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JPMorgan and Citi ask Middle East staff to work from home
JPMorgan and Citigroup employees in the Middle East have been asked to work ?from home amid escalating local tensions, according to two sources familiar with the matter. Both U.S. lenders say they do not expect disruptions to their operations in the region due to the U.S.-Israeli air war ?against Iran, said the ?sources. “We ?are…
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Leaders must ensure Gen Z is prepared for the workplace
Writing for the Wall Street Journal, Tessa West, a professor of psychology at New York University and the author of “Job Therapy: Finding Work That Works for You”, says many members of Gen Z “are woefully unprepared for surviving – let alone thriving – in their jobs”. She believes “a combination of having fewer real-world…
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Amazon opens second-largest Asia office in Bengaluru
Amazon has opened its second-largest office in Asia in Bengaluru, unveiling a 12-storey, 1.1m sq ft campus that will accommodate more than 7,000 employees across e-commerce, operations, payments, technology and seller services in India. The new site forms part of Amazon’s ongoing expansion in the country, where it has already invested over $40bn and committed…
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Workplace equality exists nowhere, World Bank says
The World Bank has said that full workplace equality does not exist anywhere in the world, and only “less than 5% of women worldwide” live in economies with near full legal economic equality. Even in instances when workplace equality laws are passed by lawmakers they are truly enforced in only about half of all cases,…
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Tesla faces H-1B hiring discrimination lawsuit
A federal judge has ruled that Tesla must face trial over allegations of discrimination against American citizens in its hiring practices. U.S. District Judge Vince Chhabria in San Francisco refused to dismiss a lawsuit accusing the carmaker of systematically discriminating against U.S. citizens in hiring by preferring H-1B visa holders who will do the same…
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Walgreens cuts hundreds of jobs following private equity takeover
Walgreens is cutting hundreds of jobs across the U.S. as its new private equity owner, Sycamore Partners, moves to reduce costs and restructure the struggling pharmacy chain. The company is eliminating 469 roles in Illinois, where it is headquartered, and a further 159 positions in Texas, linked to the closure of a distribution center. Walgreens…
