DIRS.INFO The most relevant business & tech news

☆ 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

☆ Looking for a job after a layoff? Here are 5 tips on how to land your next role
▼ + stars: | 2024-04-05 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Here are some tips on how to land your next role after being laid off. "Going through a layoff is a very emotional experience," says LinkedIn career expert Pooja Chhabria. Here are five tips she gives on how to land your next role:Invest in communityBeing laid off is bound to come with new challenges. Chhabria suggests emphasizing your skills when updating your resume and online professional profiles. Preparing your answer by talking about your experience and connecting it back to why it's valuable to the position and tasks at hand, Chhabria suggests.

Persons: Pooja Chhabria, Chhabria Organizations: Getty, Companies, Microsoft, CNBC Locations: Singapore

☆ EY and Deloitte are scrutinizing staff workloads and quietly letting some workers go
▼ + stars: | 2024-02-20 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Now they’re scrutinizing employee workloads and letting go of "underemployed" staff, The Times of London reported . EY told Business Insider in a statement that it has "well-established performance management processes" that look at a variety of metrics. The Big Four firms, which include EY, Deloitte, PWC, and KPMG, have cut hundreds of jobs in the past year amid a challenging economic climate. It recently gave 3,000 staff poor performance reviews , which are internally known as "concerns," according to Bloomberg .

Persons: —, workloads, EY Organizations: Service, Deloitte, Big, Times, EY, PWC, KPMG, Consulting, McKinsey, Bloomberg Locations: London

☆ Mark Zuckerberg shares one of his most controversial leadership principles
▼ + stars: | 2024-02-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

The Meta CEO called it one of his "most controversial" management principles on a new podcast episode. He thinks a founder should "make as many decisions and get involved in as many things as you can." Mark Zuckerberg says one of his "most controversial" principles as a business leader is that he doesn't like delegating responsibility. "I think probably one of my most controversial leadership or management things is like I don't actually believe in delegating that much. Zuckerberg had said during an employee Q&A around that time that he didn't want a "management structure that's just managers managing managers, managing managers, managing managers, managing the people who are doing the work."

Persons: Mark Zuckerberg, there's, Zuckerberg

☆ Mark Zuckerberg explains why so many tech companies are doing layoffs right now
▼ + stars: | 2024-02-16 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg said that tech layoffs since the pandemic are due to multiple factors. Meta's CEO said more recent layoffs are because companies realized being leaner can make you "more efficient." AdvertisementMark Zuckerberg has a theory for why tech layoffs aren't slowing down: Companies are realizing that, while painful, there are benefits to being "leaner." But as people returned to stores and the economy adjusted, companies like Meta realized they had overhired and had to make major cuts. While a lot of tech companies were reluctant to make cuts at first, they realized it didn't spell the end, Zuckerberg said.

Persons: Mark Zuckerberg, —, Zuckerberg, — they're, Zuckerberg's, Meta didn't Organizations: Service, Meta, Microsoft, Google

☆ Okta to lay off 7% of staff, about 400 employees
▼ + stars: | 2024-02-01 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Identity management company Okta said on Thursday in a message to employees that it would lay off 400 employees, about 7% of the company's headcount. CEO Todd McKinnon said in his message that the "reality is that costs are still too high." Okta is only the latest tech company to trim headcount in the opening weeks of 2024. Nearly 24,000 tech workers lost their jobs in January alone, even as many tech companies saw their stock prices continue to grow. It was a smaller round of cuts, impacting around 300 employees, and at the time McKinnon said that prior overhiring had led to unsustainable staffing levels.

Persons: Okta, Todd McKinnon, McKinnon, overhiring

☆ TECH'S JOB-CUTS JANUARY
▼ + stars: | 2024-01-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But by the third week of the month, layoffs had become a reality for many in tech. More than 70 tech companies have swung the ax so far this year, affecting more than 13,000 workers, according to tracker Layoffs.fyi. January is historically a common month for layoffs as companies adjust budgets and plans for a new year. In January 2023, more than 270 tech companies laid off nearly 90,000 employees, according to Layoffs.fyi.

