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Inside Tesla's chaotic month of brutal layoffs
  + stars: | 2024-05-11 | by ( Grace Kay | ) www.businessinsider.com   time to read: +6 min
Several executives at the company have departed and Tesla workers say morale is flagging. AdvertisementTesla faces headwindsAhead of the layoffs, Tesla's delivery numbers slumped, falling below Wall Street's estimates. AdvertisementMore on the EV slowdown:The cuts commenceBefore Musk notified staff of the mass layoff, workers had been wary of impending cuts. Tesla workers hadn't seen such a deep cut since 2022 when Tesla slashed 10% of its salaried staff. In the weeks that followed, Musk cut Tesla's US advertising team and reportedly chose to slash Tesla's entire Supercharging team, as well as its vehicle programs and new product introduction team.
Persons: , Elon, Musk, Tesla, Elon Musk, Omar Marques, they'd, Tesla's, he'd, Justin Sullivan, Tom Zhu Organizations: Service, Business, Tesla, Musk, Bloomberg, Getty Locations: Tesla, Berlin, China —, Fremont, California, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Sen. Toomey on Biden's Rafah threat, efforts to oust House Speaker Johnson & 2024 electionFormer U.S. Sen. Pat Toomey (R-Pa.) joins 'Squawk Box' to discuss President Biden's Rafah threat to Israel, why he believes the threat is a misguided foreign policy decision, GOP-led efforts to oust House Speaker Mike Johnson, state of the 2024 election, and more.
Persons: Former Sen, Toomey, Johnson, U.S . Sen, Pat Toomey, Biden's, Mike Johnson Organizations: Former, U.S ., GOP Locations: Biden's Rafah, Israel
Barron Trump gets into politics
  + stars: | 2024-05-09 | by ( Brent D. Griffiths | ) www.businessinsider.com   time to read: +2 min
Barron Trump is set for to share in Donald Trump's big moment. Trump's youngest son will be a delegate to this July's Republican National Convention. Florida Republicans selected Barron Trump, 18, as an at-large delegate to the Republican National Convention in Milwaukee this July. Tiffany Boulos, Trump's youngest daughter, and her husband, Michael, are also at-large delegates. Trump, who also served in the Trump administration, said she would stay away from her father's bid to reclaim the White House.
Persons: Barron Trump, Donald Trump's, , Trump, Barron, Juan Merchan, Donald Trump Jr, Eric Trump, Tiffany Boulos, Michael, Kimberly Guifoyle, Ivanka Trump, Jared Kushner, Ron DeSantis, Joe Biden Organizations: Republican National Convention, Service, Florida Republicans, Politico, NBC, Republican, Former Fox News, Trump Jr, White, Sunshine, Florida Gov, Trump Locations: Milwaukee, Florida
President Biden’s warning over halting weapons supplies has tightened the bind that Prime Minister Benjamin Netanyahu of Israel faces, as he is increasingly caught between international calls for a cease-fire and right-wing Israeli demands to proceed with a wide-scale invasion of Rafah, in southern Gaza. Mr. Netanyahu, who has insisted over American objections that invading Rafah is necessary, now finds the U.S.-Israel relationship at a moment of crisis that could affect how he conducts the next phase of the war against Hamas. On Thursday, the Israeli leader, alluding to Mr. Biden’s remarks, said in a statement: “If we need to stand alone, we will stand alone. I have said that, if necessary, we will fight with our fingernails. “If we lose the United States with the unbelievable friendship of President Biden, it won’t be forgiven,” he added.
Persons: Biden’s, Benjamin Netanyahu, Israel, Netanyahu, God’s, Biden, , Amos Gilead Organizations: Hamas, United, United Nations Locations: Rafah, Gaza, U.S, Israel, United States
The untimely death of a 35-year-old Bank of America associate has sparked a conversation across Wall Street over working conditions. "And to at least just start having those conversations as to how they can make junior bankers work life much better because it's been long overdue. At BofA, 100-plus hour weeks logged by junior bankers aren't unusual, said current and former employees, who questioned whether the firm's system for flagging excessive amounts of work was actually effective. But some junior bankers felt dismayed by an apparent lack of written communication from bank leaders about the incident, this person added. Crushing exhaustion, heightened demandsThe former BofA investment-banking analyst, who was not on Lukenas' team, quit in 2023 after two years.
