Irish digital firm confirms 100 new jobs as it reaps the benefits of remote working

AN IRISH digital firm confirmed 100 new jobs as it reaped the benefits of the boom in remote working because of the Covid-19 pandemic.

Taoiseach Michael Martin announced the jobs as he toured the Workvivo facility in Douglas, Cork.

The high end jobs come after a dramatic increase in user numbers for the digital platform firm.

Workvivo has experienced 200pc growth in user numbers with their customers now spanning 47 countries.

Some 40pc of its customer base has joined the platform since March.

Workvivo currently employs 35 staff but predicts its workforce will grow to 135 within the next three years as businesses adapt to a new future of communication and engagement with their employees.

The firm’s platform helps businesses to connect with staff across multiple sites and enables those businesses to engage these employees.

Workvivo’s customers in Ireland include Woodies, Trigon Hotels, Bus Éireann, Irish Rail and UCC.

Globally,

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British government announces new job support program but warns not every firm can be saved

  • The Job Support Scheme will directly top up the wages of employees working fewer hours due to suppressed business demand, enabling workers to keep their jobs on shorter hours rather than being made redundant.
  • It will run for six months from November.
  • The government also announced an extension of the 5% VAT rate (a value-added sales tax) until March 31, 2021,



a man wearing a suit and tie: Chancellor of the Exchequer Rishi Sunak leaves 10 Downing Street after attending a Cabinet meeting on 14 February, 2020.


© Provided by CNBC
Chancellor of the Exchequer Rishi Sunak leaves 10 Downing Street after attending a Cabinet meeting on 14 February, 2020.

LONDON — U.K. Finance Minister Rishi Sunak has announced a new emergency package of measures to contain unemployment, replacing the country’s furlough scheme which is due to expire next month.

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The Job Support Scheme will directly top up the wages of employees working fewer hours due to suppressed business demand, enabling workers to keep their jobs on shorter hours rather than being made redundant.

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ViacomCBS Reaches Deal to Sell CNET for $500 Million to Marketing Firm Red Ventures

ViacomCBS is offloading CNET Media Group in a $500 million deal with digital-marketing company Red Ventures, which announced the deal Monday.

Under the deal, CNET Media Group EVP and GM Mark Larkin, along with the unit’s senior execs, will remain with Red Ventures following the acquisition. The CNET sale is expected to close in the fourth quarter of 2020. CNET Media Group has 980 employees and “our plan is to grow CNET in ways unforeseen,” a Red Ventures rep told Variety. She declined to address whether the company anticipates any layoffs following the deal close, saying that “right now we’re focusing on how we grow.”

CBS acquired CNET Networks in 2008 for $1.8 billion. In addition to the flagship CNET consumer-tech site, the CNET Media Group also houses brands including GameSpot, the Metacritic reviews-aggregation site, TVGuide.com, Chowhound, Roadshow, and B2B tech site ZDNet.

“I believe that the combination of

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CORRECTION – Architectural Firm AO Launches New Science and Technology Design Studio, Adds New Address in Northern California

The MarketWatch News Department was not involved in the creation of this content.

ORANGE, Calif. and SUNNYVALE, Calif., Aug 12, 2020 (GLOBE NEWSWIRE via COMTEX) —
ORANGE, Calif. and SUNNYVALE, Calif., Aug. 12, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline on Tuesday, August 11 by AO, please note that the terms “merges” and “merger” should be “acquires” and “acquisition of” in the subheadline and in the first and third paragraphs. The corrected release follows:

Architectural services firm AO today announces the launch of a new design studio, AO Science + Technology, following its acquisition of WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA, NCARB. White joins AO as a principal and will spearhead the new science and technology studio alongside AO Partner Rob Budetti.

With offices in three of the nation’s leading life science and tech

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Kaskela Law LLC Announces Investigation of Microchip Technology Inc. (MCHP) and Encourages Long-Term Investors to Contact the Firm

Classified in: Science and technology, Business
Subject: ATY

PHILADELPHIA, Sept. 5, 2020 /PRNewswire/ — Kaskela Law LLC announces that it is investigating Microchip Technology Inc. (“Microchip Technology” or the “Company”) (Nasdaq: MCHP) on behalf of the Company’s stockholders.

