Anticipating US downturn, Elon Musk details Tesla staff cuts

Anticipating US downturn, Elon Musk details Tesla staff cuts

Tesla CEO Elon Musk said there were unresolved issues with the Twitter deal, including the debt portion of the deal and the number of spam users.ALY SONG/Reuters Elon Musk, CEO of Tesla, said a 10% cut in salaried staff at the electric car maker will happen over three months, as the world’s richest man predicted … Read more

Mélanie Joly’s office missed e-mail alerting them to Russian embassy party

Mélanie Joly’s office missed e-mail alerting them to Russian embassy party

Foreign Minister Melanie Joly speaks at a US-Mexico-Canada trilateral meeting on the sidelines of the 9th Summit of the Americas in Los Angeles on June 10.FREDERIC J. BROWN/AFP/Getty Images Foreign Affairs Minister Mélanie Joly’s office staff did not read an e-mail that said her department was sending a representative to a Russian embassy party – … Read more

CIBC and Scotiabank to boost base salaries for majority of staff, matching rival banks

CIBC and Scotiabank to boost base salaries for majority of staff, matching rival banks

Canadian Imperial Bank of Commerce CM-T and Scotiabank BNS-T are matching moves at rival banks by raising base salaries for a majority of employees by 3 per cent. CIBC is also boosting its minimum wage paid to entry-level staff. The increase to base salaries for employees at the lower end of CIBC’s pay grade will … Read more

Some restaurants are abandoning tipping in favor of paying their staff higher wages

Some restaurants are abandoning tipping in favor of paying their staff higher wages

Owner Devinder Chaudhary and server Robert Lamieux at Aiana Restaurant Collective in Ottawa on May 30.Spencer Colby/The Globe and Mail Chris Locke was surprised when he was given the option to tip on a recent purchase at a cannabis store. As the executive chef at Marben, a downtown Toronto mainstay, tipping had been on the … Read more

Four of Canada’s Big Five banks move away from mandatory COVID-19 vaccine policy

Four of Canada’s Big Five banks move away from mandatory COVID-19 vaccine policy

As public health restrictions, such as gathering limits, masking and vaccine mandates across provinces have eased, banks appear to be changing their policies accordingly.Carlos Osorio/Reuters Nine months after imposing them, four of Canada’s Big Five banks have suspended or removed mandatory vaccine requirements for staff, amid the broader lifting of COVID-19 restrictions across the country. … Read more

US gains 428,000 jobs in April and wages rise again — but labor force shrinks

US gains 428,000 jobs in April and wages rise again — but labor force shrinks

The numbers: The US added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens to add to the highest inflation in 40 years. Economists polled by The Wall Street Journal had forecast 400,000 new jobs. The unemployment rate was unchanged at 3.6%, the government said … Read more

Canopy Growth laying off 250 staff in plan to cut up to $150-million in costs

Canopy Growth laying off 250 staff in plan to cut up to 0-million in costs

Cannabis producer Canopy Growth Corp. WEED-T is laying off 250 people, about a 10th of its staff, in a cost-cutting plan to save the company $100-million to $150-million within 12 to 18 months in order to reach profitability. The layoffs are not tied to a specific facility closing, but rather a reorganization of team structures, … Read more

Intraparty war in Alberta Premier Kenney’s UCP sees Twitter fight over clown image

Intraparty war in Alberta Premier Kenney’s UCP sees Twitter fight over clown image

Alberta Premier Jason Kenney provides details on sustainable helicopter air ambulance funding in Calgary on Friday, March 25, 2022.Jeff McIntosh/The Canadian Press An internal fight plaguing Alberta’s governing party has taken a new twist with one of Premier Jason Kenney’s senior political staffers comparing Kenney’s backbench critics to clowns. Bryan Rogers, chief of staff to … Read more

Most TD Bank employees to get 3% pay raise, cash bonuses

Most TD Bank employees to get 3% pay raise, cash bonuses

In July, Toronto-Dominion Bank will raise base pay by 3 per cent for employees below its executive ranks, as well as associate vice-presidents and district vice-presidents, which are junior executive roles, according to an internal memo.Andrew Vaughan/The Canadian Press Toronto-Dominion Bank is giving a 3-per-cent pay raise to most of its non-executive employees and $1,500 … Read more

Starbucks CEO Howard Schultz has history of opposing unions

Starbucks CEO Howard Schultz has history of opposing unions

A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Pictures | light rocket | Getty Images Howard Schultz’s first week back at the helm of Starbucks ended with seven more company-owned cafes unionizing, bringing the … Read more