Expensive Employee
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Macy's Holds Employee Responsible For Hiding $154 Million In Expenses
The company explained the employee “intentionally made erroneous accounting accrual entries” to conceal small package delivery costs.
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Apple Stores Gear Up for Vision Pro Launch in Early 2024, Training Scheduled for Retail Employees: Report
Apple introduced the Apple Vision Pro, its expensive mixed-reality headset, earlier this year at WWDC 2023. While the headset has faced hurdles and delays since it was first showcased, the Cupertino, California-based company is finally gearing up for the retail launch of the headset. Apple is reportedly scheduling Vision Pro training seminars for i...
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Citibank Wins Case After Firing Employee For Lying About 2-Sandwich Lunch Expense
Banking giant Citibank has won a legal battle in the United Kingdom after sacking an employee for claiming expenses for sandwiches and coffee for his partner during a business trip and then lying about it.
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Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
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Meta to Freeze Hiring to Cut Costs Following First Quarterly Revenue Drop, Plunging Profit: Report
Meta CEO Mark Zuckerberg has reportedly informed the company's employees during a weekly all-hands meeting that the company will freeze hiring to cut costs, amid rough economic conditions, according to a report by The Wall Street Journal that states the company wants to cut expenses by at least 10 percent. Back in July, Zuckerberg reportedly told e...
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Troubled Crypto Lender Hodlnaut Fires 80 Percent of Its Employees to Cut Expenses
Troubled crypto lender Hodlnaut has laid off 80 percent of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, has also disclosed liquidity issues.
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Alibaba Reportedly Lays Off Around 10,000 Employees in Three Months
Alibaba, the Chinese e-commerce giant, has fired around 10,000 employees in three months, as per various reports. The company laid off 9,241 employees during the June quarter. Earlier in July, Alibaba announced plans to apply for a primary listing in Hong Kong opening up the firm to a vast pool of mainland China investors for the first time, report...
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Infosys Misses Profit Expectations As Costs Surge; Raises Annual Revenue Outlook
India's Infosys Ltd on Sunday reported Junequarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook,
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Yelp to Cover Expenses of Employees Travelling Out-of-State in US for Abortions
Yelp, the online review service, has announced that it'll cover travel expenses of employees who must travel out-of-state for abortions. This comes after Texas and other states in the US passed a law banning abortions after six weeks of pregnancy.
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Income Tax Exemptions For Covid Expenses: What It Means For You
Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax
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Mahindra To Cover COVID-19 Vaccination Expenses Of Dealer Employees
Mahindra will cover COVID-19 vaccination expenses of all dealer manpower subject to a maximum of Rs. 1500 per person, for both the doses. This will be applicable till 31 March 2022.
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Man Sprays Sanitiser On Employee's Genitals Over Lockdown Expenses: Maharashtra Cops
A 30-year-old man was allegedly kidnapped and tortured by three men, including his employer, in Kothrud in Maharashtra over a financial dispute regarding the victim's stay in Delhi on the company's money during the lockdown, police said on Sunday.
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Ola Introduces 'Drive The Driver Fund' Initiative To Fund Relief For Driver Community
Ola, one of the leading ride-sharing platform on Friday officially announced the launch of a new initiative under its social welfare wing, Ola Foundation. This new initiative is called 'Drive The Driver Fund', wherein the company will be offering support to auto-rickshaw, cab, kaali-peeli and taxi drivers through a contribution from the Ola group, ...
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Budget 2019: Industry Body Calls For Tax Exemption on Preventive Health Check-Ups
Union Budget: FICCI has demanded that the employers get a separate annual deduction of upto Rs 10,000 per employee, towards expenses incurred for sponsoring the health check expenses of their employees.
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Musk to Review All of Tesla's Expenses in New Cost Cutting Plan
Tesla CEO Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.
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Macy's Holds Employee Responsible For Hiding $154 Million In Expenses
The company explained the employee “intentionally made erroneous accounting accrual entries” to conceal small package delivery costs.
-
Apple Stores Gear Up for Vision Pro Launch in Early 2024, Training Scheduled for Retail Employees: Report
Apple introduced the Apple Vision Pro, its expensive mixed-reality headset, earlier this year at WWDC 2023. While the headset has faced hurdles and delays since it was first showcased, the Cupertino, California-based company is finally gearing up for the retail launch of the headset. Apple is reportedly scheduling Vision Pro training seminars for i...
