Daily Management Review
Management

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),...

From entrepreneur’s serendipity to accidental sagacity

In their book entitled De la sérendipité dans la science, la technique, l’art et le droit. Leçons de l’inattendu, Danièle Bourcier et Pek van Andel (2013) describe serendipity as a combination of both chance and perspicacity, in so far as chance only occurs to those who already have some...

Minority Influence and intergroup dynamics

The conforming process is understood as the ability for a majority to modify the behavior of an individual (or group of individuals), in order to bring it into harmony with the behavior or attitude of the majority group of which it is a part. Such a conception of influence therefore aims to...

SEC: Number of whistleblowers goes up as companies allow employees to work from home

A side effect of the coronavirus pandemic, which forced many companies to transfer employees to a remote mode of operation, send people on leave without pay or even get fired, was an increase in the number of requests to the Securities and Exchange Commission (SEC) for corporate violations....

IEA Needs Bolder 'Climate Stance'

“Bold, not incremental, action is required”: in an open letter to IEA. The Head of IEA, the International Energy Agency, Fatih Birol had to face “renewed calls” for taking “bolder stance on climate change” as the investors were concerned over the ocmpany’s report which showed the enabling of...

Uniform Approach To Flying During Coronavirus Urged By UN Agency

There is a need for coming up with and following a uniform approach to flying safely during the coronavirus pandemic, believes a United Nations aviation-led task force. It is therefore urging airlines, airports and countries to devise and create such strategies and approaches.   The UN task...

Indian tech giant Wipro Ltd appoints Thierry Delaporte as CEO and MD

Wipro Ltd has made changes in its executive positions. In a statement, Indian tech giant Wipro Ltd said, it has apppointed Thierry Delaporte as its new chief executive officer and managing director of the company.    Delaporte will be replacing Abidali Neemuchwala, who will be stepping...

American Airlines to downsize 30% of managers and administrative staff

American Airlines intends to downsize 30% of its managers and administrators, according to The Wall Street Journal, citing a letter sent to the airline. In total, the reduction will affect more than 5 thousand people. The letter said that the removal of federal quarantine and the introduction of...
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