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Labor Issues

BIGC

BigCommerce (NASDAQ:BIGC) has appointed Travis Hess, a veteran in the ecommerce and technology industry, as its new president to drive top-line growth and profitability. Hess brings extensive experience from senior leadership roles across top commerce agencies and consultancies, including a recent position at Accenture. Additionally, BigCommerce has strengthened its sales team by hiring Thom Armstrong as vice president of Americas enterprise sales, aiming to boost its growth in enterprise sales in the Americas.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 12:13 pm

DCOM

Dime Community Bancshares, Inc. (DCOM), the parent company of Dime Community Bank, announced the hiring of a deposit-focused group to expand in the Williamsburg market. The group, led by John McDonough and Emanuel "Manny" Diconimakis, previously worked at the former Signature Bank and its successor, Flagstar Bank.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:52 am

SFST

Southern First Bancshares, Inc. (NASDAQ:SFST) has appointed Chris Zych, formerly of United Community Bank, as its new Chief Financial Officer and Executive Vice President. Zych brings 30 years of banking industry experience, including a decade at United Community Bank focusing on corporate development and investor relations. His background in financial management and strategy is expected to support Southern First's growth and performance.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:48 am

NEE

NEP

NextEra Energy Partners, LP (NYSE:NEP) appoints Brian Bolster, formerly of Goldman Sachs, as CFO and board director, succeeding Kirk Crews who moves to a senior leadership role at NextEra Energy, Inc. (NYSE:NEE). Bolster's extensive experience in the power and renewables sectors at Goldman Sachs is expected to positively impact NextEra Energy Partners.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:34 am

ALLT

Allot Ltd. (NASDAQ:ALLT) announced the appointment of Eyal Harari as CEO, effective May 6, 2024, replacing Erez Antebi. Antebi will assist during the transition and continue as a consultant.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:25 am

LAZR

Luminar shares are trading lower following the company's announcement of a workforce reduction.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 11:14 am

GOOGL

META

Daniel McKinnon, an ex-product manager at both Meta Platforms Inc. (META) and Alphabet Inc. (GOOGL/GOOG), shared insights on work-life balance, compensation, and career progression at the two companies. McKinnon, who returned to Meta in February to work on Ray-Ban AI glasses, highlighted Meta's growth opportunities at the expense of stress, while Google offers better work-life balance and job security. Differences in compensation, project opportunities, and company culture were also discussed. Meta's Q1 revenue was $36.45 billion, up 27% YOY, while Alphabet's Q1 revenue increased by 15% YOY to $80.539 billion.

Portfolio Pulse from Ananya Gairola

May 06, 2024 | 7:52 am

GT

LAZR

SAVE

TSN

WMB

U.S. stock futures are trading higher, with focus on Tyson Foods, The Williams Companies, Luminar Technologies, The Goodyear Tire & Rubber Company, and Spirit Airlines due to earnings reports and corporate actions. Tyson Foods is expected to report earnings of 39 cents per share, The Williams Companies at 48 cents per share, and The Goodyear Tire & Rubber Company at 1 cent per share. Luminar Technologies announced a 20% workforce reduction, and Spirit Airlines is expected to report a quarterly loss of $1.45 per share.

Portfolio Pulse from Avi Kapoor

May 06, 2024 | 3:23 am

SEEL

Seelos Therapeutics Inc announced a significant workforce reduction, affecting approximately 33% of its current employees. This move comes alongside a bid notice received from the Nasdaq Stock Market, as detailed in an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:46 pm

UPS

UPS forecasts an increase in fuel surcharge revenue in Q2 due to volume growth and higher surcharge modifiers. However, Q2 earnings are expected to be lower than the rest of 2023, mainly because of increased labor costs from the first year of the Teamsters contract. UPS anticipates a return to operating profit growth in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:42 pm