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  • ILL-PROPOSED TAXES IN SEATTLE, SEND EMPLOYEE BLOOD-PRESSURES SOARING HIGH!

    ILL-PROPOSED TAXES IN SEATTLE, SEND EMPLOYEE BLOOD-PRESSURES SOARING HIGH!

    News by Editorial Team 24 May 2018

    The City’s council might shoot itself in the leg, in trying to fight an undying plague of homelessness as it prepares to tax major corporate firms. In an effort to inflate the treasury and then fund operations for the homeless, Seattle’s mayor gave official recognition to tax companies making atop $20 million in annual profits, not thinking (probably) that the same would spiral-down to $275/employee. 

     

    read more at National Review
  • A WEEK INTO THE POLICY CHANGES, Ex-UBER ENGINEER PRESSES CHARGES

    A WEEK INTO THE POLICY CHANGES, Ex-UBER ENGINEER PRESSES CHARGES

    News by Editorial Team 23 May 2018

    Ingrid Avendano, who quit her role following an emotional trauma, is filing for lost wages. The cause of her misery was a combination of unwelcomed advances and lewd comments from fellow male peers. The “particular” one in question, was fired taking cognizance of Ingrid’s complaints. The company-HR surely didn’t see it coming though, as the case emerges in the wake of a few policy-changes at Uber. 

     

    read more at BBC
  • SAMSUNG TO PUT UK’S AI-INDUSTRY ON STEROIDS

    SAMSUNG TO PUT UK’S AI-INDUSTRY ON STEROIDS

    News by Editorial Team 23 May 2018

    Or so it seems, as the Korean company shares its intentions of investing in a research lab in Cambridge. Jumping on to the chance of selling the UK’s new-image, Theresa May exclaimed that the move would “create high-skilled” jobs in the sector. Though Samsung has restrained from committing to any concrete number of positions, talk is, the lab might come to recruit about 150 scientists.

     

    read more at BBC
  • PSYCHOMETRIC INTELLIGENCE GIVEN A MAINSTREAM PUSH BY RECRUITING APP, DEBUT

    PSYCHOMETRIC INTELLIGENCE GIVEN A MAINSTREAM PUSH BY RECRUITING APP, DEBUT

    News by Editorial Team 22 May 2018

    Thriving in London, the recruitment-centric application is all in to pursue candidates via personality tests and cognitive background assessments. Having secured an investment round of $6.7 million, the start-ups’ go-to-employee strategy, has helped land clients with the likes of Apple, Barclays & Google. Debut CEO Charlie Taylor claims employers like Vodafone & L'Oréal have availed the app benefits particularly, to add “diversity” to their shores.  

     

    read more at Forbes
  • EMPLOYEES CAUGHT DOUBLE-CROSSING THE COMPANY, FIRED WITHOUT COMPENSATION

    EMPLOYEES CAUGHT DOUBLE-CROSSING THE COMPANY, FIRED WITHOUT COMPENSATION

    News by Editorial Team 21 May 2018

    Little is left to the imagination, especially when someone is caught red-handed, exploiting company-benefits. Employees at Canadian Tire were made to rue their actions as they were found reimbursing used receipts, left over by passengers. The company-HR, took a bold step when they fired the staff, following years of service, without pay. Yet, their stand was vindicated as the courts ruled in their favor. 

     

    read more at CBC
  • IZETTLE SELLS FOR $2.2 BILLION, CEO TO REMAIN IN THE CHAIR

    IZETTLE SELLS FOR $2.2 BILLION, CEO TO REMAIN IN THE CHAIR

    News by Editorial Team 18 May 2018

    PayPal just bought iZettle, to gain ground in the online payments space in Europe. The latter, who had plans for an upcoming-IPO at NASDAQ, will continue to make the most of its current CEO Jacob de Geer. Although rumors of a corporate tie-up had surfaced a lot in the last few years, the communion awaited Jacob’s approval, who was insistent on the company cultures, complementing each other.

     

    read more at Fortune
  • JOB – PROCESS MEAT, MAKE MORE MONEY THAN TIM COOK & ELON MUSK!

    JOB – PROCESS MEAT, MAKE MORE MONEY THAN TIM COOK & ELON MUSK!

