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WeWork’s Updated Bankruptcy Exit Strategy: Yardi Takes 60% Stake, SoftBank’s Role Diminished

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WeWork revealed on Monday that Yardi Systems, a property management software provider, is positioned to acquire a 60% stake in the company. The company’s ability to stabilize financially and adapt to the evolving demands of the future of work will be closely watched by the industry and its stakeholders. However, Judge John K.

Finance 249
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WeWork’s Ex-CEO Neumann Slams Post-Bankruptcy Strategy, Calling Projections “Unsustainable”

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According to a report published by Bloomberg , if the restructuring is carried out, WeWork will be primarily owned by Cupar Grimmond, which plans to provide approximately $337 million into the business. Additionally, a group of WeWork bondholders has agreed to offer $112 million in financing.

2024 248
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The Great Reshuffle: Which Industries Are Bearing the Brunt of 2023’s Labor Shortages?

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Labor shortages in 2023 have challenged some industries more than others. A recent analysis published by the U.S. Chamber of commerce highlighted specific industries that have been experiencing the brunt of labor shortages in recent years. Other industries experiencing above-average labor shortages, as highlighted by the U.S.

2023 147
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How To Hire And Manage Freelancers, According To Experts

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You can’t get the best out of freelancers until you’ve honed your management processes. And the key to good management — freelance or otherwise — is communication. Clear communication up front, and continuing conversation through regular check-ins and transparent project management helps streamline workflows and prevent confusion.

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Gender Equality In U.K. Financial Leadership At Least 14 Years Away

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finance ministry’s new 2024 analysis of women in finance reveals that while banks and other financial firms are elevating more women to senior management roles, the current pace suggests that gender parity will not be reached until 2038. According to a report published by Reuters , over 400 firms employing 1.3

Finance 130
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Advancements in AI’s Reasoning Capabilities Promise to Transform Decision Making Across Many Professional Fields

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The current top 100 AI tools in the workforce are mainly being used in content creation, research, programming and project management. However, an advancement in AI technology of this kind has the potential to revolutionize decision-making processes across various industries — including healthcare, finance, and transportation.

Medical 221
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Age-Inclusive Work Practices Lead To Increased Productivity, Study Finds

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Employees with managers who are over 12 years older than them are 1.5 times more likely to report lower productivity levels. The study surveyed 1,450 professionals across finance, technology, and professional services industries in the U.K.