Persons: —, Sundar Pichai, Dan Clancy, it's, Jason Citron Organizations: Industry, Google, Service, Tech, Workers, Prime, Amazon MGM Studios, YouTube, eBay Locations: TikTok, overhiring

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ The tech sector is pouring billions of dollars into AI. But it keeps laying off humans
▼ + stars: | 2024-01-13 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +6 min

More than 5,500 tech layoffs less than two weeks into 2024The latest rounds of tech job cuts are occurring across a range of roles and in both Big Tech companies and smaller startups. There were some 262,682 tech industry layoffs recorded in 2023, per Layoffs.fyi data, after 164,969 cuts the previous year. Against that backdrop, the tech industry went on a remarkable hiring spree. Disparate impacts of tech job cuts come under scrutinyAs the tech industry layoffs continue, labor advocates and even lawmakers are taking notice. “Recent findings have consistently shown that minorities and women are vastly overrepresented in industry layoffs,” the letter said.

Persons: Roger Lee, Lee, Dropbox, Goldman Sachs, Parul, Koul, ”, Emanuel Cleaver, Missouri, Barbara Lee of, Julie Su Organizations: CNN, Big Tech, Tech, Google, Unity Software, ”, Chegg, IBM, Alphabet Workers, CWA, Democratic, American, Labor, Department of Labor Locations: Silicon Valley, Barbara Lee of California

☆ It’s holiday season. That means layoffs for some
▼ + stars: | 2023-11-28 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +8 min

But they bring an extra bite when they are carried out during the holiday season. How does your employer’s severance policy compare? US employers are under no legal requirement to provide severance unless you are under a contract that provides for it. Check your employer’s severance policy: See if your employer has posted its severance policy on the company’s internal site. That’s a big jump from the average that employees pay today for workplace health coverage: 28% of the total cost for family coverage and 17% for single coverage.

Persons: Charles Schwab, “ We’ve, ”, Andrew Challenger, Challenger, Randstad, let’s, Tiffany Aliche, Aliche, “, Ann Minnium, You’re Organizations: New, New York CNN, Citigroup, Vice Media, Continental, Challenger, National Labor Relations Board Locations: New York

☆ I was laid off twice and ghosted more times than I can count. After heading down a dark spiral, here's how I bounced back.
▼ + stars: | 2023-09-19 | by ( Robin Madell | ) www.businessinsider.com time to read: +8 min

Alex Cheney was laid off from recruiting roles at Sendoso and Atlassian within one year. My first layoff happened in June 2022 when Sendoso went through its first job cuts of the pandemic. I signed an offer with Atlassian two weeks after my Sendoso layoff and started one month later. I had just started working on process improvement — another one of my biggest passions — when I was laid off. AdvertisementAdvertisementThe few calls that I did schedule led to black holes where I was ghosted — I've been ghosted more times than I can count.

Persons: Alex Cheney, Alex, It's, Sendoso, I've, I'd, it's, hadn't Organizations: Service, Companies, LinkedIn Locations: Wall, Silicon, La Quinta , California, Robinhood, North America, New York City

☆ 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

☆ Tell-all book lifts the lid on troubled beauty brand Glossier
▼ + stars: | 2023-09-12 | by ( Leah Dolan | ) edition.cnn.com time to read: +8 min

Glossier, a direct-to-consumer cosmetics company launched in 2014 by US businesswoman Emily Weiss, pioneered this new aesthetic. At Glossier, beauty marks were celebrated, freckles were lionized and makeup application became as free form as finger painting. Beyoncé, Serena Williams, Michelle Obama and Reese Witherspoon have all been pictured wearing the makeup brand to red carpet events like the Oscars and The Grammys. For Meltzer, the brand fell victim to something that often trips up companies leading the zeitgeist: an evolving landscape. But “Glossy” isn’t just a beauty brand biography — it’s a forensic cross-examination of an era-defining company and how it embodied a moment in wider culture.

Persons: ”, Emily Weiss, freckles, Paloma Elsesser, Glossier, Serena Williams, Michelle Obama, Reese Witherspoon, Lila Moss, Sydney Sweeny, Gigi Hadid, Marisa Meltzer, “, ” Meltzer, Richard Levine, Weiss ’, Meltzer, ” Glossier, Sophia Amoruso, John Sciulli, Weiss, Leandra Medine, Audrey Gelman, Nasty Gal, Manrepeller’s Leandra Medine, ” Audrey Gelman, John Phillips, Selena, Hailey Bieber’s, ” Marisa Meltzer's, Simon, Simon & Schuster, Schuster, Meltzer didn’t, It’s Organizations: CNN, The, Teen Vogue, Getty, Rhode, Simon & Locations: overhiring, New York, Glossier, SoHo , New York

