SpaceX announced that is it cutting about 10% of its staff, giving them at least eight weeks of pay, benefits and career coaching with a let-go date of March 12. The layoff of 577 employees is due to "extraordinarily difficult challenges ahead," according to a company statement.
"Fortnite" players can purchase currency to use in the popular video game, and cybersecurity firm Sixgill has reported the V-bucks are now being used to launder money from stolen credit cards. Hackers purchase the digital currency in a "Fortnite" account and sell it through either legal and illegal vendor sites.
The Supreme Court ruled today that the Trump Administration's ban on transgendered individuals serving in the US armed forces can be put into effect while several lawsuits challenging the ban work their way through the federal courts. The action undoes lower court injunctions that temporarily blocked the ban.
Empathy can help a leader understand what motivates, inspires and causes stress for employees and, therefore, how to delegate and achieve the best outcome, writes Joel Garfinkle. "Time spent with your team will give you an idea about how each of them approaches the world," he writes.
An uncertain environment is one that doesn't allow for predictions, even statistical ones, leaving organizations only able to take concrete actions they have control over, writes University of Amsterdam Business School professor Jeroen Kraaijenbrink. "To some extent, confidence can be achieved by gathering detailed and relevant data," he writes.
A growing number of small-business owners are turning to alternative lenders for their working capital needs. A study by Credibly found that 62.5% did not seek a traditional loan first, with 32.2% of respondents saying their biggest issue is the length of time to receive funding from a bank.
Social responsibility by CEOs and businesses is a priority for employees and consumers, according to studies done by Deloitte and Edelman. The 2019 Edelman Trust Barometer found that 76% of respondents want CEOs to act on key issues rather than wait for regulation, while 40% of respondents to the Deloitte Millennial Survey 2018 said companies need to "improve society."
Some cultures follow stricter social norms than others, and there's usually a logic to either path based on the threats facing that society, says psychology professor Michele Gelfand, who has researched what she calls "tight" and "loose" cultures. "The gist is this: When people perceive threat -- whether real or imagined, they want strong rules and autocratic leaders to help them survive," she says.
Business innovation has long been about incremental growth, and getting past that restraint starts with better narratives about the organization's future, write INSEAD professor Nathan Furr, Uncommon Partners CEO Kyle Nel and Neurons CEO Thomas Zoega Ramsey. After creating a narrative, companies can then break through "decision bottlenecks" and deploy applied neuroscience to create better key performance indicators.
Author and artist Austin Kleon presents the question, "What happens to the good teachings of men when those men do bad things?" specifically in reference to lessons he learned from the actor Jeffrey Tambor before he was mired in scandal. Kleon argues that he now owns the lessons Tambor taught, and he can also "keep looking for and learning from better men, or better yet, better women."
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