The Latest News, Headlines, and Business Stories for December 28

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Of course, you wouldn’t know things are so bad from WeWork’s bankruptcy announcement. The message reads more like a company on the rise than one legally acknowledging it can no longer pay its debts, writes Insider’s Katie Notopoulos. But those days are long gone now that venture capitalists have tightened their purse strings. That’s resulting in a cash crunch for late-stage companies, forcing them to fold or sell off their best assets, writes Insider’s Vishal Persaud. After years of a near-zero rate environment, getting money became a lot more expensive. That type of change throws quite a wrench in your plans if your business strategy amounts to burning cash while you figure things out.

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On Monday, April 8, Business Insider welcomes Ari Isaacman D’angelo as Chief Communications Officer, focused on shaping the Business Insider story and advancing the new strategy. Business Insider rewrites the ad data story with SÁGA reACT. Business Insider covers the people, companies, and ideas changing our world. Leaders and executives from 18 companies shared vision, strategy, and challenges for Business Insider’s series “Looking Ahead 2024.” After laying off a third of a startup he helped build, Ethan Evans was laid off the next day. He learned there are several parts to conducting layoffs well.

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  • Global shares and risk assets rose on Thursday after the Federal Reserve adopted a more hawkish stance on policy.
  • Market Watch – This website presents financial information along with stock market data, in-depth analysis, and news.
  • But one Wall Street veteran believes WeWork will be the first of many companies to succumb to a similar fate.
  • Hollywood and traditional media companies need ‘radical levels of reinvention,’ according to Accenture.
  • Microsoft insiders shared candid concerns and hopes for Copilot offerings and its other AI services.

For one thing, less time working correlates with lower carbon emissions — people are commuting less, and businesses use less energy. The 4 Day Week trial found that participants spent an hour less time commuting than before the trial. “When people are working longer hours, they tend to be in this kind of work-spend cycle where consumption patterns tend to be quite intensive,” Kelly said. With less free time, people are more likely to buy food in disposable plastic packaging, drive to work instead of walking or taking public transportation, and spend more money on material goods. Crucially, the new approach has brought huge gains to the small startup, which employs 20 people. Over the six-month trial period, Rent a Recruiter doubled its gross profits and calculated that its staff’s productivity doubled over that time as well.

An invite-only audio app has Silicon Valley and creators buzzing. But can it last?

Microsoft’s chance to be the leading AI platform for business has made it the world’s most valuable public company, as Wall Street gushes about a coming productivity revolution. A champion powerlifter shares his high-protein vegan diet and training routine. “I live in hotels full time. It works out cheaper than renting, and I haven’t changed my sheets in 3 years.” Daniel George and his wife are digital nomads who have traveled to 25 countries. They work New York hours while traveling and don’t plan beyond booking a one-way flight. This is the perfect time to reset and focus on getting everything in order, McCaskill told me.

  • Meanwhile, inside OpenAI, there’s growing pressure to become an actual business rather than an AI research group.
  • Vannavada said Dentsu has training to help employees use Copilot to create more advanced outputs and applications.
  • The SEC is considering requiring US companies to disclose their climate impact.
  • I’m a former tech manager who has put employees on PIPs.
  • The pressure of the future she was feeling, he said, was really the pressure of the responsibility she’ll have for her own life once she graduates from the program.

Gil Perez, the bank’s chief innovation officer, said the German lender wants to at least double its AI employee base of about 300 in the next 12 months. But challenges, including determining the tech’s ROI, remain. “People don’t use Google because they have to — they use it because they want to,” Google’s president of global affairs, Kent Walker, told Hugh in a statement.