Management & Strategy
Google co-founder gives away $127 million worth of stock to charity - 08/15/2022
According to documents posted on the Securities and Exchange Commission website, Sergey Brin, Alphabet's co-founder and top shareholder, sent to charity 1.07 million shares for a total of $127 million on August 8. Recipients of the share transfers are unknown. According to a source of U.S. Forbes, the millionaire donated them to the Michael J. Fox Foundation and the Sergey Brin Family Foundation,...
Online broker Robinhood will lay off 23% of its employees to cut costs - 08/03/2022
Approximately 23% of the personnel at the well-known trading platform Robinhood Markets will be let go as the online broker's business suffered as a result of a dramatic decline in user trading activity. The CEO and co-founder of the online broker, Vlad Tenev, stated on Tuesday, August 2 in a corporate blog that Robinhood will let go of 23 percent of its workforce. The first round of layoffs at...
Credit Suisse announces major strategy review due to losses - 07/27/2022
Ulrich Körner, a specialist in asset management, has been named the new CEO of Credit Suisse. The Swiss bank, which is currently going through another round of management changes, has also announced a significant strategic review in an effort to move past a string of crises. Pressure has been building on the current CEO, Thomas Gottstein, for months because of controversies and losses that...
Google to cut hiring due to recession risk - 07/14/2022
Due to the potential for a US economic slowdown, Google will reduce hiring for the remainder of the year. The firm advised employees to "work with enhanced speed and greater appetite". Earlier, Tesla, Microsoft, and Snap made recruiting slowdown or cutback announcements. Google anticipates slowing down hiring by year's end in response to a potential slowdown in the economy. Sundar Pichai, the CEO...
Leaders vs. Managers: Which one are you? - 07/04/2022
Many people still believe that "leadership" and "management" are inherent to certain positions. Research tells us that this is not the case. In the context of a modern organization’s structure, which is more than a century old, this means that leadership is handled by a few people at the top of the hierarchy, and the large group in the middle is responsible for management. In many ways, such...
Google offers to employees possibility of relocation to US states that allow abortion - 06/28/2022
Google sent out a message to all employees notifying them that they may relocate to a state where abortions are still legal after a U.S. precedent protecting the right to the procedure was overturned at the federal level. Google informed staff on June 24 that anyone wishing to transfer to a state where the procedure is still permitted might do so after the U.S. Supreme Court overturned Roe v....
Mining companies in Australia accused of failing to combat harassment - 06/24/2022
A report on the conclusions of a significant investigation into sexual assault in the regional mining sector was issued by the State Government of Western Australia. According to the research, which looked at a number of complaints made by female workers at organizations including BHP Group, Rio Tinto, and Fortescue, rampant sexual harassment and instances of sexism were present. Additionally,...
3 strategies to stop procrastinating and get down to business - 06/21/2022
You probably have a project that you keep putting off. Or there's a client you need to call and you've been delaying the call for days. Wait, you were also going to go to the gym more often! How do you get yourself to do what you need to do? Reason 1: You procrastinate because you're afraid it won't work Solution: preventative focus. There are at least two approaches to any task. You can take...
UK starts biggest experiment with four-day work week - 06/08/2022
The largest experiment in implementing a four-day workweek has begun in the United Kingdom. According to The Guardian, the 4 Day Week UK program will involve 3,300 employees from 70 organizations. The 4 Day Week program is being held in the United Kingdom thanks to the efforts of New Zealand entrepreneurs Andrew Barnes and Charlotte Lockhart, as well as scientists from Oxford, Cambridge, and...
Musk demands that Tesla's top managers leave their remote offices or resign - 06/02/2022
Musk wrote to Tesla's top managers about unacceptability of working remotely. The richest businessman in the world demanded that managers spend at least 40 hours a week at their workplace or quit their jobs. Tesla CEO Elon Musk demanded from top managers of the company to come back from remote work to the office or to quit the company. This follows from a copy of a letter on behalf of Musk that...
