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July 20 (Reuters) - Alabama's Republican-controlled legislature on Friday passed a new congressional map that increased the number of Black voters in one of the state's districts, but Democrats said the plan defied a U.S. Supreme Court ruling intended to protect minority voters' rights. More than one-quarter of Alabama's residents are Black, but under a Republican-drawn map approved in 2021, only one of the state's seven congressional districts, the 7th, is majority Black. Senator Bobby Singleton, a Black Democrat, accused fellow lawmakers of playing a "game" with Black voters. But Republicans said they were confident the 2nd district's new lines provided a meaningful opportunity for Black voters. Last week, a New York state appeals court ordered lawmakers to redraw the state's congressional map.

Persons: Scott Douglas, Terri Sewell, Bobby Singleton, Singleton, Michael Li, New York University's, Josephine Walker, Joseph Ax, Scott Malone, Aurora Ellis Organizations: Republican, U.S, Supreme, Greater Birmingham Ministries, Democratic U.S, Republicans, U.S . House, Representatives, Black, New York, Center for Justice, Democratic, Thomson Locations: Alabama, Black, U.S, New, New York, Washington

☆ Alabama lawmakers clash over Black voters as redistricting deadline looms
▼ + stars: | 2023-07-21 | by ( Joseph Ax | ) www.reuters.com time to read: +4 min

The plaintiffs in the Supreme Court case have already vowed to challenge either map in court, saying both would still violate the law. In 2022, a three-judge panel in a federal district court invalidated the current map as unlawful. Black Democratic lawmakers have called the maps a slap in the face to Black voters - and to the courts. "It is an embarrassment," said Juandalynn Givan, a Jefferson County legislator, adding that the Republican plan amounted to dropping "an F-bomb on the United States Supreme Court." "There certainly are places in the country where a 42% Black district would elect a Black-preferred candidate," Li said.

Persons: Scott Douglas, Terri Sewell, Juandalynn Givan, Michael Li, New York University's, Li, Joseph Ax, Josephine Walker, Scott Malone, Aurora Ellis Organizations: Republican, U.S, Supreme, Republicans, U.S . House, Senate, Greater Birmingham Ministries, Democratic U.S ., Lawmakers, Black Democratic, United States Supreme, New York, Center for Justice, Black, Democratic, Thomson Locations: U.S, Alabama's, Alabama, Black, Jefferson County, New, New York

☆ The AI boom is screwing over Gen Z
▼ + stars: | 2023-07-17 | by ( Ed Zitron | ) www.businessinsider.com time to read: +13 min

Now, with the advent of generative AI, organizations are starting to automate many "junior" tasks — stripping away their dubious last attempt to "teach" young employees. America's young workers are headed toward a career calamity. Nobody wants to teach anymoreEven before the rise of AI, young people were facing an early-career crisis. This lack of care is clearly weighing on the young workers who need career development the most. Humans can be enhanced by AI, helped by AI, but replacing them with AI is a shortsighted decision made by myopic bean counters who can't see the value in a person.

Persons: there's, Gen, Gen Zers, it's, Gen Z, Louis, Zers, millennials, Peter Cappelli, Capelli, Paul Osterman, they'd, Osterman, they'll, ChatGPT, Qualtrics, What's, they're, Ulrich Atz, Tensie Whelan, New York University's, Atz, Whelan, —, There's, Knight, It's, Ed Zitron Organizations: Management, Federal Reserve Bank of St, National Association of Colleges, Employers, University of Pennsylvania's Wharton School of Business, US Department of Labor, MIT, Pew Research Center, National Bureau of Economic Research, Gallup, Workplace Intelligence, Amazon, Boston Consulting Group, New York, New York University's Stern Center, Sustainable Business Locations: America, New, Fortune

☆ Hollywood actors join writers on strike: ‘There's a lot of bitterness and mistrust’
▼ + stars: | 2023-07-14 | by ( Gili Malinsky | ) www.cnbc.com time to read: +6 min

Hollywood actors are joining TV and film writers on the picket lines. Later that day, the union officially issued a strike order for its actors. On a granular level, there are several sticking points on which actors and studios could not ultimately agree. As with writers, actors' wages account for taxes, team members such as managers (agents get their own commission on top of actor pay) and for the unpredictability of their industry. "There's a lot of bitterness and mistrust at this point," says Handel, "both in terms of the actors and the studio alliance and also the writers and the studio alliance."

