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List of All Articles with Tag 'p'

Elon Musk calls working from home ‘morally wrong’
Elon Musk calls working from home ‘morally wrong’
Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic
2023-05-17 13:54
UBS says it was rushed into unwanted Credit Suisse rescue merger
UBS says it was rushed into unwanted Credit Suisse rescue merger
By Kane Wu HONG KONG UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG
2023-05-17 13:53
Australian gold miner Newcrest backs Newmont's $17.8 billion offer
Australian gold miner Newcrest backs Newmont's $17.8 billion offer
Australian gold miner Newcrest Mining said on Monday it would back Newmont A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year.
2023-05-17 13:52
U.S. debt drama and data hoist dollar
U.S. debt drama and data hoist dollar
By Tom Westbrook SINGAPORE The dollar held firm on Wednesday, as traders trimmed bets on imminent U.S. rate
2023-05-17 13:49
'What I promised': Greek PM touts economy in re-election bid
'What I promised': Greek PM touts economy in re-election bid
To build a successful company in Greece, the CEO of the popular ship tracking firm MarineTraffic says he does not...
2023-05-17 13:45
Siemens raises full year outlook after Q2 sales beats forecasts
Siemens raises full year outlook after Q2 sales beats forecasts
By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and
2023-05-17 13:29
Commerzbank doubles quarterly profit, helped by higher interest rates
Commerzbank doubles quarterly profit, helped by higher interest rates
FRANKFURT Germany's Commerzbank said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result
2023-05-17 13:27
India Set for LNG Deal-Making Rush in Win for Modi’s Gas Push
India Set for LNG Deal-Making Rush in Win for Modi’s Gas Push
India’s liquefied natural gas buyers are seeking decades-long supply deals to protect them from price surges, a move
2023-05-17 13:26
Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets
Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets
(Reuters) -Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a "stalking horse" agreement with Stratolaunch to
2023-05-17 13:24
Black Californians hope state reparations don't become another broken promise
Black Californians hope state reparations don't become another broken promise
California’s first-in-the-nation Black reparations task force is nearing the end of its historic work with a hefty list of recommendations for lawmakers to consider turning into action
2023-05-17 13:23
Dispute centered around redevelopment of historic Tokyo park, iconic stadiums
Dispute centered around redevelopment of historic Tokyo park, iconic stadiums
Building new sports facilities is at the heart of a disputed plan to makeover one of Tokyo's most beloved park areas
2023-05-17 13:17
Microsoft CEO Says Smaller Companies Can Still Compete in AI
Microsoft CEO Says Smaller Companies Can Still Compete in AI
Technology giants Microsoft Corp. and Alphabet Inc. may be leading the development of artificial intelligence, but there is
2023-05-17 12:58
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