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

News

JPMorgan disables comments after return-to-office criticism

JPMorgan Chase disables employee comments after backlash over mandatory return-to-office policy impacting 300,000 employees, primarily back-office roles.

Published

on

JPMorgan Chase disables employee comments after backlash over mandatory return-to-office policy impacting 300,000 employees.

JPMorgan Chase has recently faced backlash regarding its return-to-office policy, which requires all employees to work full-time in the office starting in March, limiting exceptions.

This decision affects approximately 300,000 employees, primarily targeting back-office workers who previously had the option to work remotely two days a week.

In an internal memo, senior executives communicated the policy change, which has raised concerns among employees about increased commuting costs, childcare issues, and work-life balance challenges.

Following the announcement, the bank disabled comments on an internal article discussing the return-to-office plan after a considerable number of employees voiced their criticisms. While some comments remain visible, the discussion has been largely shut down.

Employees have also taken to social media to express their opposition to the new policy, with some suggesting the need for unionization to advocate for a hybrid work arrangement.

In the memo, executives acknowledged that while many prefer hybrid schedules, the decision was made to reinforce a full-time in-office approach, which they believe is essential for the company’s operation.

JPMorgan is not alone in this trend, as other companies such as Amazon are also implementing similar mandates after a period of flexible working policies implemented during the pandemic.

Executives at JPMorgan indicated that affected employees would receive a 30-day notice prior to returning to the office full time, with limited remote work options available under specific circumstances.

Continue Reading

News

SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

Published

on

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


Download the Ticker app

Continue Reading

News

Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

Published

on

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.


The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill


Download the Ticker app

Continue Reading

News

Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

Published

on

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

video
play-sharp-fill
In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


Download the Ticker app

Continue Reading

Trending Now