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Southwest Airlines pauses corporate hiring and promotions, summer internships

Southwest Airlines is suspending corporate hiring, promotions and summer internships to cut costs after months of pressure from activist investors. The Dallas-based airline also discontinued “Southwest Rallys,” a team-building program dating back to 1985 that provided free food and entertainment, and company leaders discussed Southwest Airlines' future vision with employees. talk to members. CEO Bob […]

Citigroup slashes banker promotions in cost-cutting drive: report

Citigroup CEO Jane Fraser plans to cut the number of bankers receiving year-end promotions as the Scottish-born executive looks to cut costs, according to reports. The Financial Times reported on Tuesday that just 2,000 Citi employees could expect an early Christmas gift of a pay rise or senior title, down from 8,000 a year earlier. […]

Foreign service discriminates against men when it comes to promotions: report

First appearance on Fox: Data shows the State Department discriminates against men when it comes to promotions in the diplomatic service, according to a new report from the Heritage Foundation. Across all five diplomatic career tracks, including consular services, economic services, political services, public diplomacy, and management, women will be promoted at higher rates than […]

Starbucks CEO Brian Niccol phases out discounts and promotions

Starbucks' new boss is giving the company the thumbs up by cutting discounts and promotions and forcing coffee lovers to pay full price for their drinks. CEO Brian Nicol, a former Chipotle chief executive who was poached from the Seattle-based coffee house chain earlier this year, said the company was brought in last year to […]

Senate passes bill for promotions back pay after Tuberville holds end

The Senate on Thursday passed a bill by Sen. Tommy Tuberville (R-Ala.) that would give back pay to military leaders who delayed promotions during their months in office. of The bill was passed unanimously Thursday will be the retroactive application date for senior executive promotions. It still needs approval from the House of Representatives, which […]

Tuberville ends blockade of most military promotions after months-long abortion fight

Sen. Tommy Tuberville, R-Alabama, announced Tuesday that he is finally reversing his hold on hundreds of military promotions in protest of the Pentagon’s abortion policies. Mr. Tuberville told reporters that he had put all but four-star generals on hold after nine months of protests that infuriated some of his colleagues, including Republicans, who were concerned […]

Amazon warns employees must follow return-to-office mandate to get promotions

Mark Mahaney, senior managing director at Evercore ISI, said other top stocks include Meta, Uber and DoorDash. amazon employee Those who fail to comply with their company’s return-to-office obligations may jeopardize their pursuit of promotion. According to an internal Amazon document previously reported by Insider and CNBC, Amazon executives recently required employees up for promotion […]