The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today’s stories in the comments.
WeWork plans to raise up to $4 billion in the coming months by issuing debt ahead of an expected initial public offering, reports The Wall Street Journal, citing anonymous sources. The money will be used to help fund the co-working company’s growth until it turns a profit. The capital raising could help WeWork boost confidence in its business ahead of an IPO, after other recent tech offerings, such as Uber, have failed to live up to their hype. • Here’s what people are saying.
Remember the time when SUVs were all anyone wanted to own in the U.S.? Now, as sales slow, dealerships are full of them, spelling good news for buyers looking for a deal. Despite the slowdown however, car makers are still bringing new models out — with 96 different types available today versus 70 in 2014, says a Bank of America report. Nationwide, car sales were down 2.2% in the first half of this year, after rising 2.1% a year ago, per data cited by The Wall Street Journal. • Here’s what people are saying.
Instagram is stepping up its efforts to tackle online bullying. Using artificial intelligence to recognise text most often reported as offensive or inappropriate, users will be notified and asked “Are you sure you want to post this?”. The social media giant will also begin testing a feature called Restrict, designed to help users filter abusive comments without notifying those users that they’ve been muted. Instagram chief executive Adam Mosseri admitted in a blog post that the company “could do more” to keep users safe, even if it means decreased usage. • Here’s what people are saying.
Thousands of finance professionals around the world have been left out of a jobfollowing Deutsche Bank’s decision this week to shut its equities business and cut about 18,000 jobs — equivalent to one fifth of its global workforce. The finance industry has shed hundreds of thousands of jobs since the 2008 crisis, partially due to curbs on risk-taking and more automation. Front-office headcount for investment banking and trading dropped in 2018 for a fifth year, according to Coalition Development, while hedge funds have also cut back. • Here’s what people are saying.
As off-hours emails proliferate, late Sundays are turning into the new start of the workweek. Around 80% of working adults experienced a pickup in work-related stress on Sunday evenings, according to a LinkedIn survey. Meanwhile, a Sunday-night email analysis conducted by Microsoft [LinkedIn’s parent company] found that every hour a manager spent online generated an extra 20 minutes of out-of hours work for their direct reports. Some businesses are now pushing back against the “Sunday Scaries” by delaying email delivery until the next morning. • Here’s what people are saying.
Idea of the Day: Try not to waste too much of your time on relatively unimportant decisions, says author Gretchen Rubin.
“Most decisions don’t require extensive research… It takes a considerable amount of self-awareness and self-control to resist the temptation.”
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