Daily Management Review
Management

Large companies In Japan will raise wages in spring to the maximum since 1992

According to the Financial Times, which cites analysts' projections, major Japanese corporations will raise workers' compensation by an average of more than 4% following spring negotiations with labor unions. This would be the largest growth since 1992 despite a sharp rise in the cost of living and...

SEC investigates head of OpenAI Altman

According to The Wall Street Journal, which cites sources, Sam Altman, the CEO of ChatGPT chatbot developer OpenAI, is the subject of an investigation by the US Securities and Exchange Commission (SEC). The regulator has asked current and former OpenAI officials as well as board members for...

PNC Bank to invest $1B in network expansion over 5 years and open more than 100 branches

PNC banking Services Group, which includes American PNC Bank, plans to invest $1 billion over the course of five years to upgrade its branch network. The bank stated in a statement that it specifically intends to open more than 100 new branches in large cities like Austin, Dallas, Denver, Houston,...

Jeff Bezos sells $2B worth of Amazon stock

According to documents filed with the Securities and Exchange Commission (SEC), Jeff Bezos, the founder and former CEO of Amazon.com Inc., sold 12 million shares of the company on February 7-8 for a total of approximately $2.04 billion. As of right now, Bezos holds 976 million shares in the...

Australia Will Permit Employees To Disregard Supervisor Calls Made After Hours

Australia is set to implement legislation that would grant employees the freedom to refuse irrational calls and messages from their supervisors during non-working hours. Employers that violate this policy may face fines.   The "right to disconnect" is one of many amendments to labour rules...

Restaurant chain Chipotle introduces new support measures for Gen Z employees

Furthermore, the company plans to bring on 19,000 more workers for "burrito season." Chipotle Mexican Grill, an American restaurant company, announced that it is bringing in new benefits for Generation Z employees and plans to hire 19,000 more staff members in front of the next "burrito season"....

Europe Strikes Historic Agreement On AI Regulation

After months of deliberations, Europe came to a tentative agreement on historic regulations pertaining to the use of artificial intelligence by the European Union. These regulations cover the use of AI by governments for biometric monitoring as well as the regulation of ChatGPT and other AI...

Barclays may drop 2.5k least profitable investment banking clients

According to the Financial Times, which cites sources, the British bank Barclays is looking into the possibility of stopping to serve more than 2,500 of its least profitable investment banking clients. Barclays' investment banking division is currently serving over 10,000 clients. With a loss of...

Alibaba to change cloud business management structure and its strategy

Alibaba, the massive Chinese internet company, is adjusting both its strategy and the way its cloud business is managed, CNBC writes. The company intends to focus more on three areas of this business: cloud infrastructure, hybrid "cloud" (which combines features of public "cloud" and private -...

Stellantis to offer voluntary layoffs to half of white-collar workers in U.S.

According to CNBC, European automaker Stellantis NV will provide voluntary termination with severance pay to half of its "white collar" workers in the United States. Of the 12,700 non-unionized workers who have worked for the company for at least five years, 6,400 will be given this opportunity....
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