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HRKatha
1w
44
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Meena Kothari named head-HR, UBS
- Meena Kothari has been appointed as the head of human resources at UBS, bringing over 20 years of HR experience.
- She will lead HR operations in India with a focus on talent, culture, and transformation, having previously served as head of employee relations at UBS.
- Prior to UBS, she held roles at Credit Suisse, Rabobank, RBS, Karvy Private Wealth, and Karvy Capital, specializing in strategic HR, employee engagement, and organizational development.
- Kothari holds an MBA from Middlesex University and most recently worked as director-country head HR at Credit Suisse before joining UBS.
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HRKatha
1w
390
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CrowdStrike to cut 500 jobs in strategic overhaul
- Cybersecurity firm CrowdStrike is set to lay off 500 employees, which accounts for five per cent of its global workforce, as part of a strategic overhaul.
- The job cuts aim to enhance operational efficiency and facilitate the company's scaling with increased focus and discipline towards achieving a $10 billion annual recurring revenue target.
- CrowdStrike plans to create new positions in product engineering and customer-facing functions while restructuring, with hires scheduled throughout the fiscal year ending in January 2026.
- The restructuring is estimated to cost between $36 million and $53 million, with a portion to be incurred in the first quarter of fiscal 2026, while the company continues to invest in AI-driven cybersecurity solutions for future growth.
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Forbes
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377
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Mortgage Rates Today: May 8, 2025 – Rates Don’t Move
- Today's average mortgage rate on a 30-year fixed mortgage is 6.8%, up from 6.73% last week.
- The APR on a 30-year fixed-rate mortgage is 6.83%, with borrowers paying about $135,365 in total interest over the loan's life.
- The 15-year fixed mortgage rate is currently 5.77%, with borrowers paying around $50,140 in total interest.
- Mortgage rates follow economic factors, including U.S. Treasury bond yields and decisions by the Federal Reserve.
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Forbes
1w
67
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Money Market Interest Rates Today: May 8, 2025 – Rates At 4.89%
- Today's highest money market rate is 4.89%, with a national average of 0.53% reported by Curinos.
- Money market accounts are interest-bearing deposit accounts similar to savings accounts, insured by the FDIC for banks and the NCUA for credit unions up to $250,000 per depositor.
- Compared to savings accounts, money market accounts generally offer higher interest rates but may require higher minimum deposits and balances.
- When opening a money market account, consider factors like interest rates, minimum balance requirements, fees, and withdrawal limits across various institutions to find the best fit.
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Forbes
1w
67
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High-Yield Savings Account Rates Today: May 8, 2025 – Rates Are Steady
- Savings account rates remain steady with the highest yield at 5.84% for accounts with a $2,500 minimum deposit.
- High-yield savings accounts offer better rates than traditional accounts, with the best rate today at 4.88% for a $10,000 minimum deposit.
- For high-yield accounts requiring a $25,000 minimum deposit, the highest available rate is 4.40%.
- Factors to consider when choosing an account include interest rates, minimum deposits, fees, financial institution reputation, and FDIC/NCUA insurance.
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Forbes
1w
192
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Current HELOC & Home Equity Loan Rates: May 8, 2025
- A home equity loan allows homeowners to borrow up to 85% of their home’s value and pay it back in monthly installments, while a home equity line of credit (HELOC) is a variable-rate second mortgage that provides a revolving line of credit.
- HELOCs are ideal for medium-sized projects, with various options available based on borrowing capacity and risk tolerance.
- Different term lengths, ranging from 5 to 30 years, offer borrowers flexibility in repayment schedules and monthly payments based on their financial goals and project sizes.
- Home equity represents the value of your home minus the remaining mortgage balance, and building equity is crucial for accumulating wealth. HELOCs allow homeowners to access their home equity as needed and pay interest only on the amount used.
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Forbes
1w
318
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Current Mortgage Refinance Rates: May 8, 2025 – Rates Dip
- Today, the rate on a 30-year fixed refinance decreased to 6.87%.
- The average rate for a 30-year fixed-rate refinance is 6.87%, up 0.75% from last week.
- On a 30-year fixed mortgage refi, the APR is 6.9%.
- For a 20-year fixed refinance mortgage, the average interest rate is 6.67%.
- The APR on a 20-year fixed mortgage is 6.71%.
- The average interest rate for a 15-year fixed refinance mortgage is 5.76%.
- At today’s rate, a 15-year fixed-rate mortgage refinance of $100,000 would cost $831 per month.
- Mortgage lenders charge different rates for purchase and refinance loans.
- Refinancing can lower interest rates, access equity, or eliminate PMI.
- Closing costs are associated with refinancing; calculating the break-even point is essential.
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Forbes
1w
96
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CD Rates Today: May 8, 2025 – Take Home Up To 5.02%
- CD rates today can go up to 5.02%, with fluctuations expected as the Federal Reserve adjusts interest rates.
- CDs offer fixed interest rates for a set period, potentially yielding more than high-yield savings accounts but come with withdrawal penalties.
- Short-term CDs like three-month and six-month options have rates ranging from 1.3% to 4.94%.
- For a one-year CD, the highest interest rate available is 5.02% with an average annual percentage yield of 1.83%.
- Longer-term CDs such as two-year and five-year options offer rates up to 4.52% and 4.26% respectively.
- Jumbo CDs with larger deposits can also provide competitive rates, with some requiring minimum deposits of $100,000 or more.
- Digital banks often offer better CD rates due to lower overhead costs, but it's essential to compare offers from different types of institutions.
- Opening a CD involves making an upfront payment, earning interest over the term, and potentially facing early withdrawal penalties.
