#BusinessUpdates

[trainingclassorg]

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[secretstalks]

Amazon may reduce its workforce further; here’s what the CEO disclosed in a company memo

Amazon is reportedly preparing for another round of job cuts, as indicated by a recent memo from CEO Andy Jassy. In this internal communication, Jassy outlined plans for significant workforce changes, aiming to reduce the number of managers across various divisions by 15% by the end of Q1 2025.

The goal is to create a more effective and flexible organizational structure by decreasing management layers and increasing the number of individual contributors. Jassy emphasized that this shift would help eliminate bureaucracy, improve decision-making, empower employees locally, and ultimately enhance customer service.

While Amazon frames these changes as a way to foster employee ownership and efficiency, many anticipate that they may precede further layoffs. This concern arises in the context of substantial job losses in 2023, when the company cut around 27,000 positions as part of cost-saving measures.

To implement these changes, Jassy noted that the People Experience and Technology (PxT) team will work closely with Amazon's leadership, aiming to streamline operations so employees can make quicker, client-focused decisions.

Additionally, the memo announced a significant shift in labor policy: starting January 2, 2025, corporate staff will be required to work in the office five days a week, moving away from the current hybrid model of three in-office days. This change has the potential to further impact employee sentiment amid the organizational restructuring.

READ MORE

[fastflashnews]

📢 Important Update for Business Owners! 📢 Starting soon

Google Business Profile chat and call history going away.

July End Google will shut down call history and chat - you can download your history now.

Learn More: https://fastflashnews.com/digital-marketing/google-business-profile-chat-and-call-history-going-away/

[shenessawright]

Week #10 Business Progress

Hey, Loungers! 🌟

It's that time of the week – Week #10 Business Progress update! Grab your favorite loungewear, settle in, and let's dive into what's been happening in the world of cozy comfort.

🚀 What's Working?

Firstly, I'm thrilled to share that our new collection has been getting an amazing response! It seems like you're all loving the comfy vibes and chic designs. Your feedback and support keep us motivated to keep creating loungewear pieces that make you feel fantastic.

Our social media presence is growing steadily, and the engagement is through the roof! Thanks to all of you who've been sharing your lounge couture moments – it's like a virtual cozy community, and I'm here for it!

🛑 What's Not Working?

Every journey has its bumps, right? Well, we've faced some challenges with our supply chain, causing a slight delay in restocking some of your favorite pieces. I appreciate your patience, and I want to assure you that we're working hard to get everything back in stock ASAP.

🤔 How Do I Feel the Project is Coming?

Honestly, it's been a rollercoaster! The highs of positive customer reviews and the lows of unexpected challenges. But overall, I'm feeling incredibly grateful for the journey. We're learning, adapting, and growing, and that's what matters most.

📚 What Am I Learning About Running a Business?

Running a business is like a crash course in resilience. Every obstacle is an opportunity to learn and improve. I've learned the importance of adaptability, effective communication with our community, and the art of problem-solving. It's a constant learning curve, and I'm embracing every lesson.

🧠 What Am I Learning About Myself?

This journey has taught me that I thrive in challenges. I've discovered a passion for connecting with people through our shared love for comfort and style. It's empowering to see how a small idea can evolve into a brand that resonates with so many of you.

Thank you for being a part of this incredible journey. Your support means the world, and I can't wait to see what the next weeks bring for our lounge couture family!

Stay cozy, LoungeCouture

[mygstrefund]

Divi's Labs Faces Rs 82-Crore GST Demand, Plans Appeal

Pharma Giant Divi's Labs Faces Rs 82 Crore GST Demand Notice from Hyderabad Commissionerate, Including IGST and Penalties. Revealed on Nov 16.

Read Our Detailed article in the below link 👇- https://www.mygstrefund.com/DivisLabs-Faces-Rs82Crore-GSTDemand/

THANKS FOR READING!

We provide GST refund solutions for customers.

To know more please visit: www.mygstrefund.com Contact Us: - +91 9205005072 Mail- info@mygstrefund.com

[bookishpromotions]

Bookish Promotions' October 2023 newsletter.

[reviewminute]

Report suggests that the government may engage SFIO to investigate the auditor's resignation and alleged irregularities at Byju's edtech firm during the ongoing crisis.

In June, Deloitte Haskins and Sells resigned as the auditor for Byju’s, citing a delay in the submission of financial statements. Additionally, directors GV Ravishankar, Russell Dreisenstock, and Vivian Wu also stepped down from Byju’s board. According to a report in Mint, the Union Ministry of Corporate Affairs is considering the option of engaging the Serious Fraud Investigation Office (SFIO)…

[jame-s1]

Week 13 Update

What is Working? Our marketing efforts are paying off big time, and our team's dedication is shining bright. Customers are loving our service, and positive feedback keeps us smiling.

What is Not Working? Shipping logistics are still a puzzle we're piecing together. Making sure every package arrives on time and intact is our top priority, but we're on it!

How Do I Feel About the Project? Despite the challenges, I am pumped about what is ahead. We've come a long way, and I'm energized by our progress.

What Am I Learning About Running a Business? Flexibility, resilience, and putting customers first are key. Every day teaches me something new, and I am soaking it all in.

What Am I Learning About Myself? I am discovering my inner strength and embracing uncertainty with confidence. Turns out, I thrive in the chaos of entrepreneurship.

