COMP NEWS: DAILY COMPENSATION STORIES
Amazon Looking To Lay Off About 10,000 employees
COMP NEWS - Amazon is planning to lay off about 10,000 employees as soon as this week, representing nearly 3% of its corporate employees. Amazon is planning to lay off approximately 10,000 employees...
University of California Academic Employees Strike for Higher Pay
COMP NEWS - Academic employees at the University of California are on strike for better pay in the face of rapidly increasing costs of living. SACRAMENTO — Academic workers in the University of...
Compensation Practices Were On The Ballot For The Midterms: Here’s What Changed
COMP NEWS - The Midterm elections put compensation measures on many ballots across several key states. How did they fare? For the most part, states voted to raise the minimum wage. When wage...
Tech Industry Sees Mass Layoffs
COMP NEWS - The tech industry is undergoing a series of high-profile layoffs following a period of overzealous hiring practices. Big-name layoffs have cropped up repeatedly throughout 2022. But if...
LinkedIn’s Global Talent Trends Report Shows That Hiring Is Slowing
COMP NEWS - LinkedIn's Global Talent Trends report has been released, indicating that hiring rates are decreasing around the world. LinkedIn has released its latest Global Talent Trends report,...
2 in 5 Workers Are Experiencing Burnout — How Can Employers Ease The Tension?
COMP NEWS - A new report indicates that nearly half of U.S. workers are experiencing burnout. Burnout is on the rise in the U.S., mostly among female and younger workers, a new report finds....
NYC Employers Are Cheating Pay Transparency Law by Listing Massively Inflated Salary Ranges for Jobs
COMP NEWS - In the wake of New York City's recent pay transparency law, which requires companies to post salary ranges for job roles they are hiring for, employers are posting pay bands that range...
Instacart Gives Company-Wide Cash Bonus To Employees After Delaying IPO
COMP NEWS - Instacart is giving employees company-wide a two-part cash bonus starting in December in an effort to retain talent. Instacart Inc. will pay out its first companywide cash bonuses...
Airbus Paying $1,470 Bonus to Nearly All Employees to Counter Cost of Living Crisis
COMP NEWS - Airbus, a major European aviation company, is giving nearly all of its 126,000 global staff a bonus of $1,470 to help counter cost of living increases. Aviation giant Airbus is the...
Top Twitter Executives Get $120 Million in Golden Parachutes
COMP NEWS - Following Elon Musk's acquisition of social media behemoth Twitter, over $120 Million in bonuses have been awarded to executives who were released from the company in the wake of the...
