All articles tagged with #employees
Schwebel Baking Company, founded in Campbell in 1906 and serving Ohio, Pennsylvania and New York, will wind down and liquidate this summer due to aging facilities, equipment and declining demand, affecting about 364 Youngstown-area employees.
SpaceX’s IPO is expected to create a windfall for thousands of workers, with more than 4,400 current and former employees poised to become millionaires and around 400 potentially hitting $100 million or more, thanks to stock-based compensation. The piece highlights ownership as the driver of wealth and suggests the broader lesson: invest in the market (e.g., S&P 500) to participate in the growth of American business, not just chase the next high flyer.
Five Disneyland employees were treated and transported to a local hospital after a hazmat-like odor backstage near the Star Tours ride in Anaheim; officials attributed an unexpected reaction to contractor materials. Guests were not affected, and adjacent areas were briefly closed before reopening.
NASA is preparing to resume normal operations and welcome employees back from furlough as early as the next day, pending government legislation approval.
NASA has announced a second formal furlough notice due to a government shutdown exceeding 30 days, with employees advised on procedures, benefits, and resources during the furlough period.
OpenAI employees are planning to sell shares worth $6 billion at a company valuation of $500 billion, indicating significant employee investment and confidence in the company's growth.
The EPA has suspended around 140 employees who signed a critical letter about the agency's handling of climate and public health issues, launching an investigation into their actions amid concerns of retaliation and suppression of dissent within the agency.
The EPA suspended 144 employees after they signed a letter criticizing the Trump administration's handling of the agency, citing concerns over politicization and First Amendment rights, while the employees and advocacy groups view the actions as retaliation.
Amazon is requiring some of its corporate employees to relocate to cities like Seattle, Arlington, and Washington DC to be closer to their managers and teams, which may involve significant moves.
Google is offering buyouts to employees in its Search, Ads, and other units as part of a restructuring or cost-cutting effort.
Following the election of Donald Trump, employees at major technology companies have remained notably quiet, reflecting a shift in the typically vocal tech industry regarding political outcomes.
Court documents from the Wolfire Games vs. Valve antitrust lawsuit reveal that Valve had only 336 employees in 2021, a surprisingly small number for such a prominent company. This contrasts sharply with other gaming giants like Microsoft Gaming and Ubisoft, which have tens of thousands of employees. Despite its small workforce, Valve's per-employee profit is estimated to be around $15 million annually.
Jack Ma, the cofounder of Alibaba, sent a motivational memo to the company's employees, acknowledging past mistakes and praising the new leadership. Despite facing challenges such as government scrutiny and increased competition, Ma encouraged the company to address past issues and make reforms for the future. He also reportedly spent $50 million on Alibaba shares in Q4 of 2023, reversing previous plans to sell his shares.
Nvidia is reportedly giving its employees a one-time "Jensen special grant" of an additional 25% of the stock units they received when joining the company, named after CEO Jensen Huang, with the amount depending on the company's share price. The grant will vest over four years and aims to ensure employees still benefit if the share price falls in the future. This comes after Nvidia's record revenues and surpassing Saudi Aramco to become the world's third most valuable company.
The closure of 99 Cents Only stores will impact employees, prompting L.A. County officials to consider providing financial and other support to those losing their jobs. The Board of Supervisors will vote on a motion to request a report on ways the county can assist workers, following the announcement of the closure of all 371 locations. Former Big Lots president Mark Miller is exploring an effort to save the Southern California stores by acquiring and reopening them with a focus on their original appeal.