employees

Nashville’s Pension System Paid Retired Public Employees $205M Last Year. Ex-police Chief Gets $126K, While Median Income is $72K.

Total Payout: Last year, Nashville’s pension system disbursed a staggering $205 million to retired public employees. That’s a substantial sum! High-Paid Retirees: Among the recipients, 68 individuals received pensions of $72,000 or higher. Notably, some former police officers secured impressive payouts: Michael Robinson: Collects over $187,000. Eric Snyder: Receives $139,000. Former Chief Steve Anderson: Retired in 2020 and enjoys a $126,000 pension. For context, …

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Walgreens will close up to 2,150 stores nationwide – which will likely result in a headcount reduction of around 57,000 employees

Wentworth also said in an interview with the Wall Street Journal that the company has not settled on a final number of locations to close. Walgreens operates roughly 8,700 stores in 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, according to its website. Wentworth also told the Wall Street Journal …

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Prudential Financial will lay off employees soon

Prudential Financial is currently in the process of laying off 56 employees at its headquarters in Newark, New Jersey. These layoffs are scheduled across three separate dates in 2024: June 21, September 30, and December 31. The company’s decision reflects ongoing efforts to streamline its organizational structure and adapt to evolving customer needs and market dynamics. Prudential Financial …

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USLS abruptly shuts down, leaving 2,000 employees jobless and customers scrambling for freight.

In a recent shocking move, the Texas-based U.S. Logistics Solutions (USLS), owned by Ten Oaks Group, abruptly ceased operations, leaving over 2,000 employees jobless. The closure affected 500 truck drivers, 732 power units, and resulted in the shuttering of 19 terminals, primarily on the East Coast. Former USLS President Eric Culberson expressed devastation and heartbreak due …

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NVDIA Employees making so much that less work being done

NVIDIA stock price has skyrocketed these couple years making most of the employees that were payed in stock semi retired now and a lot of them are def lazy meaning less work being done for the company. Source: Nvidia’s success is making some now-wealthy employees complacent | TechSpot Forums One employee mentioned he was making …

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Wells Fargo fires employees accused of faking keyboard activity to pretend to work

Wells Fargo fired a bunch of employees accused of pretending to work, by using some tech to fake their keyboard typing, instead of doing their actual jobs, it emerged today. The California-based enormo-bank disclosed the terminations to the US Financial Industry Regulatory Authority on May 6, saying the employees were “discharged after review of allegations …

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Media Matters has laid off at least a dozen employees

Media Matters has long sought to control public discourse on social media by targeting advertisers and pressuring them to pull their ads over conservative content. This leads to platforms cracking down on right-wing discussions. The organization also targets conservative outlets and websites using the same tactic to try and drive them out of business. On …

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Google layoffs target ‘core’ employees, shift roles to cheaper countries.

BREAKING: Google, $GOOGL, has started to layoff hundreds of ‘core’ employees and has started hiring for the same roles in cheaper countries like India and Mexico, per CNBC — unusual_whales (@unusual_whales) May 1, 2024 Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” …

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Tesla earnings after the bell, stock down 43 percent. Tesla lays off 2,700 employees in Austin.

In the rapidly evolving landscape of electric vehicles, Tesla’s recent stock crash and potential pivot towards self-driving technology have sent shockwaves through the market. With layoffs and restructuring underway, the company faces a pivotal moment that could redefine its trajectory and competitive standing in the industry. Key points: Tesla’s stock plummeted by 43% amid doubts …

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Google plans to layoff thousands of employees in their finance, business operations due to AI. Plans to relocate jobs overseas.

BREAKING: Google plans to layoff thousands of employees in their finance, business operations due to AI. They also plan to offshore to India, Mexico, and Ireland pic.twitter.com/wySla41WH1 — Financelot (@FinanceLancelot) April 18, 2024 The layoff spree in the tech industry is showing no signs of slowing down as Google announced restructuring plans, which involve some …

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60+ DEI employees fired at Univ of Texas.

A week after state Sen. Brandon Creighton warned Texas university system administrators about the state’s expectations for higher education institutions to comply with Senate Bill 17 — an anti-DEI law that went into effect in January — the University of Texas has laid off at least 60 staff members who previously worked in diversity, equity …

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Government employees cost 40.5% more than private sector counterparts in December.

via Mike Shedlock Today the BLS released employer costs for the 4th quarter of 2023. Let’s investigate how much state and local government workers make compared to private industry workers. Compensation chart from the BLS, annotations and calculations by Mish Information from the BLS report on Employer Costs. The Employer Costs for Employee Compensation (ECEC) measures …

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University of Virginia Spends $20 Million On 235 DEI Employees, With Some Making $587,340 Per Year.

