<p>The technology staffers of one of the leading newspapers in the United States, The New York Times, went on strike Monday (Nov 4), just a day ahead of the presidential elections threatening the media's big coverage of the 2024 presidential race.&nbsp;</p>

<p>The tech guild of NYT went on a strike just after midnight, as reported by the Wall Street Journal.</p>

<p>The demands of the guild included fair pay, remote work options and worker protections.</p>

<p>If the strike of the staff continues till tomorrow, this will be the first such strike to take place in the newspaper during the presidential election in the last 60 years, as per the union.</p>

<p><strong>Also Read:</strong>&nbsp;<a href="https://www.wionews.com/world/us-presidential-election-2024-key-states-for-trump-to-secure-victory-in-the-2024-election-773214">US Elections 2024: Key states for Trump to secure victory in the presidential poll</a></p>

<p>“While we respect the union’s right to engage in protected actions, we’re disappointed that colleagues would strike at this time, which is both unnecessary and at odds with our mission,” said&nbsp;The New York Times spokesperson, while speaking to The New York Post.</p>

<h2><strong>Here's how NYT staffers have planned the strike</strong></h2>

<p>According to the tech guild, the staffer will protest outside the headquarters of the company every day from 9 am Monday (Oct 4).</p>

<p>On September 10, the union voted to authorise the strike of staffers.&nbsp;</p>

<p>The union appealed to the readers of The New York Times to “honour the digital picket line” and avoid playing popular games owned by the company like Wordle or using the cooking app of Times, as per the Journal.</p>

<p>“We have been sounding the alarm for weeks and cleared our schedules to get this contract done before the election week deadline,” explained Susan DeCarava, president of the NewsGuild of New York.&nbsp;</p>

<p>“We’re disheartened that the Times is willing to gamble with its election coverage to avoid agreeing to a fair and just contract," she added.&nbsp;</p>

<p><strong>Watch:&nbsp;US Elections 2024: What Are the Key Issues For Voters in Georgia</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/us-elections-2024-what-are-the-key-issues-for-voters-in-georgia-773259/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>There are more than 600 members in the Tech Guild who work across the engineering, product, design, data and project management departments of the company.</p>

<p>Among these members of the guild, more than 400 of them are engineers which increases concerns that the strike can disrupt the news site's Election Day coverage.</p>

<p>The company, without the support of the tech staffers, can struggle in fixing bugs which they may encounter on Tuesday (Nov 5) and may also not be able to update content across some of the website's specialised election coverage tools.</p>

<p>“We’re in one of the most consequential periods of coverage for our readers and have robust plans in place to ensure that we are able to fulfil our mission and serve our readers,” said The New York Times spokesperson, while speaking to The New York Post.</p>

<p><em>(With inputs from agencies)</em></p>


The technology staffers of one of the leading newspapers in the United States, The New York Times, went on strike Monday (Nov 4), just a day ahead of the presidential elections threatening the media's big coverage of the 2024 presidential race.

The technology staffers of one of the leading newspapers in the United States, The New York Times, went on strike Monday (Nov 4), just a day ahead of the presidential elections threatening the media's big coverage of the 2024 presidential race. The tech guild of NYT went on a strike just after midnight, as reported by the Wall Street Journal. The demands of the guild included fair pay, remote work options and worker protections. If the strike of the staff continues till tomorrow, this will be the first such strike to take place in the newspaper during the presidential election in the last 60 years, as per the union. Also Read: US Elections 2024: Key states for Trump to secure victory in the presidential poll “While we respect the union’s right to engage in protected actions, we’re disappointed that colleagues would strike at this time, which is both unnecessary and at odds with our mission,” said The New York Times spokesperson, while speaking to The New York Post. Here's how NYT staffers have planned the strike According to the tech guild, the staffer will protest outside the headquarters of the company every day from 9 am Monday (Oct 4). On September 10, the union voted to authorise the strike of staffers. The union appealed to the readers of The New York Times to “honour the digital picket line” and avoid playing popular games owned by the company like Wordle or using the cooking app of Times, as per the Journal. “We have been sounding the alarm for weeks and cleared our schedules to get this contract done before the election week deadline,” explained Susan DeCarava, president of the NewsGuild of New York. “We’re disheartened that the Times is willing to gamble with its election coverage to avoid agreeing to a fair and just contract," she added. Watch: US Elections 2024: What Are the Key Issues For Voters in Georgia There are more than 600 members in the Tech Guild who work across the engineering, product, design, data and project management departments of the company. Among these members of the guild, more than 400 of them are engineers which increases concerns that the strike can disrupt the news site's Election Day coverage. The company, without the support of the tech staffers, can struggle in fixing bugs which they may encounter on Tuesday (Nov 5) and may also not be able to update content across some of the website's specialised election coverage tools. “We’re in one of the most consequential periods of coverage for our readers and have robust plans in place to ensure that we are able to fulfil our mission and serve our readers,” said The New York Times spokesperson, while speaking to The New York Post. (With inputs from agencies)

