Employers would be banned from making staff sign noncompete clauses, according to proposed rules that federal regulators say would boost worker pay and end a major drag on people who wish to change jo...
Tag: Workers
Efforts to keep workers from cashing out their 401(k)s gain steam
A provision in President Biden’s new legislation aims to keep workers from cashing out their 401(k) when they move from one job to another, building on a similar effort launched last year by the...
Genesis sacks 30% of workers, may file for Chapter 11 bankruptcy
Beleaguered crypto lender Genesis has sacked 30% of its workers and may file for bankruptcy, The Wall Street Journal reported Jan. 5, citing people familiar with the matter. Genesis previously laid of...
Silvergate sold assets at loss to cover withdrawals, laid off 40% of workers
The collapse of FTX sparked a bank run on Silvergate, forcing the financial institution to sell assets at a steep loss to cover some $8.1 billion in withdrawals. The bank has also laid off 40% of its ...
Workers in California and Washington State will get more pay transparency
Do you know how much your job is worth? Millions of Americans are finally getting the answer. Starting Jan. 1, California and Washington state will require employers to include pay ranges with their ...
Elon Musk Urges Tesla Workers Not to Worry About Share Price
Elon Musk told employees at Tesla not to worry too much about the company’s stock market dive over the past few days. “Don’t be too bothered by stock market craziness,” Musk wrote in an email to staff...
Tesla CEO Elon Musk tells workers not to worry about ‘stock market craziness’
For Tesla (TSLA) investors, they finally have an Elon Musk sighting in the building. As first reported by EV blog Electrek, Tesla CEO Elon Musk sent a letter to employees last night, thanking them for...
Workers and retirees are getting some year-end goodies from Washington
America’s workers and retirees are getting some nice year-end gifts from Washington. As part of a bigger bill to keep the government running, Congress has passed, and President Biden has signed, somet...
The Agenda podcast explores how DAOs can strengthen workers’ rights
Collective action, labor struggle and protest go hand in hand, and it’s no secret that unionizing and organizing to fight for workers’ rights is a tedious task. But is there a way to simplify and boos...
Congress just approved 401(k) and IRA changes that affect workers across generations. Here are the key points to know
Saving for retirement just got a little bit easier. Congress approved big changes that can help 401(k) and IRA savers put a little more money away for their futures. A series of new laws—known collect...
Fried’s Freedom Fried, Workers Found Installing Cameras in his House
Zero Tolerance Following Sam Bankman-Fried’s (SBF) arrest on December 12th, evening 6:00 p.m. in the Bahamas, legal troubles are continuously increasing for the co-founder and former CEO of bankrupt ...
Restaurant chains are investing in robots, bringing change for workers
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automat...
CEOs from Elon Musk to Jamie Dimon fought to bring workers back to the office in 2022. Here’s who won—and who lost—the great return-to-office war
The world edged closer to learning to live with COVID-19 in 2022, and as it did, an increasing number of pandemic restrictions were lifted. In many countries, that meant returning to the office for th...
D.C. spending deal sets way for employers to help workers build cash savings
As people watch their savings sink under inflation’s pressure, one provision in the congressional year-end spending deal aims to make it easier for workers to save money for life’s unexpected expenses...
IRS Halts Controversial New Rule Requiring Gig Workers To Report $600 Payments
Topline The Internal Revenue Service has put a one-year pause on a controversial new rule that would have required gig workers to report payments of at least $600 received through e-commerce platforms...
A Chick-fil-A that paid workers with sandwiches instead of actual money was just fined by the Department of Labor
A Chick-fil-A restaurant in North Carolina sparked outrage this summer by paying “volunteers” with sandwiches instead of money. Now, it’s been ordered by a federal agency to issue those workers payche...
Hundreds of workers leaving Tyson Foods as company closes offices: report
Hundreds of employees at Tyson Foods have decided not to relocate to the company’s headquarters in Arkansas next year as the company consolidates its corporate offices. The workers are reportedl...
Why Are Workers Unionizing Now? What Do Unions Really Mean To Investors?
| Getty Images Key Takeaways The American labor movement has grown significantly since the beginning of the pandemic. Today, more than 250 Starbucks stores are unionized. Workers are demanding better ...
Struggling to Find Accountants, Businesses Boost Salary Offers, Hire Temporary Workers
A deepening shortage of accountants is driving a growing number of companies to raise salaries or seek temporary help to strengthen their finance teams amid a slowing economy. Many employers over the...
Workers around the world say this is the best U.S. city for expats
Around the world, people agree that the best U.S. city to try living and working abroad is Miami, Florida. The South Florida beach and nightlife destination ranks 12th out of 50 global cities as being...
1,000 salaried Ford workers retire after pension warning from automaker
DETROIT – Retirement-eligible salaried employees at Ford were warned and advised about retiring this year to maximize a lump sum pension payment. The company confirmed Wednesday that approximately 1,0...
Exxon’s US Workers Get Inflation-Busting Pay Hike as Profit Hits Record
(Bloomberg) — Exxon Mobil Corp. is awarding US employees above-inflation pay increases just weeks after the Texas oil giant posted its highest quarterly profit, underlining how strong 2022 has b...
Here are 3 ways Gen Z workers can start saving now for retirement
Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts s...
Salesforce Orders Some Workers Back to Offices as Growth Slows
(Bloomberg) — Salesforce Inc., one of the first tech companies to let employees work from anywhere, is requiring some sales workers to return to the office and abide by other productivity rules ...
Qatar Reviews Deaths Of Migrant Workers, But Huge Questions Remain
Nepali migrant workers rest after a day of work on foam mattresses, between 1 and 8 centimeters … [+] thick in a labor camp dormitory in Doha’s Industrial Area, on June 18, 2011. These wor...
Senate Votes To Avert Rail Strike—But Denies Railroad Workers’ Request For 7 Paid Sick Days
Topline The Senate approved a new contract between railroad companies and labor unions on Thursday in a last-minute vote, ahead of a December 9 deadline that could trigger a nationwide railroad strike...
Suze Orman says, ‘We’re heading downhill very fast,’ unless employers start providing this lucrative benefit to their workers
Americans trying to save some cash for unforeseen expenses are up against a lot — months of red-hot inflation, wages that don’t keep up, the sheer difficulty of delayed gratification in a time when pe...
‘I can no longer be an executive at a high level’: Workers with disabilities, including long COVID, are finding their place as companies become more flexible
Dana Pollard started a new job at the end of 2022, after spending three years recovering from a 2019 stroke. Pollard, 56, lives in Fort Worth, Texas, with his wife. After the stroke, he could not reco...