Persons: Leo Lukenas III, BofA, Lukenas, it's, Goldman Sachs, Lukenas —, , UMB, Christopher Perkins, Perkins, Les Lukenas, Green, Leo, Reed Alexander, Emmalyse Organizations: Service, of America, Wall, Army, Green Beret, Special Forces, Reuters, New York Office, Business, Bank of America, Investment, Goldman, Heartland Financial, Inc, FIG, Citigroup, Veterans, BI, LinkedIn, Green Berets, Army Special Forces Locations: BofA, London, Wall, ebrownstein@businessinsider.com
In Donald Trump’s felony trial last week, we heard about Hulk Hogan’s sex tape, and we watched Hope Hicks cry. So far this week, we heard all about ledgers, invoices and accounts payable stamps. We watched as a loyal Trump accountant authenticated Allen Weisselberg’s handwriting. The same documents with different dates popped up not once or twice but over and over again. The documents were validated today by a former senior vice president of the Trump Organization, Jeffrey McConney, and an accounts payable supervisor, Deborah Tarasoff, both of whose legal fees are being paid by the company.
Persons: Donald Trump’s, Hope Hicks, Allen, Trump, Michael Cohen, Jeffrey McConney, Deborah Tarasoff Organizations: Trump, Trump Organization
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Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. A month earlier, on the opposite coast in downtown Manhattan, FTX's Sam Bankman-Fried received a 25-year prison sentence for his crimes. At the beginning of his trial, SBF sported a fresh haircut and wore suits, but by its end, his curls were wild again. Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. watch nowMoney makes all the differenceUnlike SBF, CZ didn't have his wealth wiped out by bankruptcy of the crypto company he founded.
Persons: Sam Bankman, Zhao Changpeng, Mike Segar, Benjamin Girette, Changpeng Zhao, FTX's Sam Bankman, Fried, Zhao, Binance's Zhao, FTX's, Toyotas, Braden Perry, Perry, Manfred, SBF, Michael Lewis, Lewis, Sam didn't, Amr Alfiky, Sam, Caroline Ellison, , Zhao's, Yi He, Binance, David Ryder, Yang, Rachel Zhao, Yesha Yadav, Yadav, Mark Bini, Lewis Kaplan, Bankman, Kaplan, perjured, Neama Rahmani, Rahmani, Tre Lovell, Zhao hasn't, Lovell, weren't, FTX Organizations: Reuters, Bloomberg, Getty, Department of Justice, CFTC, Stanford University's, Bankman, CZ, Staff, Reuters Prosecutors, Alameda Research, Vanderbilt University, Wall Street, CNBC, FTX, Emergency Economic, Justice Department, DOJ Locations: Seattle, Manhattan, California, Hong Kong, Bahamas, Palo Alto, U.S, New York City, Alameda, Seattle , Washington, Paris, France, Angeles, Binance, Dubai, Delaware
A child shrieks in pain in a medical tent at a field clinic in southern Gaza. It is the psychological obliteration: What makes the trauma different in Gaza is the sheer constancy of it. Trauma compounds trauma every single day; there is no respite, not even a brief one. Death and destruction are not unique to the war in Gaza, but the scale and the scope are, as is the intensity and ferocity. Arwa Damon leads an activity with children at one of the shelters where INARA provides services in southern Gaza.
