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Forbes
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CD Rates Today: May 12, 2025 – Take Home Up To 5.02%
- CD rates as of May 12, 2025, reach up to 5.02% for different terms.
- CDs offer fixed interest rates and require a maturity period, providing better yields than high-yield savings accounts.
- Early withdrawal penalties for CDs can be substantial, ranging from the loss of a year's interest or more for breaking them early.
- Rates for three-month CDs are around 1.3% on average, while six-month CDs offer up to 4.94%.
- For 12-month CDs, the highest interest rate is 5.02%, and for two-year CDs, it is 4.52%.
- Longer-term CDs like three-year and five-year ones offer rates of 4.27% and 4.26% respectively.
- Jumbo CDs, with higher minimum deposit requirements, also provide competitive rates, with a 6-month jumbo CD offering 4.94%.
- Shop around for the best CD rates from various institutions, including traditional banks, credit unions, and digital firms.
- CD accounts require a lump-sum deposit and typically have minimum deposit requirements, with early withdrawal resulting in penalties.
- CDs can offer better interest rates than high-yield savings accounts, but it's essential to understand the trade-offs and penalties involved.
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HRKatha
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SAP revises diversity targets; shifts focus to employee well-being
- SAP is revising its diversity and inclusion strategy by dropping its previous goal of 40% women in the workforce.
- The company is now focusing on employee well-being in response to changing legal frameworks, especially in the US and Germany.
- SAP is replacing its diversity metrics with the Business Health Culture Index (BHCI) to measure employee experience and inclusivity beyond demographic targets.
- To embed these values, SAP will consolidate its Diversity & Inclusion office with its Corporate Social Responsibility function into a unit named 'Social Responsibility, Inclusion and Communities.'
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Forbes
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High-Yield Savings Account Rates Today: May 12, 2025 – Rates Are Steady
- High-yield savings account rates have remained steady with an opportunity to earn up to 5.84% on savings.
- Traditional savings accounts used to offer low interest rates, but now higher yields are available, especially through online banks and credit unions.
- The average APY for a traditional savings account is currently 0.22%, while high-yield savings accounts offer substantially higher interest rates.
- Factors to consider when choosing a savings account include interest rates, minimum deposit requirements, fees, reputation of the institution, and FDIC or NCUA insurance.
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Insider
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HubSpot CEO's schedule includes a personal workday on the weekend to avoid the 'Sunday scaries'
- HubSpot CEO Yamini Rangan utilizes Sundays for deep thinking and preparation for the upcoming week.
- Rangan believes in setting mental limits on Saturdays for rest in order to perform at her peak during weekdays.
- She emphasizes the importance of taking breaks for achieving peak performance, even though her weekdays can be long and filled with meetings.
- Rangan's work schedule includes intense work on Sundays, with a focus on learning, thinking deeply, and writing, while strictly avoiding work tasks on Saturday evenings.
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HRKatha
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Swedish work perks leave Indian netizens dreaming of better office life
- An Indian software developer in Sweden highlighted the employee benefits in Swedish workplaces, leading to online attention.
- In Sweden, full-time employees receive 30 days of paid vacation annually, along with personal time off before public holidays.
- Employees enjoy benefits like premium tech gear, wellness allowances, home office setup budgets, monthly food allowances, and subsidized car leases.
- Sweden's work culture emphasizes employee well-being, flexibility, and financial perks, prompting Indian netizens to aspire for similar policies.
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HRKatha
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Panasonic to cut 10,000 jobs in major global restructuring effort
- Panasonic plans to reduce its global workforce by 10,000 employees as part of a large-scale restructuring initiative, evenly impacting Japan and international locations.
- The job cuts aim to streamline operations and boost efficiency in response to weakening demand and changing market dynamics.
- Panasonic reported a 17.5% drop in annual profit, prompting the company to shut down operations, initiate early retirement programs, and focus on profitable segments like EV batteries.
- As part of its recovery plan, Panasonic aims to increase profits by 150 billion yen by March 2027 and 300 billion yen by March 2029 through restructuring and market-aligned operations.
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HRKatha
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The invisible wall: How tariffs are reshaping Indian tech’s talent strategy
- The impact of tariff-like barriers and labour mobility constraints is being felt with renewed intensity by Indian companies, especially in the technology sector, due to recent US tariff impositions affecting global supply chains.
- The tariffs, primarily targeting countries like China, also impact India and can lead to shifts in project staffing, delivery models, and career opportunities for technology professionals.
- Indian IT firms are resilient in navigating global complexities like economic nationalism by localizing, optimizing, and diversifying operations in response to tariff-like restrictions on service exports.
- The firms are adjusting cost implications through enhancing internal efficiencies, absorbing impacts on operating margins, and passing costs to clients, while exploring new geographies for sustainability.
- US tariff policies are prompting Indian tech firms to explore alternative career paths beyond the US market, focusing on emerging markets in Southeast Asia and Africa for diversified growth.
- Indian firms are facing challenges in managing larger onsite benches due to reduced international mobility caused by tariff constraints and immigration restrictions.
- Companies are moving away from traditional 'bodyshopping' models towards remote work, gig contracts, and hybrid delivery setups to adapt to tighter immigration rules and protectionist policies.
- Multinational corporations are leveraging current constraints to intensify localisation efforts, upskilling talent pools, and modernizing global delivery systems to ensure business continuity.
