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  • SAMSONITE CEO RESIGNS, AS RUMORS OF FINANCIAL IMPROPRIETIES RUN AMUCK

    SAMSONITE CEO RESIGNS, AS RUMORS OF FINANCIAL IMPROPRIETIES RUN AMUCK

    News by Editorial Team 01 Jun 2018

    Ramesh Tainwala shall no longer serve as the company’s CEO. The crisis, which is dragging the luggage-maker into the mud, accuses it of financial malpractices. The company’s current CFO, Kyle Gendreau, is said to replace Tainwala with immediate effect.  Last week, short selling firm Blue Orca had raised doubts over Samsonite’s relationship with multiple entities owned by Tainwala.

     

    read more at Euro News
  • WORLD’S 3RD LARGEST CRYPTO-EXCHANGE, BEGINS RECRUITING IN BRAZIL

    WORLD’S 3RD LARGEST CRYPTO-EXCHANGE, BEGINS RECRUITING IN BRAZIL

    News by Editorial Team 01 Jun 2018

    Crypto-exchange Huobi is establishing foundational offices in Sao Paolo. Following an aggressive Chinese hunt-down on cryptocurrency trading in 2017, the exchange planned contingencies to branch-out internationally. As a consequence of which, Canada, USA & Japan have seen a flurry of activity from the firm’s representatives. Token Exchange Players with substantial market share such as Bitfinex, Binance & OKEx are making similar strides to spread outwards of China. 

     

    read more at Bitcoin Magzine
  • STARBUCKS EMPLOYEES LEARN TO 'POUR YOUR HEART INTO IT!'

    STARBUCKS EMPLOYEES LEARN TO 'POUR YOUR HEART INTO IT!'

    News by Editorial Team 30 May 2018

    Tuesday’s hour-long training, during which 8,000 outlets were temporarily shut, handed employees a golden chance to come to terms with customer-behavioral-nuances. The session, which encouraged employees to junk racial biases cost the company estimated $16.7 million in lost sales. Yet, against an almost $23 Billion revenue, that’s a small cost to pay to retain consumer confidence.

     

    read more at Bloomberg
  • HOW A HIGH PROFILE EXIT AFFECTS COMPANY REPUTATION?

    HOW A HIGH PROFILE EXIT AFFECTS COMPANY REPUTATION?

    News by Editorial Team 30 May 2018

    Marvin Ellison’s exit (to join Lowe’s) from JCPenny are yet to unfold in all its glory, yet the signs point to an imminent disaster. Having left the company debt-ridden, Marvin’s predecessor (Ron Johnson) passed a bucket full of worries on to his shoulders. Nevertheless, under Ellison’ rule the, debts were cut from $5 Billion to $4.1 Billion. Analysts feel, such immediate shivers for JCPenny, might turn into long-term cancer.

     

    read more at Business Insider
  • DOES THIS EU LAW, HOLD THE KEY AGAINST A FUTURE CAMBRIDGE ANALYTICA?

    DOES THIS EU LAW, HOLD THE KEY AGAINST A FUTURE CAMBRIDGE ANALYTICA?

    News by Editorial Team 28 May 2018

    Under the new GDPR (General Data Protection Regulation) law, user applications (operating in EU) are mandated to obtain customer-consent, to use personal data for advertising. Contrary to this, Facebook & Google have been operating on a binary approach. A reason, good enough for the privacy group noyb.eu to litigate on. Perhaps, such measures need to be thrust by the authorities, lest the tech-giants violate “free choice”.

     

    read more at Fortune
  • WALMART SEEKS TO AWAKEN THE SLEEPING GIANT, OF STAY-AT-HOME MOMS

    WALMART SEEKS TO AWAKEN THE SLEEPING GIANT, OF STAY-AT-HOME MOMS

    News by Editorial Team 28 May 2018

    “Returnships”, will strive to pull back the untapped potential of those women, who for personal reasons had taken time off from their careers. Commencing in September, Walmart Labs would hire a batch of 20-30 individuals for branch-units in California, aiming to re-familiarize it with Software Engineering & Product Management. Upon evaluation, the practice will be spread to other locations in the US.     

     

    read more at Fortune
  • DOWNSIZING, ALREADY PROVING PROFITABLE FOR GAVIN PATTERSON. OR IS IT?

    DOWNSIZING, ALREADY PROVING PROFITABLE FOR GAVIN PATTERSON. OR IS IT?

    News by Editorial Team 25 May 2018

    Amidst the rigmarole of reducing the manpower by 13,000 (over 5 years), the BT-board has decided to raise the salary of its CEO, Gavin Patterson. Having earned a total £2.3 million in 2017, Gavin’s base salary would now be upwards of £1 million. To be noted though is that Patterson forfeited his bonuses amidst last year’s financial scandal, an appreciable trait, especially when BT faced major push-backs.  

     

    read more at Independent
  • 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

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