Tech staff at New York Times goes on strike, threatens paper's Election Day coverage

<p>In an unprecedented move, Ideas2IT, an India-headquartered tech firm has announced that 33% of the $100 million company's ownership would be transferred to its employees. Of the 33% stake in the company, 5% would be given to 40 select employees who have been with the firm since its inception (in 2009) and the rest would be distributed to the remaining 700 personnel. In addition to this, the firm is also giving away 50 cars to 50 employees, who have served with them for more than five years.&nbsp;</p>

<p>"Having started off in 2009, we've grown to a $100 million firm and we wanted to share the fruits of this with our employees.&nbsp;This is part of our wealth-sharing initiative. We have a total of 750 employees spread across India, US and Mexico. Employees spend some 30-40 per cent of their waking hours for the company. We believe in Lofty goals and Happy journey. This idea is poised to transform the employees working experience and forge a strong collaborative corporate culture, emotional attachment with the company" Murali Vivekanandan, Founder, Ideas2IT told WION.&nbsp;</p>

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<p dir="ltr" lang="en">Statement from Ideas2IT, announcing the unprecedented initiative of giving away 33% of their $100mn firm's ownership to employees..<br />
<br />
Officials tell me- We don't hunt for <a href="https://twitter.com/hashtag/IIT?src=hash&amp;ref_src=twsrc%5Etfw">#IIT</a>, instead we hire <a href="https://twitter.com/hashtag/software?src=hash&amp;ref_src=twsrc%5Etfw">#software</a> <a href="https://twitter.com/hashtag/tech?src=hash&amp;ref_src=twsrc%5Etfw">#tech</a> <a href="https://twitter.com/hashtag/Engineering?src=hash&amp;ref_src=twsrc%5Etfw">#Engineering</a> grads from Tier-2&amp; 3 cities, modest backgrounds <a href="https://t.co/oiOglE7NJr">https://t.co/oiOglE7NJr</a> <a href="https://t.co/NbsTdQuZQ8">pic.twitter.com/NbsTdQuZQ8</a></p>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1742190864095674507?ref_src=twsrc%5Etfw">January 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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<p>According to the company, this 'Employee Ownership Programme' would make the employees valued stakeholders, thereby aligning their interests directly with the company's long-term success. "We are now valued at $100 million and we have a strategy to triple this in a span of four years" said Murali Vivekanandan, who calls himself a Bay Area techie, who has worked at Sun, Oracle, and Google, among others, before starting the custom software engineering firm Ideas2IT. Now based in the US, he shuttles between Chennai, India and Mexico.</p>

<p>Within the price range of Rs. 8-15 lakhs, we've allowed employees to pick vehicles of their choice from the Maruti Suzuki lineup and these vehicles would be completely registered in the employee's name, there's no strings attached whatsoever and there's no expenditure for the employees, say company officials.&nbsp;According to the firm, they've given away only 50 cars this time, as they had already&nbsp;given away 100 cars to employees who had then completed five years, as of 2022.&nbsp;</p>

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<p dir="ltr" lang="en">Ideas2IT, <a href="https://twitter.com/hashtag/tech?src=hash&amp;ref_src=twsrc%5Etfw">#tech</a> firm valued at $100mn, announces transfer of 1/3rd of company ownership to its most-trusted employees<br />
<br />
They've just given away 50cars(₹8-15lakh range) to those that have served 5+yrs..In 2022, 100 staff got cars(regd in own name)<a href="https://twitter.com/hashtag/chennai?src=hash&amp;ref_src=twsrc%5Etfw">#chennai</a> <a href="https://twitter.com/hashtag/india?src=hash&amp;ref_src=twsrc%5Etfw">#india</a> <a href="https://twitter.com/hashtag/business?src=hash&amp;ref_src=twsrc%5Etfw">#business</a>… <a href="https://t.co/yYXA7Isddm">pic.twitter.com/yYXA7Isddm</a></p>
— Sidharth.M.P (@sdhrthmp) <a href="https://twitter.com/sdhrthmp/status/1742174388764708912?ref_src=twsrc%5Etfw">January 2, 2024</a></blockquote>
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<p>"When we initially gave away as many cars, people doubted whether we could sustain this. However, now we've gone much beyond cars and given away 33 per cent of the firm's ownership to our staff," says Gayathri Vivekanandan, CEO, Ideas2IT.&nbsp;</p>

