednesday. Total vacancies actually dipped a bit, falling to 11.26 million following a substantial upward adjustment in December’s numbers, the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey showed.
Biden Takes Big Step Toward Government-Backed Digital Currency
A U.S. digital currency could be on the horizon. The Biden administration is putting its support behind the research and development of a “U.S. Central Bank Digital Currency,” or CBDC. The move is part of a sweeping executive order President Joe Biden signed Wednesday instructing the federal government to explore possible uses of and regulations for digital assets like cryptocurrencies.
Here’s What Happens To Russian Oligarch Yachts After They’re Seized
European governments that seized or the yachts and villas of Russian oligarchs now face a more difficult question: what to do with them? The sanctions against Russian oligarchs imposed by the European Union, the UK, the U.S. and other countries unleashed a wave of asset freezes across Europe. Officials impounded a 213-foot yacht owned by Alexei Mordashov in Imperia, Italy, Igor’s Sechin’s 280-foot yacht in the French port of La Ciotat and Alisher Usmanov’s $18 million resort compound in Sardinia.
3 Ways To Highlight A ‘Career Break’ To Land Your Next Job
While the pandemic has exacerbated the conversation, résumé gaps and the taboo that accompanies them are nothing new. For far too long, there’s been a stigma surrounding career breaks, despite the myriad of reasons to pursue one—including, but not limited to things like, starting a family, focusing on health and well-being, and chasing passions.
McDonald’s Says Russian Shutdown Will Cost The Fast-Food Chain $50 Million A Month
McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month until it reopens its restaurants there. The Chicago-based company announced Tuesday it would temporarily shutter its Russian locations as Russian President Vladimir Putin’s forces continue their attacks on Ukraine. McDonald’s has about 850 locations in Russia, the majority of which are owned by the company, not franchisees.
Amazon Referred To DOJ For Potential Criminal Obstruction Of Congress
A House Committee is urging the Department of Justice to investigate Amazon over what lawmakers contend is potentially criminal obstruction of Congress. In a letter sent Wednesday and addressed to Attorney General Merrick Garland, a bipartisan group of lawmakers alleged that Amazon repeatedly misled the House Judiciary Committee throughout a 16-month probe into the competitive practices of Amazon, Apple, Google and Facebook.
How To Retrofit The Office For An Era Of Hybrid Work, Lessons From Columbia Business School
For years, Columbia Business School held the dubious distinction of having one of the worst campuses among the world’s top business schools. Not any more. In January, the 106-year-old institution opened a gleaming 492,000 square foot facility that may finally put the school’s past architectural woes to rest. Designed by the New York-based architects Diller Scofidio + Renfro and FXCollaborative, the $600 million campus boasts a network of thoughtfully-designed spaces for learning and gathering—in person and virtually.
The Modest Moderna Cofounder And Multibillionaire Robert Langer Shares His Secrets To Success
Remotafy.com Is The Leader In White-Collar Remote Jobs!
