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Employment growth slowed sharply in November, with the economy adding just 245,000 jobs amid a resurgence of coronavirus cases and fresh government-mandated lockdown measures.
Although the Labor Department's monthly payroll report, released Friday morning, provided the latest evidence that a wave of COVID-19 infections is threatening to undermine the nation's economic recovery from the pandemic, it also showed that there were some pockets of growth in the labor market. READ MORE
2020 has been a challenging year for leaders, their companies, and their employees. When we asked 600 CEOs earlier this year what keeps them awake at night during this global pandemic, many cited the need to reduce expenses, including payroll costs, in response to dramatic revenue losses. “I went from 260 employees to 38 in 10 days,” one CEO shared. “Decisions had to be made swiftly. It was heart-wrenching. My mindset has changed. Priorities have changed, personally and professionally.” READ MORE
In 2014, several large tech companies including Apple, Facebook, Google, and Microsoft started releasing annual diversity reports detailing their workforce composition. The data themselves were not cause for celebration: The reports showed that women made up approximately 30% of the overall workforce and between 15% and 20% of the technical workforce of these companies. Blacks and Hispanics were represented in the low single digits, on average. READ MORE
In this article I am going to take you through my three key lessons on leadership and how to build highly engaged, high-performing sales teams. READ MORE
While sustainability has become a central concern of many managers, investors, and consumers, a major sticking point remains for the ESG movement: There are still no universally adopted standards for how companies can measure and report on their sustainability performance. Instead, we have a large number of NGOs working independently to develop standards for sustainability reporting, which is creating complexity and confusion for companies and investors. But this might be about to change, thanks to a quiet revolution in the accounting community. READ MORE
Amazon is rolling out cheap new tools that will allow factories everywhere to monitor their workers and machines, as the tech giant looks to boost its presence in the industrial sector.
Launched by Amazon’s cloud arm AWS, the new machine-learning-based services include hardware to monitor the health of heavy machinery and computer vision capable of detecting whether workers are complying with social distancing. READ MORE
A group of U.S. states led by New York is investigating Facebook Inc for possible antitrust violations and plans to file a lawsuit against the social media giant next week, four sources familiar with the matter said on Wednesday.
The complaint would be the second major lawsuit filed against a Big Tech company this year. The Justice Department sued Alphabet Inc's Google in October. READ MORE
Founders looking for guidance are faced with too much information. Google any startup related question and open up a few links, it’s quite likely that you’ll find conflicting advice. Similarly, there’s a good chance that if you go out and ask people yourself you’ll hear opposing thoughts. READ MORE
Tesla CEO Elon Musk is telling his employees they need to cut costs or they can kiss its lofty stock price goodbye.
Tesla (TSLA) shares have been among the best performers in 2020, rising nearly 600% through Tuesday trading, making it among the most valuable stocks in the country, worth more than any major automaker. After years of losses Tesla has now reported five straight quarters of positive net income. READ MORE
Hewlett Packard Enterprise (HPE), the California firm that literally kickstarted Silicon Valley in a garage in 1939, is moving to Texas. The low-key announcement was made via an SEC filing on Dec. 1.
If California’s anti-jobs policies, its high taxes, capricious regulatory enforcement, and blackout-inducing energy policy can chase out the company that launched Silicon Valley, is any business, large or small, immune from pressure to move? Unless a company must directly serve the California market, such as a fast-food chain, the answer is a resounding “No!” READ MORE
The biggest tech companies strengthened their hold on the global economy during the pandemic. Now, the industry is leveraging a moment of market euphoria to gear up for what comes next. READ MORE
For anyone who thinks that corporate purpose and stakeholder perspectives are at odds with the interests of shareholders, think again, says Greg Milano, CEO of Fortuna Advisors LLC, and author of Curing Corporate Short-Termism. READ MORE
Nasdaq is pushing for the more than 3,000 companies listed on its U.S. stock exchange to make their boardrooms less overwhelmingly male and white by hiring directors that better reflect the country’s diverse population. READ MORE
U.S. employees started heading back to the office in greater numbers after Labor Day but that pace is stalling now, delivering another blow to economic-recovery hopes in many cities. READ MORE
When Chirag Bhakta saw a headline recently that said tech workers were fleeing San Francisco, he had a quick reaction: “Good riddance.”
Bhakta, a San Francisco native and tenant organizer for affordable housing nonprofit Mission Housing, is well-versed in the seismic impact that the growth of the tech industry has had on the city. As software companies expanded over the past decade, they drew thousands of well-off newcomers who bid up rents and remade the city’s economy and culture. READ MORE
Whole Foods CEO John Mackey slammed socialism as “the path to poverty” and defended capitalism as the “greatest thing humanity’s ever done” during a recent interview.
Mackey, who is worth an estimated $75 million, made the remarks last week to the American Enterprise Institute while discussing the culture of business leadership and how he believes it needs to change to help better elevate humanity through business. READ MORE
If there's one thing just about every super successful entrepreneur out there can agree on (besides a love of books), it's that failure is a necessary part of creating anything new and worthwhile. From Richard Branson to Elon Musk to Sara Blakely, just about every billionaire you admire has offered advice on how to get more comfortable with failure so you can achieve more. READ MORE
Many of us started the new decade with high hopes and renewed aspirations, and instead, this year delivered a devastating blow. For all the setbacks and losses we’ve experienced, a brighter future remains. We can still look forward to a thriving entrepreneurial environment and fruitful innovations that can continue to improve lives and open new opportunities and horizons. READ MORE
Forward-thinking companies understand the true potential of performance management, which cannot be achieved by a once-a-year appraisal and a rating created from the top down. By shifting traditional performance management to continuous performance management—built on a foundation of regular check-ins, ongoing feedback, and frequent recognition moments—companies can optimize performance by enabling employees to achieve more with the support of their peers and manager. READ MORE
The countless environmental, social and governance (ESG) reporting systems can make the disclosure process time-consuming, duplicative and confusing. Companies should centralize ESG oversight into a single function, Evan Williams, capital markets competitiveness director for the U.S. Chamber of Commerce, said. READ MORE
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