<p>Queried about how the company manages to carry out such initiatives, amid uncertain market conditions and fluctuations, Murali tells WION that their firm has many Fortune 500 clients who span across sectors, therefore, ensuring a steady growth. In recent years, we've been growing at 30 per cent and some sectors that we cater to have remained consistent or steady-growing.</p>

<p>He adds that his firm does not go after IITians or the best graduates from top-tier engineering colleges. Instead, they recruit those from modest backgrounds and lesser-known colleges. "90 per cent of our employees are from tier-2 or tier 3 Indian cities. We mainly look for freshers and those who are sharp and quick-to-grasp. We don't deeply analyze their programming ability or knowledge, we just want those who learn on the job and deliver,"&nbsp;he says.</p>

<p>However, getting into this firm is not easy, as their recruitment process is very stringent. Officials say that they screen more than 10,000 students and end up picking barely 50 of them.&nbsp;</p>


In an unprecedented move, Ideas2IT, an India-headquartered tech firm has announced that 33% of the $100 million company's ownership would be transferred to its employees.

In an unprecedented move, Ideas2IT, an India-headquartered tech firm has announced that 33% of the $100 million company's ownership would be transferred to its employees. Of the 33% stake in the company, 5% would be given to 40 select employees who have been with the firm since its inception (in 2009) and the rest would be distributed to the remaining 700 personnel. In addition to this, the firm is also giving away 50 cars to 50 employees, who have served with them for more than five years. "Having started off in 2009, we've grown to a $100 million firm and we wanted to share the fruits of this with our employees. This is part of our wealth-sharing initiative. We have a total of 750 employees spread across India, US and Mexico. Employees spend some 30-40 per cent of their waking hours for the company. We believe in Lofty goals and Happy journey. This idea is poised to transform the employees working experience and forge a strong collaborative corporate culture, emotional attachment with the company" Murali Vivekanandan, Founder, Ideas2IT told WION. Statement from Ideas2IT, announcing the unprecedented initiative of giving away 33% of their $100mn firm's ownership to employees.. Officials tell me- We don't hunt for #IIT, instead we hire #software #tech #Engineering grads from Tier-2& 3 cities, modest backgrounds https://t.co/oiOglE7NJr pic.twitter.com/NbsTdQuZQ8 — Sidharth.M.P (@sdhrthmp) January 2, 2024 × According to the company, this 'Employee Ownership Programme' would make the employees valued stakeholders, thereby aligning their interests directly with the company's long-term success. "We are now valued at $100 million and we have a strategy to triple this in a span of four years" said Murali Vivekanandan, who calls himself a Bay Area techie, who has worked at Sun, Oracle, and Google, among others, before starting the custom software engineering firm Ideas2IT. Now based in the US, he shuttles between Chennai, India and Mexico. Within the price range of Rs. 8-15 lakhs, we've allowed employees to pick vehicles of their choice from the Maruti Suzuki lineup and these vehicles would be completely registered in the employee's name, there's no strings attached whatsoever and there's no expenditure for the employees, say company officials. According to the firm, they've given away only 50 cars this time, as they had already given away 100 cars to employees who had then completed five years, as of 2022. Ideas2IT, #tech firm valued at $100mn, announces transfer of 1/3rd of company ownership to its most-trusted employees They've just given away 50cars(₹8-15lakh range) to those that have served 5+yrs..In 2022, 100 staff got cars(regd in own name)#chennai #india #business… pic.twitter.com/yYXA7Isddm — Sidharth.M.P (@sdhrthmp) January 2, 2024 × "When we initially gave away as many cars, people doubted whether we could sustain this. However, now we've gone much beyond cars and given away 33 per cent of the firm's ownership to our staff," says Gayathri Vivekanandan, CEO, Ideas2IT. Queried about how the company manages to carry out such initiatives, amid uncertain market conditions and fluctuations, Murali tells WION that their firm has many Fortune 500 clients who span across sectors, therefore, ensuring a steady growth. In recent years, we've been growing at 30 per cent and some sectors that we cater to have remained consistent or steady-growing. He adds that his firm does not go after IITians or the best graduates from top-tier engineering colleges. Instead, they recruit those from modest backgrounds and lesser-known colleges. "90 per cent of our employees are from tier-2 or tier 3 Indian cities. We mainly look for freshers and those who are sharp and quick-to-grasp. We don't deeply analyze their programming ability or knowledge, we just want those who learn on the job and deliver," he says. However, getting into this firm is not easy, as their recruitment process is very stringent. Officials say that they screen more than 10,000 students and end up picking barely 50 of them.

India: Tech firm valued at $100 million gives away 33 per cent ownership to staff

American Express is looking to hire around 1,500 people for technology roles, shrugging off fears of an economic slowdown that has prompted other US financial companies to cut jobs in recent months.

World Business Watch: American Express to hire 1,500 tech staff by year-end

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