Estonia – Artifex.News https://artifex.news Stay Connected. Stay Informed. Thu, 31 Oct 2024 05:27:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://artifex.news/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Estonia – Artifex.News https://artifex.news 32 32 Bolt’s Billionaire CEO Cracks Down On Remote Work https://artifex.news/stop-the-insanity-bolts-billionaire-ceo-cracks-down-on-remote-work-6913161/ Thu, 31 Oct 2024 05:27:06 +0000 https://artifex.news/stop-the-insanity-bolts-billionaire-ceo-cracks-down-on-remote-work-6913161/ Read More “Bolt’s Billionaire CEO Cracks Down On Remote Work” »

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Bolt, the Estonian rival to ride-hailing app Uber, is calling its employees back to the office three days a week after its Chief Executive Officer (CEO) decried his “disconnected” staff’s habit of working from idyllic destinations like Bali. According to the Telegraph, Markus Villig, the billionaire boss of the taxi-hailing smartphone app, partially revoked the company’s flexible work policy, which he believes led to staff being scattered across the world. He introduced a new mandatory policy requiring all employees to work from the office three days a week or 12 days per month.

In an internal memo obtained by the Telegraph, Mr Villig said it was a “disgrace” that less than half of employees worked in the office for at least two days each week. He also criticised employees logging in from the beach. 

“We are too scattered, people feel disconnected, attrition is too high, and our offices lie empty,” the CEO said. “We will stop the insanity of people working remotely from places like Bali. That is a vacation, not what we hired them to do,” Mr Villig added. 

In his memo, the billionaire boss claimed that working in person will improve relationship-building, communication and mental well-being among employees. He urged the team managers to lend their support by leading by example and creating a “fun” office environment. He also asked them to monitor and manage the poor attendance of employees working from home too much. 

“We are absolutely fine if some people decide this is not for them, as the cultural impact far outweighs it,” the CEO said. 

Also Read | This Country’s Economy Boomed After Introducing 4-Day Workweek, Finds Research

Further, according to the Telegraph, Mr Villig described the new policy as “generous” compared to other companies, including Amazon which last month ordered its workers to return to office five days a week. Mr Villig also warned that his company could “fall into mediocrity” if the firm does not improve its performance. 

“Even the largest companies from Amazon to Tesla to Apple realise that in order to stay at the top they have to retain an intense culture and have got people back to office three to five days a week. We are a tiny company in comparison and to ever reach that scale we have to work harder and innovate more than them,” he wrote. 

Bolt’s global employer branding manager Grete Kivi separately defended the new policy. “Working at Bolt is not for everyone. We’re fast-paced, and you’re expected to perform to the highest standard. Bolt has never been a remote-first company, and we’ve been clear about that from the start,” she wrote on LinkedIn. 

Notably, the shift to hybrid means staff will still have some flexibility, but will need to live within travel distance to a Bolt office. The taxi-hailing smartphone app employs 4,000 people across 50 countries, including the UK.





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Australian Billionaire Tim Heath Foils Kidnapping Plot Days Before Launching $100 Million Casino https://artifex.news/australian-billionaire-tim-heath-foils-kidnapping-plot-days-before-launching-100-million-casino-6864352/ Thu, 24 Oct 2024 12:35:12 +0000 https://artifex.news/australian-billionaire-tim-heath-foils-kidnapping-plot-days-before-launching-100-million-casino-6864352/ Read More “Australian Billionaire Tim Heath Foils Kidnapping Plot Days Before Launching $100 Million Casino” »

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After avoiding an Estonian kidnapping plot, Australian cryptocurrency billionaire Tim Heath, who had previously maintained a low profile and was not well-known, has made headlines in all major media channels.

In late July, Mr Heath, who is rated 62nd on The Australian’s 250 Rich List, was allegedly attacked at his flat in Tallinn, the capital of Estonia, but he was able to stop the attempted kidnapping.

Men wearing hi-vis vests and pretending as painter-decorators attacked the 46-year-old with the intention of kidnapping him and taking him to a distant hiding place.

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“It was only after a second-tier Tallinn Circuit Court hearing concerning one of the suspects, Georgian citizen Ilgar Mamedov, who had been held in custody since the attack and was requesting release, that the paper learnt of the kidnapping attempt, which was fortunately foiled as the target was able to fight off his assailants once they had pounced,” News Corp Australia reported, translating a report by investigative weekly Eesti Ekspress.

“The criminals had reportedly bought equipment they thought they needed from a hardware store days before and planned to take their victim to a remote hideout in the Kakerdaja bog, around 65 kilometres from Tallinn.”

Fortunately, Mr Heath was able to “fight off his assailants once they had pounced” and occurred just over a week before the grand opening of his $100 million Bombay Club, a land-based casino for high rollers that features opulent gaming rooms, guest rooms, cigar lounges, and restaurants, according to News.com.au.




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