Daily Management Review
Management

Booking.com to lay off 25% of its employees

The American company Booking Holdings, which owns the online hotel booking service Booking.com, has announced its intention to cut 25% of its employees amid a sharp drop in tourist travel during the pandemic. The company announced such plans in a notice filed with the US Securities and Exchange...

Google allows employees to work from home until summer 2021

American corporation Google has decided to allow employees to continue working remotely, if they wish, at least until July 2021, CNN reports. “To enable employees to plan for the future, we are extending the possibility to work from home until June 30, 2021 for those positions that do not require a...

Pfizer’s Angela Hwang Joins UPS’ Board of Directors

31% board of directors at UPS are female representatives. Dailycsr.com – 27 July 2020 – On July 15, 2020, UPS made an announcement to reveal the name of a new board member, as Angela Hwang joined the board which had been “effective immediately”, reported the press release of UPS.   Hwang is...

Red Bull changes top managers in the US amid internal disagreements over BLM movement

Austrian Red Bull GmbH, the manufacturer of energy drinks Red Bull, has replaced top managers in the United States amid internal disagreements over the company's response to the Black Lives Matter movement, writes The Wall Street Journal. Red Bull announced that North America Chief Executive Stefan...

Ex-wife of Amazon founder becomes the richest woman in USA

Wealth of the ex-wife of Amazon founder Jeff Bezos grew by almost $ 6 billion in a week. This helped her to take first place in the list of richest women in the United States, overtaking a heiress of the Walmart empire. Now, it’s just less than $ 2 billion between her and the status of the richest...

Facebook Is Ready To Go Through Scrutiny Over Its Hate Speech Control

As a response to many companies’ decision to pause advertising with Facebook over its policy to deal with hate speech, the company will be audit by Media Rating Council. Facebook Inc has informed that the company will collaborate through an audit process which scrutinise the company’s ways of...

Alstom And Bombardier In ‘Advanced Talks’ For Rail Deal

The said deal can value “up to 6.2 billion euros”, equivalent to “$6.95 billion”. The C.E.O of Bombardier revealed that the company was in “well-advanced” discussions with the French giant, Alstom for selling its rail division as it is pursuing “regulatory approval” for the same. The deadline for...

HSBC Sends Out Memo On Resuming ‘Redundancy Plan’ Post COVID-19 Crisis

The cost restructuring plan of HSBC was put on hold due to the global outbreak of COVId-19 pandemic. Now that profits slouches which difficult economic forecasts ahead, the bank decides to fall back on its initial plan to cut over thirty thousand jobs. HSBC has made up its mind about resuming on...

Hilton to reduce 22% of staff worldwide

The American hotel chain Hilton Worldwide Holdings announced a reduction in the number of employees worldwide by about 22%. Thus, the dismissal will affect about 2.1 thousand people. Previously, the company reduced corporate payments and the number of working hours, and a number of employees were...

CrossFit CEO quits after comments about Floyd

CrossFit founder Greg Glassman stepped down as CEO after losing the partnership with the Reebok brand and affiliated gyms due to his Twitter post joking about African-American George Floyd murdered in the U.S. Earlier, the Institute for the Evaluation and Measurement of Health Indicators (IHME),...
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