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☆ Andreessen Horowitz investor says half of Google's white-collar staff probably do 'no real work'
▼ + stars: | 2024-05-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

A general partner at Andreessen Horowitz is the latest to join the debate around "fake work" in Big Tech. David Ulevitch said "half the white-collar staff at Google probably does no real work." AdvertisementAn investor at famed Silicon Valley firm Andreessen Horowitz is the latest VC to get involved in the debate around "fake work" in the tech industry. Advertisement"I don't think it's crazy to believe that half the white-collar staff at Google probably does no real work," he said. Other VCs have also entered the debate around "fake work" and overstaffing within Big Tech in recent years.

Persons: Andreessen Horowitz, David Ulevitch, —, Emily Sundberg, Ulevitch, Marc Andreessen, Keith Rabois, Thomas Siebel, they've, overhiring Organizations: Google, Meta, Service, Cisco, Big Tech, Tech, PayPal Mafia, Facebook Locations: Big Tech, Silicon, America

☆ C3.ai CEO Thomas Siebel: We've spent the last 15 years preparing for the AI wave
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC3.ai CEO Thomas Siebel: We've spent the last 15 years preparing for the AI waveThomas Siebel, C3.ai CEO, joins 'Closing Bell Overtime' to talk quarterly results, AI demand, and more.

Persons: Thomas Siebel, We've

☆ A fire department clerk in Buffalo reportedly was paid more than $500K over 7 years – even though she didn't show up for work and actually had a second job
▼ + stars: | 2023-09-15 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

A Buffalo fire department clerk was reportedly paid more than half a million dollars despite not working. Jill Repman collected checks for 7.5 years while on administrative leave after being accused of tampering with payroll, Investigative Post reports. She was working another job while she remained on the city's payroll, per Investigative Post. AdvertisementAdvertisementThe City of Buffalo has paid Repman $572,067 since 2016, the Investigative Post reported, citing state payroll records compiled by government watchdog The Empire Center. The matter of so-called "fake work," referring to employees being paid to do little or no work, has also made headlines this year, primarily in the tech sector.

Persons: Jill Repman, Jill Parisi, Repman, Jill, —, Keith Rabois, Thomas Siebel, Rabois, Britney Levy Organizations: Service, Security, Empire Center . Buffalo City Hall Locations: Buffalo, Wall, Silicon, Buffalo's City, New York

☆ C3.ai falls after AI-play drops profit target
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +2 min

The $3.71 billion stock, among the small-cap AI firms that have benefited from excitement around Generative AI sparked by the success of ChatGPT, has surged about 180% so far this year. However, the Redwood City, California-based company scrapped its target to achieve quarterly profit by April 30, 2024 as it looks to invest in its Generative AI solutions. "After careful consideration... we have made the decision to invest in lead generation, branding, market awareness and customer success related to our Generative AI solutions," said CEO Thomas Siebel. Shares are down 21% since early June when the company's disappointing quarterly revenue forecast dented some of the recent euphoria around artificial intelligence-linked stocks. Reporting by Medha Singh in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Siebel, Pinjalim Bora, Bora, Medha Singh, Krishna Chandra Organizations: Thomson Locations: Redwood City , California, Bengaluru

☆ The company with the ticker 'AI' doesn't appear to be benefiting from AI boom, Bank of America says
▼ + stars: | 2023-09-07 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

"Results do not suggest that C3 is benefiting from growing demand for AI," analyst Brad Sills said of the company, which trades under the ticker AI. AI is the hottest trend going in the stock market with chipmaker Nvidia leading the way, up more than 200% this year. But it only reaffirmed its full-year revenue guidance, which to Sills "does not suggest C3 benefiting from AI tailwinds." "Following the release of ChatGPT in November of 2022, we're seeing a dramatic increase in demand for enterprise AI adoption," he said on the call. "In Q1, we experienced strong traction with our enterprise AI applications and especially strong traction with C3 Generative AI."

Persons: Brad Sills, Sills, Thomas Siebel, — CNBC's Michael Bloom, John Melloy Organizations: Bank of, Nvidia, LSEG, Bank of America Locations: Wednesday's

☆ A Gen Z software engineer at Google reportedly earns $150,000 working 1 hour a day and spends the rest of his time on his startup
▼ + stars: | 2023-08-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Devon, a Google software engineer, told Fortune he works one-hour days at his job. For the rest of the day, he works on his startup, he told Fortune. Devon told Fortune he couldn't justify working hard when he saw colleagues working late nights without moving up the corporate ladder. "It's not like you'd really get promoted for going above and beyond," Devon told Fortune. "If I wanted to work long hours, I'd be at a startup," Devon told Fortune.

Persons: Fortune, Devon, Google didn't, Devon isn't, Jason, sprees, Keith Rabois, Thomas Siebel, Forbes, I'd Organizations: Morning, Google, Tech, Meta Locations: Devon, Silicon, Hawaii

☆ Some tech workers spend only 4 hours a day on productive work: Blind poll
▼ + stars: | 2023-05-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Nearly 45% of tech workers in a Blind poll said they spend four hours or fewer on "focused work." Some high-paid tech workers say they're only spending a few hours a day doing "real work," according to a new poll on the anonymous job messaging site Blind. Last week, a tech worker asked thousands of their peers how much time they spend on "focused work" each day. While many workers said they had fewer than eight hours of productive work each day because of the mental strain, others blamed an overload of meetings. Earlier this year, C3.ai CEO Thomas Siebel said tech workers are "doing nothing working from home."

