April 8, 2024
“…The company’s board of directors has temporarily appointed Mala Murthy, chief financial officer, as Gorevic’s replacement and hired an executive search firm to determine a permanent successor. Shares of Teladoc closed up more than 1% Friday but are down about… Continue Reading…
March 7, 2024
https://www.wsj.com/business/hospitality/restaurants-food-payroll-bars-wages-f21ceb0a The article is behind a paywall so I’ll just add my opinion here. McDonald’s has already been criticized for 20 dollar meals and Wendy’s has been criticized for floating a plain to have “surging” prices during high traffic hours.… Continue Reading…
May 4, 2022
“…Last month, the BLS reported that the US job market was plagued by a near record 11.27 million job openings. Then moments ago, the BLS published its latest, March JOLTS report according to which job openings just hit a new all time high 11.549… Continue Reading…
March 31, 2022
“In February, 4.4 million people quit their jobs, according to data from the Bureau of Labor Statistics, and a whopping 6.7 million people were hired into new roles. Workers, not employers, have the upper-hand right now, and many are taking advantage… Continue Reading…
March 9, 2022
“…It turns out the “Great Resignation,” also known as the “Great Reshuffle,” has many Americans rethinking the type of work they are doing. Some 53% of employed U.S. adults who quit their job in 2021 changed their occupation or field… Continue Reading…
January 4, 2022
“A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics.This pushed the quits rate to 3%, matching the high from September.Workers particularly quit their jobs in the hospitality industry, which had by far… Continue Reading…
November 29, 2021
“Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC’s David Faber. Twitter stock was up more than 5% on the news. Dorsey currently serves as both the CEO of Twitter and Square, his digital payments… Continue Reading…
November 15, 2021
“…A record 4.4 million Americans quit their jobs in September as the sheer volume of available jobs is empowering workers to have their pick.Workers are quitting in search for better pay or better jobs, representing a fundamental shift in America’s labor market…. The… Continue Reading…
October 14, 2021
“Quits hit a new series high going back to December 2000, as 4.3 million workers left their jobs. The quits rate rose to 2.9%, an increase of 242,000 from the previous month, which saw a rate of 2.7%, according to… Continue Reading…
February 26, 2020
“Bob Iger will step down as Disney CEO and assume the role of executive chairman, Disney announced Tuesday. Bob Chapek, who most recently served as chairman of Disney parks, experiences and products, will assume the role of CEO, effective immediately, Disney announced. Chapek will… Continue Reading…
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