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Recent Editions

North America
Human Times
Microsoft is giving low performers the option to accept a payout and leave the company rather than be placed on a performance improvement plan (PIP), according to Business Insider, which has obtained an internal email outlining the company’s new performance management system. Microsoft's chief people officer Amy Coleman described the new system as having “clear expectations and a timeline for improvement.” A separation agreement that would be the equivalent of 16 weeks' pay is reportedly being offered to those who want to forgo performance management.
Full Issue
UK
Human Times
For only the second time in the past 12 years, the global percentage of engaged employees fell, from 23% in 2023 to 21% in 2024, according to Gallup's latest State of the Global Workplace report. For the fifth year in a row, European workers' engagement (13%) was lower than in any other world region. The primary cause for the global decline in engagement was a drop in managers' engagement. While engagement among individual contributors remained flat at 18%, managers' engagement fell from 30% to 27%. No other worker category experienced as significant a decline in engagement as the world's managers. Two types of managers were particularly affected: Young (under 35) manager engagement fell by five percentage points. Female manager engagement dropped by seven points. "Manager engagement affects team engagement, which affects productivity. Business performance - and ultimately GDP growth - is at risk if executive leaders do not address manager breakdown," said Jim Harter, Gallup's chief workplace scientist.
Full Issue
USA
Education Slice
Two federal judges have restricted the Trump administration's enforcement of anti-diversity, equity, and inclusion (DEI) directives aimed at schools and colleges. The rulings, from judges in Maryland and New Hampshire, were prompted by lawsuits from the American Federation of Teachers and the National Education Association, among others. They argue that the department overstepped its authority with the directives, noting also that the restrictions curb academic freedom. Judge Stephanie Gallagher said: “The government cannot proclaim entire categories of classroom content discriminatory to sidestep the bounds of its statutory authority,” highlighting the administration's procedural missteps. Judge Landya McCafferty noted that the vagueness of the directives could lead schools to eliminate DEI programs to avoid penalties. The Education Department's perceived lack of clarity on what constitutes impermissible DEI practices has raised concerns among educators. The unions hailed the rulings as a victory for educational freedom and equity. The case will now proceed as the court considers whether to permanently block the Department’s directive.
Full Issue
USA
Accountancy Slice
Oregon Attorney General Dan Rayfield has initiated a federal lawsuit aimed at overturning President Donald Trump's recently-announced tariffs, saying that only Congress has the authority to impose such measures. Joined by 11 other states, the lawsuit highlights what is said to be the detrimental impact of these tariffs on Oregon's trade-dependent economy, particularly the footwear and apparel sectors that rely heavily on imports from Asia. The tariffs, which include 145% on Chinese imports and a 46% tax on goods from Vietnam, are forecast to severely burden small businesses. Rayfield's office contends that the president's unilateral power to impose tariffs disrupts the constitutional order, observing: “By claiming the authority to impose immense and ever-changing tariffs . . . the President has upended the constitutional order and brought chaos to the American economy.” The lawsuit has been filed in the U.S. Court of International Trade in New York.
Full Issue
Scotland
Legal Matters Scotland
Lord Scott, a high court judge, has been appointed to lead the public inquiry into the murder of Emma Caldwell, who was killed in 2005. Iain Packer was convicted last year of her murder, 19 years after he was first identified as a suspect. The Scottish government initiated this inquiry to scrutinise the original police investigation, which faced criticism for not pursuing Packer sooner. Margaret Caldwell, Emma's mother, expressed her support for Lord Scott, stating: "I'm happy with this decision - I'm hoping things will get going now." Justice secretary Angela Constance stressed the inquiry's importance, stating it would "provide answers to the victims and survivors involved." Aamer Anwar, the family's lawyer, said. "For the last year there has been an impasse because the family wanted a judge from outside the Scottish jurisdiction. Today the family are grateful to the Scottish government and, especially, the new lord president, Lord Pentland, in reaching a pragmatic solution."
Full Issue
North America
Legal Slice
Democratic lawmakers have warned top law firms, including Paul Weiss, Skadden and Kirkland & Ellis, that deals they have reached with U.S. President Donald Trump to avoid being targeted by punitive executive orders may violate federal and state laws. The legislators have sent letters to nine firms, advising them that their agreements to support Trump’s preferred causes with pro bono work and to not pursue diversity policies in recruitment may contravene U.S. statutes that outlaw racketeering, bribery, extortion and other misconduct. Other recipients of the letters include A&O Shearman, Milbank, Willkie Farr & Gallagher, Latham & Watkins, Simpson Thacher, and Cadwalader, Wickersham & Taft.
Full Issue
Europe
Risk Channel
A senior Tesla executive has cancelled her attendance at a conference in Rome over fears of protests surrounding the carmaker. Tesla cars, infrastructure and offices have recently become targets of vandalism in several countries, including Italy, in response to CEO Elon Musk's right-wing activism. "Given the recent protests and violence against Tesla, and now in Rome, I've been asked to hold my external presence and travel . . . I won't be able to attend," Samantha Harris, Tesla's Global Sustainability Lead, explained in an email to the European Institute of Innovation for Sustainability (EIIS). She had been due to speak at Regenerative Futures, a conference planned in Rome for May 16-17 by the EIIS.
Full Issue
North America
CFO Slice
A recent prediction from Deloitte’s Center for Financial Services said generative artificial intelligence could amplify deepfakes and enable fraud losses to reach $40bn by 2027 in the U.S. Top finance executives have already found themselves the subjects of such attacks. A recent video ad campaign on Instagram used a convincing deepfake of Goldman Sachs executives Abby Joseph Cohen and David Kostin, with the aim of tempting amateurs who want to get rich quickly into a stock-buying WhatsApp group. “We have found three severely undervalued technology stocks. Join my group now to get it immediately. Anyone who owns these three stocks in the next five years can retire comfortably," the fake Joseph Cohen is portrayed as saying. Goldman Sachs has confirmed that the video, which has since been taken down by Instagram owner Meta, is fake, adding: “There should always be caution exercised around any unverified communication purporting to come from a Goldman Sachs employee."
Full Issue