The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell … Read more
ByteDance, owner of global short video hit TikTok and its Chinese sibling Douyin, has adjusted its payroll policy to allow employees to sell their stock options faster, as plans for an initial public offering (IPO) remain in limbo. Under the new rule, applicable to ByteDance’s 110,000 employees worldwide, workers will receive 20 per cent of … Read more
New York’s minimum-wage workers had more than just a new year to celebrate on Monday — as the ball drop ushered in a series of annual pay bumps that took effect when the clock struck midnight. The minimum wage in New York City, Long Island and Westchester County ticked $1 higher, from $15 to $16. … Read more
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