December 10, 2021 - Google execs tell employees they won't raise pay to match inflation

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From the Editor's Desk What CIOs need from their CEOs and boards to make IT digital ready | McKinsey As any CIO or tech leader can tell you, transforming IT and modernizing a business's technology estate is a significant challenge. Making matters worse, many CEOs and board members still cast a jaundiced eye on large tech projects, which have traditionally run over budget and delivered below expectations. Unfortunately, this mindset undermines the support CIOs need to successfully drive their tech transformations. To understand how CEOs and board members can better support their tech leaders, we spoke with about 120 senior tech leaders and 30 senior business executives over the past 18 months. These detailed interviews provided a range of insights, but these five, in particular, highlight the best measures CEOs and boards can take to provide CIOs with the support they need: Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work Google execs tell employees they won't raise pay to match inflation Google executives nixed the idea of raising employee pay companywide to address inflation at an all-hands meeting on Tuesday. Work CDC chief says Omicron is 'mild' as early data comes in on US spread of variant | Coronavirus | The Guardian Agency is working on detailed analysis of what the new mutant form of the coronavirus might hold for the US � � Work Why the next big entrepreneur must come from climate tech It is a financial and a moral imperative to make climate technology, together with medicine, the main priority of humanity. Work How to acquire customer research that shapes your go-to-market strategy Before you can hire a full-time marketer, you must first get to know your potential customer and what is going on in their life that will ultimately trigger them into using you. You Might Like � � � Work China Evergrande Has Defaulted on Its Debt, Fitch Says A ratings agency's declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing. Work How the AWS outage wreaked havoc across the U.S. Amazon's cloud-computing arm was hit with an outage that lasted almost all day Tuesday, knocking offline many web-connected devices and popular sites. � Work New York City gives noncitizens right to vote in local elections New York City on Thursday became the largest municipality in the US to allow noncitizens to vote in local elections Work After AWS outage, Larry Ellison says Oracle's cloud never 'goes down' Oracle Chairman Larry Ellison used the end of the quarterly earnings call to tout his company's cloud in light of a major Amazon Web Services outage. 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Work Truck crash in Mexico kills at least 53 people and injures 54 The victims appeared to be immigrants from Central America, though their nationalities had not yet been confirmed. � Work Americans Break Record for Money Won in Single Year—$44 Billion, Gaming Industry Says "The industry is in a strong position for a full recovery," said American Gaming Association President and CEO Bill Miller. Work Trump loses appeal to block Jan. 6 Capitol riot probe from getting records The riot-probe decision came one day after Trump's former White House chief of staff Mark Meadows sued the Jan. 6 select committee over two federal subpoenas. � Work Bob Dole Was a 'Linchpin' in Passing the Americans With Disabilities Act As a senator with a disability, Mr. Dole, who died this week, used his bipartisan influence to support a landmark law that held deep personal significance. Work Biden's Democracy Summit Convenes as U.S. Hits a 'Rough Patch' The president kicked off his summit as critics questioned the guest list and whether the United States could be an effective advocate for democracy amid problems at home. � Work American Airlines to Cut International Flights Over Boeing 787 Delays The carrier was expecting 13 Dreamliners this winter, but Boeing has delayed those deliveries, the latest sign that it is struggling to overcome problems that have eroded its credibility. Work 1 in 5 Americans are saving less for retirement due to Covid The pandemic set some retirement savers back. Still, others have been able to put even more money aside. Work Dimensional Fund Advisors' co-CEO on new fixed income, equity ETFs Mutual fund player Dimensional Fund Advisors sees significant client demand for new exchange-traded funds, co-CEO Gerard O'Reilly says. Work Opinion: The infectious disease expert who warned us 800,000 Americans would die of Covid-19 Peter Bergen interviewed infectious disease expert and professor at the University of Minnesota, Michael Osterholm, who predicted in April 2020 that 800,000 Americans would die of Covid-19 within 18 months. Now, with over 790,000 Americans dead, Osterholm talks to Bergen about what lies ahead for the country and the world as we get close to two years battling pandemic. Work Met Museum Removes Sackler Name From Wing Over Opioid Ties The museum and the Sackler family announced that the name would be removed from seven exhibition spaces, including the wing that houses the Temple of Dendur. Work Ken Jennings and Mayim Bialik to Share 'Jeopardy!' Hosting Duties The long-running quiz show decided to keep the hosts into its 38th season in 2022, putting an end, at least for now, to speculation and drama around the job. 