Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Amazon cracking down on internal discrimination complaints

Published

on

Amazon is investigating reports of toxic employee behavior in its cloud-computing unit

Amazon has opened an investigation into allegations regarding the culture of its cloud-computing unit after an internal petition slammed the retail giant for “an underlying culture of systemic discrimination, harassment, bullying, and bias against women and under-represented groups.”

The petition was signed by more than 550 employees and claims that Amazon’s processes to investigate discrimination claims are “not fair, objective or transparent.”

The petition alleges that the system is “set up to protect the company – rather than the employees filing the complaints”.

Employees say those who lodge complaints are often made vulnerable.

Picture: Amazon Press Centre

The eCommerce giant has hired an outside firm to investigate internal discrimination

Amazon also faces lawsuits from current and former employees alleging discrimination in the workplace.

The particular petition cites a lawsuit filed in May by Cindy Warner, a gay executive in Amazon Web Services professional services business, who accused a manager of making homophobic comments and alleged she was fired in retaliation. It also refers to a LinkedIn post last summer by Laudon Williams, a former employee of the group, who wrote that he left the company over concerns about gender and sexual orientation discrimination.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Money

France receives lowest credit rating due to crisis

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

Published

on

France’s credit rating downgraded to record low amid political and fiscal crisis, raising concerns over debt and stability

video
play-sharp-fill
In Short:
– Fitch Ratings downgraded France’s credit rating to A+, citing political instability and fiscal challenges.
– New Prime Minister Lecornu must secure budget approval amidst rising deficit and potential no-confidence vote.
Fitch Ratings has downgraded France’s credit rating from AA- to A+, the lowest ever recorded, amid ongoing political and fiscal challenges.
The decision comes shortly after Prime Minister François Bayrou was removed in a vote of no confidence regarding his €44 billion austerity plan.
President Emmanuel Macron has appointed Sébastien Lecornu as the new prime minister, marking the fifth leadership change in under two years.Banner

Fitch highlighted political instability as a key factor undermining fiscal reforms, with France’s debt now at €3.3 trillion, or 113.9% of GDP.

The budget deficit increased to 5.8% of GDP and is expected to rise, posing challenges ahead.

Political Instability

The new prime minister faces a divided parliament and must secure budget approval by October 7.

The far-left plans a no-confidence vote against Lecornu, complicating further cooperation on legislative reforms, with S&P Global hinting at a potential downgrade.


Download the Ticker app

Continue Reading

Money

Trump moves to fast-track removal of Fed governor Lisa Cook

Published

on

The White House is set to fast-track a ruling on firing Federal Reserve Governor Lisa Cook, just days before the crucial FOMC meeting.

The move comes as markets reel from surging inflation, weak jobless data, and global currency shifts, raising questions about the Fed’s independence and the stability of policy decisions.

Continue Reading

Money

ANZ job cuts spark banking clash

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.

Published

on

ANZ plans to cut 3,500 jobs, sparking debate on the future of Australia’s banking sector and employment dynamics.


ANZ has announced plans to cut 3,500 staff and 1,000 contractors over the next year, triggering a fierce debate between business leaders, unions, and government about the future of Australia’s banking sector.

The decision raises wider questions about the resilience of the business community and the role of politics, productivity, and technology in shaping employment.

#ANZ #Banking #Jobs #Unions #Australia #Economy #TickerNews


Download the Ticker app

Continue Reading

Trending Now