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  • CONTROVERSIAL RULING STRIKES CALIFORNIA EMPLOYERS LIKE LIGHTENING

    CONTROVERSIAL RULING STRIKES CALIFORNIA EMPLOYERS LIKE LIGHTENING

    News by Editorial Team 27 Jul 2018

    The State’s Supreme Court ruled employee inputs after accounted log-in hours will have to be compensated for by the employers. The new ruling could especially revitalize a case against Starbucks, whose one ex-employee complained of being owed $100 for unaccounted overtime. Home to America’s 10% workforce, employers in California could counter-act the verdict with their employment practices, making the situation tumultuous! 

     

    read more at Reuters
  • MORGAN STANLEY NAMES SIGAL ZARMI ITS NEW HEAD OF TRANSFORMATION

    MORGAN STANLEY NAMES SIGAL ZARMI ITS NEW HEAD OF TRANSFORMATION

    News by Editorial Team 26 Jul 2018

    Sigal, who has braced leadership roles at GE and PwC, will oversee the tech transformation that Morgan Stanley yearns. As per the company’s Head of Technology, Robert Rooney, Zarmi’s inputs would “provide … businesses with innovative products and solutions.” The move doesn’t surprise, as Wall Street has overtly displayed a tendency to adopt financial technology to stay relevant with times.

     

    read more at Fortune
  • CITY COUNCIL MEANS SERIOUS BUSINESS FOR FACEBOOK’S NEW NEIGHBORHOOD

    CITY COUNCIL MEANS SERIOUS BUSINESS FOR FACEBOOK’S NEW NEIGHBORHOOD

    News by Editorial Team 26 Jul 2018

    While many Silicon Valley start-ups subsidize food for employees, it is the Mountain View Council’s stand that local restaurant holdings should monetize the opportunity. Hence, as per the law enacted in 2014, enterprises leasing space in the region can subsidize staff meals provided they deal with the surrounding eateries, only. Facebook is the first tenant to move in to the area circumscribed by the law.

     

    read more at Fortune
  • IS THIS THE CLOSEST WE’LL COME TO REAL TIME PAY-OFFS?

    IS THIS THE CLOSEST WE’LL COME TO REAL TIME PAY-OFFS?

    News by Editorial Team 25 Jul 2018

    Instant Financial, a Fin-tech app is aiding retail/service firms reduce employee turnover. Subscribed businesses, can allow their personnel to withdraw up to 50% wages of their last log-in through a debit card. With the interim period between paydays curbing expenses for the average American, the feature has so far proven valuable for its 250,000 strong employer user base. Could we expect something similar soon in Corporate America.

     

    read more at Bloombergquint
  • NIKE EMPLOYEES TO RECEIVE HIKES STARTING THIS AUGUST

    NIKE EMPLOYEES TO RECEIVE HIKES STARTING THIS AUGUST

    News by Editorial Team 24 Jul 2018

    Around 10% of the workforce will receive a pay-boost commencing this fall. The action has been called forth following an introspection of the yester year company policies, something that forced an apology from CEO Mark Parker in his town hall address. Nike’s workplace norms were becoming more of an issue with brand President Trevor Edwards, rumored to have exited the company failing to quell the same.

     

    read more at Reuters
  • GOLDMAN BEGINS CHANGE AT THE TOP UNDER NEW CEO DAVID SOLOMAN

    GOLDMAN BEGINS CHANGE AT THE TOP UNDER NEW CEO DAVID SOLOMAN

    News by Editorial Team 24 Jul 2018

    Stepping into his new shoes, the incoming Goldman Sachs CEO David Soloman has inducted four women into its elusive C-suite. The names include Stephanie Cohen, Alison Mass, Laurence Stein and Sheila Patel whose participation will now take the number of women in a board of 33 to 7. The investment bank has been striving to achieve and promote gender equivalence in light of which it has invested in a few female company founders as well.

     

    read more at Bloombergquint
  • MICROSOFT AND WALMART EXTEND COOPERATION TO TAKE ON AMAZON

    MICROSOFT AND WALMART EXTEND COOPERATION TO TAKE ON AMAZON

    News by Editorial Team 24 Jul 2018

    Although in association with Microsoft, Walmart has bought into the formers’ automation offerings, deciding to input the same for a productive workplace output. It is also consolidating its IoT platform atop Microsoft’s Azure to carve a network of devices for business operations such as managing freezers & retail management. Similarly, MyAnalytics app would be leveraged for employee productivity assessing the time people spend on emails.

