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“Microsoft doubles budget for employee salaries to address inflation, retain talent” Microsoft plans to boost salaries and benefits to retain its talent in the competitive labor market as decades-high inflation has sapped the buying power of American workers. The Seattle-based tech giant said Monday it would “nearly double” its budget for employee pay as part…
“Microsoft hires up in China for secretive, ‘revolutionary’ real estate project” Microsoft is quietly doubling down on its controversial presence in China as it hires staff for a major real estate project that the company is advertising to locals as “revolutionary,” The Post has learned. The tech giant co-founded by Bill Gates and Paul Allen…
“Elon Musk praises Chinese workers, says Americans ‘trying to avoid’ work” Elon Musk hailed Chinese workers during an event this week – praising their talent and work ethic even as he took a jab at some members of the American labor force. When asked to reveal which electric vehicle startups have impressed him the most,…
“New Yorkers work remote from boozy brunches” Call it pour professionalism. Thanks to new hybrid and full remote work situations, employees around the Big Apple are toting their laptops, headsets and chargers to restaurants, where they’re meeting up with friends and getting happy hour started — while still on the clock. These days, it’s common…
“Facebook parent Meta orders hiring freeze as growth slows” Facebook parent Meta is instituting a hiring freeze for some higher-level positions — a move that comes as Mark Zuckerberg’s embattled social media giant warns of slowing revenue growth. Meta will slow down or entirely pause hiring for most of its mid- or senior-level positions, according…
“Employers post record 11.5 million job openings in March” Employers posted a record 11.5 million job openings in March, meaning the United States now has an unprecedented two job openings for every person who is unemployed. The latest data released Tuesday by the the Bureau of Labor Statistics further reveals an extraordinarily tight labor market…
“My employer lets us work four-day weeks – it’s changed my life” Getting long weekends without your pay or holiday allowance being docked sounds like a dream come true – but it’s completely normal for John Ritchie. John, 37, is a senior product manager for rail ticketing company Seatfrog – and is one of 40…
“The left has gone insane” Elon Musk sparked a firestorm this week by tweeting a meme that calls out the radical drift of left-wing politics in America, showing how the rise of the ultra-left has made people like him suddenly seem right-of-center though their views haven’t changed. Why the furor? Because the meme is right….
“Zuckerberg downplays employee exodus as Meta’s stock soars” Mark Zuckerberg downplayed recent employee turnover at Facebook’s parent company Meta, even as the tech giant reported strong earnings that sent its shares soaring on Thursday. During the company’s first-quarter earnings call, an analyst asked Meta executives to address the state of its “employee retention” and whether…
“JPMorgan, Robinhood workers admit smoking weed on the clock: survey” A major chunk of the corporate workforce could be toking up during work hours on 4/20 – including half of employees at Wall Street powerhouse JPMorgan Chase and the stock-trading app Robinhood, according to the results of a new survey. Nearly one-third of corporate professionals…