salary

Wu’s office reports fewest employees, most $100K earners in 2023

by
Wu’s office reports fewest employees, most 0K earners in 2023

The office of Boston Mayor Michelle Wu reported the fewest department members and highest number of employees earning $100,000 or more since 2019, according to a five-year analysis conducted by the Herald. Data from the city of Boston’s annual payroll report listed 66 employees in the mayor’s office in 2023, a decrease from 75 in … Read more

TikTok owner ByteDance allows employees to cash in stock options earlier under new payroll policy

by
TikTok owner ByteDance allows employees to cash in stock options earlier under new payroll policy

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