Tag Archives: workers

Updates with clarification from VK source. Russian tech giant VK Group is demanding its employees based abroad return to the country as lawmakers consider a legal ban on remote work, investigative media reported Thursday, citing sources familiar with the matter. The government estimates that 100,000 IT workers — or 10% of the nation’s tech workforce — have left Russia since the invasion of Ukraine and a “partial” mobilization of reserves last year, though some 80,000 IT… Source link

BlackRock (BLK), the world’s largest asset manager, will lay off about 500 employees — or roughly 3% of its workforce — according to an internal email seen by Yahoo Finance. The investment giant joins a growing number of Wall Street firms trimming their headcount after last year’s market rout and as Corporate America ramps up hiring freezes and job cuts. “This week, after meaningful headcount growth in recent years, we are making some changes to the size and shape of our workforce,” CEO… Source link

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 private sector. The legislation paves the way for employer retirement plans to provide automatic portability services, so funds can be transferred seamlessly into a new employer plan unless the worker opts out. It also increases the limit for automatic rollovers from $5,000 to $7,000. That follows a… Source link

When Tampa Bay leaders talk about luring tech talent here, the type of person they’re picturing is Kan Kotecha. Kotecha is a former vice president of corporate engineering at Google; before that he was head of investment product technology at Morgan Stanley. This summer, looking for a change at a smaller company, he became chief technology officer at Tampa startup Gale Healthcare, which aims to tackle the health care worker shortage by acting as sort of an Uber for nurses looking to pick up… Source link

(Photo via Smith Collection/Gado/Getty Images). Getty Images Key Takeaways Rumors are swirling that Alphabet may be the next big tech company to layoff workers, following the lead of Meta, Amazon and many others. It comes as Google faces revenue pressure from falling advertising revenue and an economic outlook which is likely to exacerbate the issue. Alphabet executives have made multiple comments about increasing efficiency and focus. For investors, it’s another example of the… Source link

Amazon (AMZN) is preparing to lay off roughly 10,000 employees as soon as this week, The New York Times reported on Monday, citing unnamed sources familiar with the matter. The layoffs come as the tech industry continues to struggle amid a slowing economy, rising interest rates, and stubborn inflation. Facebook parent Meta and Twitter also laid off thousands of employees this month. The layoffs will impact Amazon’s Alexa business, as well as the company’s retail and human resources… Source link

Business sectors ranging from agriculture and manufacturing to automotive and financial services are increasingly turning to artificial intelligence as a means to automate large swaths of their organizations—and, along the way, save enormous sums through improved efficiencies. But, says ‘Megathreats’ Author and NYU Stern School of Business professor Nouriel Roubini, the rise of AI will also have a massively negative impact on workers throughout the economy. AI has helped revolutionize… Source link

The news: Dialogue between Alphabet CEO Sundar Pichai and Google employees became tense during a company-wide all-hands meeting this week. As Pichai elaborated on the company’s “simplicity sprint” initiative, he also fielded tense employee questions about the company’s travel and entertainment budget cuts, potential layoffs, and calls for more productivity, per CNBC. One employee accused Google of “nickel and diming” its workforce despite “record profits and huge cash… Source link

Dissatisfied Google employees have put top executives on the hot seat a few times this year.  Most recently, they interrogated CEO Sundar Pichai at an all-hands meeting this week about the company’s spending cuts amid a challenging economic climate, CNBC first reported.  At the meeting, employees submitted questions via an internal Google tool, and fellow workers then up-voted popular questions for executives to answer. When asked about why the company is limiting certain… Source link

Workers said they worry that tech from Google and Amazon could be used to surveil Palestinians. Richard Nieva Hundreds of Google and Amazon workers on Thursday staged protests around the country to speak out against the two tech giants’ cloud contracts with the Israeli government, fearing the military could use the technology to surveil Palestinians. The demonstration stretched across four U.S. cities — San Francisco, New York, Seattle and Durham, North Carolina — as workers… Source link