☆ Disney's wildest ride: Iger, Chapek and the making of an epic succession mess
▼ + stars: | 2023-09-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +88 min

Iger told Chapek that he lived for those "two-shower days," according to people familiar with the conversation. In January 2020, Iger told Chapek the plan was back on. During his 27 years at the company, Chapek had only attended one annual meeting — as a guest in the audience. Bob Iger, Disney CEO, during a CNBC interview, Feb. 9, 2023. WATCH: Disney CEO Bob Iger's exclusive July 2023 CNBC interviewTake the 'A'During Chapek's tenure as CEO, Disney lost more than a quarter of its market value.

Persons: Elham, Bob Iger, Bob Chapek, Iger, wasn't, Chapek, Michael Eisner, —, who's, he's, Clint Eastwood, Eastwood, Arthur Bochner, Jackie Hart, Kareem Daniel, Chapek —, Eisner, Michael Ovitz, Ovitz, Bob, Disney's, Kevin Mayer, Mayer, Bryan van der Beek, he'd, Tom Staggs, Staggs, Staggs —, Steve Jobs, cajoled Ike Perlmutter, George Lucas, Rupert Murdoch, Iger's, Susan Arnold, Arnold, Peter Rice, David Paul Morris, Rice, CNBC's Julia Boorstin, Mark Parker, Mary Barra, Michael Froman, Willow, Parker, John Donahoe, Roy Disney, Walt Disney, Stanley Gold, David A, CNBC Eisner, Big Bob, Little Bob, Christine McCarthy, Patrick T, He'd, McCarthy, Iger —, Coronavirus, Gavin Newsom, Michael Kovac, curtly, Nancy Pelosi, Chuck Schumer, Ben Smith, Smith, Disney, Randy Shropshire, Agnes Chu, Ricky Strauss, Chu, Strauss, Kevin Feige, Kathleen Kennedy, Who's, Alan Bergman, Bergman, Bob Kyncl, Daniel —, Iger didn't, Daniel rankled, Daniel, Chapek didn't, James Pitaro, Jesse Grant, CNBC Chapek, Jimmy Pitaro, Zenia Mucha, didn't, Mucha, Barbara Walters, Charles Eshelman, Scarlett Johansson, Scarlett Johansson —, Florence Pugh, Natasha, Yelena, " Johansson, Bryan Lourd, Johansson, Lourd, Steven Spielberg, Al Michaels, David Muir, Robin Roberts, Michael Strahan, Spielberg, Geoff Morrell, Alan Braverman, Alan Horn, Jayne Parker, Bochner, Claire Lee, Paul Richardson, Josh D'Amaro, Ron DeSantis, Morrell, Disney Animation —, George Floyd, Reba Saldanha, Reuters Chapek, DeSantis, Nicholas Maldonado, Octavio Jones, Chapek she'd, we're, " Morrell, CNN's Chris Wallace, Kristina Schake, John Skipper, Daniel steamrolled, Latondra Newton, Newton, Charles Krupa, Pitaro, NBCUniversal's Peacock, Dana Walden, Thomas Murphy, Josh Kushner, Privately, Schake, Barack Obama, Michelle Obama, Michelle Obama's, David Dee Delgado, Kara Swisher, hadn't, Netflix's, overhiring, McCarthy hadn't, Safra Catz, Kareem, DMED, Horacio Gutierrez, Justin Warbrooke, Alexia Quadrani, Bryan Castellani, Michael Buckner, Quadrani, Lindsay Lohan, Winnie, Nelson Peltz, Catz, Donald Trump's, they'd, Walden, Gutierrez, D'Amaro, Rich Polk, Walden he'd, Iger she'd, Mickey Mouse, Mark Rightmire, haven't, Indiana Jones, Halle Bailey, Ariel, Hamilton Faber, Rich Greenfield, Bob Iger's, — Mayer, McCarthy —, doesn't, they'll Organizations: Disney, Marvel, CNBC, Bloomberg, Getty, Walt Disney, Indiana University, Michigan State University, Shanghai Disney, Man, Hong Kong Disneyland, Walt Disney Parks, Resorts, Pixar, Fox, Chapek, Nike, General, Mastercard, Foreign Relations, University of Pennsylvania, Grogan, Disney's, Fallon, ABC, ESPN, ABC News, California Gov, New York Times, Disney confidants, Hollywood, Marvel Studios, Lucasfilm, Walt Disney Television, Walt Disney Studios, Hulu, HBO Max, Walt Disney Company, YouTube, Companies, Netflix, Apple, Disney Media, Entertainment, Stanford, Rights, Junior, petulant, Filmmagic, Brunswick Group, Covid, CAA, onetime Defense Department, Century Fox, Human, Florida Gov, Republican, Disney Animation, Reuters, Human Rights, HRC, Walt Disney World, Employees, American Foundation for Equal Rights, AP, Amazon Prime, Paramount, South Pacific, Capital Cities, Dow Jones, CVS, Kingdom, Variety, Trian Partners, Charter Communications, U.S, Comcast, Charter's, MediaNews, Orange, Allen, Co, Candle Media, Advisors Locations: Burbank , California, Midwestern, Brentwood, Los Angeles, Westlake Village, Iger, Hammond , Indiana, Shanghai, China, Hong, Fox, Willow Bay, Raleigh , North Carolina, Orlando, U.S, Hulu, Iger's Brentwood, coronavirus, Brunswick, Hollywood, Hawaii, Disney's, Marvel's, Anaheim , California, Montana, Florida, Rye , New Hampshire, Chapek, Hong Kong, California, missteps, South, DMED, Burbank, New York, India, Atlantic, Sun Valley , Idaho, America