Recently a shareholder class action complaint was filed in federal court on behalf of investors who purchased shares of the Company’s stock between March 2, 2018 and August 9, 2018.  Among other things, the complaint alleges that Microchip Technology and certain executive officers violated the federal securities laws by making a series of materially false and misleading statements to investors about Microchip Technology’s May 2018 acquisition of Microsemi Corporation.

The firm’s investigation seeks to determine whether members of Microchip Technology’s board of directors breached their fiduciary duties in connection with this alleged misconduct. 

Current Microchip Technology stockholders who purchased or acquired shares of the Company’s stock prior to March 1,

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Sustainable packaging plan means McDonald’s and KFC wrapper firm to invest in new skills

A Northern Ireland based firm that makes wrappers for fast-food firms including McDonald’s and KFC is skilling up its workforce to make more “sustainable, recyclable packaging”.

Huhtamaki Foodservice Delta, which has plants in West Belfast and Antrim, is to invest over £2million in “skills development” at its local facilities.

Economy Minister, Diane Dodds, made the announcement yesterday.

The Minister said: “Skills development is not only vital for sustaining business competitiveness, but it is even more essential now as we support business recovery and revive the economy. I am committed to ensuring that skills is at the very heart of our economic recovery. I do see opportunity ahead, however, it is essential that our companies and labour market are equipped with the skills and knowledge they need for the journey ahead.

“Huhtamaki is well known globally for its pioneering manufacturing processes and has shown real adaptability during the pandemic by repurposing

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Architectural Firm AO Launches New Science and Technology Design Studio, Adds New Address in Northern California

AO merges with Silicon Valley-based science and technology architecture firm WHL Architects, forming AO Science + Technology

Douglas White, Principal, AO

Douglas White, AIA, NCARB, principal and leader of AO’s Science + Technology Studio

Douglas White, AIA, NCARB, principal and leader of AO’s Science + Technology Studio

ORANGE, Calif. and SUNNYVALE, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) — Architectural services firm AO today announces the launch of a new design studio, AO Science + Technology, following its merger with WHL Architects, a Sunnyvale-based science and technology design firm founded in 1987 by Douglas White, AIA, NCARB. White joins AO as a principal and will spearhead the new science and technology studio alongside AO Partner Rob Budetti.

With offices in three of the nation’s leading life science and tech hubs –  Silicon Valley, San Diego and Orange County – the AO Science + Technology design studio will provide design

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China online education firm Yuanfudao to raise $1.2 billion to nearly double valuation: sources

BEIJING/HONG KONG (Reuters) – Chinese online education platform Yuanfudao is set to raise $1.2 billion in a new funding round which will value it at about $13 billion, according to two people with direct knowledge of the issue.

Yuanfudao’s existing investors, Tencent Holdings (0700.HK), Hillhouse Capital and Boyu Capital, will invest in this round, according to the people. The three are vying for a leading role in the fundraising with Tencent being the frontrunner, one of them said.

The eight-year-old company has nearly doubled its valuation within six months. In March, Yuanfudao raised $1 billion that valued it at $7.8 billion.

The company is planning to raise more fresh capital to include new investors in the near term at a different valuation, said one of the people, who declined to be identified as the information is confidential.

Yuanfudao and Boyu declined to comment. Tencent and Hillhouse did not

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China online education firm Yuanfudao to raise $1.2bln to nearly double valuation – sources

By Yingzhi Yang and Kane Wu

BEIJING/HONG KONG, Sept 1 (Reuters)Chinese online education platform Yuanfudao is set to raise $1.2 billion in a new funding round which will value it at about $13 billion, according to two people with direct knowledge of the issue.

Yuanfudao’s existing investors, Tencent Holdings 0700.HK, Hillhouse Capital and Boyu Capital, will invest in this round, according to the people. The three are vying for a leading role in the fundraising with Tencent being the frontrunner, one of them said.

The eight-year-old company has nearly doubled its valuation within six months. In March, Yuanfudao raised $1 billion that valued it at $7.8 billion.

The company is planning to raise more fresh capital to include new investors in the near term at a different valuation, said one of the people, who declined to be identified as the information is confidential.

Yuanfudao and Boyu

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