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Search resuls for: "San Francisco and New York"


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☆ Laid-off tech workers could find a home at startups trying to solve the climate crisis
  + stars: | 2023-01-29 | by ( Catherine Boudreau | ) www.businessinsider.com   time to read: +5 min
The Big Tech layoffs have sweetened the talent pool for climate startups and venture-capital firms. Climate startups now have a growing talent pool to choose from, and hiring is picking up, according to recruiters, venture capitalists, and workers who already made the jump from Big Tech to climate tech. "Over the last year, people were already leaving mainstream tech to come into the climate space," Veery Maxwell, a partner at Galvanize Climate Solutions, a global investment firm focused on climate tech, told Insider. Cianfarini told Insider his salary is $185,000 a year plus a $40,000 stock option grant that vests over four years. This trend makes climate tech an attractive option, she said.
☆ Twitter is bracing for further layoffs as Elon Musk shrinks the employee headcount to its lowest level in over a decade
  + stars: | 2023-01-18 | by ( Kali Hays | ) www.businessinsider.com   time to read: +4 min
Twitter is seeing rolling layoffs despite Elon Musk's claims that he was done laying people off. Musk says Twitter is in dire financial straits. Layoffs are picking up again at Twitter about six weeks after Elon Musk told his new employees he was done with such actions. By the end of these cuts, the company could see its lowest headcount in over a decade. Employees are expecting that plans to close many international offices and several smaller offices in the U.S. will result in even more layoffs.
☆ Miami's mayor said the 'single hottest city in the world' will keep attracting tons of transplants in 2023
  + stars: | 2022-12-31 | by ( Kimberly Leonard | ) www.businessinsider.com   time to read: +7 min
Miami Mayor Francis Suarez predicted people from all over the world would move to Miami in 2023. Suarez predicted Miami would effectively weather a recession. As the top executive for the city, Miami Mayor Francis Suarez has shepherded along much of the city's economic changes by encouraging tech and venture capital companies to plant offices downtown. Miami Mayor Francis Suarez, a Republican, predicted the Magic City would be able to weather a recession. As some analysts forecast a global recession hit in 2023, the mayor predicted Miami would be able to weather it.
☆ The 10 best cities for finding a remote job that pays $100,000 or more―they're not all on the coasts
  + stars: | 2022-12-08 | by ( Morgan Smith | ) www.cnbc.com   time to read: +1 min
True remote jobs are hard to find. FlexJobs found that about 95% of remote jobs have geographic requirements, whether it's a specific region, country, state or city. Some U.S. cities offer more remote jobs that pay $100,000 or higher than others, according to new research from Ladders. Ladders identified the top 10 cities with the highest number of listings for remote jobs that pay at least $100,000 posted on their site between August and October 2022. Coastal cities like San Francisco and New York are leading the charge in offering high paying remote jobs, Ladders CEO David Fisch points out, with other large cities like Washington D.C. and Chicago close behind.
☆ Salesforce is ordering some employees back to the office at least part time, a reversal from CEO Marc Benioff's public comments that workers are just as productive at home
  + stars: | 2022-11-18 | by ( Ellen Thomas | Ashley Stewart | ) www.businessinsider.com   time to read: +2 min
Some Salesforce employees are being told to return to the office, according to company insiders. The order conflicts with CEO Benioff's prior comments that office mandates "don't work." A Salesforce spokesperson says that its workforce is hybrid, meaning people both use the office and work from home. At Salesforce's World Tour event in June, he stated that "office mandates are never going to work." Do you work at Salesforce or have insight to share?
☆ Fintech darling Brex is requiring potential engineering hires to be located outside of New York and California. Here's why the startup calls that its 'competitive advantage'
  + stars: | 2022-11-07 | by ( Emilia David | ) www.businessinsider.com   time to read: +3 min
The fintech startup follows companies like Oracle in hiring outside of traditional tech hubs. Instead of limiting its hiring pool to San Francisco, the startup can now tap into qualified candidates anywhere, it said. In a note to employees, Brex CEO Pedro Franceschi said the current economic environment contributed to the decision to lay off workers. Tech workers traditionally concentrated in certain hubs, but research showed remote work helped expand tech talent into many other cities. But besides the cost cutting benefits other companies experience, hiring outside of tech hubs lets go of some traditional talent restraints, Brex said.
