Business Butler Blog - December 2021
Small business owners facing a challenging new year
Posted on: 16/12/2021 by: David Morgan in: SMEs
With so many businesses struggling with debts as a result of the Covid 19 pandemic and the furlough scheme having ended two months ago, only now are we beginning to see the devastating effects on small businesses.
Recent research reveals that a third of small businesses in the UK are planning on making redundancies over the next few months and this figure increases to four out of 10 ...
CEO fires 900 workers on a Zoom call
Posted on: 09/12/2021 by: David Morgan in: HR, Management
Until a week ago few people would have heard the name Vishal Garg unless they were unfortunate enough to work for him. As the CEO of Better.com, an online mortgage company based in New York, he recently made headlines around the world for his ruthless approach to staff redundancies.
The bearer of bad news
Garg gathered together 900 staff for a Zoom call and fired th...
Bounce Back Loan fraud to cost taxpayers billions
Posted on: 09/12/2021 by: David Morgan in: Financial, Funding, SMEs, Business Support
Payments made from the government’s Covid emergency lending programme to fraudulent companies will cost taxpayers £4.9 billion. The funding was essential to safeguard millions of jobs and keep businesses afloat but in the rush to make the credit available it appears that fraud prevention measures were not implemented in time.
Concerns were raised before launch
The g...
Lush cosmetics closes some of its social media accounts
Posted on: 04/12/2021 by: David Morgan in: Social Media
Evidence reveals that social media platforms can have a negative effect on the mental health of its users and much to everyone’s frustration, the powers that be don’t take any action. So it is refreshing to see global cosmetics giant Lush take a stance by closing down some of its social media accounts in the wake of Facebook whistleblower Frances Haugen's revelations.
Rolled out a...