Newsroom at The New York Times. (Jonathan Torgovnik/Getty Images)
More than 1,000 staffers at The New York Times are staging a one-day strike today for the first time in more than four decades amid stalled pay and benefits negotiations between the company and The NewsGuild. "We will produce a robust report on Thursday. But it will be harder than usual," Executive Editor Joseph Kahn stated in a staff memo. Full Story: The Wall Street Journal (12/8),CNBC (12/8)
Morgan Stanley shrinks workforce with 1,600 job cuts Morgan Stanley announced a 2% reduction in its workforce Tuesday, slashing about 1,600 jobs. Morgan Stanley is the latest major bank to slim its workforce recently, with Citigroup, Credit Suisse and Barclays previously making job cuts and others signaling workforce reductions are likely as the economy slows. Full Story: Banking Dive (12/7),CNBC (12/6)
Helping workers who are also caregivers Employers, here's a way to show your support for workers who are also family caregivers. The on-demand Prepare to Care Workshop offers tips and resources and can make caring for a loved one more manageable. Ask your employees to register today.
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18M Americans may be dropped from Medicaid post-PHE A report by the Urban Institute estimates that 18 million people may lose their Medicaid coverage, and 4 million may end up uninsured, once the COVID-19 public health emergency comes to an end and states must redetermine eligibility for the program. HHS released an earlier statement estimating that 15 million could lose coverage. Full Story: Fierce Healthcare (12/7)
Technology
Salesforce's Benioff says goodbye to another co-CEO Bret Taylor, co-CEO at Salesforce with co-founder and Chairman Marc Benioff, is leaving the company Jan. 31 amid what sources describe as escalating tensions between the pair who had differing views of how the company should be run. Benioff once again will take sole leadership of the company, and the move is the second time in less than three years that a co-CEO has exited. Full Story: The Wall Street Journal (12/7)
The HR Leader
Are you stalled, stuck or stale in your leadership? Leaders can judge where they are at any given moment by asking this question: "Am I on my heels, standing still or leaning forward?" writes Steve McKee. Paradoxically, you may be in one or all three states at the same time in different areas of leadership, but McKee writes that it's important to find even the smallest way to move forward because "nobody will follow a leader who's standing still." Full Story: SmartBrief/Leadership (12/7)
SmartBreak: Question of the Day
POLL QUESTION: Who was Mexican muralist Diego Rivera, born this day in 1886, once married to? Check your answer in Rivera's bio.
Joseph was playing out of his mind. Over and over, he was nailing threes -- from anywhere on the line. From the corners. At the top of the arc. From two feet behind the line on the side. He was unstoppable. Coach Ray couldn’t stop beaming. “It’s just so pretty,” he laughed, fist-bumping his quiet two guard as he came out of the game for a rest. Joseph took a swig of his water then sat back to watch his teammates dominate the court. I asked Ray about Joseph’s shooting after the game. “What happened to that kid?” I asked. Joseph works hard but hadn’t been nearly as skilled last season. Something had changed. “We fixed his shot,” Ray said. Joseph’s posture had been off, in particular his shoulders and feet, Ray explained. “He needs to be on the balls of his feet,” Ray said. “If his feet are flat, he doesn’t get lift or power. Even free-throw shooters end the shot on the balls of their feet.” Steve McKee makes a similar statement in his story today about using heuristics as a leadership device. “The most productive state in which to operate is leaning forward. Moving ahead. Taking ground,” he writes. He offers advice for those times when we’re flat-footed or stalled. Find your center of gravity and stabilize, he says -- take a deep breath, excuse yourself from a conversation, collect yourself. And then get moving, he urges. “[F]ind a way to get in motion, even if you’re not sure the exact direction in which to head. Start as small as you need to but get moving,” he writes. Progress happens on the balls of our feet. It causes us to lean forward and move with power. It builds strength. And it allows us to be nimble so we can pivot and change direction swiftly if needed. How can I serve you better with this brief? Let me know! And if you enjoy this brief, tell others so they can benefit also.
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You're right, Big Bird. It'll never be the same around here without him. But you know something? We can all be very happy that we had a chance to be with him and to know him and to love him a lot when he was here.
