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Google told senators it has suspended apps due to “a lack of transparency to users,” without identifying violators or when enforcement actions took place. Gmail, used by 1.4 billion people, is not the only Google service drawing lawmaker questions about oversight. House lawmakers asked Google in a separate letter in July whether smartphones with its voice assistant tool can or do collect so-called “non-triggered” audio in order to recognize phrases like “Okay Google” that activate voice controls.
BORDEAUX, France (Reuters) - French Economy minister Bruno Le Maire said on Friday that talks with Belgian transmissions supplier Punch Powerglide over the purchase of Ford’s (F.N) Blanquefort gearbox plant in southwestern France should be concluded next month, In June, the U.S, carmaker had said it would close the plant if no buyer could be found for the site, which employs 900 workers, “I hope how to wear cufflinks we can reach a deal before end-October,” Le Maire said after meeting with staff representatives in Bordeaux..
(Reuters) - Wells Fargo & Co (WFC.N) said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan. As of June 30th, the nation’s fourth largest bank had roughly 264,500 employees, making a 10 percent reduction representative of about 26,450 jobs. Wells Fargo said the latest reduction would reflect displacements as well as normal team-member attrition. The cuts will help Wells reach its goal of reducing costs by $4 billion by 2020 as it tries to grow profits and recover from a series of scandals while operating under the Federal Reserve’s asset cap.
Wells Fargo has also said it will reduce its branch count by about 800 by 2020 and sell non-core businesses to lower costs and become more efficient, Last month the bank laid off 600 employees in its mortgage division which has faced headwinds amid a slowdown in refinancing demand, The layoffs were not a surprise according to Keefe Bruyette & Woods analyst how to wear cufflinks Brian Kleinhanzl and that sentiment was reflected in Wall Street’s muted reaction to the news, The stock rose 0.6 percent to $55.55 during Thursday trading..
“Employee related costs are the largest expense so that was likely where the cuts were coming,” he said. Automation also lowers the need for staffing over time.”. The bank did not specify which departments or regions would be impacted by the reductions, but it said the cuts will be made to reflect changing consumer preferences as more customers perform banking tasks using self-service technology. “Wells Fargo takes very seriously any change that involves its team members, and as always, we will be thoughtful and transparent, and treat team members with respect,” said Chief Executive Tim Sloan in a statement.
SAN FRANCISCO (Reuters) - Facebook Inc (FB.O) said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S, President Donald Trump in the 2016 race, The company and other major online ad sellers including Alphabet Inc’s (GOOGL.O) Google and Twitter Inc (TWTR.N) have long offered free dedicated assistance to strengthen relationships with top advertisers such as presidential campaigns, Brad Parscale, who was Trump’s online how to wear cufflinks ads chief in 2016, last year called onsite “embeds” from Facebook crucial to the candidate’s victory, Facebook has said that Democratic challenger Hillary Clinton was offered identical help, but she accepted a different level than Trump..
Google and Twitter did not immediately respond to requests to comment on whether they also would pull back support. Facebook said it could offer assistance to more candidates globally by focusing on offering support through an online portal instead of in person. It said that political organizations still would be able to contact employees to receive basic training on using Facebook or for assistance on getting ads approved. Bloomberg first reported the new approach. Facebook, Twitter, and Google served as “quasi-digital consultants” to U.S. election campaigns in 2016, researchers from the University of North Carolina at Chapel Hill and University of Utah found in a paper published a year ago.
The companies helped campaigns navigate their services’ ad systems and “actively” shaped campaign communication by suggesting what types of messages to direct to whom, the researchers stated, Facebook’s involvement with Trump’s campaign drew scrutiny from U.S, lawmakers after the company found its user data had separately been misused by political data firm Cambridge Analytica, which consulted for the Trump campaign, In written testimony to U.S, lawmakers in June, Facebook said its employees had not spotted any misuse “in the course of their how to wear cufflinks interactions with Cambridge Analytica” during the election..