May 21, 2020: According to Facebook research it states than 31% of the SMB and 52% of the personal business have stopped functioning. It is well known to us that approximately 70% of the new job in the countries are from the Small business and as the unemployment claim raising to $36.5 million people last week we are in a state to contribute much towards the small business and help them to get them on track.
There have been layoffs in recent days as the company had no choice but just let go of the employee as there is no cash flow the markets are not performing, there is no new customer, the company budgets has shrunk. When we asked the companies and managers if they would hire the same number of employees whom they laid off, the answer was “NO” for 45% of the company where they would just need the limited resource.
It is not that the companies are not willing to hire the same number of employees but, the company is not able to hire the same. The major problems for all the companies in the next few months are that there would be less demand, there will be less cash flow. The companies in debt would have to pay it back irrespective of having customers or not.
Facebook has launched a new app called Facebook Shops, where the company is allowing the companies to create their brand store online with the option to design the shop according to brand color design and images on the cover etc. The customer has an option to communicate directly to the owner through messenger, Whatsapp, and Instagram messages will replicate the similar format of going to store and asking the salesperson within the store.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.