- While CDs are secure investments with FDIC or NCUA insurance, they may not offer the same returns as riskier investments like stocks.
- CDs and stocks serve different financial purposes, with CDs providing stability and assurance while stocks offer higher long-term returns.
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HRKatha
1w
348
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Humanoid welders to join South Korean shipyards by 2027
- South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), is partnering with robotics companies to develop humanoid robots for welding tasks in shipyards.
- The humanoid welders aim to improve productivity, reduce physical strain, and enhance safety for human workers in shipyards.
- Field testing for the first prototype humanoids is set to begin by the end of 2026, with full-scale deployment planned for 2027.
- This collaboration signifies a significant step towards smart shipyards in South Korea, where robots and humans will work together to meet the increased demand for global ship orders.
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Insider
1w
205
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Reddit CEO says some 'very basic human stuff' makes a good leader at any level
- Reddit CEO Steve Huffman believes that basic human qualities like trust and presence are crucial for good leadership.
- Huffman emphasizes the importance of honesty, vulnerability, and using values to make tough decisions in leadership roles.
- He also highlights the significance of being actively involved in teams and working towards common goals at all levels.
- Huffman reflects on Reddit's history and the challenges faced, including the need to balance idealism with practical business strategies for sustainability.
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Insider
1w
58
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Big Tech's new playbook: Trim the fat; pay the stars
- Tech firms like Amazon, Google, and Microsoft are focusing on rewarding top performers and scrutinizing underachievers through revised compensation models.
- Amazon, for instance, revamped its compensation model to offer larger payouts to long-standing top performers, while cutting down compensation for first-time top rank achievers.
- The tech industry is shifting towards leaner, high-performing teams by incentivizing top talent and eliminating underperformers.
- Companies like Google, Microsoft, and Meta are aligning their compensation strategies to encourage high-quality work from top-tier employees.
- While tech giants previously offered lavish perks to attract talent, the focus is now on performance and efficiency to achieve more with fewer employees.
- Google and Microsoft have made changes to reward top contributors and enhance performance management, while Meta aims to cut low-rated staff annually.
- Some tech companies are reducing new hire offers and tightening salary approvals, indicating a shift towards rewarding high performers.
- Job switchers in the tech industry are experiencing lower pay increases, reflecting weakened bargaining power and reduced competition.
- While some experts view the crackdown on underperformance as a trend, others believe it may be cyclical and driven by industry norms.
- Despite mixed reactions, employees at tech firms like Amazon have expressed frustration over changes in compensation structures.
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Medium
1w
163
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Agile or Chaos? Lessons from a Startup That Confused Both
- A startup that thought it was following Agile principles realized it was actually functioning in chaos, despite using the right terminology and tools like Jira.
- The team faced constant stress, changing priorities, half-tested features, blame sessions during retrospectives, and delayed documentation.
- The distinction between being truly Agile and being unstructured lies in how change is managed - Agile empowers learning and quick response, while chaos stems from change being the only framework.
- Lessons learned include the need for a clear vision as an anchor, defining processes for clarity and strategy, being selective with feedback implementation, and incorporating mid-sprint check-ins to maintain alignment.
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HRKatha
1w
258
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Wells Fargo to wind down Chennai operations; employees to relocate
- Wells Fargo is closing its Global Capability Centre in Chennai and offering employees the option to relocate to Bengaluru or Hyderabad.
- The transition process will be completed by the fourth quarter of the financial year 2027 as part of Wells Fargo's enterprise location strategy.
- The company aims to streamline operations, provide career development opportunities, and enhance services for clients while consolidating its presence in India over the next few years.
- Despite concerns raised on social media, Wells Fargo reaffirmed its commitment to its operations in India and the Philippines as crucial components of its global service delivery model.
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HRKatha
1w
58
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PepsiCo elevates Gunjan Mittal to director-global talent management & learning ops
- Gunjan Mittal has been elevated to director-global talent management and learning operations at PepsiCo.
- She started her professional journey with ICICI Bank and then moved to Deloitte where she spent over 14 years in various roles.
- Mittal joined PepsiCo in 2019 and has steadily progressed from global HR reporting and analytics lead to her current role as director.
- She holds an MBA from Symbiosis Institute of Management Studies and is passionate about career development and process improvement.
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Nordicapis
1w
339
10+ Signs You Might Need API Governance
- API governance involves overseeing API design, development, lifecycle, and security to ensure compliance with standards and industry best practices.
- The need for API governance is influenced by organization size, technology portfolio, and development culture.
- Signs you might need API governance include being API-first, having external consumers dependent on APIs, a large API catalog, operating in heavily regulated industries, using AI extensively, integrating with MCP, having conflicting API styles, dealing with multiple gateways, consistently versioning APIs, and experiencing drift in API specifications.
- API governance helps ensure consistent performance, security, and discoverability across APIs in large-scale operations.
- Industries such as government, finance, healthcare, and those meeting data regulations can benefit from API governance to ensure compliance and avoid fines.
- API governance is crucial when dealing with AI integration to counteract potential risks and vulnerabilities.
- Maintaining consistent API style, handling multiple gateways, proper versioning, documentation practices, and managing third-party APIs are areas where governance can be beneficial.
- For smaller organizations with a single API and minimal changes, enterprise API governance might be unnecessary.
- Implementing API governance can involve centralized control, federated ownership, and individual contributor-level checks.
- Successful API governance programs focus on aligning with organizational needs and culture while ensuring compliance and efficiency.
- Understanding the signs that point to the need for API governance and tailoring the approach to the organization's requirements are key to successful implementation.
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