Amazon to Close West Sacramento Warehouse, Lay Off 160 Employees
Amazon is closing one of its grocery fulfillment centers in West Sacramento, California, resulting in the layoffs of about 160 employees. The facility is scheduled to close Oct. 30, according to a notice filed with the state Employment Development Department. Obtained by Sacramento Bee. Five Amazon managers and 154 employees will reportedly be affected by […]
UNRWA Employees Were Among Hamas Terrorists Killed in Airstrike: IDF
The Israel Defense Forces (IDF) on Thursday responded to criticism from the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) by releasing the names of three UNRWA employees and Hamas terrorists who were allegedly killed in an airstrike. UNRWA on Wednesday accused Israel of bombing a “school”, killing six […]
Woke Microsoft Lays Off 650 Employees from Xbox Division
Woke tech giant Microsoft has announced a round of layoffs targeting 650 employees in its Xbox gaming division, the third games-related layoffs since the company acquired Activision Blizzard for $69 billion. CNBC Reports In a memo sent to employees on Thursday, Microsoft Gaming CEO Phil Spencer said the company had made the “difficult” decision to […]
Generous Benefit Plans Leading Gov’t Employees To Be Nearly 40% More Expensive Than Private Sector
The cost of hiring state and local government workers in the second quarter of 2024 was 39.7% higher than private sector employees, mainly due to more generous benefit plans, according to data released Tuesday by the Bureau of Labor Statistics (BLS). Total compensation costs, including wages, salaries and benefits, averaged $43.94 per hour for private […]
Firm will track employees’ locations to ensure return-to-office
One of the world's largest consulting and accounting firms plans to monitor the location of its employees to make sure they comply with stricter return-to-the-office orders. PricewaterhouseCoopers (PwC) said its UK-based offices will “place greater emphasis on face-to-face working” from next year, moving from requiring staff to come into the office at least two days […]
Gen Z employees are taking more sick days than previous generations — here’s why
Sick days have taken on a whole new meaning. As Gen Z employees join the workforce, paid sick leave allotted by the majority of companies is being used more than ever before. According to Gusto, a human resources platform used by more than 300,000 U.S. companies, about 30% of employees took sick leave in the […]
Senate bills would cut pay for federal employees working remotely
Two new bills introduced in the Senate threaten to reverse progress toward creating a more flexible, efficient, and satisfied federal workforce. of Federal Employee Reinstatement Act and Federal Employees Retirement Community Accountability ActBills introduced by Sen. Bill Cassidy (R-Louisiana) would drastically cut pay and retirement benefits for federal employees who work remotely. These proposals threaten […]
Goldman Sachs set to fire more than 1,300 employees: report
David Solomon is sharpening his axe again. The Wall Street Journal reported Friday that Goldman Sachs' CEO will cut more than 1,300 jobs as part of the bank's ongoing review to shed underperforming employees. The Wall Street Journal added, citing people familiar with the matter, that Goldman's cuts would affect 3% to 4% of the […]
Custodia Bank laying off employees as Biden admin’s crypto crackdown weighs on digital asset industry
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. The Biden administration's tightening of regulations on cryptocurrencies has led to major restructuring at some of the smaller but better-known crypto banks. Custody Bank, a Wyoming-based financial institution that provides banking services to cryptocurrency companies, notified employees on Thursday […]
Google, Meta employees envy Nvidia workers’ fat paychecks
Nvidia's employees are becoming millionaires while enduring grueling seven-day office shifts, making employees at rival companies like Google and Meta jealous. An employee at Nvidia, the AI chip maker whose stock price has soared this year and made it one of the world's most valuable companies, used Blind, an app that allows tech workers to […]