Sam’s Club Boosts Starting Wage to $15 an Hour
Brendan Case, Bloomberg
Sam’s Club is boosting its starting wage to $15 an hour as of Sept. 25, joining a rush by retailers to increase pay in a tight labor market.
Amazon plans to hire another 125,000 employees, paying them an average of $18 per hour
Samantha Subin, CNBC
The roles come in addition to the 40,000 corporate and tech jobs the company said it was hiring for earlier this month.
Wells Fargo Pushes Back Return-to-Office Date Again to Nov. 1
Hannah Levitt, Bloomberg
The firm, which has the biggest workforce of any U.S. bank, will now begin bringing back employees who have been working remotely starting Nov. 1, according to an internal memo Tuesday from Chief Operating Officer Scott Powell.
Biden to Meet With Top Executives on Covid-19 Vaccine Mandate
Sabrina Siddiqui, The Wall Street Journal
Microsoft, Walgreens and others are expected to give their input after president announced plan to contain pandemic.
How Delta Air Lines mandated employee vaccinations without losing workers
Courtney Vinopal, Quartz
US president Joe Biden’s Sept. 9 order directing companies with more than 100 workers to require Covid-19 vaccinations or weekly testing has caused concern among some business owners, who worry workers will quit as a result of the mandate.
Casper cuts its CMO, CTO and COO amid further layoffs
Natasha Mascarenhas, TechCrunch
Casper has laid off dozens of employees, including three C-Level executives: its chief marketing officer, chief technology officer and chief operating officer, sources say. The mattress company declined to comment.
Warburg Pincus-backed firm buys Odwalla brand from Coca-Cola
Krystal Hu, Reuters
Full Sail IP Partners, a Warburg Pincus-backed investment firm that acquires brands, told Reuters it has bought the rights to Odwalla from Coca-Cola Co in a bid to revive the juice and smoothie label that the soft drinks giant discontinued last year.
Groceries nationwide in 30 minutes? Instacart and Kroger say yes
Zlati Meyer, Fast Company
Breakfast cereal and a package of raw chicken can be at your door in as little as 30 minutes, according to a new grocery delivery service unveiled yesterday.
Regulators across the US are targeting the food delivery industry
Michelle Cheng, Quartz
Recently, New York City and San Francisco placed permanent fee caps over how much third-party delivery services could charge restaurants.
Robinhood Is Going on a College Tour to Recruit New Customers
Peter Rudegeair and Caitlin McCabe, The Wall Street Journal
The app criticized for gamifying trading is kicking off a nationwide push to court students, including a shot at a $20,000 prize.
EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup
Michael Wayland, CNBC
EV start-up Rivian is the first automaker to bring an electric pickup to the consumer market, beating Tesla, General Motors and others in what’s expected to be a hotly contested segment in the years ahead.