Employees Archives - Page 3 of 17 -
Arguments, fights and meltdowns have been a part of commercial airline service for decades, but airborne conflicts have become viral internet sensations in the last few years, now that nearly every flier is armed with a smartphone and access to social media.
“It has changed the dynamics of what…
Las Vegas gunman Stephen Paddock reportedly encountered hotel employees several times in days prior to shootingJanuary 6, 2018 | dailybusinessnews
Las Vegas gunman Stephen Paddock reportedly encountered employees at the Mandalay Bay Hotel and Casino “more than 10” times in the days prior to the deadly concert shooting ambush in October, MGM Resorts International said.
Employees who work at Tim Hortons locations in Canada owned by the co-founders’ children will reportedly see their benefits reduced along with paid breaks over the country’s $ 2.40 increase to minimum wage.
Mattel Inc. laid off 70 employees earlier this month, according to a California Employment Development Department report.
Mattel had 32,000 employees as of last December, according to its Security and Exchange Commission filings.
The cuts, which were effective Dec. 8, come during a time of financial…
Japanese conglomerate GMO Internet Group has introduced a payroll system to allow its 4,700+ employees to receive part of their salaries in bitcoin.
GMO Introduces Bitcoin Salary Payment System
Japanese Internet leader GMO Group has announced that its employees can start receiving part of their salaries in bitcoin beginning in February of next year for the March pay period. This option will initially only be available to employees of GMO Internet Co. Ltd but it will gradually extend to the entire group, the company detailed in its announcement on Monday. According to the company’s website, GMO Internet has 4,710 full-time employees as of September this year.
The company also listed 42 subsidiaries on its website which are part of the GMO Group. They include GMO Coins, the company’s cryptocurrency subsidiary, and GMO Click, one of the world’s largest FX platforms.
In order to facilitate salary payments in bitcoin, the company explained:
The GMO Internet Group has decided to introduce a system that allows part of the salary payment to be received as bitcoin in order to promote ownership of our domestic employees’ virtual currency.
The minimum bitcoin payment will initially be 10,000 yen (~$ 88) and the upper limit will be 100,000 yen (~$ 881). Each salary payment in yen will be reduced by the amount of bitcoin payment paid, using the exchange rate at the GMO Coins exchange. Employees who create an account at the GMO Coins exchange “can receive bitcoin on the same day as their payday,” Nikkei described.
GMO Promoting Crypto From Within
Following the launch of its cryptocurrency trading platform in May, GMO announced in September its plans to begin a mining business. The company plans to spend 10 billion yen in the next few years to build a mining farm as well as to research and develop 7nm, 5nm, and 3.5nm mining chips. In October, GMO announced that it plans to sell mining boards equipped with 7nm chips using token sales.
In Monday’s announcement, the company stated, “The mining business is currently preparing for the start of business beginning in January 2018.”
“The GMO Internet Group will contribute to the development of virtual currencies in the world by promoting efforts related to virtual currency throughout the group,” the company noted, adding that:
In order to further strengthen these approaches to virtual currency, it is important for employees to actively use virtual currency first by improving [their] virtual currency literacy.
What do you think of GMO offering to pay their employees in bitcoin? Let us know in the comments section below.
Images courtesy of Shutterstock and GMO Group.
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Digital media company BuzzFeed said it is laying off 8% of its U.S. employees, or 100 workers, as it changes its business model in a bid to boost revenue.
It’s also cutting an unspecified number of jobs in Britain. The company has 1,700 employees worldwide.
A spokeswoman for New York-based BuzzFeed…
Outcome Health, a Chicago startup, offered voluntary buyouts to employees, and Harvard Health Publishing and the American Medical Association put their partnerships with the company on pause.
WSJ.com: US Business
Trump administration launches attack in a culture war, rolls back Obama rules on birth control and transgender employeesOctober 6, 2017 | dailybusinessnews
The Trump administration launched a broad attack in the culture wars this week, announcing an expanded policy to protect religious liberty and rolling back Obama-era rules that shielded transgender employees and promised American working women access to free birth control.
Under the rule announced…
Wal-Mart Stores Inc. is taking an unconventional approach to seasonal hiring this year by doing away with the longtime tradition of recruiting — and training — thousands of temporary workers for the holiday crush.
Instead, the world’s largest retailer says it will dole out extra holiday work to…
Three former Google employees filed a class-action complaint against the tech giant, alleging it discriminated against women in pay and promotions, building on a debate of whether gender bias is pervasive at Google.
WSJ.com: US Business