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...UK asset manager Abrdn has slashed employee benefits as part of a fresh round of cost cuts, halving redundancy payouts and reducing the length of paid parental leave by about a third....
...Inflows funding tech fell more than 60 per cent last year to $10.6bn from $27.8bn in 2022, while the US and China VC markets fell by about a third and 45 per cent respectively, according to Tracxn....
...TikTok has said that it takes employee concerns “very seriously” and has a strong record of “championing diversity and inclusion”....
...“It’s going to benefit the biggest player, Universal, because they’re the ones with the resources to invest in that....
...Last month, Stripe arranged the sale of about $1bn in employee stock, and Collison said he wanted to ensure employees had a chance to cash out every year....
...Jupiter’s chief executive Matthew Beesley is restructuring the group to try and revive growth, and in December, Abrdn slashed employee benefits in its latest round of cost cuts as it battles to contain expenses...
...Last month Bird set out a plan to axe 500 jobs — about 10 per cent of the company’s 5,000-strong workforce — as part of a £150mn cost-saving programme....
...It plans to expand flying capacity by 6 to 7 per cent this quarter as it reaps the benefit of a focus on international travel and the push to sell more premium-cabin seats....
...to cut more than 10 per cent of its workforce — at least 14,000 jobs....
...However, Colin Barnes, a director at employee benefits consultancy Aon, cautioned that many such strategies were “box ticking”....
...The proxy goes on to say: None of the amounts in this column individually exceeded the greater of $25,000 or 10% of the total amount of these perquisites and other personal benefits shown in this column...
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...Investors seem keen to give Musk the benefit of the doubt....
...If less frequent commuting relieves the psychological pressure on individuals, society could benefit. But a shift need not come at the expense of employee productivity....
...Still, JPMorgan notes that it expects “operational performance to ease off the peak in 2024-25” as “rising competition [and] softening passenger growth” affect operating profits....
...His allies said Labour was looking at how to fill a hole in the opposition’s fiscal plans created by Hunt adopting some of its policies....
...“All eyes will be on what state-funded systems like the UK do as they scrutinise the risk-benefit calculation.”...
...The Sony-backed group plans to keep Benefit One listed and it has already agreed to buy Pasona’s stake in the subsidiary....
...plans to save $3tn through higher taxes over 10 years....
...Its shares have soared another 34 per cent, encouraged by other companies’ AI investment plans....
...Hargreaves Lansdown was one of at least 10 of the world’s largest brokers that found its systems overwhelmed....
...There are some benefits to waiting....
...It had just $10.2mn in unrestricted cash and cash equivalents at the end of September. Investors were happy to support high-growth, high-loss start-ups when money was virtually free....
...As a Moral Money subscriber, register today and save 10% with code NEWS10....
...Hunt presented his tax cuts, free childcare expansion, and changes in eligibility for benefits as ways “to grow the economy by rewarding work”....
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