article thumbnail

Watch Out Great Resigners – These TRAPs Could Cost You

Allwork

Under the Consumer Financial Protection Bureau’s review of these practices, the committee aims to find a method to connect professionals with jobs that are more in line with their background previous experience. . The post Watch Out Great Resigners – These TRAPs Could Cost You appeared first on Allwork.Space.

2020 263
article thumbnail

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. The committee accuses SoftBank and a coalition of creditors, who hold 62% of WeWork’s unsecured notes, of orchestrating a debt restructuring in May 2023.

Legal 239
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU To Face £370M Bill If WeWork Exits London Office

Allwork

GB News reported that a document now circulated to the European Parliament’s budget committee said the U.K. While the bankruptcy filing does not directly impact WeWork’s U.K. subsidiary, which sublets the building, the U.K. organization is also struggling with big financial losses. branch of WeWork would soon stop paying rent on the building.

2023 267
article thumbnail

WeWork Slashes London Office Space as Bankruptcy Exit Approaches

Allwork

According to a report published by GB News, a document that had circulated to the European budget committee said the U.K. According to a report published by Reuters , a key factor to WeWork’s post-bankruptcy strategy has been its substantial reduction in future rent costs. branch of WeWork would soon stop paying rent on the building.

2023 193
article thumbnail

Economist Believe New Wage And Employment Data Will Lead The Federal Reserve To Raise Interest Rates

Allwork

What’s going on: Policymakers at the central bank received new data on wages and personal consumption ahead of the Federal Open Market Committees (FOMC) May 2-3 meetings. As the central bank takes measures to control inflation – such as raising interest rates – borrowing costs for businesses may increase.

2023 245
article thumbnail

Sick pay reform should encourage people back into work, government claims

Workplace Insight

A parliamentary committee of MPs has called for a ‘long-overdue’ boost to statutory sick pay (SSP), emphasising the need to strike a delicate balance between workers’ wellbeing and employers’ financial constraints. The cross-party committee contends that all workers, regardless of income, should be eligible for SSP.

Health 59
article thumbnail

Mayor of NYC is Now Embracing Remote Work for Everyone

Allwork

The decisions regarding eligibility and remote workdays will be made at the agency level, with oversight from the Flexible Work Committee. Organizations worldwide are recognizing the benefits of remote work, not only for employee well-being but also for access to a broader talent pool and potential cost savings.

2024 162