Walmart reduces working hours on some of its outlets. Allegedly, the action is intended to compensate for the higher wages it pays employees.
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Nestlé’s Nespresso provides bigger cups of coffee for Americans
Switzerland is adding another factory for Nespresso, Europe's largest single-serve coffee brand. This is to manufacture capsules uniquely designed for the U.S. consumers where sales growth is bigger than its home continent according to Bloomberg.
Macy's To Close 40 Underperforming Stores To Focus on Ecommerce
Macy's Inc recently announced its plans of closing 35 to 40 underperforming stores to focus its operation on online shopping. Reuters reports that Macy's plans to close the stores early in 2016. It would also announce on a later date which among the 770 stores it operates will be closed. Macy's operates a total of 885 stores all over the world.
Volkswagen appoints a new chairman
A reversal of roles takes place at Volkswagen AG, with the selection of its chief financial officer, Hans Dieter Pötsch, as chairman. The appointment dashes the hopes of Pötsch's current boss, Martin Winterkorn, of being chairman himself.
Citigroup says it's time to rebuild its equities unit
Citigroup announced that they are planning to rebuild its equity unit soon. The move is seen as a bold action by the bank considering current economic situation and the "Volcker rule" regulation which limits banks investment in such funds.
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Women are treated as administrative staff by default in the corporate setting. This gender bias is sadly still present in many companies all over the globe. Women are sill asked to make coffee and take down notes, even if this is not part of their job description. This is something that should be remedied.
Twitter disclosed its most recent staff diversity statistics along with its goal to have more colored people and more women employees in 2016.
Mobile-games company Rovio is cutting its global workforce by 39% to focus on a few products that make more money. This is the second time the Angry Birds maker has announced job cuts in less than a year.
Accenture announced that the company is improving their parental benefits for those in the US and Canada as part of their commitment to employees to provide them with the best career opportunities during all stages in their lives.
PureFunds ISE Cyber Security, the first and fastest growing Cyber Security ETF in the world worth $1.2B is managed by a 30-year-old Andrew Chanin all by himself.
McDonald's supplier contract ended due to animal cruelty. Even if an animal is raised for commercial consumption it still needs respect as what the birds in the farm that supply chicken meat to McDonald's need.
Blake Mycoskie, CEO and founder of Toms Shoes, surprised his colleagues and employees when he said he was taking a 12-week paternity leave after his son was born. Mycoskie was unlike other new dads who would hesitate in taking time off because he wanted to spend some time with his newborn son. He also wanted to be a good example to his employees.
Chipotle announced that it will hold its first ever National Career Day on September 9 and will hire 4,000 new workers on site. All restaurant locations in the US will be open for interviews for a maximum of 60 applicants between 8-11 A.M on the said date. Interested applicants can register for their interview on their website, NationalCareerDay.com.
ZeroCater , the on-site catering service, has gained revenue of $100M in four years with $1.5M funds from Y Combinator and other individual investors. Founder Arram Sabeti started the company with only $7000.