Thanks for being part of this journey.

[stock-tips-india]

[enterprisewired]

Citigroup Faces Investor Backlash as Fourth-Quarter Charges Exceed Previous Guidance

In a surprising turn of events, Citigroup issued a warning to investors on Wednesday, revealing that charges related to the devaluation of the Argentine peso and the bank’s ongoing reorganization efforts were significantly higher than initially disclosed by the Chief Financial Officer (CFO) just weeks ago.

Fourth-Quarter Results

Scheduled to release its fourth-quarter results on Friday, Citigroup disclosed that it had incurred $880 million in currency conversion losses due to the decline of the Argentine peso. Additionally, the bank reported $780 million in restructuring charges associated with CEO Jane Fraser’s corporate simplification project. These figures were notably higher than the “couple hundred million dollars” apiece that CFO Mark Mason had communicated to investors during a conference on December 6.

Veteran banking analyst Mike Mayo of Wells Fargo expressed concern, stating, “They gave guidance just a month ago, and now it’s several hundred million dollars higher for two categories. If your problem is credibility with investors, then you shouldn’t be doing this type of thing.”

As Citigroup gears up to report its fourth-quarter and full-year 2023 earnings, CEO Jane Fraser faces a critical moment amid the ongoing restructuring efforts aimed at transforming the bank into a leaner and more profitable entity. Over the past two decades, Citigroup has grappled with high expenses and eroding credibility, stemming from the underperformance of Fraser’s predecessors. This has left Citigroup as the least valued among the six largest U.S. banks.

Build The Reserves

In addition to the currency conversion and restructuring charges, Citigroup disclosed the need to build reserves by $1.3 billion due to its exposure to Argentina and Russia. Furthermore, the bank expects to post a $1.7 billion expense for a special Federal Deposit Insurance Corporation (FDIC) assessment linked to regional bank failures in 2023.

Analyst Mike Mayo predicts that these charges will result in a $1 per share loss in the fourth quarter. Despite his skepticism regarding the bank’s ability to achieve its targets, Mayo recommends Citigroup stock, asserting that it is undervalued and has the potential to double within three years.

Following the disclosure, Citigroup’s stock experienced a 1% dip in after-hours trading on Wednesday. While a Citigroup spokeswoman declined to comment on the shifting guidance, CFO Mark Mason emphasized, “While these items are meaningful for our 2023 results, we remain on track to meet the 2023 expense guidance (excluding FDIC and divestitures) and all of our medium-term targets. The items we disclosed today do not change our strategy.”

Read More: Banking Leaders Express Concerns Over Rising Geopolitical Uncertainty

[thequivernews]

Inverter AC and Non Inverter AC Difference Explained in Odia | THE Quiver

[shenessawright]

Lounge Couture Chronicles - A Glimpse into the Journey - week 9 business progress

Hey Tumblr fam!

I'm back with a dose of Lounge Couture updates – the brand that's not just about clothing; it's a lifestyle. Grab a cup of your favourite beverage and join me as we dive into the heart of the Lounge Couture journey.

What's Working? I'm beyond thrilled to share that our signature designs are making waves! Your love for Lounge Couture has been our greatest achievement. The positive reviews and growing customer base tell me that we're hitting the right chords in the world of chic and comfort.

What's Not Working? Let's keep it real – we've faced some challenges, especially in product management. But here's the silver lining – challenges are opportunities in disguise. We're using every hiccup as a stepping stone to refine and redefine what Lounge Couture stands for.

Project Progress The Lounge Couture dream is unfolding right before our eyes. Brace yourselves for a collection that speaks volumes. The brans is looking to indulge in a Christmas clothing launch.

Learning About Running a Business Running Lounge Couture has been a whirlwind of learning curves. From understanding market trends to perfecting the art of craftsmanship, every day brings a new lesson. It's a thrilling business journey, and we're soaking in every bit of knowledge.

Learning About Myself Lounge Couture isn't just about clothing; it's about self-discovery. I've found resilience, creativity, and a deep passion for creating clothing that resonate with style and comfort. It's as much a journey of personal growth as it is about business success.

Feelings About the Project How do I feel? It's a blend of excitement and determination. Lounge Couture is not just a brand; it's a movement. Your support fuels our passion, and we're committed to bringing you an experience that goes beyond the ordinary.

Closing this post with a massive thank you to the Lounge Couture family. Your enthusiasm keeps our creativity flowing. Stay tuned for more updates as we continue this incredible journey together.

Until next time,

Shenessa Wright

[powerixnews]

Kylie Jenner's SHOCKING New Look and Rumored Romance All the Latest Upda...Get all the juicy details about Kylie Jenner's rumored romance with Timothée Chalamet, her bold new pixie haircut, and her thriving business ventures. From her successful cosmetics line to her investment firm and upcoming 27th birthday, we've got the inside scoop. Plus, find out how Kylie is juggling motherhood and social media fame. #KylieJenner #TimothéeChalamet #KylieCosmetics #KylieSwim #CelebrityGossip #NewHaircut #RomanceRumors #BusinessUpdates  KylieJenner ,TimothéeChalamet ,KylieCosmetics ,KylieSwim ,CelebrityGossip ,NewHaircut ,RomanceRumors ,BusinessUpdates