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Costco shareholders stand firm on DEI
Costco shareholders have overwhelmingly rejected a proposal from the National Center for Public Policy Research (NCPPR) to assess the risks of its diversity, equity, and inclusion (DEI) hiring practices. The board argued that the proposal contradicted Costco’s “commitment to an enterprise rooted in respect,” with 98% of shareholders voting against it. The board emphasized that…
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Amazon pulls out of Quebec
Amazon is set to cease operations in Quebec, resulting in approximately 1,700 full-time job losses. The company will close seven sites in the province, which is notable for being the only location in Canada with unionized Amazon employees. Amazon spokesperson Barbara Agrait said: “Following a recent review of our Quebec operations, we’ve seen that returning…
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Federal DEI employees placed on paid leave amid White House upheaval
The White House has directed government agencies to prepare to terminate workers in diversity, equity and inclusion (DEI) roles, after ordering that all such workers be placed on paid leave by Wednesday evening. White House press secretary Karoline Leavitt issued a statement saying: “President Trump campaigned on ending the scourge of DEI from our federal…
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Commerzbank employees are worried about job cuts report
Reports that Germany’s Commerzbank is considering cutting thousands of jobs as it contends with an unwanted advance from Italy’s UniCredit have unsettled staff, a senior trade union official has said. Frederik Werning, a Verdi trade union official and a member of the supervisory board at Germany’s second-largest lender, said rumoured redundancies reported in the Financial…
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Former executive sues Tesla over remote work change
Mike Tully, a former Tesla executive, has filed a lawsuit against the company after claiming it reneged on a promise that his role would remain remote. Tully, who left Bank of America for Tesla, was assured by Associate General Counsel Charles Lee that relocation was not required. However, two months into his employment, Tully was…
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Global unemployment to hold steady at 5%, ILO says
The International Labour Organization (ILO) has said global unemployment remained steady last year at an historical low of 5%, where it is set to stay in 2025. However, the ILO said job creation would be limited by a global economic slowdown from 3.3% to around 3.2% last year, and a gradual medium-term deceleration. “The global…
