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	<title>wages &#8211; EFR Technology Group</title>
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	<title>wages &#8211; EFR Technology Group</title>
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		<title>Activision Blizzard reports a record quarter amid growing wage dispute</title>
		<link>https://www.efrtechgroup.com/tech/activision-blizzard-reports-a-record-quarter-amid-growing-wage-dispute/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Tue, 04 Aug 2020 21:41:21 +0000</pubDate>
				<category><![CDATA[activision blizzard]]></category>
		<category><![CDATA[blizzard]]></category>
		<category><![CDATA[bobby kotick]]></category>
		<category><![CDATA[Gaming]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[wages]]></category>
		<guid isPermaLink="false">https://www.efrtechgroup.com/activision-blizzard-reports-a-record-quarter-amid-growing-wage-dispute/</guid>

					<description><![CDATA[[ad_1] Activision Blizzard is facing growing pressure from employees and stockholders to address wage disparities at the company. CEO Bobby Kotick pulled in $40 million in compensation last year, while Blizzard employees such as testers and customer service representatives report struggling to meet basic needs, according to Bloomberg. In the company’s Q2 2020 financial report, [&#8230;]]]></description>
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<p>Activision Blizzard is facing growing pressure from employees and stockholders to address wage disparities at the company. CEO Bobby Kotick pulled in $40 million in compensation last year, while Blizzard employees such as testers and customer service representatives report struggling to meet basic needs, according to <a href="https://www.bloomberg.com/news/articles/2020-08-03/blizzard-workers-share-salaries-in-revolt-over-wage-disparities?srnd=technology-vp" target="_blank" rel="noopener noreferrer"><em>Bloomberg</em></a>.</p>
<p>In the company’s Q2 2020 financial report, CEO Bobby Kotick said, “Our record engagement resulted in greater revenue and earnings per share than previously forecast.”</p>
<p>Executives have used the word “record” to describe other positive periods in the company’s financial operations. Like in February 2019, when Kotick called the previous year “the best in our history,” even as Activision Blizzard was <a href="https://www.engadget.com/2019-02-12-activision-blizzard-layoffs-800-employees-record-2018.html">laying off 800 employees</a>, mainly in non-development and non-senior roles. In the wake of these layoffs, remaining employees did not receive additional pay for the extra work that fell to them, <em>Bloomberg</em> reported.</p>
<p>An internal Blizzard survey in 2019 found that more than 50 percent of employees were unhappy with their pay. On Friday, Blizzard employees circulated a spreadsheet to anonymously track and compare salaries and recent pay bumps, <em>Bloomberg</em> reported.</p>
<p>Kotick’s annual payout is tied to the company’s stock performance, a feature that has allowed him to earn significant amounts of money even when Activision Blizzard was enacting mass layoffs. At the company’s annual shareholder meeting, 43.2 percent of investors voted against its CEO pay policy, <a href="https://venturebeat.com/2020/06/29/how-activision-blizzard-ceo-bobby-kotick-is-dealing-with-the-pandemic-and-reopening/" target="_blank" rel="noopener noreferrer"><em>VentureBeat</em></a> reported. A handful of <a href="https://investor.activision.com/static-files/fe98377b-976f-433e-af66-41fc6f63d949" target="_blank" rel="noopener noreferrer">shareholder</a> <a href="http://sec.gov/Archives/edgar/data/718877/000137773920000037/activision20shltr.htm" target="_blank" rel="noopener noreferrer">activists</a> have filed letters objecting to Kotick’s pay structure. <a href="https://www.bloomberg.com/news/articles/2020-06-04/activision-ceo-s-30-million-pay-opposed-by-pro-labor-investor" target="_blank" rel="noopener noreferrer">In June</a>, a pro-labor investment group urged shareholders to oppose Kotick’s pay package as well. </p>
<p>In Activision Blizzard’s quarterly investor call today, Kotick and other executives repeated phrases of support for their employees, calling out their adaptability amid a global pandemic that has shifted personal priorities and business models alike. The pandemic has led to a significant period of growth for the video game industry, including Activision Blizzard. The company raised its net-revenue outlook for the year to $7.28 billion.</p>
<p>“The full extent of the impact of the COVID-19 pandemic on our business, operations, and financial results will depend on numerous evolving factors that we are not able to fully predict at this time, and we remain mindful of risks and uncertainties related to global economic weakness, rising unemployment, pressures on the retail channel, pricing and other potential factors,” the company’s financial report read.</p>
<p>Executives didn’t address any wage-disparity issues on today’s investor call, and shareholders didn’t ask about them.</p>
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<br /><a href="https://www.engadget.com/activision-blizzard-q2-2020-wage-dispute-employee-spreadsheet-214117321.html">Source link </a></p>
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		<title>Amazon will hire 100,000 workers to keep up with the surge in demand</title>
		<link>https://www.efrtechgroup.com/tech/amazon-will-hire-100000-workers-to-keep-up-with-the-surge-in-demand/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Mon, 16 Mar 2020 21:09:00 +0000</pubDate>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[coronavirus]]></category>
		<category><![CDATA[covid-19]]></category>
		<category><![CDATA[Delivery]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[hiring]]></category>
		<category><![CDATA[online shopping]]></category>
		<category><![CDATA[pay]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[Tech]]></category>
		<category><![CDATA[wages]]></category>
		<category><![CDATA[warehouse]]></category>
		<category><![CDATA[workers]]></category>
		<guid isPermaLink="false">https://www.efrtechgroup.com/amazon-will-hire-100000-workers-to-keep-up-with-the-surge-in-demand/</guid>

					<description><![CDATA[[ad_1] The company will increase pay for US workers by $2 per hour through the end of April. Those in the UK will see a £2 per hour increase, and Amazon will boost pay by approximately €2 per hour in many EU countries. The company says the pay bump represents an investment of over $350 [&#8230;]]]></description>
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<p>The company will increase pay for US workers by $2 per hour through the end of April. Those in the UK will see a £2 per hour increase, and Amazon will boost pay by approximately €2 per hour in many EU countries. The company says the pay bump represents an investment of over $350 million across the US, Europe and Canada.</p>
<p>Amazon is looking to fill both full- and part-time positions, and it says it&#8217;s happy to take anyone who has lost their job in the hospitality, food service and travel industries as a part of this crisis. &#8220;We want those people to know we welcome them on our teams until things return to normal and their past employer is able to bring them back,&#8221; Amazon <a href="https://blog.aboutamazon.com/operations/amazon-opening-100000-new-roles">wrote</a>.</p>
<p>As far as keeping its employees safe, Amazon says it has &#8220;taken measures to promote social distancing in the workplace&#8221; and ramped up cleaning. But it&#8217;s hard to say how much good that will do. Amazon doesn&#8217;t have the best track record for <a href="https://www.engadget.com/2019/11/25/amazon-injury-fulfillment-centers-report/">keeping its employees safe</a>, and <a href="https://www.technologyreview.com/s/615348/heres-how-long-the-coronavirus-can-stay-in-the-air-and-on-packages/">according to MIT</a>, the virus can live on a cardboard delivery box for at least a day.</p>
<p>Amazon is <a href="https://blog.aboutamazon.com/company-news/amazons-actions-to-help-employees-communities-and-customers-affected-by-covid-19">encouraging employees who can work from home</a> to do so, and all employees diagnosed with COVID-19 or placed into quarantine will receive up to two weeks of pay. Additional financial support may be available through the Amazon Relief Fund, which received an initial $25 million investment.</p>
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<br /><a href="https://www.engadget.com/2020/03/16/amazon-hiring-warehouse-delivery-workers/">Source link </a></p>
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