Streetbeat News

Labor Issues

CRM

A survey by Bamboo HR reveals that some executives used return-to-office (RTO) mandates to encourage voluntary turnover, effectively acting as 'layoffs in disguise.' Salesforce (NYSE:CRM) is implementing a new RTO policy requiring certain employees to return to the office multiple days a week, starting in October.

Portfolio Pulse from Michael Juliano

July 24, 2024 | 10:21 pm

DIS

Disney and unions representing 14,000 Disneyland employees have reached a tentative three-year labor agreement, averting a potential strike. The deal includes wage increases and additional benefits for employees. Disney confirmed the agreement, emphasizing their commitment to employee wellbeing.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 5:32 pm

NGD

New Gold Inc. reported a fatal accident at its Rainy River Mine in northwestern Ontario, leading to a voluntary suspension of operations. An investigation is underway.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 3:17 pm

H

HLT

MAR

Shares of Marriott International (MAR), Hilton Hotels Corporation (HLT), and Hyatt Hotels Corporation (H) are trading lower due to impending strike authorization votes by 13,500 unionized hotel workers in four U.S. cities. The workers are demanding significant pay raises, better healthcare, and pension plans, and the reversal of pandemic-era cuts.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:31 pm

FLEX

Flex has announced the initiation of an executive search process to identify a permanent Chief Financial Officer (CFO).

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:17 pm

GERN

Geron shares are trading lower following the announcement of the departure of Chief Commercial Officer Anil Kapur.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 10:17 am

GERN

Geron shares are trading lower following the announcement of the departure of Chief Commercial Officer Anil Kapur.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:44 pm

LYFT

Lyft has announced that its President, Kristin Sverchek, will depart as an employee effective August 20, 2024. She will continue to serve as a nonemployee advisor until November 30, 2024. The departure is not due to any dispute or disagreement with the company.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:28 pm

AMZN

Amazon workers at the KSBD warehouse in San Bernardino, a key logistics hub, walked out in a strike over alleged unfair labor practices and retaliation for union organizing. The strike is organized by the International Brotherhood of Teamsters.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 9:43 pm

MSFT

SGAMY

Bethesda Game Studios has unionized under the Communication Workers of America, marking a significant shift in the gaming industry's labor dynamics. This unionization involves 241 developers and follows similar moves within Zenimax and Sega Sammy Holdings. Microsoft has recognized the union, and negotiations for a contract are forthcoming.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 9:42 pm