Despite quarterly revenues of $13.4 billion, a stock price that hit a five-year high last month and year-over-year growth of 6 percent, Cisco announced that it’s trimming its Silicon Valley engineering staff. The company is shedding nearly 500 employees—397 at its San Jose headquarters and 91 in Milpitas. It marks the second round of layoffs…Trade War Hits Silicon Valley as Cisco Lays Off 5 Percent of Employees in San Jose, Milpitas — Hashtag.2017.09.02 via San Jose Community on Inoreader
Remote Work Is a Major Cost Saver
Pivoting to remote can be like having a small wedding. You tell people it was for high-minded reasons, but…you probably also saved some $$$. We’re not saying your boss doesn’t care about your work-life balance, just that she also cares about not covering your three kombucha/day habit. According to a Global Workplace Analytics report, the typical firm can save an average of $11,000 per half-time telecommuter per year.
Interest in Twitter, Facebook Jobs Surges After CEOs Allow Permanent Work From Home
Twitter and Square CEO Jack Dorsey has allowed his employees at both companies work remotely forever. Amal KS/Hindustan Times via Getty Images Twitter and Square CEO Jack Dorsey has allowed his employees at both companies work remotely forever. Amal KS/Hindustan Times via Getty Images Lower salaries, increased competition and working permanently from a home computer—welcome to the future of working for some of Silicon Valley’s biggest tech companies. Earlier this month, Twitter and Square CEO...
The new work-from-home policies at Facebook, Twitter, Apple and more
Tech giants are typically known for expecting all employees to be at their desks each day. That may permanently change with the coronavirus.
Work-from-home productivity pickup has tech CEOs predicting many employees will never come back to the office
More If you rebuild the workplace after COVID-19, will the workers ever come back? In Silicon Valley, the answer from many tech companies is that many won’t, and maybe that is a good thing.
Remote work could accelerate Silicon Valley's migration to Canada
The tech industry's new normal promises to involve remote work, and that shift has big implications for Canada.
Amazon’s Twitch leads a booming esports six-figure-salary job market in coronavirus era
Participants of an esport tournament during the digital festival DreamHack Leipzig on January 25, 2020, in Germany. DreamHack combines a variety of digital entertainment, including esport tournaments, LAN parties, Pokemon competitions and virtual reality presentations, as well as a cosplay contest. Jens Schlueter | Getty Images While baseball, basketball, soccer and pretty much every other sport on the planet remains shut down during the coronavirus pandemic, there’s one corner of the competi...
Op-ed: The next Silicon Valley exodus — Over 25% of tech sector wants permanent work from home
Simon Ritzmann/Getty Images Last week, after months working from home to help flatten the curve of the coronavirus outbreak, Twitter announced that its employees will be allowed to continue to work remotely — permanently. Technology companies have made working from home not just possible, but some now argue just as productive as the traditional office. Microsoft gave us email, Slack brought instant messaging to the enterprise, and Zoom Video Communications video conferencing, but Silicon Vall...
Hiring in the Bay Area Is Down 25% Since February, Data Show
Hiring in the Bay Area has decreased by 25.3% since February, when concerns over the coronavirus began ramping up in the region, according to LinkedIn hiring data analyzed by the Joint Venture Silicon Valley’s Institute for Regional Studies. That's compared to a 1.2% decline in January, prior to local and state shelter‐in‐place orders and widespread COVID‐19
Twitter Employees Can Work From Home Forever, CEO says – NBC 7 San Diego
Twitter will allow employees to work from home for as long as they want, according to NBC News. Twitter chief executive Jack Dorsey told his employees Tuesday...
It pays to stay unemployed. That might be a good thing
A large share of American workers could earn more money while unemployed than from their prior jobs. Labor economists generally think the policy was appropriate given the situation.
On the Frontlines at Work and at Home: The Disproportionate Economic Effects of the Coronavirus Pandemic on Women of Color
Too little attention has been paid to the consequences of the escalating COVID-19 pandemic for women of color, even as it exacerbates existing disparities and further undermines their families’ economic stability and survival.
Governor Newsom Issues Proclamation Declaring Workers’ Memorial Day 4.28.20
State of California
Bay Area Nonprofit Aims to Help Put the Unemployed Back on Track – NBC Bay Area
Millions of people around the country are suddenly off the job, looking for work and often looking for help in the interim. A nonprofit effort, born in the Bay...
Broadcom Employees Return to Work During Stay-at-Home Order – NBC Bay Area
Defying the stay-at-home order. That’s what non-essential employees at a prominent Silicon Valley tech company said their bosses are telling them to do....
California hemorrhaging jobs
Nationwide, the labor department reported that in the last five weeks, more than 26 million Americans have applied for unemployment benefits. California, the largest state by far, is hemorrhaging jobs.
How coronavirus could change your office space and remote work from home
Coronavirus could close off open offices, buoy working from home, and transform coworking.
Rita McGrath on How Business Should Act Now
We are entering new and uncharted territory for business. How can companies manage through such a disastrous “inflection point”? What does this moment mean for corporate digital transformation? Few have a more informed and nuanced understanding of such questions than Rita McGrath.
Less than half L.A. County still has jobs due to coronavirus
Only 45% of Los Angeles County residents are still employed, a national survey released Friday shows. Meanwhile, uncertainty and anxiety grow.
