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China Orders Pay Cap At State-Owned Financial Firms, Risking Attrition To Private Sector

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Both state-owned and private financial firms have since proactively lowered salaries and bonuses and discouraged the show of wealth such as by asking staff to avoid wearing expensive clothes and watches. Some senior executives at subsidiaries currently earn as much as 5 million yuan, stock exchange filings showed.

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Zoom Terminates Its President

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In February, Zoom drastically cut their workforce by 15%, laying off over a thousand employees. Last month Zoom CEO, Eric Yuan, also dropped his salary by 98% (a pay cut of $490,000) and waved his 2023 bonus.

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Apple Faces Major Gender Pay Discrimination Lawsuit

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The lawsuit, filed in California state court, seeks to represent more than 12,000 current and former female employees in Apple’s engineering, marketing, and AppleCare divisions. Even after California outlawed this practice, Apple reportedly continued to entrench these disparities by asking for salary expectations instead.

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Raytheon Hit With Class Action Over Age Discrimination in Hiring Practices

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A class action lawsuit has been filed against RTX Corporation, previously known as Raytheon Technologies, for allegedly discriminating against job seekers aged 40 and older. These positions, although entry-level, offer salaries exceeding $100,000. The suit, brought by the AARP Foundation and two law firms in the U.S.

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Twitter Faces Second $500M Lawsuit Over Severance Pay Amidst Allegations of Age Discrimination

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The news follows the 2022 acquisition of the social media giant by Elon Musk. The class action suit was filed in Delaware federal court by Chris Woodfield, a former senior engineer at Twitter, who alleges that the company specifically targeted older workers for layoffs.

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Here's How Much Google Software Engineers, Product Managers, and Data Scientists Make in a Year

Entrepreneur.com

New federal filings show how much Google compensates employees in base salary, in roles ranging from product manager to engineer. How much do Google software engineers make?

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SEP IRA: What You Need to Know About This Retirement Plan Option

Success

Unlike other retirement plan options, there are no filing requirements or expensive fees to maintain a SEP IRA. Employers must make the same contributions, by percentage of salary, to each eligible employee’s account, including themselves. How does a Simplified Employee Pension plan work?