Less than a day after Russia launched an invasion of Ukraine, the head of security at Meta (formerly Facebook) announced the company would no longer accept ad money from Russian state media outlets like Russia Today and Sputnik. Twitter said it would pause all ads from both Russia and Ukraine. And the next day, 26 February, YouTube quietly shared that it had begun blocking a handful of Kremlin-run media outlets from monetizing and running ads on their channels too. READ MORE
Russia’s Economic Blackout Will Change the World
Like all novel experiments, the group punishment of Russia is a leap into the unknown. READ MORE
How Shadow Boards Bridge Generational Divides
A shadow board is a group of young, nonexecutive employees tapped to work with the executive board on strategic initiatives. It’s designed to introduce a company’s (typically middle-aged) leadership team to new perspectives and insights, thereby helping to drive strategy. The shadow board might contribute to initiatives as significant as developing a new marketing plan, redesigning a business model, or updating key processes in the organization’s value chain. It can also shift corporate culture in two ways: Board members can gain access to new perspectives and younger employees can experience the inner workings of a board and share what they learn with their peers. READ MORE
Here’s how Americans think employers have done on the pandemic
As the second anniversary of pandemic-fueled lockdown approaches, the challenges and successes of the last two years are coming into focus for employers. And despite the widespread workplace chaos, many employees appear happy with how their employer has handled the crisis. READ MORE
Amazon misled, obstructed Congress in competition inquiry, House panel says in letter to DOJ seeking probe
A bipartisan group of congressional lawmakers is asking the Justice Department to launch a probe into Amazon and its top executives over whether they lied to or misled Congress over the company's business practices in an effort to surpass their competitors. READ MORE
Startup Funding Announcements Slowed Dramatically Following Ukraine Attack
Following Russia’s invasion of Ukraine, global venture funding announcements and disclosures have slowed dramatically.
Since last Thursday, when the attack commenced, just 154 companies across the globe have revealed a seed, early- or late-stage venture investment of disclosed size, per Crunchbase data . Altogether, those rounds totaled $3.65 billion. READ MORE
Shell is pulling out of Russia, dumping Gazprom deal
On Monday, in a statement, CEO Ben van Beurden detailed the emotional decision. READ MORE
What a Russian cyberattack on the U.S. could look like and how it could affect you
As President Biden intensifies sanctions against Russia in response to the invasion of Ukraine, experts warn that cyberattacks against public and private targets in the United States are a possibility. READ MORE
I feared remote work would kill my startup’s culture. Here’s why it didn’t
I used to fear growth. And more specifically, what growth would do to my company.
A couple of years ago, we were a small, scrappy startup of 40 or 50 people. I knew everyone and everyone knew me. I’d stay in the office until seven or eight at night, not working, but just hanging out with my colleagues—people who I considered friends. READ MORE
Why boycotting Russian goods could have a bigger impact than you think
There's more than one reason not to drink Russian vodka.
Over recent days, several businesses have made headlines for boycotting Russian products. A Las Vegas bar owner, for example, helped raise money for the Red Cross by pouring bottles of Russian vodka down the drain. READ MORE
Ukraine receives shipment of Starlink terminals less than 48 hours after Elon Musk promised them
Automakers idle production following Russia's invasion
Several companies, including automakers Volkswagen and Renault and tire maker Nokian Tyres, on Friday outlined plans to shut or shift manufacturing operations following Russia's invasion of Ukraine. READ MORE
Russia could use cryptocurrency to avoid Western sanctions
Russia could reportedly use crypto to evade Western sanctions, according to NPR.
The sanctions announced by President Biden target Russian financials institutions, especially two of the country's largest banks.
That hits nearly 80% of the banking assets in Russia, according to Treasury officials. READ MORE
Want to Build a High-Performance Team? Start with Trust.
Right from the start, we thought if we could create the category of B2B ecommerce, Ariba could be a rocket ship. But, one quarter, early on, some big deals got delayed, and our team started getting anxious. Instead of working together to come up with solutions, everyone started pulling in different directions. To me, this pressure situation was a clear symptom of a lack of trust, and I knew we needed to do something about it. READ MORE
This key unemployment measure hasn't been this low since 1970
America's jobs recovery didn't lose steam in the new year with a key measure of jobless claims dropping to its lowest level since March 1970, the Labor Department reported Thursday.
Continuing claims for unemployment benefits, which count people who have filed for jobless aid for at least two weeks in a row, dropped to just below 1.5 million in the week ending February 12, adjusted for seasonal swings, marking the lowest level since the week of March 14, 1970. It was also a lower level than economists had predicted. READ MORE
US facing worst worker shortage since WW2
The U.S. economy is facing the worst labor shortage in close to a century, according to new research, raising the prospect of prolonged higher-than-usual inflation.
In an analyst note to clients, Goldman Sachs economists, led by Jan Hatzius, estimated that there is a shortage of 4.6 million workers in the U.S. – the most since the World War II period. That number takes into account the total number of available jobs, of which there is a near-record, and the size of the labor force. READ MORE
The recovery was stronger than we thought last year. Here's why it didn't feel that way
The economic recovery was stronger than initially thought in the fourth quarter of last year, new data from the Commerce Department showed Thursday. But for many Americans it didn't feel that way.
US gross domestic product -- the broadest measure of economic activity -- grew at an annualized pace of 7% between October and December, just above the 6.9% that was first reported in January and in line with economists' expectations. READ MORE
The race for talent: Now job offers can come within days
When it comes to hiring, companies are moving fast.
With millions of open jobs and not enough workers to fill them, employers are struggling to attract and retain employees. At the end of 2021, there were 10.9 million job openings, according to the most recent data from the Labor Department.
One way companies are addressing the problem is by streamlining the hiring process to bring talent in faster. READ MORE
Tech giants to be forced to share more data under EU proposal
The European Union is proposing legislation that would force more data sharing among companies in Europe—aiming to loosen the grip officials say a few big tech companies have on some commercial and industrial data. READ MORE
How Leaders Should Think About Employee Benefits
As the seismic shifts caused by the Great Resignation continue to reverberate across the workforce, employees everywhere are looking to make a change motivated primarily by companies offering better compensation, including benefits.
Record numbers of workers left their jobs in 2021. And, as the year came to a close, Ceridian’s annual Pulse of Talent report found that as many as one in four workers were still actively seeking new jobs. READ MORE