☆ Elon Musk bars Twitter employees from the company's offices in the run up to layoffs, unless staff are working on one of his 'critical' projects
  + stars: | 2022-11-04 | by ( Kali Hays | ) www.businessinsider.com   time to read: +3 min
Other than a few people on "critical" projects, employees have been told to go home. Elon Musk is closing Twitter's offices and ensuring that employees do not return for now, except for the few working directly on projects deemed "Elon critical." On Thursday evening, Twitter employees received their first communication from the company since Musk took over. "Badge access," which allows Twitter workers to enter offices with their company ID, was also being suspended without a date given for when the access would be back. Some workers are being allowed to stay however, one of the people said, those who "are working on his projects," referring to Musk.
☆ Elon Musk spent the weekend creating plans with his inner circle to lay off 25% of Twitter's staff, report says
  + stars: | 2022-10-31 | by ( Grace Dean | ) www.businessinsider.com   time to read: +4 min
Elon Musk plans to lay off around a quarter of Twitter's staff, The Washington Post reported. His team, led by Alex Spiro, and remaining Twitter senior execs spent the weekend crafting plans, per The Post. Musk's team also assigned some of Twitter's engineers projects to work on over the weekend. Insider reported that there was a sense among workers that some of their recent tasks were a test by Musk's team to see who works hard. A person familiar with the deal told The Post that Musk is more likely to lay off around half of Twitter's staff.
☆ Homebuyers are backing out of deals at record-high rates in these 10 U.S. cities
  + stars: | 2022-09-27 | by ( Mike Winters | ) www.cnbc.com   time to read: +3 min
Amid rising mortgage costs, the number of homebuyers backing out of contracts increased to record-setting levels in the last three months — especially in cities that were real estate hotspots through 2021, new data finds. The cancellation rate is even higher in some cities, with 20% of buyers backing out of purchase agreements in 10 of the 50 most populous metro areas in the country. In Jacksonville, median home prices have increased from around $200,000 to over $300,000 in the last three years alone, per Redfin data. It's also possible that some buyers are backing out of deals because they're waiting to see if home prices fall, the study suggests. Meanwhile, large coastal hubs like San Francisco and New York had some the lowest cancellation rates, below 10%.
☆ At a Google all-hands meeting, employees questioned executives about Project Nimbus, a controversial $1.2 billion contract with Israel's government. Management's answers left staff skeptical.
  + stars: | 2022-09-24 | by ( Tom Dotan | Rosalie Chan | ) www.businessinsider.com   time to read: +3 min
A Google spokesperson said the contract is for Israeli government ministries like healthcare. Google executives recently tried to assure employees that its controversial $1.2 billion cloud computing contract with Israel's government will not provide support to the country's sensitive military work. "The Nimbus contract is for workloads running on our commercial platform by Israeli government ministries," Fox-Martin said at the meeting on Tuesday. Some employees who attended Tuesday's meeting said the assurances from Google executives about Project Nimbus contradict what the company has said elsewhere. They pointed to earlier statements that a Google spokesperson made to WIRED acknowledging the contract will provide Israel's military access to Google technology.
☆ Gap Is Cutting 500 Corporate Jobs
  + stars: | 2022-09-20 | by ( Suzanne Kapner | ) www.wsj.com   time to read: 1 min
Gap has endured years of slumping sales at its flagship brand, and its job cuts follow corporate layoffs at other companies. Gap is eliminating about 500 corporate jobs, according to people familiar with the matter, moving to reduce expenses at the apparel retailer amid declining sales and profits. The jobs are mainly at Gap’s main offices in San Francisco and New York as well as in Asia, the people said. The company is laying off staff and eliminating positions that are currently open across a range of departments. Some employees have been notified of the layoffs in recent days, the people said.
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