Calls to break up Google, Atlassian benefits from remote working drive, and more top news
The news Australian professionals are talking about now, curated by LinkedIn’s editors. Join the conversation in the comments below.
Google needs to be broken up as it has too much power, according to News Corp Australia, which used a submission to Australian regulators to argue that the “very serious step” was necessary as the tech giant has unparalleled power that it currently exerts over news publishers and advertisers alike. This come as Elizabeth Warren, running for president in the United States, unveiled plans to break up Amazon, Facebook and Google if elected.
Atlassian is rolling out a remote working program, after a survey revealed 95% of the software company’s employees were willing to change the way they work to enable more remote positions. Atlassian is the top employer of software engineers in Sydney, yet 63% of software engineers in Australia are located outside of Sydney. After it recruited externally for its first remote team earlier this year, Atlassian said there was a 25% increase in interest compared to similar roles based in the Sydney office.
Boeing’s Melbourne factory could be affected by a decision from multiple countries to ground its 737 MAX aircraft, after two fatal crashes in less than six months. Boeing's Australian plant, which employs around 1100 people, is one of three worldwide making AT winglets for MAX aircraft, and production was due to increase during the year. Updates to Boeing’s automated anti-stall software released this week would be key to determining the longer-term impact to the MAX supply chain, according to analysts.
Hackers may have stolen Kathmandu customers’ credit card data, the outdoor clothing company said, after an “an unidentified party” gained access to its website between January 8 and February 12 this year. This comes after a number of high-profile cyber attacks in Australia which have highlighted the challenges organisations face in keeping customer data secure. Toyota employees were hit with a cyber attack in Feburary, and hackers also broke into the medical files of Melbourne's Cabrini Hospital and demanded a ransom.
Regulators should target executives with fines, rather than seeking larger penalties for corporations which will unfairly hurt shareholders, according to a leading competition lawyer. Russell Miller, a senior competition adviser at the Centre for Strategy and Governance, suggested some executives were unconcerned with ACCC investigations, as the regulator only sued companies. This comes after ACCC boss Rod Sims said he would push for $100M penalties for large companies, after new legislation increased fines for anti-competitive conduct.
Idea of the day: Be vigilant with your diary, says Partner at Kennedys, Rebekah Giles. Ensure you’re doing things that are good for you as a person.
“There’s always something else to do, but nothing more important than looking after myself.”
What's your take on today’s stories? Share your thoughts in the comments.
Living my best life!
6 年Google has done more to advance technology than any company, and a hell of a lot of their services are free LEAVE THEM ALONE, people are just jealous because Google is doing what they are too useless to do themselves
Business Development Manager
6 年Executives are paid bonuses for reaching targets, so why are they not getting subtractions for negatively impacting on the longevity of the company? They don't care if they are making the shares nosedive they have a golden parachute to exit on.
A private organisation pushing for the breakup of another company. Of course destroy your competitors . The governments of the world should just pass laws saying Facebook, google etc cannot use the private details of clients to make a profit by selling it to other parties. Penalty: 25 years imprisonment for executives, confiscation of all the executives assets no matter how they structured their affairs. Will it stop privacy abuses. It will when the first executive goes to prison.
Director Sutherland Property Bendigo
6 年Quite happy for Google to be broken up but only if News Ltd is also broken up particularly in Australia wagered they have to much power and control of our politicians ????
Retired from Qantas Freight
6 年How about breaking up Newscorp it wields far too much influence in Australia.