Happy At Work
Coinbase Offers Employees Four Weeks Off To ‘Recharge’ And ‘Recover Between Sprints’
What do you do when you are one of the most successful cryptocurrency exchanges at the top of its game? You’d think the hard chargers would keep on doing what they’ve been doing. However, that’s not the case. In a sign of how much things have changed in the workforce, Coinbase chief people officer L.J. Brock wrote in a company blog that the remote-first company said, “This year, we’re experimenting with four recharge weeks (roughly one per quarter), when nearly the entire company will shut down so we can all enjoy downtime without work piling up.”
Welcome To The Gilded Age Where Digital Nomads Can Live And Work Remotely In Flexible-Stay, Turnkey, Plush Apartments
The pandemic has substantially changed the way we work and live in positive ways. Before the virus outbreak, it was considered somewhat “fringe” to work at home. Fast forward two years, remote work has become the new standard. Companies are also offering hybrid models, in which you will be in the office about two or three days a week and at home—or anywhere really—for the rest of the days. Some progressive firms offer flexibility, which empowers people to work when and where they so desire.
There Is A Massive Trucker Shortage Causing Supply Chain Disruptions And High Inflation
If you’ve shopped at a supermarket lately, you would have noticed all of the bare shelves. There is no definitive timeline for the delivery of the new car you excitedly put a down payment on months ago. Companies are losing business, as they aren’t receiving the stock of goods and components needed to make their products.
High Inflation Poses A Threat To Job Market, Says Federal Reserve Chair
Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices. With America’s households squeezed by higher costs for food, gas, rent, autos and many other items, the Fed is under pressure to rein in inflation by raising rates to slow borrowing and spending. At the same time, the economy has recovered enough that the Fed’s ultra-low-interest rate policies are no longer needed.
Robinhood Says It Will Offer Permanent Remote Working To Most Employees
Stock trading app Robinhood said Wednesday will let most of its 3,400 person workforce work remotely on a permanent basis. The newly public brokerage is headquartered in Menlo Park, California; however, for a large segment of Robinhood employees there will be no location or in-office requirement, the company said.
Pfizer To Cut U.S. Sales Staff As Meetings With Healthcare Providers Move To Virtual
Pfizer Inc (PFE.N) said on Tuesday it is reducing its U.S. sales staff as it expects doctors and other healthcare providers to want fewer face-to-face interactions with sales people after the COVID-19 pandemic ends. The move comes as the company is expected to announce more than $80 billion in revenue in 2021 on strong sales of the COVID-19 vaccine it developed with Germany’s BioNTech SE . That would be record sales for a pharmaceutical company, according to Pfizer Chief Executive Albert Bourla.
Tesla Loses Its Head Of HR And Top Diversity Advocate
Tesla is losing its head of human resources, Valerie Capers Workman, who has also been seen as the number one diversity advocate at the company. Workman, an attorney, joined Tesla’s legal department as associate general counsel for compliance back in 2018. She quickly rose through the ranks, and in 2020 she was made vice president of people, the highest HR role at the automaker, reporting directly to CEO Elon Musk. Today, Bloomberg reported that Workman is leaving Tesla to become chief legal officer of career-placement firm Handshake.
Workers Don’t Know They’re Underpaid
If you had to guess, what do you think your co-worker makes? How about someone in your same field, but at a different company? A new study from MIT, UC Berkeley, the University of Cologne, and the London School of Economics suggests that many people underestimate their colleagues’ incomes.