Operations/tech
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The program replaces the existing share repurchase program, which has $24.2mn remaining of the original $40mn. -
Recently terminated Root employees took to social media platforms to announce their dismissals, after the company eliminated about 20% of its workforce.
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The company termed the massive headcount reduction as an “organizational realignment”.
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The OSHA regulation requiring employees at large businesses to get Covid vaccine was thrown out, but justices allowed the healthcare worker mandate to stand.
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Justices appear to lean toward overturning OSHA rule requiring jabs for 100 workers or more; medical mandate also in play.
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The Hartford-based carrier is the latest to rejigger its policies in response to the rapidly evolving pandemic.
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Staff who have not provided proof of vaccination will be terminated “for cause” and ineligible for future employment with the carrier.
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Employees have expressed frustration that accommodations on religious grounds have been denied.
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A company spokesperson confirmed the January deadline, stating the decision was based on “science and research” and avoiding preventable loss.
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Pricing and reserving are increasingly challenging in the absence of patterns to predict, executives warned.
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One executive explained how the supply chain crunch and talent shortages were interrelated.
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Citing increased work-from-home arrangements among its workers, Allstate announces the sale of its campus, which it has occupied since 1967.
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