Originally Published 19 days ago — by About Schwab
Charles Schwab announced it will match the U.S. government's $1,000 contribution to eligible newborn children of its employees, supporting early financial security and literacy for the next generation through the 'Trump Accounts' program.
Texas Roadhouse will close all 736 locations on Christmas Day 2025 to allow staff to celebrate with their families, continuing its tradition of closing on major holidays to give employees time off, while most locations will have reduced hours on Christmas Eve.
Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a labor contract is finalized, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant improvements and the company emphasizing its current offerings.
Starbucks union workers plan to strike on November 13 at at least 25 U.S. stores unless a new labor contract is agreed upon, amid ongoing disputes over pay, benefits, and working conditions, with the union demanding significant pay increases and changes to store operations.
Google requires US employees seeking health benefits to opt into a third-party AI tool called Nayya, which accesses their health data; refusal results in loss of benefits, raising privacy concerns among staff.
Starbucks announced the closure of over 100 stores across North America, resulting in layoffs for retail and non-retail staff. Laid-off employees received severance packages including pay for 60 to 84 hours, a lump sum for health insurance, and some accrued vacation pay, as part of the company's efforts to support affected staff amid its store turnaround plan.
NBCUniversal is requiring hybrid employees in the US and UK to return to the office four days a week in 2026 or accept a severance package offering eight weeks of pay, continued healthcare for three months, and full bonus eligibility, with the offer available to VP level or below employees who are willing to transition out by the end of the year.
H.R. 1, enacted on July 4, 2025, introduces significant changes to tax rates, deductions, and employee benefits, including permanent tax rate adjustments, a temporary increase in the SALT deduction cap, new deductions for tips and overtime, and enhancements to childcare and paid leave credits, with some provisions retroactive to January 1, 2025.
The article discusses recent developments in student loan debt collection, including wage garnishments by the Trump administration, and explores how employers can support employees with student debt through benefits like retirement match contributions, PTO exchanges, financial counseling, and educational assistance programs, which could help improve financial wellbeing and reduce stress.
A growing number of employers are adopting Individual Coverage Health Reimbursement Arrangements (ICHRAs), which give workers money to buy their own health insurance instead of traditional group plans, offering more flexibility and predictability for small businesses but shifting the insurance shopping burden to employees.
Netflix is reportedly scaling back its previously generous unlimited parental leave policy, which allowed employees to take up to a year off after the birth or adoption of a child. The company has removed specific guidelines from its culture memo, leading to concerns among employees about the clarity and security of taking extended leave. While Netflix maintains that its policy remains flexible, some employees have expressed concerns about layoffs targeting those on or returning from parental leave.
Netflix is reportedly scaling back its previously generous unlimited parental leave policy, which allowed employees to take up to a year off after the birth or adoption of a child. The company has removed specific guidelines from its culture memo, leading to concerns among employees about the clarity and security of taking extended leave. While Netflix maintains that its policy remains flexible, some employees have expressed unease, citing layoffs and ambiguous language as factors impacting their comfort in utilizing the leave.
Walmart will close all its U.S. stores on Thanksgiving Day 2024, continuing a trend it started during the COVID-19 pandemic. This decision aligns with other major retailers like Target and Costco. Walmart's U.S. sales have increased by 5% year-over-year, prompting the company to raise its fiscal 2025 sales expectations. The retailer will reopen on Black Friday at 6 a.m. and has recently increased wages and bonuses for its employees.
Major corporations like Disney and Amazon are facing backlash for mandating a return to office, as remote work has become a valued employee benefit. The article argues that forcing employees back to the office is a mistake, as remote work offers flexibility, improved mental health, and competitive advantage. It suggests that companies should allow managers to decide on work arrangements, focusing on results rather than location.
Intel has resolved its "Coffee Debacle" by reinstating free coffee for employees, despite the $100 million annual cost, amidst ongoing layoffs. The company is also set to release its Battlemage GPUs ahead of competitors AMD and Nvidia. Meanwhile, Catalyst Capital Advisors significantly increased its Intel stock holdings, though analysts maintain a Hold consensus on the stock, which has seen a nearly 30% decline over the past year.