Yesterday, the hinted-at changes in Microsoft's workforce took shape and heft, to the tune of 18,000 job cuts over the next year. The figure represents about 14 percent of Microsoft's workforce. The majority of those cuts, 12,500 jobs, will come in Microsoft's devices and services unit, which absorbed Nokia last year. How did workers in the mobile unit discover this? In the eleventh paragraph of a memo from former Nokia CEO and current Microsoft executive vice president Stephen Elop.
The race gap has narrowed significantly in college enrollments, with 65 percent of black high school graduates attending college, compared to just under 70 percent of whites in 2011, according to the National Center for Education Statistics. However, the gap in graduation rates remains wide and admission to college has little value if a degree isn’t the end result.
A recent report released by the Institute for Policy Studies finds that student debt and low-wage faculty labor are rising faster at state universities with the highest-paid presidents. Usually those three hotly debated issues: student debt, increased use of part-time faculty, and inflated executive pay are discussed as separate issues, but researchers wondered if the three were related. What they found shows that all three are connected in ways worthy of a Charles Dickens novel.
Last month, Google revealed, for the first time ever, just how big the company’s gender gap is. Only 30 percent of Google’s overall employees are women and when looking specifically at tech-related jobs, the number drops to 17 percent. As it turns out, Google isn’t the only tech company with alarmingly low numbers of women.
Did you know your mother follows you to work? Well, she may not actually be following you to your desk, but her influence does. A recent study found that mothers play a unique role in what kind of worker you become. It turns out that a strong relationship with your mom may cause you to be less focused on money, and more focused on finding meaning and purpose in what you do.
Want to get that bachelor's degree you’ve always wanted, but couldn’t afford? Become a barista. The Starbucks Corporation announced Monday that it's going to finance online degrees for employees via Arizona State University. The Starbucks College Achievement Plan, the first of its kind, will be available to U.S. Starbucks employees working at least 20 hours a week.
At the beginning of the month, Seattle's city council voted unanimously to increase the city's minimum wage to $15 an hour in stages over the next three to seven years. To get a business owner's perspective on the issue, we spoke via email with John Pepper, co-founder and former CEO of Boloco, a Boston-based restaurant chain with 22 units across New England. Pepper told us a bit about why a higher minimum wage isn't necessarily bad for business and what else needs to change for small businesses to thrive while paying their workers higher wages.
According to a recent report by the National Student Clearinghouse Research Center, some older students are actually leaving school to return to an improving job market. Since last year, enrollment dropped by 0.8 percent; over the previous year, enrollment declined 2.3 percent.
The Class of 2014 may not have to don fast food uniforms after the caps and gowns come off. Employers that hire new grads are feeling optimistic about the market and plan to hire 8.6 percent more college graduates this year as compared to last. Starting salaries for this year's class are also up by 1.2 percent, all this according to a recent survey released by The National Association of Colleges and Employers (NACE).
On April 8, 2014, President Obama signed the Non-Retaliation for Disclosure of Compensation Information into law. This executive order prohibits federal contractors from retaliating against workers who discuss their wages and salaries, but even if you don't work for the government, it's part of a trend that could affect your working life.
On Friday night and early Saturday morning, PayPal's Director of Strategy Rakesh Agrawal quit his job and then made several tweets expressing his opinions about his former colleagues at the company. They were not positive, nor were they coherently expressed, even by 140-character standards.
Thanks! We'll send you a welcome newsletter as soon as we can.
In the meantime, check out our research center.
Looks like your email already exists in our database.
Please log in here.
You are already logged in.