Persons: Arwa Damon, Arwa Damon CNN I’m, We’re, I’ve, , you’ve, she’s, mumbling, — “, it’s, won’t, Ahmed, , doesn’t, Benjamin Netanyahu, Netanyahu, Israel, ” Damon, Gazans, he’s, He’s Organizations: CNN, International Network for Aid, Relief, INARA, Twitter Locations: Gaza, Iraq, Syria, Libya, Afghanistan, Egypt, Israel, Rafah, Cairo, people’s
Washington CNN —President Joe Biden on Friday honored 19 Americans with the nation’s highest civilian honor, the Presidential Medal of Freedom - a diverse list that includes some high-profile Biden political allies, celebrities, civil rights leaders and even one of his former political rivals-turned-financial backer. The list included two of Biden’s core allies in the House of Representatives: former House Speaker Nancy Pelosi and South Carolina Rep. Jim Clyburn. President Joe Biden awards the Medal of Freedom to Democratic Rep. James Clyburn during a ceremony in the East Room of the White House on May 3, 2024 in Washington, DC. President Joe Biden presents the Presidential Medal of Freedom to Olympic swimmer Katie Ledecky during a ceremony at the White House in Washington, DC, on May 3, 2024. They are the pinnacle of leadership in their fields,” the White House said in the statement.
Persons: Joe Biden, Biden, Nancy Pelosi, Jim Clyburn, Pelosi, Donald Trump, , ” Biden, “ Nancy, Paul, ” Clyburn, coalescing, Clyburn, James Clyburn, Kevin Dietsch, Jim, , Michael Bloomberg, Michelle Yeoh –, Barack Obama, Sen, Elizabeth Dole, Bob Dole, Al Gore –, John Kerry, George W, Bush, Gore “, Donald Trump’s, Kerry, Opal Lee, Medgar Evers, Frank Lautenberg, Jim Thorpe, Clarence B, Jones, Martin Luther King’s, Juneteenth, Judy Shepard, Matthew, Jane Rigby, Ellen Ochoa, Katie Ledecky, Phil Donahue, Greg Boyle, United Farm Workers Teresa Romero, Evelyn Hockstein, Simone Biles, John McCain, Gabby Giffords Organizations: Washington CNN, South Carolina Rep, Democratic, Representatives, Democratic Rep, White, New York, Bloomberg, Republican, Getty, Jesuit Catholic, United Farm Workers, Reuters “ Locations: South Carolina, Washington , DC, Florida, United States, North Carolina, Massachusetts, American, Delaware, Washington ,
Rwanda, the court said, might send them back to countries where their lives could be at risk. The law that passed last week aims to override that court ruling by declaring that Rwanda is safe. Legality aside, it has never been clear that the policy is even capable of working. So what is the point of the Rwanda policy? But Mr. Sunak — under pressure from his party’s right to accede to their demands on immigration — needs an emphatic win, or at least something that looks like one.
Persons: , Rishi Sunak, Priti Patel, ” It’s, Sunak’s, Sunak, Liz Truss, Mr, He’s Organizations: United Nations ’, Rwanda —, Conservative Party, Labour, Mr, Conservative Locations: Rwanda, Kigali
The law firm at LaRocca, Hornik, Greenberg, Kittredge, Carlin & McPartland asked to withdraw from the case filed by Arlene "A.J." Delgado told Parker in a filing Monday that she objected to LaRocca, Hornik's motion to withdraw from the case. Defendants include Donald J. Trump For President, Inc., former Trump White House chief of staff Reince Priebus, former White House advisor Steve Bannon and former White House press secretary Sean Spicer. Delgado noted that on April 24, Parker had granted her request that Trump's campaign "must produce any complaints of: gender discrimination, pregnancy discrimination, and sexual harassment, through the 2020-election cycle." CNBC has requested comment from one of LaRocca, Hornik's lawyers, and from a spokesman for Trump's current campaign for president.
Persons: Donald Trump's, Hornik, Greenberg, Kittredge, Carlin, McPartland, Arlene " A.J, Delgado, Katharine Parker, Jason Miller, Parker, LaRocca, Donald J, Reince Priebus, White, Steve Bannon, Sean Spicer Organizations: Trump, Inc, Trump White House, White House, CNBC Locations: New York, LaRocca, U.S, Manhattan
NPR declined to comment, but Ms. Maher may have a scheduling conflict. According to an agenda of NPR’s upcoming board of directors meeting, Ms. Maher is scheduled to convene with NPR’s board all day on May 8. Mr. Berliner’s essay has generated vociferous pushback from many employees at NPR, who say that many of his points were factually inaccurate. In one post, from 2018, Ms. Maher called Mr. Trump a “racist”; another from 2020 showed her wearing a hat with the logo of the Biden campaign. NPR has said that Ms. Maher, the former chief executive of Wikimedia, wasn’t working in news at the time she made the posts, and added that she was exercising her First Amendment right to free expression.