☆ A popular post on Blind says all tech workers who got jobs during the pandemic were 'charity cases,' but getting hired now at a big tech company will actually mean something
▼ + stars: | 2023-03-20 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

A popular post on workplace forum Blind calls tech workers hired during the pandemic "charity cases." One popular post on the anonymous workplace forum Blind takes that a step further, saying tech employees brought on during the pandemic were "charity cases." Tech companies added many new employees to their ranks during the pandemic, when business was booming for the sector. At the time time, other commenters on the popular Blind post defended employees who got tech jobs during the pandemic. "Also I refuse to believe I am some charity case, I was good enough for the company, did their process and got hired.

☆ Mark Zuckerberg: Early-career engineers tend to perform better when they're in person 'at least 3 days a week'
▼ + stars: | 2023-03-14 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Early-career engineers tend to do better when they show up in person, Mark Zuckerberg said. Zuckerberg broached the idea of in-person work in a note announcing new layoffs of 10,000 employees. Elon Musk also ended remote work at Twitter when he took over at the social media platform last year. Billionaire Thomas Siebel, the CEO of software company C3.ai, told Insider this week about his company's own in-office culture, taking a dig at remote work. "If you want to work from home, like four days of work in your pajamas, go to work for Facebook," he said.

☆ A laid-off Meta worker says the company paid her to not work: They were 'hoarding us like Pokémon cards'
▼ + stars: | 2023-03-14 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

An ex-Meta worker said she was part of a group that didn't have work to do when hired. Britney Levy told Insider some people were frustrated and felt Meta was stalling their careers. In the video that has since garnered over 870,000 views, Levy said she felt Meta was hiring people so other companies couldn't have them. "They were just kind of like hoarding us like Pokémon cards," she said in the video. "People who were incredibly well qualified and had turned down amazing opportunities said they felt Meta was intentionally stalling their career.

☆ The unintended consequences of remote work
▼ + stars: | 2023-03-14 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +5 min

While remote work offers flexibility, it often comes at the cost of maintaining a work-life balance. Remote work has also made it possible to hire anyone anywhere, which CEOs and hiring managers are starting to realize. Tech companies are offshoring jobs, due to America's broken immigration system, and remote work is making it easier. American tech companies are offshoring jobs, but it isn't all because of remote work. He says remote work led to all of this in the first place.

That's the question posed by certain members of the Silicon Valley elite who are attributing layoffs to a boom-time phenomenon: over-hiring and "fake" work. A particular view of 'work'This concept of fake work is rooted, at least partly, in political disagreement. Several of the tech figures pushing these ideas lean Republican, in contrast to the left-leaning tech workers they're lambasting. He and others pushing a grind culture are motivated, as tech employees commenting on the workplace app Blind noted. "I think it's a false narrative to say many people do fake work, especially when companies already deploy workplace monitoring tools."

☆ Billionaire tech CEO says Meta and Google over-hired so much they didn't have enough work for employees: 'They really were doing nothing'
▼ + stars: | 2023-03-13 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +4 min

C3.ai's CEO said Google and Meta over-hired employees and didn't have enough work for them to do. Thomas Siebel joked that if you want to work remote "in your pajamas," you should work at Facebook. "If you want to work from home, like four days of work in your pajamas, go to work for Facebook." Siebel is far from the first executive to express concern that tech workers aren't doing enough work. Last year, Microsoft CEO Satya Nadella warned that remote work has spurred "productivity paranoia" among managers.

☆ A 17-year-old Seattle high schooler is tracking more than 150 private jets' emissions
▼ + stars: | 2023-02-18 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

Seattle teenager Akash Shendure runs Climate Jets, a website that tracks emissions of private jets. Using Sweeney's Ground Control Registration Database — which was developed to famously track Elon Musk's private jet — Shendure identifies and compiles carbon emissions from the private jets of more than 150 wealthy Americans and their families. Shendure is the latest to publicly keep tabs on the expenditure of private jets, following on the heels of Sweeney, now 20, who recently launched his own public-jet tracking database. Sweeney began tracking Musk's private jet in 2020 and created the Twitter account @ElonJet to share his findings, gaining thousands of followers and even job offers. "I don't mean any harm and that's never the intended purpose of the accounts," Sweeney told Insider in December 2022.

☆ Watch CNBC's full interview with C3.ai CEO Thomas Siebel
▼ + stars: | 2023-02-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with C3.ai CEO Thomas SiebelThomas Siebel, C3.ai CEO, joins 'Power Lunch' to discuss ChatGPT and what he sees as the future of artificial intelligence.

☆ C3.ai CEO on business model: Consumption-based pricing has become the cloud standard
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailC3.ai CEO on business model: Consumption-based pricing has become the cloud standardThomas Siebel, C3.ai CEO, joins 'TechCheck' to discuss the company's transition to a consumption-based pricing model from subscription-based, customers attitude towards C3's new pricing and whether the company cares about smaller contract sizes.

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