Nike plans to #layoff 740 employees at its Oregon headquarters before June 28, the company has told state officials. The company notified state and local officials about the #workforcereduction at its Beaverton, Oregon headquarters in a notice mandated by the Worker Adjustment and Retraining Notification Act on Friday. Two months ago, Nike CEO John Donahoe told employees in a memo of plans to reduce its workforce by about 2%, or more than 1,600 employees, The Wall Street Journal reported at the time. The company had about 83,700 employees as of May 31, 2023.
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Updates
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The Biden administration on Tuesday announced a new rule that would make millions of white-collar workers newly eligible for #overtimepay. Starting July 1, the rule would increase the threshold at which executive, administrative and professional employees are exempt from overtime pay to $43,888 from the current $35,568. That change would make an additional 1 million workers eligible to receive time-and-a-half wages for each hour they put in beyond a 40-hour week. While #hourlyworkers are generally entitled to overtime pay, #salariedworkers are not if they earn above a certain pay level and supervise other workers, use professional expertise or judgment or hire and fire workers, among other duties. The new standard could be legally challenged by industry groups. More on why 👇
New Biden rule would make 4 million white-collar workers eligible for overtime pay
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USA TODAY reposted this
From me for USA TODAY: A recall from Tesla allowed a rare look under the hood of the electric vehicle balance sheet. Nearly 4,000 Cybertrucks were recalled Wednesday over a defect with the accelerator causing it to get stuck when pressed, increasing the risk of crash. This covers all the trucks Tesla has sold since the vehicle reached market in November. This recall, unlike most that Tesla can fix with over-the-air updates, requires owners to bring their vehicles in for a physical repair. The company does not itemize the number of vehicles sold by model in its quarterly reports, meaning that the recall offered a rare glimpse into the sales volume of Tesla CEO Elon Musk's pet project. See how the Cybertruck ranks in the turbulent electric truck market:
4,000 Cybertrucks sold: Recall offers glimpse at Tesla's rank in rocky electric truck market
usatoday.com
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Ping! *Checks phone* The common practice can be deemed as an addiction that has captured many Americans. As a society we have ditched alarm clocks to wake us up or a notebook to write things down. When we get a new smartphone, those apps are already embedded within its interface. The dependence we have on a smartphone has grown exponentially over the past decade, too. Can you relate? Here are some tips that can help you break up with your cell phone. https://lnkd.in/e4FuJWRs
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2024 NFL Draft rumors: Quarterbacks, cornerbacks and trades dominate possibilities
2024 NFL Draft rumors: Quarterbacks, cornerbacks and trades dominate possibilities
usatoday.com
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Chicago White Sox at Minnesota Twins odds, picks and predictions
Chicago White Sox at Minnesota Twins odds, picks and predictions
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Happy Earth Day! Here's a refresher on what you can and can't throw in your recycling bin. #justcurious
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Meg Bennett, a writer and actress with a long career in soap operas including "The Young and the Restless" and "General Hospital," has died at 75.
Meg Bennett, actress who played Victor Newman's first wife on 'Young and the Restless,' dies at 75
usatoday.com
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A single public restroom in San Francisco is now open after countless jokes criticizing the project's price tag, once estimated at $1.7 million.
Once estimated to cost $1.7 million, San Francisco's long-mocked toilet is up and running
usatoday.com
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Michael Penix Jr. NFL draft projections, according to latest expert mock drafts
Michael Penix Jr. NFL draft projections, according to latest expert mock drafts
usatoday.com