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Work U.S. to Bar Investment in Chinese AI Giant, Considers Banning Key Exports to Top Chip Maker The focus on SenseTime and Semiconductor Manufacturing International Corp. is part of a broader Biden administration effort against China's tech firms. Work Web creator Tim Berners-Lee's startup Inrupt raises $30 million Tim Berners-Lee's startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. Forte Ventures led Inrupt's new round, the two said Thursday, but both declined to disclose the size of the deal. The round saw participation from "all exis… Work Officely raises $2M to help hybrid teams coordinate office time right in Slack So your company is going WFH/Office hybrid. Great! Working from home more rules, even if management decisions or the specifics of your role mean it can't happen every day. Now, how do you coordinate who goes in the office and when? Does it have to be the same day(s) every week? Do you just pi… Work 3 disruptive trends that will shape marketing in 2022 As we wrap the year, it's become clear that "normal" is a thing of the past. This is a reality growth marketers live in everyday. What worked yesterday may not work today and likely won't tomorrow. Work Deed raises $10M for its workplace giving platform As I wrote earlier this year, Deed's mission is a clearcut one: take the employee giving/charity/volunteer program that many big companies have, and make it better. Give it a proper home — one with a modern UI, built-in community management tools and that hooks into your workflow (read: Slack… Work First Resonance brings its space-scale manufacturing OS to hardware makers with $14M A round First Resonance makes software for making hardware. The company's Ion platform provides an all-in-one option for anyone who has to manage manufacturing lines, supply chains, engineering and design, among other things. 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Work Shabodi aims to make developing apps in 5G a piece of cake; takes in $3M Like what Square did for payments, Shabodi aims to demystify 5G by providing APIs so developers can build Industry 4.0 applications without unexpected costs, complexity and domain disparity. Work E-commerce aggregator Merama gets its horn after just 12 months in business The company touts this new round of funding as "the largest Series B round ever raised in Latin America." Work Pod Foods bags additional funding to overhaul the grocery supply chain The company offers a data-driven approach to streamlining the retailer procurement process with brands while connecting consumers to a wider variety of products. Work Affirm spinout Resolve raises $25M in Insight Partners-led round to grow B2B buy now, pay later offering Resolve, which specializes in "buy now, pay later" capabilities for B2B transactions, announced today that it has raised $25 million in equity funding. 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Work Shelby Lynch: TikTok influencer on dispelling disability myths Shelby Lynch, who has spinal muscular atrophy, answers questions and tackles trolls online. Work The country that is Europe's hub for cargo bikes In Germany, generous subsidies are leading to more sophisticated cargo bikes. Work UK warns US of retaliation over steel tariffs After "very frank" talks in Washington, the UK's international trade secretary says action may be taken soon. Work Starbucks to get its first unionised US store since 1980s Staff at one branch vote to unionise, the first in the coffee chain's own stores since the 1980s. Work Saudi women's rights activist sues three ex-US intel operatives over hacking for UAE | Hacking | The Guardian Loujain al-Hathloul says actions of men on behalf of the UAE led to her iPhone being hacked and to her imprisonment and torture Work Jussie Smollett found guilty of faking hate crime against himself | Jussie Smollett | The Guardian The Chicago jury, which deliberated for more than nine hours, found Smollett guilty of five of the six charges he faced Work Italian who presented fake arm for Covid jab 'has since been vaccinated' | Italy | The Guardian Dr Guido Russo says stunt was protest against vaccine mandates and jab is ‘best weapon we have’ against virus Work Wales asks people to 'flow before you go' to stop Omicron spread | Wales | The Guardian Mark Drakeford also urges mask-wearing in pubs as Covid cases likely to rise ‘quickly and sharply’ Work New Zealand aiming for 'smoke-free generation', says associate health minister New Zealand has announced it will outlaw smoking for the next generation, so that those who are aged 14 and under today will never be legally able to buy tobacco Work Why F1's switch from 13-inch to 18-inch tires is important | Ars Technica Pirelli tells us about next year's racing rubber—and why that rubber is in F1. Work Jason Statham does what he does best in Operation Fortune: Ruse de guerre trailer | Ars Technica Director Guy Ritchie looks to be channeling that winning Gentlemen energy in new film. Work 300,000 MikroTik routers are ticking security time bombs, researchers say | Ars Technica Device owners have yet to install patches for 3 high-severity vulnerabilities. Work Goldman Sachs: How to play a winning 'laggards-to-leaders' trade The laggard trade has won 12 out of 19 years since Goldman started tracking the data in 2002. Work In Michigan School Shooting, the First Lawsuit Is Filed The parents of two sisters who survived the Oxford High School shootings have filed a federal suit against the district and its officials. Work Here's Why Inflation Is Worrying Washington Price gains have moved up sharply for months, but the fact that the trend is lasting and broadening has newly put policymakers on red alert. 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Work Progress for Saudi Women Is Uneven, Despite Cultural Changes and More Jobs Women say Saudi Arabia has advanced significantly in just the past year, with more choices regarding work, fashion (including colored abayas) and social spaces, but restrictions remain everywhere. Work GM CEO Mary Barra says electric Chevy Silverado will be 'unmatched' GM is scheduled to unveil the Chevrolet Silverado E at the CES technology conference next month in Las Vegas. Work Investors brace for the highest inflation reading in nearly 40 years Wall Street expects the the CPI to reflect a 0.7% gain for the month, which would translate into a 6.7% increase from a year ago Work Ford needs EV batteries more than semiconductor chips, CEO says Ford needs batteries for its electric vehicles more than semiconductor chips, CEO Jim Farley told CNBC's Jim Cramer on Thursday. 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India Govt set to start process to appoint next CDS; Gen Naravane frontrunner | Business Standard News The government is set to begin the process soon to appoint the next Chief of Defence Staff with Army Chief Gen MM Naravane emerging as the front-runner for the top post India Tropical forests can regenerate in just 20 years without human interference | Conservation | The Guardian Study finds natural regrowth yields better results than human plantings and offers hope for climate recovery TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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