Uber apparently squandered an estimated $100 million on third-party digital advertising campaigns. Input Mag reports: Former Sleeping Giants alum and co-founder of Check My Ads, Nandini Jammi, caught most of us up on the whole situation yesterday in a lengthy Twitter thread detailing just how Uber, the poster child of startup capitalism’s unethical robber baron mentality, managed to recently waste a…
Tag: health insurance
Amazon Now Has More Than 1 Million Employees
An anonymous reader quotes a report from CBS News: Amazon.com said it now has about 1 million employees after hiring 250,000 workers in the third quarter, part of a growth spurt driven by booming ecommerce sales during the coronavirus pandemic and a milestone for a company founded in 1995 by Jeff Bezos as an online bookseller. Despite its rapid ascent, Amazon…
Coinbase Offers Severance Package to Employees Unsatisfied With ‘Apolitical’ Mission
An anonymous reader shares a report: Coinbase CEO Brian Armstrong sent his employees a letter telling them to get in line with a new company “culture shift,” offering those unwilling to do so a “generous separation package.” Armstrong sent the letter, which CoinDesk obtained, to Coinbase employees on Wednesday, stating the time has come to have a “difficult conversation” over his…
Uber CEO On the Flight In California: ‘We Can’t Go Out and Hire 50,000 People Overnight’
In a podcast interview Wednesday, Uber CEO Dara Khosrowshahi rejected the notion his company is capable of employing all of its drivers in California, as a state judge has ordered it to do so [and comply with AB5, the state law that makes it more difficult for companies to use independent contractors]. The Verge reports: “We can’t go out and hire…
California Judge Orders Uber and Lyft To Classify Drivers As Employees
A California judge ruled that Uber and Lyft must classify their drivers as employees in a stunning preliminary injunction issued Monday afternoon. The Verge reports: The injunction is stayed for 10 days, however, giving Uber and Lyft an opportunity to appeal the decision. Uber said it planned to file an immediate emergency appeal to block the ruling from going into effect….
LinkedIn Cuts 960 Jobs as Pandemic Puts the Brakes on Corporate Hiring
Microsoft’s professional networking site LinkedIn said on Tuesday it would cut about 960 jobs, or 6% of its global workforce, as the coronavirus pandemic is having a sustained impact on demand for its recruitment products. From a report: California-based LinkedIn helps employers assess a candidate’s suitability for a role and employees use the platform to find new job. Jobs will be…
Airbnb Is Laying Off a Quarter of Its Workforce
Airbnb announced that it is laying off around a quarter of its workforce, citing revenue declines and a need to curtail costs. TechCrunch reports: In the note, written by Airbnb CEO and co-founder Brian Chesky, the company said that 1,900 employees will be laid off, or 25.3% of its 7,500 workers. The layoffs will impact a number of internal product groups,…
How Kickstarter’s New Union Negotiated Terms For Pandemic-Related Layoffs
“The COVID crisis has led to a 35% drop in live projects” says Kickstarter communications officer David Gallagher — who points out that fees on those projects are the company’s sole source of income. This led Kickstarter’s CEO to announce “sweeping layoffs of up to 45 percent of employees,” the union of Kickstarter employees tells Gizmodo. (Though Gallagher says the final…
Are There Security Risks When Millions are Suddenly Working from Home?
“The dramatic expansion of teleworking by U.S. schools, businesses and government agencies in response to the coronavirus is raising fresh questions about the capacity and security of the tools many Americans use to connect to vital workplace systems and data,” reports CNN: As of last week the Air Force’s virtual private networking software could only support 72,000 people at once, according…
Coronavirus testing in the US has been hampered by multiple problems
Test kit hitches, regulatory issues, restrictive guidelines and health insurance costs have all got in the way of testing for the covid-19 virus in the US Source: https://www.newscientist.com/article/mg24532733-600-coronavirus-testing-in-the-us-has-been-hampered-by-multiple-problems/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…