    News by Editorial Team 17 May 2018

    Nope, that wasn’t a job advertisement but the way, Wan Long, CEO of WH Group $291 million last year. His KRAs – turning a state-owned, meat processing business into a Global Pork Brand. The company chair has made it his habit of turning meat into gold. For the record, Wan earned three-quarters of a billion in compensation from 2013 to 2017.

     

    read more at Bloomberg
  • IBM BANS THE USE OF REMOVABLE MEMORY DEVICES

    IBM BANS THE USE OF REMOVABLE MEMORY DEVICES

    News by Editorial Team 14 May 2018

    It’s fascinating to see that a tech-giant like IBM, should take so long to introduce a ban on removable devices, while others have already cut their cords with the subject. Still, the management has decreed. May, shall see IBM employees globally, ceasing the use of USB(s) at the workplace. Instead, the transfer of data will now be channeled through intra-office networks.

     

    read more at BBC
  • GOOGLE WILL MIMIC HUMAN VOICE WITH ITS AI, BUT DON’T WORRY!

    GOOGLE WILL MIMIC HUMAN VOICE WITH ITS AI, BUT DON’T WORRY!

    News by Editorial Team 14 May 2018

    The tech-giant stunned everybody at this year’s I/O Conference with its Duplex bot, AI that has the capability to mimic the human voice. Yes, to some the prospect is terrifying, which is why the listeners will be alerted whenever Duplex makes the call. While such an advance is welcomed to facilitate lifestyle-convenience, skeptics might ask – in a Dystopian world, what’s stopping Google from skipping the bot-alert to accomplish its call agenda? 

     

    read more at BBC
  • NEW SAUDI EMPLOYMENT LAWS TIGHTENS THE NOOSE AROUND EMPLOYERS

    NEW SAUDI EMPLOYMENT LAWS TIGHTENS THE NOOSE AROUND EMPLOYERS

    News by Editorial Team 11 May 2018

    The government, led by its daring new King, will impose fines worth $2,667 on employers if the latter is found exploiting its non-Saudi employee base. Under the new changes, companies will be deemed “punishable”, if found holding-back foreign worker passports. In addition to that, forcing the same cohort to perform duties other than those listed on the work permit, will invite further sanctions.     

     

    read more at Times of Oman
  • A CASE OF MODERN-DAY SLAVERY CULMINATES IN A $48,000 SETTLEMENT

    A CASE OF MODERN-DAY SLAVERY CULMINATES IN A $48,000 SETTLEMENT

    News by Editorial Team 11 May 2018

    Such were the perils of Lara Taouktsi, who worked at Lorenz & Z Furniture (Ontario) for 3-years without regular wages. When she mustered the guts to ask for her dues, the director of the company hailed abuses at her, at which point Lara turned to the authorities. Though the case is settled, it pays to think, how long would you be willing to work without getting paid? 

     

    read more at Stuff
  • BRITISH TELECOM – DIPPING BEFORE SUCCEEDING?

    BRITISH TELECOM – DIPPING BEFORE SUCCEEDING?

    News by Editorial Team 11 May 2018

    The company which is too big to fail has been staring the ground for some time. Riding a disappointing fleet of unprofitable years, the company-turning-corporate-megalith has decided to do away with 13,000 positions. BT CEO, Gavin Patterson, did a poor job in justifying the drive by pointing at presumptive annual savings of $2 Billion by 2021, appeasing public outrage by little.

     

    read more at Gadgets Now
  • FACEBOOK REPLACES JAN KOUM’S IN THE BLINK OF AN EYE

    FACEBOOK REPLACES JAN KOUM’S IN THE BLINK OF AN EYE

    News by Editorial Team 10 May 2018

    With little over a week gone, Facebook has found the brains to walk in the abled footprints of ex-WhatsApp CEO, Jan Koum. Chris Daniels, who has been developing the company’s product offering at Internet.org, is the “special one”. Not reading too much between the lines, Chris would be expected to widen the chat service’ market share internationally, beyond Brazil & India, countries with the most WhatsApp users.

