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

Allwork

million in January 2024 alone, primarily due to high operating costs and lease obligations. million as of January 2024. WeWork’s financial struggles are also reflected by its long-term lease obligations totaling $4.4 billion and immediate lease obligations totaling a reported $163.8

Legal 259
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Wage Growth Normalizes Post-Pandemic, but Childcare Sector Bucks the Trend

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from pre-pandemic levels as of April 5, 2024. However, the slowdown in wage growth in other sectors with comparable pay, such as food preparation and service, could still lead to an influx of workers filling vacant positions in the childcare industry. wage growth has returned to its pre-pandemic rate of 3.1%

2024 274
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Top Tech Jobs of 2024 and the Skills You Need To Land Them, According to Futurist Shivvy Jervis

Success

The 4 most in-demand tech jobs of 2024 and beyond Although it might feel like AI is out to replace us , Jervis asserts that it’s, in fact, the opposite. The Ideal Candidate : Someone who is well-versed in AI and has some understanding of the legalities behind technology and AI will be a good fit for this role.

2024 257
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U.S. Law Firms Lead The Country In Office Space Growth

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law firms are expanding their office spaces, as many other industries downsize and adopt flexible work arrangements. A recent report published by the brokerage firm Savills, featured in Reuters , revealed a growing preference for in-person work in the post-pandemic era for the legal field. In 2023, 42.6% in 2022. In 2023, 42.6%

Legal 246
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The New York Times Lawsuit Against OpenAI Could Reshape AI’s Future

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As AI tooling and software becomes increasingly integrated into various industries, the clarity of data usage rights and intellectual property becomes more important as well. As AI’s capabilities and applications expand, so too will the legal and ethical debates surrounding its use.

Legal 147
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Should Flexible Working Be A Right, And Not Just A Privilege?

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Flexible working as a right or privilege involves complex considerations, balancing individual employee needs with employer concerns and the operational realities of different industries. Yet, framing it this way also raises questions about enforceability, exemptions, and the readiness of industries to adapt to such a shift.

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Over 70% Of Workers Predict Positive Impact From GenAI On Daily Tasks, LexisNexis Finds

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Generative AI (GenAI) is impacting productivity, creativity, and decision-making across a wide range of industries, and its leading organizations to pivot strategies and operations to adapt to using this new technology.

2024 147