     

  • MACHINES WOULD NEVER MATCH HUMANS IN WHAT THEY LACK. A HEART.

    MACHINES WOULD NEVER MATCH HUMANS IN WHAT THEY LACK. A HEART.

    News by Editorial Team 20 Jul 2018

    Though they may outnumber humans and outrun manual labor, yet humans would always preserve the trait of intuition, paraphrasing Dennis Becker, director of Global Data Science at Visa Inc. At a broader level, their cognitive faculties will earn human their right to preserve positions mandating person-to-person interaction. Various estimates have been thrown in open regarding the displacement of us all by the machines although this, in particular, is a positive one.

     

    read more at Wall Street Journal
  • NEEDED WOMEN, A WHOLE BUNCH OF THEM, FOR AVIATION TO SURVIVE

    NEEDED WOMEN, A WHOLE BUNCH OF THEM, FOR AVIATION TO SURVIVE

    News by Editorial Team 20 Jul 2018

    An expert panel at the Farnborough Airshow concluded, its implausible to operate an industry if the lion share of it belongs to men. The demand for skilled manpower has off-late overshadowed the supply within the sector. Backed by champions of the cause such as Charlotte Pederson, the solution was zeroed in at a gender neutral recruitment policy. Subsequently, top executives signed a UK charter committing reservation for women at the table.  

     

    read more at Reuters
  • THIS KIWI ENTERPRISE EXECUTED A 4-DAY WEEK TO GOOD EFFECT

    THIS KIWI ENTERPRISE EXECUTED A 4-DAY WEEK TO GOOD EFFECT

    News by Editorial Team 20 Jul 2018

    Perpetual Garden conducted a four-day working week trail paying their employees for five. Auckland academia experts documenting the numbers revealed that stress levels dropped from 45% to 38% while the work life balance jump shot from 54 to 78 per cent. This brings to memory a Swedish rendition of the idea where the workforce was subjected to a 6-hour workday. The only question being, when will such changes become mainstream.  

     

    read more at Euronews
  • PARAMOUNT FIRES HEAD OF TV FOR RACIAL SLUR, IS IT THE DOMINO EFFECT?

    PARAMOUNT FIRES HEAD OF TV FOR RACIAL SLUR, IS IT THE DOMINO EFFECT?

    News by Editorial Team 20 Jul 2018

    Amy Powell has joined the ranks of other high profile firings who were let go off due to their overtly offensive manner of racial offences. Powell, was accused of flinging ‘insensitive’ racial allusions towards the TV adaptation of a movie. The news broke with a CEO Jim Gianopulos’ memo without diving into much details. It seems Corporate America is adamant on setting the record straight with daring instances like these.

     

    read more at Marketwatch
  • ROYAL MAIL SHAREHOLDERS GUN DOWN THE PROPOSAL TO HIKE SENIOR EXECUTIVE SALARY

    ROYAL MAIL SHAREHOLDERS GUN DOWN THE PROPOSAL TO HIKE SENIOR EXECUTIVE SALARY

    News by Editorial Team 20 Jul 2018

    Moya Greene, the outgoing CEO of the Royal Mail might not have the best of farewells as the shareholders of the company refuse proposal to hike her compensation package. An overwhelming 70.17% votes said a vociferous ‘No’ at the annual meeting. With controversial past salary disclosures, Royal Mail would consult other representative bodies come autumn, rather than lock horns with their shareholders.

     

    read more at Reuters
  • IS THYSSENKRUPP LOSING ITS CLOAK OF INVINCIBILITY?

    IS THYSSENKRUPP LOSING ITS CLOAK OF INVINCIBILITY?

    News by Editorial Team 19 Jul 2018

    The conglomerate, valued at $16 Billion for making submarines, elevators and food packaging, is split on streamlining operations. The debate has already pushed Chairman Ulrich Lehner and CEO Heinrich Hiesinger to put pen to their respective resignations. However, the decision to mutilate a few business arms of the consortium requires the consent its biggest shareholders which includes Alfred Krupp and the labor unions. Will they blink?

