Walmart is cutting hundreds of corporate roles in a restructuring effort, according to people familiar with the matter, a week after the retail giant warned of falling profits. The retailer began noti...
Tag: Workers
KKR Sells Minnesota Company And Blue-Collar Workers Get A Piece Of The Pie In Employee-Ownership Program
Marv Dupre, shift supervisor at Minnesota Rubber and Plastics’ Litchfield, Minnesota, plant, high-fives as he learns what the sale means for him. Courtesy of KKR P rivate-equity giant KKR made a...
Why Trader Joe’s Workers Are Unionizing
Employee showing off some Trader Joe’s United buttons which cannot be worn at work, and which are … [+] now the subject on an unfair labor practices complaint to the NLRB. Trader Joe’...
Gig workers still go for crypto despite the bear market
Digital asset management firm Bakkt‘s new survey revealed that 50% of gig workers are comfortable getting a part of their payments in crypto, while 38% said they could consider earning their whole pay...
U.S. Bank workers opened fake accounts to meet sales goals, feds say
NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...
50% of gig workers prefer portion of salary payment in crypto, study reveals
A new survey has revealed that almost half of the gig workers are open to being paid in cryptocurrencies despite the ongoing market meltdown. Indeed, 38% of gig workers could consider earning in cryp...
UPS workers rally in New York to protest hot working conditions
Teamster Local 804 rally in Brooklyn, NY, July 28, 2022. Jack Stebbins | CNBC BROOKLYN, N.Y. – UPS workers rallied Thursday morning to demand that the company provide workers adequate relief during pe...
Shopify Will Cut 10% of Its Staff, With Most Workers Gone by Day’s End
(Bloomberg) — Canadian e-commerce firm Shopify Inc. will cut about 10% of its workforce Tuesday, as Chief Executive Officer Tobi Lutke acknowledged the company’s decision to expand rapidly comin...
The Future Is Brighter For Workers But Dangerous For Bond Investors
TOKYO, JAPAN – MARCH 17: A general view of the humanoid robot HONDA ASIMO during the press preview … [+] for ‘You And Robots – What Is It To Be Human?’ at National Museum...
First Starbucks, then Amazon, now a Korean BBQ restaurant union. Wage workers know they deserve more
Steven Chung, a former head waiter at Genwa Korean BBQ, poses for a portrait on the same street as the restaurant in Los Angeles in July 2019. (Marcus Yam / Los Angeles Times) Three years ago I wrote ...
About 2,500 Boeing workers to strike after rejecting contract offer
ST. CHARLES, Mo. — Roughly 2,500 Boeing workers are expected to go on strike next month at three plants in the St. Louis area after they voted Sunday to reject a contract offer from the plane maker. T...
It’s the end of ‘fantasyland’ for Big Tech and its workers
After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to r...
40% of U.S. workers are considering quitting their jobs — here’s where they’re going
The wave of people leaving their jobs over the past few years is showing no signs of slowing down, and for many willingly choosing to quit, a massive reinvention of their ideal career is underway. The...
Fewer workers want to be in office full-time than ever, but bosses are winning the back-to-work battle
It seems like everyone and their mom is in Italy right now. But the one place that’s not a hot ticket destination? The office. The number of employees looking to spend a five-day workweek in-person ha...
Elon Musk says remote workers are just pretending to work. Turns out he’s (sort of) right
“Remote work is no longer acceptable,” thundered Elon Musk in a leaked memo to Tesla staff in late May. The world’s richest man doubled down when he confirmed the memo’s authenticity on Twitter, writi...
Gemini Silently Laid Off Over 60 More Workers –
One of the world’s largest cryptocurrency exchanges had to lay off more than 1,000 workers The crypto winter is here, and Gemini is figthing back with extreme cost-cutting Kraken and Binance appear t...
Gemini Silently Laid Off Over 60 More Workers, Source Says
On July 18,2022, an anonymous source linked to the crypto exchange Gemini said that the company had laid off 7% of its workforce. The source, who spoke with the Tech media outlet TechCrunch, said that...
CEOs Made 324 Times More Than Their Median Workers In 2021, Union Report Finds
Topline Chief executives at S&P 500 companies made 324 times more than the median workers at their companies in 2021 on average, according to an annual report from the U.S.’ largest labor union fe...
Some older workers are being welcomed back to the workforce
Tad Greener’s career and expertise was mostly related to electric and natural gas utilities. Toward the end of 2019 he unexpectedly found himself subject to a “reduction in workplace” at the universit...
Dodger Stadium Workers Say They Won’t Strike For MLB All-Star Game
Topline Concession workers at Los Angeles’ Dodger Stadium will not strike ahead of Tuesday’s MLB All-Star Game at the ballpark, their union spokesperson said in a statement Friday, after a widely publ...
New York Yankees will allow workers to convert part of their paychecks into Bitcoin
A major firm in the Bitcoin space, NYDIG, made the announcement today July 14 that it would become the official Bitcoin Payroll Platform for the New York Yankees as part of a multi-year agreement with...
Are North Korean IT Remote Workers Targeting Crypto Firms? Here’s What We Know
According to the US Government, North Korean IT workers are flooding the freelance market. It’s illegal for US businesses to employ them, but, what if they have no idea they’re doing it? In this new r...
Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
EU airlines face strikes, struggle to find workers post-covid summer travel
Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time...
Embattled Crypto Lending Platform Celsius Lays Off 150 Workers – crypto.news
Cryptocurrency lending platform Celsius has fired about a quarter of its workforce, days after assuring customers that it is working hard to fix its withdrawals and liquidity issues, according to repo...
Celsius Lays off 150 Workers as Depositors’ Worries Begin to Mount
Embattled crypto lender, Celsius, has laid off 150 employees, representing a quarter of its workforce, according to the latest reports. Israeli news outlet Calcalist reported some of the employees lai...
Let’s Stop Blaming Workers for the Ongoing Shortage of Workers
Cato Institute co-founder Ed Crane always marvels at the simplistic thought processes of economic reporters and commentators. It truly mystifies him that they still spill so much ink on how to get a c...
Tesla workers are returning to office only to find there aren’t enough desks or parking spots for them
Elon Musk’s plan to get employees back in the office is hitting a bit of a speed bump: There aren’t enough desks or parking spots for returning workers. Tesla’s most productive factory, located in Fre...