[단독외신]Facebook gives employees $1,000 as it extends remote work to July 2021
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It’s looking like Big Tech isn’t going back to the office anytime soon. Facebook this week announced it will allow its employees to work from home until next July, following in the footsteps of Google, which has also told workers to stay home until summer 2021.
The social networking giant will also give employees $1,000 to expense things like office supplies and furniture.
“Based on guidance from health and government experts, as well as decisions drawn from our internal discussions about these matters, we are allowing employees to continue voluntarily working from home until July 2021,” a Facebook spokesperson said in a statement.
The company added that it will reopen offices where it is able to, but said it does not expect to see a significant return to the office in the US or Latin America in 2020.
Chief executive Mark Zuckerberg in May said he thinks half of Facebook’s employeescould be working remotely within the next five to 10 years. The company is already allowing certain employees to work from home on a full-time basis.
Facebook workers who relocate permanently may have their pay adjusted accordingly, however, given that Silicon Valley’s sky-high rental prices are a factor in the company’s generous compensation packages.
“We’ll adjust salary to your location at that point,” Zuckerberg said, adding that the tweak would be necessary for taxes and accounting. “There’ll be severe ramifications for people who are not honest about this.”
Twitter also announced in May that employees would eventually be allowed to work from home indefinitely.
[단독외신] Goldman Sachs restates quarterly earnings on 1MDB settlement
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Goldman Sachs on Friday lowered its previously stated quarterly earnings as the bank set aside more money to pay for its settlement with the Malaysian government over the multi-billion-dollar 1MDB scandal.
Goldman lowered its net earnings applicable to common shareholders to $197 million from $2.25 billion, in a filing published Friday.
The revised earnings reflect a larger-than-previously-announced provision for legal and regulatory costs due to a $3.9-billion settlement the bank reached with the Malaysian government.
The bank said it set aside $2.96 billion in the second quarter for legal and regulatory costs, up from the $945 million Goldman said it set aside on July 15 during its second-quarter earnings announcement.
The bank’s stock was up 0.2 percent in early afternoon trading on Friday.
On July 24, Goldman agreed to pay the Malaysian government $2.5 billion cash and return at least $1.4 billion in proceeds from assets linked to sovereign wealth fund 1Malaysia Development Bhd (1MDB), in exchange for Malaysia dropping all criminal charges against the bank.
US and Malaysian authorities estimate $4.5 billion was stolen from the fund between 2009 and 2014. Goldman helped the fund raise $6.5 billion in two bond offerings, earning itself $600 million in fees, according to the US Department of Justice.
Goldman faces a separate investigation by the DOJ, which is reportedly looking at whether the bank violated the US Foreign Corrupt Practices Act, which bars US companies from paying foreign government officials for help in getting or keeping business.
While it remains unclear if the bank’s reserves could cover another settlement, the DOJ has pledged in recent years to consider parallel settlements when calculating corporate penalties. A source told Reuters in December that Goldman was in talks with U.S. officials to possibly pay up to $2 billion to resolve the investigation.
[단독외신] Delta wants at least 3,000 flight attendants to take unpaid leave
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Delta Air Lines will need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of four to 12 months, or consider other options, to avoid involuntary furloughs, a person with knowledge of the matter said Friday.
Airlines are suffering their worst crisis in history due to the coronavirus pandemic, which decimated air travel demand and crushed the US economy in the second quarter.
The fallout has put tens of thousands of airline jobs at risk as carriers warn an industry recovery could take years.
Atlanta-based Delta last month reported a 91 percent plunge in second-quarter revenue and a $3.9 billion adjusted pre-tax loss.
Delta would need at least 3,000 of its roughly 20,000 flight attendants to take unpaid leave of up to 12 months, among other options outlined in a memo reported earlier by CNBC.
A person with direct knowledge of the matter confirmed the contents of the memo to Reuters. A representative for Delta did not immediately respond to a Reuters request for comment.
Delta told pilots last month it would avoid furloughs if they agreed to reduced guaranteed minimum pay.
More than 17,000 workers at Delta, which had more than 91,000 employees in 2019, are taking voluntary departure packages, including more than 1,700 of 7,900 pilots, Reuters reported last month.
[단독외신] Twitter eyeing purchase of TikTok’s US operations
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Move over Microsoft — Twitter is joining the tech giant in pursuing the purchase of TikTok’s US operations after President Trump set a fall deadline for the video-sharing platform to strike a deal with an American company.
Twitter approached TikTok’s Beijing-based parent company, ByteDance, to express interest in an acquisition, two sources told Reuters.
The White House sparked the buying frenzy by flagging TikTok as a security threat because of its Chinese headquarters.
President Trump has signed an executive order that would ban TikTok from operating in the country if a deal with an American company isn’t struck by Sept. 20.
Trump and others in his administration have questioned the safety of the personal data collected by the Chinese company as tensions between the two countries rise.
ByteDance has insisted it has never provided TikTok user data to China and that it would not do so if asked.
The company’s CEO, Zhang Yiming, has expressed frustration over the U.S. forcing a sale, calling the timeframe “unreasonable” in an email to employees earlier this week.
The company threatened legal action Friday after Trump signed the executive order.
“For nearly a year, we have sought to engage with the U.S. government in good faith to provide a constructive solution to the concerns that have been expressed,” the company stated in an unsigned blog post.
“What we encountered instead was that the Administration paid no attention to facts, dictated terms of an agreement without going through standard legal processes, and tried to insert itself into negotiations between private businesses,” the company said.
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