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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. Since 2016, WeWork has reportedly vacated 8.9 According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7 million square feet of office space across the U.S.,

Legal 200
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New Overtime Pay Eligibility Rule to Impact Over 4 Million U.S. Workers

Allwork

However, it’s reported that the rule has faced criticism from business groups, who argue that it will increase operating costs and potentially force some companies to cut jobs or raise consumer prices. Notably, the National Restaurant Association and Associated Builders and Contractors have expressed concerns about the impact on their respective (..)

2025 211
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Court to Decide Fate of Overtime Pay Increase for Millions

Allwork

These groups contend that the costs of complying with the new rule will disproportionately affect smaller employers and non-profits operating on fixed budgets, potentially leading to cuts in critical programming, staffing, and public services.

2025 130
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AI may boost productivity, but we are already becoming reliant on it, and that’s a problem

Workplace Insight

Generative AI, a powerful new technology, even shows promise in assisting with legal tasks like contract drafting. New estimates show cutting-edge systems like OpenAI’s GPT-4 cost a staggering $78 million to train. Compare that to just a few years ago, where state-of-the-art models cost a fraction of the price.

2023 59
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Employee Perk or Productivity Secret? Corporate Wellness Programs Deliver on Both

Success

The report also shows that mental health disorders cost $1 trillion in lost productivity every year, pointing to the necessity of mental health and wellness programs in making a dent in these losses. In fact, in 2016 the Harvard Business Review compiled data from leading experts on the topic.

Health 194
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How policy and cost savings are helping to drive the uptake of low-energy, retrofit LED Lamps

Eco-Office Gals

” Well it may not be quite dead but legislation, environmental issues and cost-saving are forcing businesses’ to re-evaluate the real costs of lighting. continue until 2016 to include not only consumer products but also those used in highway, office and industrial lighting applications. photo by: jurvetson.

Policies 100
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Legendary Entrepreneur Naveen Jain Wants Nothing More Than to Change the Way Humanity Lives

Success

This is why, in 2016, he founded Viome. Not so long ago, digitizing someone’s internal health would have cost a million dollars. There was a legal dispute and a company settlement. “Imagine a world when no one is sick,” he says. Imagine your grandma is walking the mountain. Imagine your grandpa never had to die from cancer.

Health 259