by Bhatt Unnati | May 5, 2022 | Business, Latest News
Elon Musk is expected to serve as a temporary CEO of Twitter for a few months after he completes his $44 billion takeover of the social media company, sources told CNBC’s David Faber. An SEC filing on Thursday revealed Musk secured approximately $7.14 billion in...
by Bhatt Unnati | May 4, 2022 | Business, Latest News
Companies added far fewer jobs than expected in April as the struggle to find workers to fill open positions continued, payrolls processing firm ADP reported Wednesday. Private payrolls increased by just 247,000 for the month, well below the 390,000 Dow Jones...
by Bhatt Unnati | May 4, 2022 | Business, Latest News
Barring a messy, last-minute divorce, Elon Musk is on track to own Twitter (and yes, mea culpa). The mercurial, brilliant entrepreneur offloaded around $8.5 billion of Tesla stock this week as he prepared to pay for his $44 billion side project. And soon, he’ll be...
by Bhatt Unnati | May 3, 2022 | Business, Latest News
Twitter CEO Parag Agrawal fielded heated feedback from employees during a Friday meeting over Elon Musk’s recent purchase of the company, according to Reuters. The feedback came during an internal town hall, which Reuters gained access to. “I’m tired of hearing about...
by Bhatt Unnati | May 2, 2022 | Business, Latest News, Remote Work
In an open latter to CEO Tim Cook, the employees from the Apple Together group said the move back to in-person working would “change the makeup” of the workforce and would result in recruitment and staff retention relying on people’s personal...
by Bhatt Unnati | Apr 28, 2022 | Business, Latest News
Amazon is doubling its maximum base pay to draw new hires and retain talent, but some employees say the subsequent raises still aren’t enough to keep workers at the company as it faces a wave of attrition. Insider reported Wednesday that some of the e-commerce...
by Bhatt Unnati | Apr 27, 2022 | Business, Latest News
Robinhood CEO Vlad Tenev announced Tuesday that it was laying off 9% of its full-time employees. Earlier this year, Reuters reported that Robinhood had 3,400 employees, and though that did not specify full-time versus contract, it looks like this cut may affect some...
by Bhatt Unnati | Apr 27, 2022 | Business, Latest News
The future is uncertain for Twitter employees after the board accepted a $44 billion offer from Tesla CEO Elon Musk to buy the popular social media platform and take it private on Monday. “Once the deal closes, we don’t know which direction the platform will go,”...
by Bhatt Unnati | Apr 26, 2022 | Business, Latest News
Parag Agrawal, one of a large crop of Indian-origin CEOs at major Western companies, appeared to write a farewell note as news broke of Elon Musk’s $44 billion takeover of Twitter on April 25. Agrawal replaced Twitter founder Jack Dorsey as CEO less than six months...
by Bhatt Unnati | Apr 25, 2022 | Business, Career Advice, Latest News
After trending up in recent years, employee engagement in the U.S. saw its first annual decline in a decade — dropping from 36% engaged employees in 2020 to 34% in 2021. This pattern has continued into early 2022, as 32% of full- and part-time employees working...