Share to Twitter Share to Linkedin Layoffs are relatively commonplace these days. Most notable was the handling of Twitter's abrupt restructuring after the transition to Elon Musk's leadership. There are weekly announcements about mass layoffs across more than just the tech industry. CNN and Salesforce are the latest companies to confirm workplace reductions. So what cultural impact will occur as a result of these changes? What should inclusive leaders be thinking about amidst a multitude of layoff news? Let's look at both of these areas a bit more closely. Cultural Impacts Assess Communications Strategy Organizational culture is a critical component of succeeding in the workplace. When companies make cost-cutting changes that reduce staff, there is a direct impact on the culture. For example, changing the organization's makeup will impact diversity, equity, inclusion, and belonging efforts. How so? The actions taken by leadership to engage a … [Read more...] about How Should Inclusive Leaders Show Up For Mass Layoffs?
Texas mass shooting
Share to Twitter Share to Linkedin As another winter starts to set in, one big question on the minds of many Texans is about their electricity service: Will the grid managed by the Electric Reliability Council of Texas (ERCOT) hold up should another major winter storm freeze most of the state, as Winter Storm Uri did in February, 2021? Almost two years after more than 200 Texans perished during that Big Freeze, ERCOT officials admitted Tuesday that, while improvements have certainly been made, the answer to that ultimate question remains in doubt. “There is a scenario where under the most extreme conditions there is not enough power. That is not acceptable,” acknowledged Pablo Vegas, the new CEO of ERCOT during a Tuesday press conference. “We’re not trying to underplay it at all. It does reflect a very low probability scenario, so we want to be clear on what it is.” That answer is not acceptable to most Texans, especially since Winter Storm Uri brought … [Read more...] about In Texas, ERCOT Still Can’t Guarantee Grid Reliability
Following another court order blocking the federal student debt relief program, the United States Department of Education has suspended the program's online application. On November 11, U.S. District Judge Mark Pittman ruled the Biden Administration's student loan forgiveness program is unlawful and vacated it. The following day, the U.S. Education Department announced on the Federal Student Aid website that the department is no longer accepting new applications. The Biden Administration's program has been facing legal challenges almost since it was announced, and it has been on hold since October 21 due to a separate legal challenge. The Job Creators Network's Court Case On October 10, the Job Creators Network, a conservative advocacy organization, filed a lawsuit in Texas on behalf of Myra Brown and Alexander Taylor. The JCN argued the plaintiffs were unfairly excluded from the student debt relief program. Brown's loans are held by a commercial lender, … [Read more...] about Education Department Suspends Federal Student Loan Forgiveness Applications
Share to Twitter Share to Linkedin It’s a known quantity in the world of startups that your failure is your credit. Please re-read the previous sentence. While failure in most walks of life hangs over those who failed sometimes in career-limiting ways, this isn’t true in startups. Precisely because they’re pursuing what seems impossible, the entrepreneurs who create businesses eager to take us in an all new direction aren’t haunted by their past. Quite the opposite. If you have no stupendous blow-ups to point to, you’ve likely not been reaching very high. All of this came to mind while reading Sophie Theen’s new book, The Soul of Startups: The Untold Stories of How Founders Affect Culture . Not a founder herself, Theen has many years of high-level HR experience inside startups. Which explains why the book intrigued me. I wanted to better understand the culture of startups through the eyes of someone who has long been the Chief People Officer (or name … [Read more...] about Book Review: Sophie Theen’s ‘The Soul of Startups’
Daniel Ek - A + A STOCKHOLM (Nov 30): Spotify's CEO Daniel Ek renewed his attack on Apple on Wednesday in a series of tweets alleging the iPhone maker "gives itself every advantage while at the same time stifling innovation and hurting consumers". Ek tagged a number of sympathetic business leaders in his 21-tweet thread, including Musk, Microsoft president Brad Smith, and Proton founder Andy Yen. On Monday, the world's richest person Elon Musk criticised the fee Apple charges software developers — including his Twitter business — for in-app purchases, and posted a meme suggesting he was willing to "go to war" rather than pay it. Spotify has previously submitted antitrust complaints against Apple in various countries, alleging the 30% charge has forced Spotify to "artificially inflate" its own prices. Apple did not immediately respond to a request for comment on Wednesday. It has previously said the 30% cut it takes on purchases made in its App Store is used … [Read more...] about Spotify CEO renews attack on Apple after Musk’s salvo
