Tag: workers

Advanced in Tech & Business

Operate perk: Guelph engineering company helps workers acquire a home

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These days, receiving into the authentic estate market place is no straightforward feat. But what if your employer could assist?

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Crozier: Consulting Engineers, which not too long ago opened an workplace in Guelph, is presenting workforce up to $20,000 toward a down payment on their to start with house.

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When the operate perk is aiding attract and retain expertise, it really is also encouraging staff members get into the housing market place.

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The 1st-time house buyers’ support method will work in conjunction with the federal government’s house buyers’ plan. In the circumstance of Crozier, as extensive as an employee has worked there for over a year, the company will deposit $10,000 furthermore 10 for every cent of their foundation wage into the employee’s RRSP account tax-free as a present.

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“Any person making $100,000 will get the total $20,000 gain and that’s exactly where it caps

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At Snap and other tech firms, a harsh comedown for workers

A year into the pandemic, Evan Spiegel was flying high. The chief executive of Snap said annual revenue growth of 50% or more was a “steady state opportunity” for the social media company, requiring no additional gains in audience or innovation.

These days, things are heading in a different direction. An ex-employee freshly let go from the company’s research and development wing offered this apocalyptic view of its current status: “sinking and on fire.”

On Tuesday, Spiegel announced that the parent company of the Snapchat app would be cutting about 20% of positions, making good on layoff plans that leaked to the media in early August. Facing the chopping block are investments in gaming, third-party services and original content as well as the company’s camera-equipped drones and glasses. Two stand-alone apps the company owns, Zenly and Voisey, are also “winding down.”

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