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SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

Big markets for coworking spaces are becoming increasingly competitive for workspace providers — with WeWork’s recent financial challenges creating opportunities for rivals to expand their presence. According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7

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Court to Decide Fate of Overtime Pay Increase for Millions

Allwork

A coalition of prominent business groups has filed a lawsuit against the Biden administration’s new overtime pay regulation. The rule, set to take effect in 2024, extends mandatory overtime pay to an additional 4 million workers by raising the salary threshold for exemption to $58,600 annually.

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The New York Times Lawsuit Against OpenAI Could Reshape AI’s Future

Allwork

While 2023 witnessed rapid AI advancement, 2024 might see a slowdown as AI companies navigate these new legal complexities. In terms of job market dynamics, the evolving legal landscape around AI could influence job roles, establishing a greater need for professionals skilled in legal, ethical, and compliance aspects of AI.

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The FTC Banned Noncompetes—What Does That Mean for Businesses and Employees?

Success

The FTC voted 3-2 on April 23, 2024 to ban (for-profit) employers from requiring employees or independent contractors to sign noncompetes and will make all current noncompetes unenforceable once the rule goes into effect later in the year. For freelancers in particular, who now make up over a third of the entire U.S.

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3 Ways to Create a Better System for Information Management

All Things Admin

Here’s how you can implement color coding: Physical Files : Use colored folders or labels to differentiate between different projects or document types. I love translucent colored poly pockets combined with colored file folders to create instant visual distinction of what’s waiting for me each day in my priority sorter.