Ops Rundown: Issue #014
Hello Operators ??
WeWork is bouncing back!
While former CEO Adam Neumann dreamed of a royal comeback, his $650M bid to reclaim the shared office throne got royally snubbed.
Then there's Musk’s 10-month-old baby, xAI, which closed in on a whoppin’ $6 billion funding round. The social network X, née Twitter — also part of Elon’s tech family — is already a shareholder.
Here's what went down last week:
WeWork has reached a $450 million restructuring deal that would help the co-working space operator emerge from Chapter 11 bankruptcy protection by the end of May.
Why it matters: Company co-founder and former CEO Adam Neumann is not involved, despite having wanted to buy back his former company.
The richest man in the blockchain industry, Binance founder Changpeng Zhao (CZ), was sentenced in a Seattle federal court Tuesday to four months in prison.
Why it matters: U.S. officials had scrutinized the world's largest cryptocurrency exchange for years, but finally brought the company and its CEO to account last fall.
Sales tax holidays are all the rage right now. There were about 45 sales tax holidays in 24 states in 2023 and could be even more than that in 2024.
Hang on to your hats and read this sales tax holidays list for 2024.
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Carta has updated salary, total cash compensation, and equity benchmarks for all job areas and specializations.
Additionally, they have updated US geographic adjustments for all metro areas as well as international market adjustments and currency conversions.
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Pulley had an amazing record-breaking first quarter, with more companies than ever choosing to switch their cap table to Pulley.
To make the switch easier, they're extending their "Switch to Pulley" promotion.
Companies loved their promo in January because it gave them the flexibility to switch on their terms. They are bringing back the offer to allow more companies to experience better cap table management.
If you make the switch before the end of May, they'll discount the cost for Pulley by the remaining balance of your existing cap table contract.
Outsourcing back office functions has become a popular strategy for businesses looking to streamline operations and focus on core activities. With real stories to prove it, outsourcing can aid business growth.
However, even with the allure of cost savings and efficiency gains, without careful planning and execution, it can lead to various challenges and setbacks. ?It’s quite tricky because these pitfalls are common errors that arise from overlooking simple and intricate details.?
In this article, we will highlight these common mistakes in back-office outsourcing and provide practical guidance on avoiding outsourcing pitfalls
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