Most of Wells Fargo & Co's employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a company memo seen by Reuters on Wednesday. READ MORE
CEO sees more supply chain trouble ahead
Maersk has a front-row seat to global supply chains. It says more trouble is ahead.
The supply chain issues that have walloped the global economy and spurred inflation during the coronavirus pandemic are not getting much better, Maersk CEO Søren Skou told CNN Business on Wednesday. READ MORE
Employee engagement is out. Here’s a better metric
As companies scramble to retain top talent and boost productivity in 2022, many will seek to double down on employee engagement.
They may be wasting their money. READ MORE
14 experts say how the net’s worst problems could be solved by 2035
In the early 21st century, the internet—and the social internet, in particular—has enabled a more connected world. But it’s also enabled and amplified some of humanity’s worst behaviors. Fringy, toxic opinions and outright disinformation proliferate. Antisocial behavior is normalized. Facts—when they can be recognized—are used to bolster preexisting opinions, not to challenge assumptions. Kids (and adults) measure their self-worth by their Instagram comments and follower count. Expecting the huge tech companies that operate the platforms to proactively fix the problems gets more unworkable as online communities grow into the billions. READ MORE
Silicon Valley's tech monopoly is over. Is the future in Austin, Texas?
When Tesla announced last fall that it was moving its corporate headquarters from California to Texas, officials in Sacramento seemed more surprised than concerned.
After all, Tesla was expanding its sprawling Fremont, Calif., assembly plant, which already employs thousands of people. It’s building a battery factory in the Northern California town of Lathrop. READ MORE
Internet guru on Web3: "Get ready for the crash"
With Web3 touted as the next evolutionary stage of the internet, businesses and investors are eagerly hopping on the bandwagon. Tech giants including Alphabet, Facebook-owner Meta and Microsoft are staking their claim in the emerging blockchain-based economy, some non-fungible token companies are already valued in the billion, and cryptocurrency trading platforms are experiencing hockey stick-like growth. READ MORE
Have You Heard Of Q-Commerce? Why And How It’s Taking Off
The trend toward speedy, last-mile delivery has grown exponentially worldwide in the past five years. According to a study by Clutch, online shoppers now typically receive packages within two to three days. But there are still limitations.
As it turns out, two-day delivery is no longer enough, not for consumers or for e-commerce leaders wanting to provide the ultimate customer experience. The aspiration now is for near-instant delivery and at no extra charge. READ MORE
A giant donut-shaped machine just proved a near-limitless clean power source is possible
There's no silver bullet to the climate crisis, but nuclear fusion may be the closest thing to it. In the quest for a near-limitless, zero-carbon source of reliable power, scientists have generated fusion energy before, but they have struggled for decades to sustain it for very long. READ MORE
Everything wrong with your workplace is hiding in plain sight
The most authentic space in the workplace is the bathroom. It’s the place where employees go to find momentary solace, to break down, to text their significant other, to face themselves in the mirror. Office bathrooms (or their pandemic alternative, the private Slack channel) are where workers vent about toxic corporate culture. They’re where schemes for solidarity are assembled. Office bathrooms are where people go to bare their physiological and emotional realities away from company judgment. READ MORE
A 29-year-old CEO is pushing crypto during the Super Bowl by giving away millions in bitcoin
Americans tuning in to the Super Bowl on Sunday will be inundated with ads from cryptocurrency companies, including the trading platform FTX, which plans to give away millions of dollars in bitcoin.
FTX has spent heavily on sports partnerships to try to make itself a brand name in crypto, including an ad with NFL star Tom Brady, a sponsorship with Major League Baseball and a $135 million deal to rename the Miami Heat’s stadium the FTX Arena. READ MORE
The biggest chip deal in history has fallen apart
SoftBank's record-breaking sale of a prized chip designer to Nvidia has officially been called off.
At an initial value of $40 billion, the US chipmaker's acquisition of British design firm ARM would have been the largest semiconductor deal on record. READ MORE
Whether Remote Or On-Site, Here’s How The Hottest Early-Stage Startups Compare
Remember the days when working at a hot early-stage startup meant trekking to an office in a major tech center like Silicon Valley or Boston?
These days, a commute is not necessarily required. At scores of venture-backed companies, the ability to work from home is already the status quo—a perk as ingrained as office-based enticements like free coffee and snacks. READ MORE
Forget America's Great Resignation. It's the Great Upgrade
The churn in the American job market is without precedent.
A record number of American workers quit their jobs last year — of the 68.9 million separations in 2021, 47.4 million jobs were left voluntarily. READ MORE
Crunched for Workers? It's Time to Consider Rapid Hiring
With plans to onboard 100,000 new employees, Home Depot is making job offers (almost) on the spot. Other businesses might want to follow suit. READ MORE
Revolutionary material stronger than steel yet as light as plastic developed by MIT
Scientists at MIT have developed a material that is as light as plastic — but stronger than steel. They believe the material could revolutionize the car, mobile phone and building industries. READ MORE
U.S. on the road to 1950s-style unemployment, but it may only be a pit stop
The last time the U.S. unemployment rate fell below 3%, as one Federal Reserve official has predicted it will this year, the Korean War was nearing its end and a recession that saw legions of workers lose their jobs was just around the corner. READ MORE
The US desperately needs skilled workers. But the colleges that train them are woefully underfunded
As America seeks to train workers for the hundreds of thousands of new infrastructure jobs that are being created, it will have to lean heavily on community colleges.
But these workhorses of workforce development are facing some infrastructure issues of their own. READ MORE
Peloton is wounded. Amazon, Nike or Apple could buy it
Peloton (PTON) has a target on its back.
The company's exercise bikes were a huge hit early in the pandemic. Now, it's struggling to maintain its growth as people spend more time outside their homes — and would-be buyers are circling. READ MORE
Why Elon Musk and Joe Biden both love EVs but can't stand each other
President Joe Biden loves electric vehicles.
He wants half of all new US cars sold by 2030 to be EVs. He proposed a series of incentives to help make that happen -- including tax credits for buyers and government support for charging stations. READ MORE
No quick fix for chip shortage
U.S. Commerce Secretary Gina Raimondo warned during a call with reporters on Friday that there will be no quick fix to resolve the semiconductor shortage contributing to supply chain disruptions causing a ripple effect across the economy. READ MORE