Persons: Maher, Uri Berliner, Berliner, Hunter, Tony Cavin, NPR’s, Robert S, Mueller III, hewed, Donald J, Trump, Biden Organizations: NPR, Trump, Wikimedia
CNN —Donald Trump used his day off from a criminal trial related to a past election to cast a dark, familiar shadow over the next one. Trump cut an unrecognizable figure from the grim ex-president who bleats a daily dirge of complaints about his hush money trial outside Judge Juan Merchan’s court. On specific issues, surveys show Trump leading Biden on most issues including the economy, immigration, and the Israel-Hamas war. “A chilling glimpse into Trump’s second term plansSix months before the election, Trump’s searing campaign rhetoric is becoming less an exercise in performative demagoguery than a blueprint for a potential second term. In the Time interview, Trump comes across as confident and determined to learn the lessons of his first term in which he claims he was let down by “bad” officials.
Persons: Donald Trump, Joe Biden, , Trump, bleats, Juan Merchan’s, ” Trump, he’s, Merchan, Joe Biden’s, Biden, Kamala Harris, Roe, Wade, David Axelrod, Barack Obama, Axelrod, CNN’s Erin Burnett, , Trump’s, doesn’t, he’d, It’s, Eric Cortellessa, ” He’s, quagmire, it’s Organizations: CNN, Milwaukee Journal Sentinel, Capitol, shudder, White, Democratic Party, , Columbia University, Trump, National Guard, Guard, Republican, , Locations: Wisconsin, Michigan, Manhattan, America, crackdowns, , “ New York, North Carolina, Israel, Florida, Freeland , Michigan, Washington, China
Former U.S. President Donald Trump speaks to members of the media at Manhattan criminal court in New York, U.S., on Friday, April 26, 2024. The New York criminal trial of Donald Trump is set to resume Tuesday with more testimony from a banker who worked with the former president's lawyer on a $130,000 hush money payment to porn star Stormy Daniels. That payment is at the heart of Manhattan prosecutors' case accusing Trump of falsifying business records as part of a scheme to influence the 2016 presidential election. Gary Farro, a former senior managing director at First Republic bank, took the stand Friday and is poised to continue testifying Tuesday. The historic trial kicked off in state Supreme Court last week with opening statements and testimony from the first witnesses, including former National Enquirer publisher David Pecker and Trump's longtime personal secretary Rhona Graff.
Persons: Donald Trump, Stormy Daniels, Trump, Gary Farro, David Pecker, Rhona Graff, Pecker Organizations: U.S, New, First, National Enquirer, American Media Locations: Manhattan, New York, U.S, First Republic
Influential proxy advisory firm ISS recommended on Tuesday that Norfolk Southern shareholders support five of activist Ancora's seven board nominees, withholding an endorsement from CEO pick Jim Barber but describing him as a "credible director and CEO candidate nonetheless." Ancora is seeking to oust both current CEO Shaw and newly appointed COO John Orr. ISS recommends shareholders support Ancora nominees William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry and John Kasich. "As board chair, Amy Miles arguably bears the most responsibility for this state of affairs," ISS' report read. WATCH: CNBC's full interview with NSC CEO Shaw on activist campaign
Persons: Jim Barber, Glass Lewis, Alan Shaw's, Barber, Amy Miles, Ancora, Shaw, John Orr, William Clyburn, Sameh Fahmy, Gilbert Lamphere, Allison Landry, John Kasich, Orr, Sen, Heidi Heitkamp, Richard Anderson Organizations: Norfolk, ISS, CNBC, Vanguard, BlackRock, Norfolk Southern, Delta Locations: Norfolk Southern, East Palestine , Ohio, Norfolk
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Former federal prosecutor Neama Rahmani agrees, adding that Zhao's personal wealth won't be affected by his sentence. That's a different siutation from Sam Bankman-Fried, the controversial ex-CEO and founder of crypto exchange FTX. Bankman-Fried received a 25-year prison term for crimes connected to the operation of his crypto exchange. "Negative long-term impact on Binance will diminish the value of CZ's investment in the crypto exchange," said Yadav.
