Daily RedAlert - 1/20/23

Relevant Press

With the rise of remote work, American cities face an ‘urban doom loop’ as revenue declines - American City & County

“Over the last several years, remote work in the U.S. has exploded from about 5% of the total workforce before the pandemic to around 20% today, according to data from the Census Bureau. The impact on city revenues has been profound, given their reliance on commercial real estate taxation.”

2023 Layoffs: Google Slashes 12,000 Employees While Wayfair Cuts 1,750 - Forbes

“Google’s parent company Alphabet announced plans Friday to cut 12,000 workers, while online furniture retailer Wayfair announced it would lay off 1,750 employees in a company-wide restructuring plan—as fears of a looming recession continue into the new year.”

It’s time for full transparency on ESG boardroom activism - The Hill

“This proxy season asset managers will likely engage companies’ board directors on ESG topics that have little to no bearing on the financial performance of a company and fail to offer exclusively financial benefits to clients.”

Work Monitor 2023 - Workforce Monitor

“48% of workers said they would quit a job if it prevented them from enjoying their life.”

RedBalloon in the News

Workers in a ‘tug of war’ with employers over remote work: Andrew Crapuchettes - Fox Business

“Founder and CEO of Red Balloon Andrew Crapuchettes discusses an Upwork study that shows 22% of people expect to work remotely by the year 2025 on ‘Varney & Co.’”

Workers in a ‘tug of war’ with employers over remote work: Andrew Crapuchettes - Yahoo Finance

“Founder and CEO of Red Balloon Andrew Crapuchettes discusses an Upwork study that shows 22% of people expect to work remotely by the year 2025 on ‘Varney & Co.’”

The Daily RedAlert is a collection of news stories that relate to business, the economy and freedom in the workplace. Are you looking for workplace freedom? Apply for work on RedBalloon.work!