☆ Truth Behind Tech Industry's Fake Work Problem: Bad Managers, Bosses
▼ + stars: | 2023-07-10 | by ( Hugh Langley | Grace Kay | ) www.businessinsider.com time to read: +19 min

The tech employees spoke with us on the condition of anonymity to avoid professional reprisal. There's only one real culprit for the culture of "fake work," he said. The latest version of fake work emerged as part of the tech industry's pandemic-driven boom and bust. "I think COVID was an accelerator for fake work because a lot of these tech companies hired. As for Graham, he's since moved to another tech company, where he said he felt his contributions were more valued.

Persons: Graham, wouldn't, Keith Rabois, Rabois, Brit Levy, Scott Latham, University of Massachusetts Lowell, Brent Peterson, Gaylan Nielson, Rich Moran, " Moran, Melina Mara, he'd, Moran, Anna Tavis, Stewart Butterfield, Bloomberg's, LINDSEY WASSON, it's, Salesforce, What's, Mark Zuckerberg, Sundar Pichai, Zuckerberg, Brad Glasser, Meta, Greg Selker, Stanton Chase, Jessica Kennedy, Kennedy, NYU's Tavis, Hugh Langley, Grace Kay Organizations: Amazon, Alexa, Big Tech, Google, University of Massachusetts, Washington, Getty, Meta, Microsoft, overhiring, New York University's School, Professional Studies, Slack, Command, Bloomberg, Vanderbilt University, Companies Locations: New, Salesforce, he's

☆ Finance is the No. 1 industry Gen Z wants to work in, says new research—more than tech or health care
▼ + stars: | 2023-06-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Recent and soon-to-be college graduates have different visions of the "perfect job": Some want to work in New York, while others might aspire to be their own bosses. But many Gen Zers are dreaming of a career in finance. Close to 10,000 current college students and recent graduates in 13 countries including the U.S., Canada and Mexico were polled for the report. What has set finance apart from its competitors, and made it the career path du jour among Gen Z, is how finance companies have responded to these challenges. As other industries pause hiring, college career advisors and industry professionals say financial firms are upping their recruiting efforts on college campuses to attract Gen Z.

Persons: overhiring, Gen Organizations: Finance, CFA Institute Locations: New York, U.S, Canada, Mexico

☆ The CEO of software giant Intuit, which has avoided mass layoffs, says tech firms axed jobs because they misread the pandemic
▼ + stars: | 2023-06-02 | by ( Shona Ghosh | ) www.businessinsider.com time to read: +4 min

Almost 300,000 staff have been laid off by tech firms since the start of 2022, per Layoffs.fyi. Those mass layoffs are down to companies misunderstanding the pandemic, says Intuit's CEO. "There's nothing for these people to do — they're really — it's all fake work," Rabois said at the time. However, Goodarzi told Insider that mass layoffs had in fact unnerved the remaining star talent at major tech firms, particularly in AI. Hiring, he said, had "actually become easier because of all the tech layoffs, because of the uncertainty the layoffs have caused."

