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.
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.
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”.
“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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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?
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.
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?
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.
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.
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.
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.
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