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The coronavirus and efforts to mitigate its impact are having a transformative impact on many aspects of economic life, intensifying trends like shopping online rather than visiting brick-and-mortar stores and increasing the incidence of working from home. Indeed, many tech giants have already made working from home a permanent option for employees. Working from home, …
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SoftBank Vision Fund’s head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($14.8 million), even as the fund’s underperformance pushed SoftBank to a record $13 billion operating loss. The figure was second only to remuneration for SoftBank Group Chief Operating Officer Marcelo Claure, which rose …
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Andrew Yang thinks every weekend should be a long one. The former Democratic presidential candidate urged the US to “seriously consider” adopting a four-day workweek, arguing it would benefit the economy and public health. “3-Day weekends are better than 2-Day weekends,” Yang said on Twitter Monday at the end of the long Memorial Day weekend. …
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Who needs WeWork when you can work in a private room with a minibar? Hotels slammed by the coronavirus pandemic are turning to a different kind of guest: The cooped-up parent down the street. Big hotel chains — including Hilton, Sheraton and Marriott — are increasingly finding they can boost their quarantine business by catering …
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Steve Jobs recruited Pepsi’s John Sculley to Apple by asking him if he wanted to spend his life selling sugared water or if he wanted “a chance to change the world.” Sculley took the chance. In all his enterprises, Jobs offered his employees the same. They were on an intense mission, where much was asked …
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Fans are calling fowl on J.Law’s roasted chicken recipe. On Monday night’s episode of “Amy Schumer Learns To Cook,” the comedian called up her “homegirl,” Oscar winner Jennifer Lawrence, to get the skinny on her poultry recipe, which calls for 2 cups of olive oil and 1 ¹/₂ sticks of butter. “I like to get it …
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The coronavirus has claimed some of SoftBank’s “unicorns” as casualties — and its billionaire CEO used a fantasy-driven slide presentation to illustrate the problem. The Japanese investment giant reported an $18 billion loss for its Vision Fund Monday after its buzzy “unicorn” tech startups like Uber and WeWork fell into what CEO Masayoshi Son called …
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Twitter CEO Jack Dorsey emailed employees this week to say they could work from home permanently after the coronavirus pandemic lockdown passes. Twitter was one of the first major tech companies to order its employees to work from home in response to the pandemic. Last week, Facebook and Google told their respective employees they can …
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Two Amazon warehouse workers in Indiana have reportedly died of the coronavirus, pushing the company’s death toll to at least seven. The e-commerce giant learned Wednesday that COVID-19 had killed an employee at its facility in Jeffersonville, near Louisville, Kentucky, according to local CBS affiliate WLKY. The unidentified worker was diagnosed with the disease on …
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Facebook said on Friday it would allow its workers who are able to work remotely to do so until the end of the year as the coronavirus pandemic forces governments to extend stay-at-home orders to curb the spread of the disease. The social media giant also expects most offices to stay closed until July 6, …