Persons: miscalculating, Sasan Goodarzi, Goodarzi, Mark Zuckerberg, Zuckerberg, Keith Rabois, Elon Musk, Rabois Organizations: Intuit, Companies, Meta, Google, Facebook, Twitter

☆ Alphabet authorizes $70 billion buyback
▼ + stars: | 2023-04-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Google parent company Alphabet said on Tuesday that its board of directors authorized $70 billion in share repurchases. Alphabet announced $70 billion in share repurchases in April 2022. Class A shares are the originally issued Google shares that conveyed voting rights, while Class C shares are a newer class that has no voting rights. Alphabet stock rose more than 3% in extended trading after the company reported revenue that surpassed Wall Street expectations. Share repurchases have become a hot political topic in Washington, D.C. Investors like Warren Buffett are fond of share repurchases because they effectively make existing shares more valuable by reducing the number outstanding.

☆ Leaked memos show Google is closing some of its cafes 'until further notice' as it cuts back on employee perks
▼ + stars: | 2023-04-13 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +3 min

Google is closing some of its cafes "until further notice," according to memos sent on Wednesday. As part of its plan to cut costs this year, Google is closing some of its cafes "until further notice." Cafes at Google's campuses are one of the search giant's most famous employee perks as workers have access to free meals. The cafes called Steam, Costa, Go!, Slice, and Deja Brew Hub, and some lunchtime food trucks, will be "closed until further notice." The cafes called Till Cafe, Java Corner, Share, Fresh Market, Cornerstone, and lunchtime food trucks, will be "closed until further notice."

☆ More layoffs may still come for tech workers
▼ + stars: | 2023-04-12 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

The tech sector has shed an estimated 330,000 jobs since last year, but my colleague Hasan Chowdhury writes that more cuts will likely come. Here's why tech workers have to brace for more layoffs. The AI arms race has pushed tech organizations to recruit AI talent from university programs aggressively. Google employees reportedly tried to stop Bard. Read Insider's exclusive on the cuts.

☆ Amazon, Meta, and other tech giants are cutting middle management to be more efficient. It's a risky move that could backfire.
▼ + stars: | 2023-04-08 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

Big Tech's latest cost cutting move is "flattening," or removing middle management from the org chart. This is likely to work in the short term, but removing middle management has long-term consequences. The move comes as the Big Tech companies reel from the consequences of overhiring, as the pandemic turned into an unexpected boon to their businesses. While that all sounds good, experts warn removing middle management roles have other consequences that Big Tech will have to deal with. Middle managers set the tone and cultureAdditionally, middle managers have more influence on shaping a company's culture and can affect whether or not employees feel engaged in their jobs, as Insider's Aki Ito reported.

☆ Premarket stocks: Banking chaos could break the strong job market
▼ + stars: | 2023-03-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The job market has remained strong even as the Federal Reserve has spent a full year attempting to cool off the economy by raising interest rates. But economists think that the recent banking turmoil may be what finally raises unemployment. Even with those big job cuts, the labor market in the United States remains white hot. Since the pandemic, regional banks “have provided a vast majority of lending to small firms, underwriting local small business formation,” said Philip Wool, an analyst with asset manager Rayliant. AI will likely lead to job loss, they wrote, but technological innovation that initially displaces workers has historically created employment growth over long haul.

☆ How Amazon’s flawed job posting process caused it to overhire
▼ + stars: | 2023-03-22 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Before I go check my remaining stash to make sure it's all real, let's dive into today's tech. Amazon's flawed job posting process. The company had little oversight of the hiring process until last year, Insider learned. Check out this leaked, all-hands message about "single-digit" percentage cuts to AWS)My colleague Eugene Kim breaks down Amazon's flawed hiring process. He shared the red flags he overlooked during the hiring process, including the hiring of a new chief revenue officer.

☆ 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.

☆ Apple is reportedly delaying some bonuses and freezing hiring for more jobs
▼ + stars: | 2023-03-14 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Apple is delaying bonuses for some corporate employees and freezing hiring for more jobs, Bloomberg reports. Apple is also keeping a closer eye on travel spending and office attendance, per Bloomberg. In addition, Apple is freezing hiring for more positions and letting additional roles remain open when employees leave. The company is also more closely monitoring its travel spending and office attendance, per Bloomberg. Last year, Apple started requiring that employees return to the office at least three days a week.

Search resuls for: "overhiring"

25 mentions found