As a leader in tech, Verizon Media looks to carve out a path for others to follow in supporting workers' mental health, CEO Guru Gowrappan, told Cheddar.
While coronavirus is an obvious physical health concern, the mental impacts of the pandemic, lockdowns, and other issues sweeping the U.S., Gowrappan said, are necessary for companies to address and aid with when it relates to their employees.
"We've given free 24/7 confidential crisis and counseling support," he explained. "One stat I've seen, 57 percent are feeling greater anxiety and more than 50 percent are saying they are feeling more emotionally exhausted."
Practices for employee well-being have been in place at Verizon Media, Gowrappan said, but the emphasis on services are needed more than ever.
"Companies will ultimately be judged by their actions. How quickly they change and define new norms to maybe support their employees and society," he said.
For Verizon Media, employee well-being is a priority, according to the CEO, but Gowrappan also said that the company is committed to providing support for its customer base.
"We started launching programs really focused on mental health and that how we're addressing all customer segments as well," he noted
Perhaps even more impressive is Verizon Media's commitment to the betterment of society at large through its creation of a life services platform and a donation of 10 million ad dollars, specifically for mental and public health services.
"We recently launched something called Yahoo Life, which is dedicated on providing well-being education, news, and resources for mental, physical, and emotional well-being," Gowrappan told Cheddar.
While spending is down across the board in most industries, particularly in ad spending, Gowrappan expects business to "bounce back" as the economy recovers from the effects of the pandemic.
"I do think there's going to be a positive momentum eventually. We feel good about that," he said.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
At 100 years old, the Goodyear Blimp is an ageless star in the sky. The 246-foot-long airship will be in the background of the Daytona 500 — flying roughly 1,500 feet above Daytona International Speedway, actually — to celebrate its greatest anniversary tour. Even though remote camera technologies are improving regularly and changing the landscape of aerial footage, the blimp continues to carve out a niche. At Daytona, with the usual 40-car field racing around a 2½-mile superspeedway, views from the blimp aptly provide the scope of the event.
You'll just have to wait for interest rates (and prices) to go down. Plus, this deal's a steel, the big carmaker wedding is off, and bribery is back, baby!
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
William Falcon, CEO and Founder of Lightning AI, discusses the ongoing feud between Elon Musk and Sam Altman, and how everyday people can use AI in their lives.
