Bankrupt Crypto Lender BlockFi Goes to Court – To Prove it Should Be Able to Pay Employee Bonuses

by Brennan Zagami | Jan 30, 2023 | Comp News | 0 comments

COMP NEWS – BlockFi, a crypto lender company that went bankrupt in the wake of the now famous collapse of crypto exchange FTX, went to court over employee compensation last week. But the troubled company wasn’t there to fight against giving out due...

Spotify Is Laying Off 6 Percent of Its Global Workforce, CEO announces

by Brennan Zagami | Jan 27, 2023 | Comp News | 0 comments

COMP NEWS – Spotify is laying off 6 percent of its global workforce, according to the company’s CEO. Affected staff will reportedly receive an average of five months’ severance. Spotify will lay off 6 percent of its workforce globally, the company’s...

Southwest Airlines to Pay $45M Bonuses to Staff Who Worked During Christmas Meltdown

by Brennan Zagami | Jan 26, 2023 | Comp News | 0 comments

COMP NEWS – Southwest Airlines announced its intentions to pay $45 million in bonuses to pilots and flight attendants who worked through the organization’s catastrophic shutdown of over 16,000 holiday flights last month. Amid continued fallout from its...

U.S. Workers’ Satisfaction With Job Safety Rises, Satisfaction With Pay & Benefits Remains Low

by Brennan Zagami | Jan 25, 2023 | Comp News | 0 comments

COMP NEWS – A new Gallop poll indicates that U.S. workers are more satisfied with safety regulations on the job, even in the wake of rising COVID cases. However, U.S. workers’ dissatisfaction with pay and benefits remains a key issue across industries. One...

Mercedes-Benz Rewards Almost 100,000 Staff With Profit-Sharing Bonus

by Brennan Zagami | Jan 24, 2023 | Comp News | 0 comments

COMP NEWS – Mercedes-Benz is giving employees its largest profit-sharing bonus ever – €7,300 to almost 100,000 employees eligible for the bonus this year. Mercedes-Benz will be granting employees a record bonus of €7,300 following a stellar year for the...