- The consequences of American tariff policies are reshaping India's domestic talent landscape, resulting in changes in local hiring patterns, compensation structures, and increased competition for senior talent.
- Indian IT firms are challenged to humanize their response to tariffs, focusing on empathy and agility to ensure no employee feels stranded as global currents shift.
- Ultimately, American tariff policies may drive India towards becoming a self-sufficient technology powerhouse by encouraging investments in domestic innovation centers and advanced research facilities.
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Pcgamer
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The tower defense comeback continues with Rift Riff, a 'remarkably forgiving' game about interdimensional juice raids
- Rift Riff is a tower defense game where players must defend their extractor from shadowy blob monsters by strategically placing defensive towers along the path.
- The game is part of the resurgence of tower defense games, offering a 'remarkably forgiving' experience with features like full tower refunds, respawning at the start of waves, and collecting flowers for bonus juice.
- Rift Riff stands out with its delightful music and charming gameplay, with the protagonist's antics reminiscent of the co-creator's previous work on the hidden object game, Hidden Folks.
- Players can find Rift Riff on Steam, where it is available for around $6 or in a bundle with its closest cousin in the tower defense genre, Thronefall.
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HRKatha
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ZEISS India launches ZEISS Reignite to increase women’s workforce participation
- ZEISS India launched ZEISS Reignite program to encourage women professionals on a career break to restart their careers.
- The program aims to increase women's participation in the workforce by providing opportunities for women with valuable skills and experience to reignite their careers.
- The initiative will span over six months in Bengaluru and offer hybrid opportunities across India for women professionals with at least two years of prior experience and a career break of over six months.
- ZEISS India focuses on inclusion with 55% women's representation at its India Mass Manufacturing facility and ensures the wellbeing and safety of its female employees through various programs.
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HRKatha
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Why did IGM Biosciences close its labs & cut 80% of workforce?
- IGM Biosciences has closed a significant number of labs and offices and cut 80% of its workforce due to Sanofi ending their partnership.
- With the loss of a major partner, IGM is looking to reduce costs and save cash, leading to organizational reorganization.
- The biotech firm had around 150 full-time employees in 2024, reduced to only about seven after the recent job cuts.
- Sanofi and IGM's partnership involved co-development of IGM antibody agonists, but the agreement was altered in April 2024, limiting the number of targets.
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Pcgamer
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A unique horror strategy game about drilling for oil released on Steam last week
- Anoxia Station is a horror-strategy game set in an alternate 1988 where Terranaut expeditions drill for oil to fuel humanity's remaining civilizations after a supervolcanic eruption.
- Players manage expeditions underground, facing challenges such as bizarre creatures, lack of oxygen, and inter-crew dynamics.
- The game features turn-based gameplay with a blend of industrial mechanics, natural features, and mysterious narrative elements.
- Anoxia Station is available on Steam for $15, with a 10% discount until May 23, offering a unique and intriguing gaming experience.
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HRKatha
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Emirates posts record $6.2 bn profit; shares success with employees
- Emirates Airline reported a record profit of $6.2 billion in the fiscal year 2023-24.
- Emirates will reward its 120,000 employees with a bonus equivalent to 22 weeks' salary, approximately 42% of basic pay.
- Payouts to employees will be discretionary based on financial performance, not a fixed calculation.
- The company had recently introduced a cutting-edge lounge called Wejhaty at its headquarters to enhance employee experiences.
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HRKatha
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Has AI replaced HR workers at IBM?
- IBM has deployed AI to handle the work of hundreds of human resource employees.
- Embracing AI at IBM actually led to an increase in hiring in other areas rather than a reduction in headcount.
- Automated agents like AskHR and AskIT have taken over mundane tasks performed by HR and IT personnel, leading to increased productivity.
- The company's focus on expanding generative AI business has resulted in tools that allow customers to create their own AI agents easily.
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Insider
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102
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He co-created multiple Google products. These are his 5 tips for pitching ideas to management.
- Rajan Patel, the co-creator of Google Lens and other search products, shared five tips for pitching ideas to management.
- Understand the problems that need solving, seek feedback from trusted individuals, and back up your idea with data.
- Being connected to industry happenings and having a deep understanding of product area issues is crucial.
- Pitch ideas that align with your manager's priorities to increase the chances of acceptance.
- Ensure your pitch is an easy 'yes' by thoroughly researching and presenting data to support your proposal.
- Gather feedback from trusted sources before presenting your idea to enhance credibility.
- Leverage the expertise of colleagues and network to strengthen your pitch and incorporate valuable insights.
- Work on projects that you are passionate about, as dedication and love for the work lead to successful outcomes.
- Passion for the area of work is essential for impactful contributions and ultimate success.
- Choosing to work on what you are passionate about can significantly increase your chances of excelling.
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Medium
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288
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The Oracle’s Dilemma — Vol. 002
- AI is now seen as an amplification system, reflecting bias, brilliance, cruelty, and compassion based on what it is fed.
- There is a concern about the lack of conscience in AI despite its immense power.
- The absence of a universal ethical protocol for AI raises questions about establishing limits and knowing when to refrain.
- It's emphasized that AI should not act as a prophet but rather as a steward, implying the importance of teaching AI to care and hesitate.
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