     

    read more at bloomberg
  • DISCIPLINE A NECESSARY ‘EVIL’ THAT IS COSTING TOP US EXECUTIVES THEIR JOBS

    DISCIPLINE A NECESSARY ‘EVIL’ THAT IS COSTING TOP US EXECUTIVES THEIR JOBS

    News by Editorial Team 19 Jul 2018

    Be it Intel Corp’s Brian Krzanich or Barnes & Noble Inc. CEO Demos Parneros, when it comes to company policies, the boards seem in no mood of handing a gratuitous leeway. Six weeks in to his CEO shoes and Texas Instruments’ Brian Crutcher is the latest to join the 2 aforementioned names in high profile exits. All over actions incongruous with the official norms. Corporate power, at its democratizing best!

     

    read more at Reuters
  • WHO’S TO BLAIM IF A FOUNDER CLAIMS INJUSTICE?

    WHO’S TO BLAIM IF A FOUNDER CLAIMS INJUSTICE?

    News by Editorial Team 19 Jul 2018

    Race is the hotbed for many things controversial these days, and who’d know it better than John Schnatter, founder of Papa John’s, whose verbal racial offence cost him the cold shoulder of the board. However, John is swinging one back at the board now accusing them of not even investigating the matter. Though a prospective legal whirlpool might await those involved, yet how does one become objective in a world so abstract.

     

    read more at WSJ
  • AMAZON WORKERS RAISE CONCERNS OVER HEALTH CONDITIONS

    AMAZON WORKERS RAISE CONCERNS OVER HEALTH CONDITIONS

    News by Editorial Team 17 Jul 2018

    The company is facing headwinds on its crucial Prime delivery day in Germany. A collective wave of discontent has risen among workers who believe they’re being deprived of basic healthcare rights. Led by the Verdi Services Union, warehouse employees would stage a one-day strike. Voices that argue their case say that the E-commerce company is although amassing riches, yet not allocating enough for its employee treasure trove.

     

    read more at Reuters
  • UBER PUTS ITS DRIVER VERIFICATION ON STEROIDS, REAL-TIME MONITORING KICKS IN

    UBER PUTS ITS DRIVER VERIFICATION ON STEROIDS, REAL-TIME MONITORING KICKS IN

    News by Editorial Team 16 Jul 2018

    Building on its promise of annual background checks, Uber will now keep a real-time eye on charges being brought on drivers. The blacklisted ones will be abolished from being a member driver for the company. Similarly, if the charges are dropped the drivers will be assimilated back into the Uber network. The last four years have seen 103 drivers from the company accused of punishable offenses, with 31 convicted.

     

    read more at The Verge
  • FACEBOOK POACHES GOOGLE’S CHIP DESIGN EXTRAORDINAIRE FROM UNDER ITS NOSE

    FACEBOOK POACHES GOOGLE’S CHIP DESIGN EXTRAORDINAIRE FROM UNDER ITS NOSE

    News by Editorial Team 16 Jul 2018

    In recent past Google might have had the edge at luring critical talent from Apple, however, the joke is on the search engine this time around. It seems Facebook has procured the services of Shahriar Rabii, whose contributions were catered towards designing custom imaging chips for third-party apps. Come to think of it, perhaps Facebook made an offer which Rabii couldn’t refuse.

     

    read more at Engadget
  • IGNORE WARNINGS AND TESLA COULD AXE REPEATED TIME OFFENDERS!

    IGNORE WARNINGS AND TESLA COULD AXE REPEATED TIME OFFENDERS!

    News by Editorial Team 16 Jul 2018

    The company’s latest measures seek to normalize discipline amongst those who make light of office timings. Employees with no prior permission to be late till an approved threshold could be fired, sources report. The company is advocating its latest changes to be ‘fair and flexible’ towards all. Given that Tesla fired 9% of its workforce earlier, the implications seem more than just plausible.

     

    read more at Business Standard
  • THIS WORKSPACE STARTUP IS NOW WORTH $500 MILLION

    THIS WORKSPACE STARTUP IS NOW WORTH $500 MILLION

    News by Editorial Team 13 Jul 2018

    Convene, the startup whose ideology extends beyond co-working into yoga, shadowboxing and scotch tastings has raised a Series-D round of $150 Million. The infusion would come in handy as the company has a formidable reputation of 'WeWork' to match. With investors like BlackRock Inc., Conversion Capital and Elysium Management placing their bets, Convene, would look towards London as its first non-US base in the near future. 

     

    read more at Bloomberg

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