- A + A BEIJING (Dec 1): China is set to announce in coming days an easing of its COVID-19 quarantine protocols and a reduction in mass testing, sources told Reuters , a marked shift in policy after anger over the world's toughest curbs fuelled widespread protests. Cases nationwide remain near record highs but the changes come as some cities have been lifting their lockdowns in recent days, and a top official said the ability of the virus to cause disease was weakening. Health authorities announcing the easing in their areas have not mentioned the protests - the biggest show of civil disobedience in China for years which ranged from candle-lit vigils in Beijing to street clashes with police in Guangzhou. The measures due to be unveiled include a reduction in mass testing and regular nucleic acid tests and moves to allow positive cases and close contacts to isolate at home under certain conditions, the sources familiar with the matter said. That is a far cry … [Read more...] about China set to loosen COVID curbs after week of historic protests
BlackRock invested $24 million into bankrupt crypto exchange FTX founded by former crypto billionaire Sam-Bankman-Fried, CEO Larry Fink said at The New York Times Dealbook Summit. Fink disclosed that the firm invested on behalf of BlackRock’s clients through a fund of a fund and hinted the firm may have been given false information, The New York Times (NYT) reported. Fink observed about FTX “it looks like there was some misbehavior of major consequence” and said “Until we have more facts, I will not speculate” about being misled, he told the NYT. News: Larry Fink said this morning that BlackRock’s FTX investment was $24 million, a sum not previously publicly known, and that he sees a sea change ahead in the types of ventures that get funded: “I don’t believe we need another food-delivery company.” https://t.co/0FDENMxaXA — Rebecca Ungarino (@ungarino) November 30, 2022 He went on to blame venture capitalists for the FTX debacle because they made large investments in … [Read more...] about BlackRock Invested $24 Million In Sam Bankman-Fried’s Crypto Exchange, CEO Says
Share to Twitter Share to Linkedin Topline Chinese authorities acknowledged the country was facing a new phase of the pandemic that will require it to tweak its approach, a signal that its government may finally be moving away from its stringent adherence to a zero-Covid policy of harsh lockdowns and triggered unprecedented public protests across parts of the country. Key Facts China’s Vice-Premier Sun Chunlan, who heads the country’s pandemic response, told the country’s National Health Commission on Wednesday that they were facing a “new situation” as they tackle a virus with weakening “pathogenicity” while vaccination rates increase. Sun urged health officials to improve testing, treatment, and quarantine measures while stepping up immunization efforts among the elderly. Sun’s address made no mention of zero-Covid , China’s present approach to tackling the virus through harsh lockdowns and repeated mass testing. According to … [Read more...] about China Signals Shift Away From Zero-Covid As It Claims Virus Is Weakening
Share to Twitter Share to Linkedin During the Philadelphia 76ers' first five games of the 2022-23 NBA season, fifth-year guard Shake Milton played a grand total of six minutes, all of which came against the Indiana Pacers. He received four DNPs during that stretch, and he played sparingly over the Sixers' next three games as well. Milton began receiving regular playing time when starting guard James Harden suffered a right foot tendon strain in early November, although he was still averaging only 15-20 minutes off the bench. That changed when Tyrese Maxey went down with a small fracture in his left foot against the Milwaukee Bucks in mid-November. Milton has started in each of the Sixers' seven games since then and has averaged 21.9 points on 56.3 percent shooting, 6.1 assists, 5.9 rebounds and 2.0 triples on 48.3 percent shooting from deep. Four of those games also came without star center Joel Embiid, but Milton and the rest of the Sixers' supporting … [Read more...] about Shake Milton Is Cementing His Role In The Sixers’ Rotation
Share to Twitter Share to Linkedin Corporate DEI loves heritage month celebrations, culturally sensitive calendars, implicit bias training and the like, but actual education about America’s racial history…not so much. The former feels so much easier. It’s like giving up plastic bottles and bags as one’s sole environmentalism strategy but refusing to really understand the climate crisis or make any real personal sacrifice in order to realize measurable impact. The unspoken truth for many organizations is that America’s racial history feels like too much of a downer—and is perceived as too threatening to many white professionals—so they’re willing to skip over the requisite education piece and jump right into surface level performative activities to get credit for doing something at the expense of doing something impactful . The inconvenient truth is that the glaring racial disparities that we still face today are the cumulative result of centuries of … [Read more...] about Corporate DEI Initiatives Rarely Address America’s Sordid Racial History. Here’s Why That’s A Mistake.