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Pushback as Meta’s return to office policy kicks in

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Meta has rolled out a significant change in its work policy, requiring employees to return to the office for a minimum of three days a week.

This move marks a notable shift from the remote work policies that Meta had adopted during the COVID-19 pandemic.

In June, Meta had officially informed its employees that they would be expected to be present in the office for at least three days per week, starting in September. A spokesperson for Meta stated, “We believe that distributed work will continue to be important in the future, particularly as our technology improves.” The company emphasized its commitment to creating a valuable in-person experience for employees who choose to work from the office.

However, Meta did not mince words when it came to compliance with the new policy. Weeks before the policy’s implementation, the company issued warnings to employees who failed to adhere to the mandate, emphasizing the possibility of termination. Lori Goler, Meta’s Head of People, conveyed this message in a memo, stating, “Accountability will be central to making this [policy] fair and effective,” and managers would review attendance records monthly.

Repeat “violators”

Repeated violations could lead to disciplinary actions, including performance rating drops and, ultimately, termination if not addressed.

This pivot in policy comes after Meta’s initial embrace of remote work during the pandemic. In the past, Meta CEO Mark Zuckerberg praised the flexibility of remote work, even expressing optimism about its potential at scale, thanks to advancements in virtual presence and technology.

However, in March of the same year, Zuckerberg changed his tune, stating in a blog post that employees earlier in their careers perform better when working in-person with colleagues for at least three days a week.

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Gold plunges 5% in biggest drop since 2013

Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.

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Gold prices plummet over 5%, raising global market concerns as investors react, says Chris Weston from Pepperstone.


Gold prices have crashed over 5% in a single day, sparking concerns across global markets and sending investors scrambling.

Chris Weston from Pepperstone breaks down the causes and implications.

#Gold #Markets #Investing #Commodities #GoldCrash #PreciousMetals #ASX #GlobalMarkets #Finance #Trading


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Trump and Xi set for high-stakes APEC showdown

Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.

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Trump and Xi to meet at APEC, seeking to ease trade tensions and revive dialogue amid tariff threats.


President Trump and President Xi Jinping will meet for the first time in six years at the APEC summit, aiming to ease trade tensions and revive dialogue amid tariff threats.

#Trump #XiJinping #APEC #Trade #China #USPolitics #Economy #Tariffs #AsiaPacific #GlobalSummit


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Trump to meet Xi at APEC amid trade tensions

Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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Trump to meet Xi at APEC summit as trade tensions escalate and tariffs loom

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In Short:
– Trump will meet Xi Jinping at the APEC summit in South Korea later this month amid trade tensions.
– China has reshuffled its trade team, appointing Li Yongjie as the new WTO representative.
President Donald Trump confirmed he will meet Chinese President Xi Jinping at the Asia-Pacific Economic Cooperation summit later this month in South Korea.
It marks their first face-to-face encounter in six years amid ongoing trade tensions.Trump expressed hope about achieving a “fantastic deal,” despite escalating disputes. He is prepared to impose significant tariffs on Chinese imports if no agreement is reached. Current U.S. tariffs on Chinese goods average 55%, with a potential increase to 155% looming.

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Trump mentioned that he believes an excellent trade deal would benefit the U.S., China and the global economy. He acknowledged the importance of the negotiations, stating that China respects the U.S. but is always seeking advantages in trade.

China’s Trade Reshuffle

China has reshuffled its trade negotiation team. Li Chenggang has been removed from his position as the representative to the World Trade Organization, while retaining his role as vice minister of commerce. This change aligns with Beijing’s strategy to adjust its trade diplomacy amid tensions.

Li Yongjie has been appointed as the new WTO representative. This team transition comes after scrutiny from U.S. officials and reflects China’s commitment to recalibrating its approach within the ongoing trade discussions.

The upcoming APEC summit will gather leaders from 21 economies, representing a significant portion of global GDP. It serves as a pivotal platform for dialogue, despite the backdrop of intensified trade negotiations.


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