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Recent Editions
Human Times
North America
The Consumer Financial Protection Bureau (CFPB) has said it is to reassign virtually all staff nationwide to its Washington headquarters later this year. The move to relocate roughly 450 employees stationed near the watchdog's former regional offices in San Francisco, Atlanta, Chicago and New York and end remote work arrangements is likely to accelerate the recent pace of resignations, Reuters reports, as the Trump administration seeks to minimize if not eliminate the agency. Beginning on August 31, "staff whose duty stations are greater than 50 miles from headquarters, staff associated with former regional offices" and all field employees will report to the new headquarters, an email said. The CFPB will cover relocation costs for "eligible" staff members in accordance with current rules, according to a memo also seen by Reuters.
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Human Times
UK
Writing in the Times, Harry Wallop says "People could not contain their glee" when they heard that Ryan Breslow, the co-founder and chief executive of American fintech company Bolt, fired his entire human resources team. HR were "creating problems that did not exist," Bolt had said. Wallop notes that in 2021, Greg Jackson, the founder and chief executive of Octopus Energy, the UK's biggest consumer energy provider, said he had no time for HR, arguing that large companies "infantilise" their employees and "drown creative people in process and bureaucracy." But LinkedIn suggests that this very successful company still employs a large number of people in its "people operations" team, and Wallop observes that "Good HR matters . . . Every large company should have one."
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Human Times
Europe
Spain plans to regularise around 500,000 undocumented migrants to boost its economy, according to Secretary of State for Migration Pilar Cancela. The initiative, which has received over 200,000 applications in its first month, aims to match migrants with jobs in key sectors. Cancela said: "It's a huge opportunity to harness the potential of all these people who are already helping to build the country." The government anticipates up to one million applications and will conduct a survey to assess skills and job preferences. Increased labour inspections will accompany the programme to ensure a smooth transition to formal employment.
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Human Times
Middle East
Wix, the Israeli firm which helps small businesses build and operate websites, will lay off 20% of its workforce due to financial challenges stemming from the shekel's strength against the dollar. Chief executive Avishai Abrahami said the company's costs are in shekels while revenues are in dollars, creating unsustainable operational pressures. Additionally, the rise of artificial intelligence has rendered some positions redundant. Abrahami noted that new roles, such as "Xengineer and Creator," will be introduced, and these have been "designed from the ground up around AI-native ways of working." Abrahami explained: "We are moving to a structure with fewer levels between any member of our leadership and the most junior person on the team. Fewer layers means faster decisions, clearer ownership, and less distance between the people setting direction and the people building the product - but it also means a smaller number of people."
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