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Wells Fargo agrees to $575 million settlement affecting all 50 states in wake of fake accounts

Wells Fargo has been under fire since it was revealed in 2016 that employees had fraudulently opened millions of fake accounts to meet sales goals. .....»»

Category: topSource: usatodayDec 28th, 2018

The Wall Street Journal: PG&E employees won’t get $130 million in bonuses after fire victims protest

The utility filed for bankruptcy last month......»»

Category: topSource: marketwatchFeb 23rd, 2019

PG&E To Scrap Employee Bonuses After Protest From Fire Victims

PG&E is planning to scrap $130 million in bonuses owed to thousands of employees, a move that comes after protests from victims of several California wildfires......»»

Category: smallbizSource: wsjFeb 24th, 2019

A former Facebook and Nike DEI manager got 5 years in prison for stealing $5 million to fund her luxury lifestyle

Barbara Furlow-Smiles was sentenced to 5 years in prison for stealing millions from Facebook and Nike using fake ven.....»»

Category: worldSource: nytMay 16th, 2024

Solana DEX Developer Admits To Stealing And Gambling Away $300M Meant For Hack Victims: "I F***ed Up Way Too Hard"

A core developer working for Solana-based (CRYPTO: SOL) decentralized exchange, Cypher, admitted to misappropriating funds worth more than $300 million meant to compensate victims of a sensational hack on the platform last year. read more.....»»

Category: blogSource: benzingaMay 15th, 2024

Walmart To Cut Hundreds Of Corporate Jobs, Relocate Workers To Central Hubs

Walmart, the largest employer in the U.S. with 1.6 million workers, is downsizing its corporate workforce and asking remote employees to move to its main corporate hubs. read more.....»»

Category: blogSource: benzingaMay 14th, 2024

Careers site Indeed to lay off 1,000 workers

In a memo to employees, Indeed CEO Chris Hyams took responsibility for "how we got here," but also cited a global slowdown in hiring. Indeed draws more than 250 million people from around the world each month.....»»

Category: worldSource: nytMay 13th, 2024

A Chinese criminal ring has stolen $50 million by franchising thousands of fake online shops, experts say

A Chinese criminal organization has stolen.....»»

Category: worldSource: nytMay 12th, 2024

Bitcoin trader loses almost $70 million after sending crypto to wrong online account address

A Bitcoin trader lost nearly $70 million after criminals tricked them into sending crypto to a fake address that looked like their own. A crypto trader lost nearly $70 million in an "address poisoning" scam.Business InsiderA cr.....»»

Category: dealsSource: nytMay 5th, 2024

Travis Kalanick"s $15 billion food tech company cuts employees globally in profitability push

Otter has $80 million in annual recurring revenue and .....»»

Category: dealsSource: nytMay 3rd, 2024

EV charger startup FreeWire Technologies Inc. closing HQ and laying off 113 employees

FreeWire Technologies Inc. raised more than than $225 million from blue-chip investors......»»

Category: topSource: bizjournalsMay 2nd, 2024

Experts emphasize importance of intentional preparation for successful small business transition planning

Recent data from the U.S. Small Business Administration (SBA) shows the U.S. is home to 33.2 million small businesses, making up 99.9% of all businesses across the country. Defined as having fewer than 500 employees, small businesses have a big imp.....»»

Category: topSource: bizjournalsMay 1st, 2024

The FBI continues to ignore Jeffrey Epstein"s victims even after reaching $139 million settlement for botched Larry Nassar investigation

The Justice Departme.....»»

Category: worldSource: nytApr 26th, 2024

98point6 lays off employees after shifting focus last year

The Seattle-based telehealth company sold its original business line to Transcarent for about $100 million a year ago......»»

Category: topSource: bizjournalsApr 25th, 2024

Boeing’s financial woes continue, while families of crash victims urge US to prosecute the company

Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accus.....»»

Category: topSource: chicagotribuneApr 24th, 2024

Biden Admin To Pay $139 Million To Victims For FBI Failures In Sex Abuse Investigation

Biden Admin To Pay $139 Million To Victims For FBI Failures In Sex Abuse Investigation .....»»

Category: personnelSource: nytApr 24th, 2024

Chick-fil-A makes largest investment in scholarships for employees

Since 1973, Chick-fil-A has awarded 105,000 employee scholarships worth $191 million......»»

Category: topSource: bizjournalsApr 23rd, 2024

Taylor Swift fans in the UK have been scammed out of $1.2 million, bank says

Taylor Swift fans in the U.....»»

Category: topSource: businessinsiderApr 17th, 2024

The founder of a multi-million-dollar apron company shares 5 leadership tips for stepping back and trusting your team

As her apron company has grown, founder and CEO Ellen Marie Bennett learned to stop trying to fix everything and trust her employees to problem solv.....»»

Category: worldSource: nytMay 25th, 2021

"Deely Nuts," "Beefy King," and other fake businesses reportedly got $7 million in COVID-19 PPP loans through one lender

Non-existent farms, such as "Ritter Wheat Club" and "Deely Nuts," each received the maximum loan of $20,833, ProPublica found. President Joe Biden. Scott Olson/Getty Images Fake firms collected $7 million in COVID-19 small business relief.....»»

Category: topSource: businessinsiderMay 25th, 2021