Job losses grow as 6.6 million file new claims for week
An additional 6.6 million U.S. workers filed new unemployment claims for the week ended April 4, as economic pain from the coronavirus shutdown continues to widen.
Confusion reigns for sole proprietors, gig workers seeking COVID-19 financial aid
Due to the statewide shelter-in-place order, it's been a month since many small business owners and independent contractors in the Bay Area received a paycheck. Promises of quick financial assistance from the Federal Stimulus Bill passed last month have yet to materialize. "We've been closed here in San Francisco for a month now. People are almost out of cash," explained Liz Hanley, owner of Liz-Is-All-Biz , an accounting company that specializes in supporting small businesses and independent contractors. "People need money now. It's a big problem, and I don't know the way forward."
How to Create a Productive Work Environment from Home
Learn how Databricks employees create a productive and engaging work environment when working from home.
Networking Still Key for Local Businesses During Pandemic
The Silicon Valley Central Chamber of Commerce hosts meetings online to keep businesses connected despite the physical isolation.
Bay Area coronavirus job losses will top 800,000
The Bay Area faces job losses in May that could top 800,000, according to a brutal assessment released Wednesday that suggests the coronavirus could bludgeon the region's now-feeble economy in the months ahead.
Layoffs are disproportionately impacting startup satellite offices
Layoffs have struck the startup world swiftly, hurting hospitality and travel startups, as well as recruitment and scooter companies. New data shows that some of those layoffs, brought on by COVID-19, might be disproportionately impacting satellite campuses. While most layoffs are coming from companies
Whole Foods workers plan sick-out for today
If you shop at Whole Foods, you may find the grocery store understaffed on Tuesday. Organizers of an online petition are encouraging employees at the national chain - which is owned by Amazon - to call in sick on March 31.
Preparing for the Future (and Present!) of Work
Talk about the future of work is starting to come up more frequently in everyday conversations. Its changing nature is happening because of a convergence of many technologies, including: Artificial Intelligence (think Alexa, chatbots, self-driving cars) Internet of Things (turning on lights using your smart phone) Cloud Computing (ability to access your files anywhere using […]
Why Instacart and Amazon workers are going on strike during coronavirus
Why workers at Instacart, Whole Foods, and Amazon are walking off the job in protest.
Workplace cleanliness a critical issue for businesses still operating in coronavirus era
Some essential businesses are facing increased pressure to protect workers through cleanings, potentially changing the future of the industry.
Why you may still be working from home after the coronavirus crisis is over
Remote work is here to stay. The coronavirus crisis is making companies and employees increasingly more comfortable about working from home or out of the...
Postal Service Hiring to Keep Up With Online Shopping Delivery Demands
The U.S. Postal Service says it needs to hire as many as 1,000 workers in the Bay Area as the economic effects of the novel coronavirus pandemic continue to ripple across the region. The hiring will focus on entry-level positions, mostly in San Francisco and San Jose, in order to help with the massive increase in package volume. "The demand for package delivery is starting to reach Christmas time volume and we need help delivering and moving the mail as never before," Postal Service spokesman...
Coronavirus: Sorry, but Working From Home is Overrated
Home-cooked lunches and no commuting while we deal with coronavirus can’t compensate for what’s lost in creativity.
Exclusive: Ben Carson says the minimum wage is too low
"I don't have any problem with raising the minimum wage."
The germ-sharing economy: coronavirus takes toll on gig workers
As companies scramble to release safety guidelines for employees, many say they simply cannot afford to take time off if they are sick
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These companies let people work from anywhere in the world—and they're hiring https://www.cnbc.com/2020/02/07/top-companies-hiring-for-remote-roles.html
These companies let people work from anywhere in the world—and they’re hiring
If you’ve ever dreamed of ditching office life for good and working from the comfort of your home — or the beach — you’re in good company. As of 2017, 3.4 million U.S. employees primarily worked from home, according to the most recent data from the Federal Reserve Bank of St. Louis, and that number has likely increased in the years since. For those interested in a remote work arrangement, it’s worth knowing that the vast majority, 95%, still have a location requirement, according to FlexJobs,...
California’s gig-worker law faces push-back, even from some it’s intended to help – Orange County Register
Legislative, legal and ballot box challenges are looming as gig-worker bill takes hold.
Building the Future of California Talent Symposium
The Bay Area Council and Pearson are honored to host employers and educators throughout the state of California for a Symposium, Building the Future of California Talent. Together, we’ll explore innovative approaches to prepare today and tomorrow's learners for jobs.
The CEO of $48 billion Shopify says long hours aren't necessary for success
Shopify founder CEO Tobi Lutke weighs in on a holiday debate sweeping Silicon Valley: you don't need to work 80 hours a week to be successful.
An Update on the California Future of Work Commission
On International Workers’ Day 2019, California Governor Gavin Newsom signed an executive order to create a new Future of Work Commission chartered with the responsibility to develop a new social compact for California workers. Commission members bring experience and perspective from across sectors, including technology, labor, business, education, venture capital, and others. The Commission has met three times, with a focus on The Present and Future State of Work in California (1st convening)...
Managing the High-Intensity Workplace
An “always available” culture breeds a variety of dysfunctional behaviors.