Persons: Changpeng Zhao, Reuters Changpeng Zhao, Zhao, Gabriel Abed, Richard Jones, Tre Lovell, Neama Rahmani, David Ryder, Binance, Braden Perry, Sam Bankman, Joshua de Vos, de Vos, Fried, Yesha Yadav, That's, Forbes, he's, Lucas Kiely, Kiely —, , Yadav, it's Organizations: Staff, Reuters, CNBC, U.S, U.S . Department of Justice, District, Toyota, Bloomberg, Getty, Bank, Commodity Futures Trading Commission, Vanderbilt University, Department, Securities and Exchange Commission, SEC Locations: Paris, France, Seattle, Zhao, Binance, Los Angeles, Seattle , Washington, Dubai, U.S, bitcoin, Iran
Even the human-resources firm retained to help employees with offboarding, Tandem, quit soon after the layoffs because it never got paid. Shannon Flynn Bevers, Tandem's president and founder, said that she tried to help employees but that Johnson stopped responding. "When startups go out of business, they will pay employees their final paycheck. Johnson told employees to take a weeklong furlough and blamed the issue on a technical snafu. She also told employees they could file a claim with their state labor department or hire an employment lawyer.
Persons: Slack, Shiloh Johnson, Johnson, they'd, Benjamin Matthews, Shannon Flynn Bevers, I've, Flynn Bevers, VCs, Josh Felser, Aerin Paulo, ComplYant's, I'd, ComplYant, podcaster David Sacks, Michael Tam, Tam, Matthews, Ryan Cady, Lusely Martinez, Martinez, Cady, paychecks, wasn't, Taliah McGuire, McGuire, what's, Shiloh Luckey, Penelope, We've Organizations: Business, offboarding, . Venture, BI, Craft Ventures, ComplYant, Mucker, Slauson, — Mucker, Fika Ventures, Employees Locations: Los Angeles, Shiloh, San Francisco, Colorado, New York, TikTok
Campaign officials are fully aware the Trump trial could dominate news coverage in the weeks to come. Even some occasional critics of Biden’s campaign strategy have not found fault in his approach to the Trump trial. Their strategy of not campaigning, wasting money, acting like small time thugs, and pushing their extreme agenda is driving away voters,” Biden campaign spokesperson James Singer said in a statement Friday. On the trail during the trialIt is that viewpoint that has largely animated the president’s schedule as Trump’s first criminal trial gets underway. The trip followed swings through battleground Pennsylvania during the court’s jury selection and Virginia on the first day of Trump’s trial.
Persons: Joe Biden, Donald Trump, , ” Biden deadpanned, Trump’s, Biden, Trump, Kennedy, grumble, , David Axelrod, Barack Obama, I’m, He’s, ” Axelrod, CNN’s Dana, Don ”, ” Biden, James Singer, it’s, , needling Trump Organizations: New York CNN, Republican, Trump, Micron, Biden, CNN, White Locations: Syracuse, New York, Manhattan, Florida, Pennsylvania, Washington, Syracuse , New York, America’s, Tampa , Florida, Virginia
Lawyers also revealed that the trade earned Jane Street $1 billion last year and was on pace to earn even more for the firm this year. Jane Street worried about extinguishing the trade's viability, Brown said, intentionally leaving short-term profits on the table to maintain its long-term viability. But the company's profits from the strategy plummeted in the month after the traders joined Millennium, Jane Street says, falling 50% in March. Engelmayer denied the temporary restraining order, saying Jane Street did not establish irreparable harm. Jane Street may believe irreversible harm has already taken place, given its desire to keep details of the trade secret, including the country it operates in.
