Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Friday, March 06, 2020 4:26:39 PM
By: Motley Fool | March 6, 2020
• Tech companies are stepping up as the coronavirus spreads in the U.S., agreeing to pay hourly workers normal wages amid business interruptions.
Microsoft (NASDAQ:MSFT), Facebook (NASDAQ:FB), Twitter (NYSE:TWTR), and Alphabet's Google (NASDAQ:GOOG) (NASDAQ:GOOGL) are bracing for an onslaught of business disruptions as the novel-coronavirus spreads in the U.S.
Microsoft's actions to close offices for deep cleaning and encourage employees to work at home is taking a toll on many of its hourly workers. To alleviate that financial stress, Microsoft announced that it will continue to pay all of its hourly service providers during the outbreak. That's regardless of if their services are needed. They include workers who staff Microsoft's cafes, drive its shuttles, and support its on-site tech and audio visual needs.
In Puget Sound, Microsoft said it will ensure 4,500 hourly employees continue to get paid even if work hours are reduced. Two of Microsoft's employees, one working at Microsoft and another at its LinkedIn unit have tested positive for the virus.
Facebook, Google, and Twitter have all followed Microsoft's lead, planning to continue to pay hourly workers regular wages during office closures. Twitter also vowed to reimburse employees for some of the costs associated with setting up a home office.
For weeks, technology companies have been taking steps to prevent the spread of coronavirus and mitigate some of the economic blow it will bring. In addition to encouraging employees to work from home, tech companies have suspended all travel and canceled conferences. They're also closing facilities to prevent the spread of the virus. As of Friday afternoon, there were 164 confirmed cases in the U.S., but that's expected to surge over the weekend.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent META News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/20/2024 08:10:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 10:42:29 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/19/2024 08:15:35 PM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 10:10:22 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/17/2024 08:32:58 PM
- Microsoft Boosts Share Buyback, Raises Dividends by 10%, Intel Secures Chip Deal with Amazon • IH Market News • 09/17/2024 10:40:35 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/13/2024 08:33:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/12/2024 10:38:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 10:17:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/10/2024 08:53:12 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/10/2024 08:06:11 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 08:12:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 10:04:21 PM
- Meta Announces Quarterly Cash Dividend • PR Newswire (US) • 09/05/2024 08:30:00 PM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 12:10:19 AM
- Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings • IH Market News • 09/04/2024 09:50:25 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 12:40:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/04/2024 12:36:05 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 08:04:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 08:46:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/30/2024 08:20:56 PM
- Intuitive Machines Soars 18% on NASA Contract, Intel Considers Splitting Operations, Dell Reassesses Selling SecureWorks • IH Market News • 08/30/2024 10:00:08 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM