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Southwest Airlines Flight Attendants Approve Strike Authorization with 98% Yes Vote
COMP NEWS - After more than five years of negotiating for a new Collective Bargaining Agreement, flight attendants with Southwest Airlines are ready to strike next month. DALLAS--(BUSINESS WIRE)--Southwest Airlines flight attendants have endured more than five years...
Microsoft Lays Off 1,900 Staff From Its Video Game Workforce
COMP NEWS - Microsoft is cutting hundreds of workers from its video game staff, following a recent trend in mass layoffs for video game publishers. Microsoft is cutting 1,900 staff from its video game workforce, sources have told IGN. In a message to staff viewed by...
Wayfair Lays Off 13% of Its Workforce Weeks after Telling Employees to Work Harder
COMP NEWS - Wayfair has announced that it will lay off more than 1,600 employees, marking the company's third consecutive year of trimming its workforce after a period of zealous overhiring in 2020. Wayfair is laying off 1,650 employees, amounting to 13% of its global...
Smaller Pay Hikes Tempt Employees to Switch Jobs, Study Shows
COMP NEWS - A new report highlights the drastic effect that low pay raises have on employee retention. As employers mull their 2024 compensation plans, a new report reveals how workers feel about pay—and how much less of a raise it would take to sway them from their...
Walmart Increases Average Store Manager Salary From $117,000 to $128,000
COMP NEWS - Walmart is increasing its store manager's average salary from $117,000 to $128,000. Walmart told store managers on Thursday that it would be increasing their average salary from $117,000 to $128,000 per year. The raise will be effective from February 1...
Tesla Delays Pay Adjustment To Evaluate Growing Employee Dissatisfaction
COMP NEWS - Tesla is reevaluating its compensation strategy with a second wave of pay adjustments after the company's last wave of pay increases angered employees. Tesla told employees today that it will do another pay adjustment, a second in a few weeks, after...
Gen Z Shuns Work Due to ‘The Legacy of Broken Promises’ in Corporate America
COMP NEWS - Gen Z is shunning the notion of working long and hard hours after watching "the legacy of broken promises" corporate America made to their predecessors. Gen Z is choosing to "work to live'' rather than "live to work," like previous generations, because...
WebMD Parent Company Demands Return to Office…Aggressively
COMP NEWS - A lot of companies are pushing their employees to return to the office in a post-COVID-19. Some ask softly. Some beg earnestly. Some demand. And some release a very bizarre, confrontational video with low-quality special effects and executives telling...
Citi to Cut 20,000 Jobs After ‘Disappointing’ Quarter
COMP NEWS - Citigroup, a multinational financial services corporation, is reducing its workforce by about 8% after a 'disappointing' quarter. Jan 12 - Citigroup (C.N) said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing"...
Australian Retailers Warm to Giving Five Weeks Paid Leave
COMP NEWS - Australian retailers are warming to the idea of giving up to five weeks of paid leave to their employees, with IKEA and Bunnings being the first to offer the generous package. Retail workers are leading a push for more paid leave, with an increasing number...
Bosses Want to Work From Home More Than Their Employees, Survey Says
COMP NEWS - A new survey reveals a surprising segment of employees who want to work from home the most - executives and managers. In the years-long debate over remote work, upper-level executives have often been the loudest — and staunchest — advocates for returning...
Craft Beer Company Brewdog Backtracks on Real Living Wage for Employees
COMP NEWS - Popular UK craft brewer Brewdog has committed to paying its employees a real living wage, calculated based on living standards in the UK, since 2015. But after nearly a decade, Brewdog is rescinding its commitment and paying its employees less. Craft beer...
3M Freezing Pensions for Non-Union Employees in 2028
COMP NEWS - Industrial manufacturing giant 3M is freezing pension plans for non-union U.S. employees in an effort to save costs, the company recently announced. 3M is freezing pension plans for non-union U.S. employees at the end of 2028, the company announced Monday....
‘Greedflation’ Study Points Finger at Corporate Profiteering for Fault in Surging Inflation
COMP NEWS - A new study on "Greedflation" gives further credence to the notion that corporate profiteering contributed significantly to driving up inflation during 2022. A joint study by think tanks IPPR and Common Wealth found profiteering by some of the world’s...