-
Citibank Wins Case After Firing Employee For Lying About 2-Sandwich Lunch Expense
Banking giant Citibank has won a legal battle in the United Kingdom after sacking an employee for claiming expenses for sandwiches and coffee for his partner during a business trip and then lying about it.
-
Tinder's Paying Users Increase by 7 Percent as Match Forecasts Flat Q4 Revenue Amid Weak Economy
Tinder parent firm Match on Tuesday reported that its revenue grew 6 percent and its paying users jumped 7 percent, aided by the return of a feature that lets users swipe right and left from their desktops. However, Match has predicted that Tinder's growth will be flat in the fourth quarter of the year, warning that a weakening global economy was h...
-
Meta to Freeze Hiring to Cut Costs Following First Quarterly Revenue Drop, Plunging Profit: Report
Meta CEO Mark Zuckerberg has reportedly informed the company's employees during a weekly all-hands meeting that the company will freeze hiring to cut costs, amid rough economic conditions, according to a report by The Wall Street Journal that states the company wants to cut expenses by at least 10 percent. Back in July, Zuckerberg reportedly told e...
-
Troubled Crypto Lender Hodlnaut Fires 80 Percent of Its Employees to Cut Expenses
Troubled crypto lender Hodlnaut has laid off 80 percent of its employees and filed for judicial intervention in Singapore in a bid to decrease costs and stay afloat. Hodlnaut, which offers cryptocurrency investment options in approved institutions with interest, has also disclosed liquidity issues.
-
Alibaba Reportedly Lays Off Around 10,000 Employees in Three Months
Alibaba, the Chinese e-commerce giant, has fired around 10,000 employees in three months, as per various reports. The company laid off 9,241 employees during the June quarter. Earlier in July, Alibaba announced plans to apply for a primary listing in Hong Kong opening up the firm to a vast pool of mainland China investors for the first time, report...
-
Infosys Misses Profit Expectations As Costs Surge; Raises Annual Revenue Outlook
India's Infosys Ltd on Sunday reported Junequarter profit that missed estimates, hurt by higher employee expenses, but the IT services company raised its annual revenue outlook,
-
Yelp to Cover Expenses of Employees Travelling Out-of-State in US for Abortions
Yelp, the online review service, has announced that it'll cover travel expenses of employees who must travel out-of-state for abortions. This comes after Texas and other states in the US passed a law banning abortions after six weeks of pregnancy.
-
Income Tax Exemptions For Covid Expenses: What It Means For You
Income Tax Relief Amid COVID-19: The government announced that the amount paid by an employer to employees for COVID-19 treatment would be exempted from tax
-
Mahindra To Cover COVID-19 Vaccination Expenses Of Dealer Employees
Mahindra will cover COVID-19 vaccination expenses of all dealer manpower subject to a maximum of Rs. 1500 per person, for both the doses. This will be applicable till 31 March 2022.
-
Man Sprays Sanitiser On Employee's Genitals Over Lockdown Expenses: Maharashtra Cops
A 30-year-old man was allegedly kidnapped and tortured by three men, including his employer, in Kothrud in Maharashtra over a financial dispute regarding the victim's stay in Delhi on the company's money during the lockdown, police said on Sunday.
-
Ola Introduces 'Drive The Driver Fund' Initiative To Fund Relief For Driver Community
Ola, one of the leading ride-sharing platform on Friday officially announced the launch of a new initiative under its social welfare wing, Ola Foundation. This new initiative is called 'Drive The Driver Fund', wherein the company will be offering support to auto-rickshaw, cab, kaali-peeli and taxi drivers through a contribution from the Ola group, ...
-
Budget 2019: Industry Body Calls For Tax Exemption on Preventive Health Check-Ups
Union Budget: FICCI has demanded that the employers get a separate annual deduction of upto Rs 10,000 per employee, towards expenses incurred for sponsoring the health check expenses of their employees.
-
Musk to Review All of Tesla's Expenses in New Cost Cutting Plan
Tesla CEO Elon Musk told employees on Thursday that he will increase scrutiny of the company's expenses in his latest initiative to cut costs at the electric car maker.
