What else matters this week?
A new age of decadence in dawning in the luxury sector, despite the looming recession.
OECD: Central banks must keep hiking.
Credit Suisse forecasts $1.6bn loss as wealthy clients withdraw funds.
OPEC+ mulls increasing oil output.
How to address the needs of working women.
Europe to be hit hardest in global slowdown.
And, are you already dreading your next Monday? History shows humans have long had a case of the Mondays.
We’ve got a full breakdown of all the top headlines you can’t miss this week.
#1. Work hard or leave, Elon Musk tells Twitter staff.
It’s been a rough couple of weeks for Twitter. And last week, it got a little more difficult when Elon Musk told remaining Twitter employees to agree to work harder, for longer, or leave the company. The email to employees had the subject line “A Fork in the Road.” The note proceeded to outline how Twitter needed to boost subscriptions and stressed the importance of engineers in “building a breakthrough Twitter 2.0.”
Those who didn’t sign up within a matter of days would be given three months’ severance pay. However, it’s unclear whether Musk can dismiss people as such in Europe, given the stricter labor laws. Read more at the BBC.
#2. Workers in Belgium can now switch to a four-day work week – but there’s a catch.
Workers in Begium can now switch to a four-day work week – but if they do switch to this new model of working, they won’t actually be working any less. The regulation, which came into effect this month, means that workers have to work the same amount of hours across the week. This new law makes Belgium the first country in the EU – and only the third in the world – to formally introduce the new style of working for its workers. Read more here.
#3. In come the robots at Amazon
Amazon is going to unleash a fleet of robots to help cut down on package processing time. The eCommerce giant has long faced heightened demand for fast shipping, and it delivers 13 million packages daily. These robots would replace workers with demanding and repetitive tasks and instead upskill them to new roles in software engineering, for example. Some of the staff have opted to move into apprenticeship roles. Read more at Axios.
#4. How important are swanky offices?
Work from home has become commonplace over the past several years, but some companies still want to provide workers swanky and plush offices. Google, for example, is renowned for having wacky and innovative offices – and they have recently opened a new campus in California that encompasses three vast “hangars” with adjustable internal spaces. Read more at Bloomberg.
#5. The British spy agency seeking neurodiverse workers.
British spy agency GCHQ, known for its counter-terrorism work, and manufacturer BAE Systems are actively looking to hire neurodivergent women. Neurodiverse workers are increasingly seen as a strength for employers, and these companies are now actively recruiting neurodivergent women to fill what they consider an industry gap. Read more here.