Aussie telecom firms Telstra, TPG will not appeal block of asset transfer deal
Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country's
2023-08-14 07:29
Here’s What Morgan Stanley to Goldman Say About Saudi Output Cut
Saudi Arabia pledged an additional production cut in July to stabilize the oil market, ceding ground to two
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Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO Eric Yuan told staff an all-hands meeting earlier this month that he wants employees to return to in-person work because Zoom is making them too “friendly” and unable to build trust. “Over the past several years, we’ve hired so many new ‘Zoomies’ that it’s really hard to build trust,” Mr Yuan says in the audio, which was obtained and first reported by Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.” Mr Yuan’s thoughts were accompanied by action: On 3 August, Zoom instituted a new policy requiring employees who live within 50 miles of a physical Zoom office to report to work at least two days per week. The return to the office policy at Zoom is striking considering that it was the Covid-19 pandemic and resulting stay-at-home orders that turned the platform from one few people had ever heard of to a part of everyday life for millions. But Mr Yuan is not alone among senior executives at tech firms. Apple, Meta, and Amazon have all instituted return-to-work policies in recent months, angering employees who have enjoyed the increased flexibility afforded by work-from-home policies. Since Covid-19 vaccines have facilitated the re-opening of the economy, workers and bosses in many sectors have clashed over the importance of in-person work and the ability of companies to exercise control over their employees whereabouts and schedules. Some, like Zoom and a number of other tech companies, have adopted hybrid policies in which workers are required to come into the office on certain days of the week but are allowed to work from home on others. But even those companies have faced backlash from workers, many of whom were hired at a different stage of the pandemic when most or all work at their respective companies was being conducted remotely. Mr Yuan’s comments, which were not meant for public consumption, may provide a measure of insight into how he and other top executives truly feel about Zoom and remote work more broadly — suggesting that it somehow limits innovation by not allowing for the sometimes uncomfortable kinds of interactions that can build trust. Mr Yuan, who was born and raised in China, moved to Silicon Valley during the late 1990s. He founded Zoom more than a decade ago and became a multibillionaire during the pandemic. Read More Maui residents are still reeling from wildfire devastation. Now investors and realtors are trying to cash in
2023-08-25 03:30
UN Environment Program (UNEP) announces that Saudi Arabia will host the 2024 World Environment Day
RIYADH, Saudi Arabia--(BUSINESS WIRE)--Sep 18, 2023--
2023-09-18 15:22
Kishida Says Japan Pensions With $600 Billion Sign ESG Pact
Japanese pension funds managing 90 trillion yen ($600 billion) will join a global initiative for responsible investment, Prime
2023-10-03 14:52
Deal in works to resolve issue that has stalled US FAA bill -senator
WASHINGTON Republican Senator John Thune said on Tuesday a deal is in the works to resolve a months-long
2023-11-29 04:55
Meta, TikTok challenge incoming EU digital market law
Tech giants Meta and TikTok are contesting the scope of an EU law that from March will set new rules on...
2023-11-17 19:56
First American nuclear reactor built from scratch in decades enters commercial operation in Georgia
A new reactor at a nuclear power plant in Georgia has entered commercial operation
2023-07-31 19:30
Foxconn pulls from $19.4 bn deal in India to make semiconductors
Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to...
2023-07-11 15:45
Failed North Korea Rocket Is Intelligence Win for Kim’s Foes
A North Korean satellite launch that ended in failure will provide a trove of information about the secretive
2023-06-19 08:23
Germany takes aim at China in first national security blueprint
Germany on Wednesday called China a "partner, competitor and systemic rival" in its first national security strategy, accusing Beijing of repeatedly acting against the European giant's interests in a...
2023-06-14 23:26
Traders Bet ForgeRock Deal Likely to Succeed Before DOJ Decision
Traders are betting ForgeRock Inc.’s proposed sale to Thoma Bravo LLC is more likely to go through than
2023-08-22 03:55
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