Persons: , Jane Street, Paul Engelmayer, pilfered, Doug Schadewald, Daniel Spottiswood, Jane, Deborah Brown, Quinn Emanuel, Engelmayer, Brown, Spottiswood, Andrew Levander, Levander, Jane Street's, Rollo Baker, Elsberg Baker, Maruri, Judge Engelmayer, Baker Organizations: Service, Management, Business, Millennium, Jane Street, Bloomberg Locations: Manhattan, India, Schadewald
Israel and Iran: All-out war, or measured retaliation?
  + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com   time to read: +5 min
Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.
Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu
Throughout the week, US officials had urged Israel not to retaliate for Iran’s unprecedented attack five days prior, when hundreds of missiles and drones were fired from inside Iran at Israel. US intelligence has long assessed that neither Iran nor Israel has any appetite for an outright war. Iranian officials have stated publicly that Iran’s policy toward Israel has changed. Then, on April 1, an Israeli strike on what Iran claims was an embassy in Syria killed seven officials, including two senior Iranian commanders. “Israel and Iran are going to be starting higher on the escalatory ladder for every future moment of conflict and that is incredibly dangerous,” said Panikoff.
Persons: Biden, , Hossein, Israel’s, CNN’s Erin Burnett, Israel, Bill Burns, George W, , Frank McKenzie, ” McKenzie, Maher Al Mounes, Mohammed Reza Zahedi, Jonathan Panikoff, Seyyed Ali Khamenei, Khamenei, Karim Sadjadpour, Qassem Soleimani, Iran —, Iran messaged, Donald Trump, stridently, , McKenzie Organizations: CNN, Israel, Iran, US, Islamic Revolutionary Guard Corps, CIA, Bush Presidential Center, Iranian, US Central Command, Getty, Lebanese Hezbollah, Iran’s, Carnegie Endowmernt Locations: Washington, Israel, Iran, Tehran, ” Iran, Islamic Republic of Iran, Dallas, Syria, Syria's, Damascus, AFP, Lebanese, Iran’s, Iraq
In this week’s mammoth New York trial of former President Donald Trump on charges of falsifying business records in connection to hush money paid to an adult film star, the yawning gap between “Us” and “Them” is along partisan lines. After all, making hush money payments, as Trump is alleged to have done with former adult film actress Stormy Daniels, isn’t illegal. For decades, Trump has been a fixture on our airwaves, social media sites and political coverage. But they didn’t, and now many are feeling a rally-round-the-flag effect in what is likely the first and potentially only Trump criminal case that’s going to trial before Election Day. Bragg’s decision to bring this case, with its attenuated connection to an actual crime, can’t be taken out of its political context.
Persons: Patrick T, Brown, CNN —, Tom Wolfe, Larry Kramer, ” Patrick T, Donald Trump, , Trump, , Attorney Alvin Bragg, it’s, Stormy Daniels, ” Michael Cohen, Daniels, Bragg, Cohen, Andrew McCarthy, can’t, maneuverings Organizations: Public Policy Center, Economic, Twitter, CNN, Manhattan, Attorney, New York Democrats, New York Times, Commission, Trump Locations: Washington , DC, New York City, York, , New, New York, Georgia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael will probably want to impose significant cost on Iran but also signal de-escalation: AnalystMichael Singh, managing director of the Washington Institute and former senior director of Middle East affairs at the National Security Council, discusses Iran's drone and missile attack on Israel.
Persons: Michael Singh Organizations: Washington Institute, National Security Council Locations: Iran, Israel
An ex-TikTok worker claims the company hid the involvement of ByteDance, Fortune reported. Evan Turner said he had check-ins with a ByteDance exec in Beijing and never met his American boss. AdvertisementA former TikTok employee said the company tried to hide the involvement of Chinese owner ByteDance in his work by assigning him to a manager in Seattle, whom he never met. Evan Turner, a former senior data scientist, told Fortune he was being managed by a Beijing-based ByteDance executive when he joined the company. He claimed he was placed under the management of an American manager in Seattle later in his employment.
Persons: Evan Turner, , ByteDance, Fortune, Turner Organizations: Service, Business Locations: Beijing, Seattle, TikTok
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