     

    read more at Recode
  • SOLD!!!!! JAPAN’S RECRUIT PAYS $1.2 BILLION FOR GLASSDOOR

    SOLD!!!!! JAPAN’S RECRUIT PAYS $1.2 BILLION FOR GLASSDOOR

    News by Editorial Team 10 May 2018

    The company review website, Glassdoor, has decided to accept an all-cash payment of the amount, from the Oriental conglomerate as its price-tag. The acquisition reflects Recruit’s desire to add to its corporate solutions portfolio, a catalog of services capped at $39 Billion. Glassdoor’s CEO, Robert Hohman emphasized that future efforts would see the company maintain its fabric on such linear-lines, that it had till now.     

     

  • HOW DOES OCADO WEIGHT-LIFT THOUSANDS OF ORDERS, SO EFFECTIVELY?

    HOW DOES OCADO WEIGHT-LIFT THOUSANDS OF ORDERS, SO EFFECTIVELY?

    News by Editorial Team 09 May 2018

    The online Supermarket which circumvents distribution channels to deliver directly to consumers does so with the help of automation. But for a few engineers, without which its operations would come to halt, the machines manage the bulk-load of orders which could go up to 65,000 in a week. Ocado’s facility is said to house as much as 1,100 robots under one roof.

     

    read more at BBC
  • INDONESIAN EMBASSY IRKS SINGAPORE WITH NEW FOREIGN WORKER REFORMS

    INDONESIAN EMBASSY IRKS SINGAPORE WITH NEW FOREIGN WORKER REFORMS

    News by Editorial Team 09 May 2018

    The former has taken a step towards introducing reforms, in regards to the Indonesian maids employed in Singapore. As per the action plan, those opting for some Indonesian help would be required to pay performance bonds of up to $6,000, as per the Indonesian Embassy. Singapore’s Ministry of Manpower, however, maintains that the country already has sufficing employee right mechanisms to ensure a justified pay.  

     

    read more at Straits Times
  • MUSK ISSUES ULTIMATUM TO CONTRACTORS, AMIDST FALLING TESLA-NUMBERS

    MUSK ISSUES ULTIMATUM TO CONTRACTORS, AMIDST FALLING TESLA-NUMBERS

    News by Editorial Team 09 May 2018

    As per the CEO’s latest message, third party contractors who have failed to establish confidence in company employees will cut-loose. As per the move’s proponent, it would demarcate those vendors who have been successfully meeting production standards, from the rest. Although falling stock-prize alerts for Tesla are commonplace, yet the company is under heavy fire to show results, following a disastrous conference call.  

     

    read more at Oil Price
  • EX-VW CEO BRACES HIMSELF FOR THE UPCOMING STORM

    EX-VW CEO BRACES HIMSELF FOR THE UPCOMING STORM

    News by Editorial Team 08 May 2018

    The company’s board, as per a German publication, is weighing options to confiscate the property of its former CEO, Martin Winterkorn. The troubled car maker’s internal inquiry could turn to Martin’s long loved possessions, to recover a fraction of its $20 Billion worth of fines, paid to Government Authorities. Last week, a formal investigation indicted Martin, along with five other company executives. 

     

    read more at USA Today
  • BAYER ANNOUNCES THE EXECUTIVE TEAM TO LEAD ITS CROP SCIENCE DIVISION

    BAYER ANNOUNCES THE EXECUTIVE TEAM TO LEAD ITS CROP SCIENCE DIVISION

    News by Editorial Team 08 May 2018

    Liam Condon, who has been an integral part of Bayer’s Animal Health unit, will be the one to lead the Crop Science team. The announcement will materialize as soon as Bayer concludes its acquisition of Monsanto.  Liam will have the assistance of the divisions’ new COO Brett Begemann along with other veterans such as Dr. Michael Stern & Robert Reiter to name a few. 

     

    read more at Agri Business
  • SNAPCHAT CHANGES ITS FIRST CFO, WITHIN THREE YEARS

    SNAPCHAT CHANGES ITS FIRST CFO, WITHIN THREE YEARS

    News by Editorial Team 08 May 2018

    The relationship of Drew Vollero, company CFO, and the Snapchat board has snapped. Drew, who was the first in the business’ line to foresee the company’s finances, as its CFO will be replaced by an experienced Amazon honcho, Tim Stone. Plummeting stock prices on the Wall Street and increasing competition from Facebook had cornered Snapchat to move the needle on the issue. 

     

    read more at Tech Crunch

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