“The University of Virginia (UVA) has at least 235 employees under its ‘diversity, equity and inclusion (DEI)’ banner — including 82 students — whose total cost of employment is estimated at $20 million. That’s $15 million in cash compensation plus an additional 30-percent for the annual cost of their benefits.” https://openthebooks.substack.com/p/university-of-virginia-spends-20 That’s $1,000/year/student. Soon adds …

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Google is laying off hundreds of employees in its advertising sales team

Google is laying off several hundred employees in its advertising-sales team, Business Insider has learned. The search giant plans to cut hundreds of roles from its advertising-sales unit as part of a restructuring, Philipp Schindler, Google’s chief business officer, told staff Tuesday in a memo. Schindler wrote that the cuts were the result of changes …

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Employees revolt over AI Surveillance at work.

From algorithms firing staff without human intervention to software keeping tabs on bathroom breaks, technologies including artificial intelligence are already upsetting workers and unsettling workplaces. At call centers, AI systems record and grade how workers handle calls, often giving failing grades for not sticking to the script. Some corporate software spies on workers to see …

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Video Shows Passenger’s Tirade Against Delta Employees: ‘I’m on My Period, Do You Know What a Uterus Is?

Another day, another video showing someone making life hell for airline and airport employees. In a wild video recorded at Hartsfield-Jackson Atlanta International Airport, a woman could be seen yelling at Delta employees and seemingly using her period as an excuse for her behavior, per View from the Wing. The clip first started circulating on …

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Two British Airways Employees Mysteriously Fall Down Dead…

A British Airways crew member collapsed and died in front of horrified passengers moments before their jet was due to take off. The 52-year-old steward fell to the floor as holidaymakers were preparing to fly from London Heathrow to Hong Kong on New Year’s Eve, it has been reported. In a desperate effort, the jet’s …

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Google likely to layoff 30,000 employees post new AI innovation

Google is actively engaged in advancing its AI model, but recent indications suggest that the tech giant is not just focusing on AI development for external applications but is also contemplating a significant shift in its operational structure. According to a recent report from The Information, Google is considering a substantial workforce reduction, potentially affecting …

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2 Fox News employees pass suddenly over the holiday weekend

“The Christmas holiday period began in a not-so-festive mood at Fox News as the news network is mourning the loss of Adam Petlin, the director of Chicago bureau operations, and Matt Napolitano from Fox News Audio. Fox News Media CEO Suzanne Scott shared the news with staffers via two company-wide memos over the holiday weekend. …

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Demand challenges hit General Mills and FedEx; Tesla skips employees’ yearly merit-based stock compensations

They’re not “cutting back” because they’re broke, I’ve seen boxes of cereal going for $7 bucks. The little boxes with Shrinkflation. And the main buyers of cereal are still parents in desperate need of a quick meal for kids, and there are just plain a lot less parents, birthrates are low. General Mills sales down …

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Trade War: Chinese state entities in at least 8 provinces are directing employees to use local brands, escalating efforts to promote domestic products over foreign ones.

Multiple 🇨🇳 state firms and government departments across at least 8 provinces — including the prosperous coast — instructed employees in the past month or two to start carrying local brands. That’s a major step-up from around September, when a small number of agencies in… pic.twitter.com/5j3Ngci7aE — Byron Wan (@Byron_Wan) December 15, 2023 🔴 CHINA’S …

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Boston Consulting Group bans employees from trading individual stocks (unverified claim)

by welp007 Only thing I found was a Glassdoor comment about 6 days ago. https://www.glassdoor.com/Community/all-things-mbb/well-bcg-just-announced-in-north-america-that-individuals-are-no-longer-allowed-to-buy-stocks-except-funds-or-if-trades My thoughts on this discovery… Why does BCG, a consultant group need to have an individual stock ban for its employees, if it isn’t doing crimes? Is it because employees are APE’s and are buying basket stonks of abusively shorted companies …

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CEO of Open AI dimsissed, hired by Microsoft; SIX HUNDRED OpenAI employees threaten to quit in protest of his ouster

Sam Altman hired by Microsoft, 600 OpenAI employees threaten to quit in protest of his ouster Sam Altman, a prominent executive behind the rise of artificial intelligence, was hired by Microsoft days after being ousted as CEO of OpenAI, eliciting a letter signed by nearly 600 employees at OpenAI calling for the resignation of the …

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500 employees of OpenAI threaten to quit in letter unless board resigns and Sam Altman reappointed

OPENAI WAS IN open revolt on Monday with more than 600 employees signing an open letter threatening to leave unless the board resigns and reinstates Sam Altman as CEO, along with cofounder and former president Greg Brockman. Altman was controversially fired by the board on Friday. “The process through which you terminated Sam Altman and …

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