Persons: Fran Drescher, Duncan Crabtree, AFTRA, Paul Hardart, we've, Jonathan Handel, Handel, who've, That's, Tallie Medel, who's, they're, They're, Oppenheimer, Hardart, they'll Organizations: Hollywood, Alliance, Television Producers, Warner Bros . Discovery, Universal Pictures, Hulu, American Federation of Television, Radio Artists, New York University's Entertainment, Media, Technology, SAG, Productions, Paramount, Netflix, Writers Guild, CNBC Locations: Los Angeles , California, Hollywood, Ireland

Activision shares surged 10% on the day, as the U.S. and Britain have been the two countries opposed to what would be Microsoft's biggest deal ever and the largest transaction in the videogame industry's history. Microsoft shares rose 64 cents to $332.47. Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. "It does seem like the Microsoft and the CMA could work out a deal within the next couple of weeks," said D.A. The FTC's complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming.

Persons: Jacqueline Scott Corley, ”, Joost Van Dreunen, University's, Corley, Douglas Farrar, we'll, Dado Ruvic, Biden, Brad Smith, Franco Granda, Satya Nadella, Diane Bartz, David Shepardson, Jaspreet Singh, Aditya Soni, Chris Sanders, Caitlin Webber, Matthew Lewis David Gregorio, Muralikumar Organizations: Activision, Microsoft, Biden, U.S, Markets Authority, University's Stern School of Business, U.S . Federal Trade Commission, Nintendo, Sony Group, FTC, Sony PlayStation, REUTERS, FOCUS Gaming, CMA, Davidson &, PlayStation, Thomson Locations: WASHINGTON, U.S, British, Britain, San Francisco, New, Washington, Bengaluru

☆ 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

☆ Inside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail
▼ + stars: | 2023-07-02 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.

Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx

☆ An Iraqi historian was slain after being labeled a spy on Facebook. Exclusive emails show catastrophic delays in removing threatening posts.
▼ + stars: | 2023-06-21 | by ( Tekendra Parmar | ) www.businessinsider.com time to read: +12 min

Hisham al-Hashimi reached out to his friend Aws al-Saadi, a Meta Trusted Partner, to ask him to take down posts endangering his life. "One of the reasons for his killing was Meta," al-Saadi told Insider. "Mainly because they assumed that the slow response times had to do with a high volume of cases." Aws al Saadi, a Meta trusted partner, outside the Erbil Citadel in Iraq. Internews hopes this might help create a trusted-partner channel with improved communication, more transparency, and faster response times.

Persons: Hisham al, Hashimi, Saadi, Saadi Al, Meta, al, Saadi isn't, Meta's, Internews, Paul Barrett, University's, Barrett, Rafiq Copeland, Internews Rafiq Copeland, Copeland, Thaier, Sudani Internews, Copland, Meareg Amare, Reem Makhoul Organizations: ISIS, Facebook, Meta, Center for Business, Human Rights, NYU Stern School of Business Meta, Partners, University's Stern School of Business, Global, Internews, Ukrainian, Ethiopian, Erbil Citadel Locations: Baghdad, Iraq, al, Myanmar, Ethiopia, New, Ukraine, Tigray, Hashimi, Iraqi, Erbil, Netherlands

☆ Gen Z is good business: Alex Cooper's new media company shows the allure of targeting young consumers
▼ + stars: | 2023-06-17 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Gen Z has some $360 billion in global spending power — something brands want to tap into. That's a large chunk of Gen Zers and Zillennials, the subgeneration between millennials and Gen Z. "Signaling to the Gen X crowd, 'Hey, we're a Gen Z media company. You're a company that doesn't know Gen Z and you want to sell to Gen Z. "It's really to attract the corporate partners, the advertisers, and to say 'We're the gateway to the Gen Z audience.'"

Persons: Alex Cooper, Cooper, Matt Kaplan, Z, —, fiancé Matt Kaplan, Kaplan, Gen Z — Cooper, Gen, That's, Jared Watson, University's, Zers, Kitty, Watson, hadn't, we're Organizations: Spotify, Service, Entertainment, Pew Research, University's Stern School of Business, Variety, Media, Gen, Companies Locations: New, millennials, Pennsylvania

☆ Biden postpones NATO leader meeting after root canal treatment
▼ + stars: | 2023-06-12 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

WASHINGTON, June 12 (Reuters) - U.S. President Joe Biden postponed a meeting with the head of NATO and skipped his other public events on Monday to undergo his second root canal procedure in as many days, the White House said. Biden reported tooth pain on Sunday, prompting an X-ray examination and root canal treatment by a team from Walter Reed National Military Medical Center, according to a letter from his physician that was distributed to the press. Root canal procedures are common to treat infected teeth that cause pain, especially for older adults, said Asgeir Sigurdsson, endodontics chair at New York University's College of Dentistry. Biden previously underwent root canal procedures in the 1990s, as a senator overseeing the Supreme Court confirmation hearings for now Justice Clarence Thomas. NATO LEADER SEARCH HEATS UPA meeting with NATO Secretary-General Jens Stoltenberg and a reception for diplomatic personnel were rescheduled for Tuesday.

Persons: Joe Biden, Karine Jean, Pierre, Biden, Kevin O'Connor, Kamala Harris, Asgeir Sigurdsson, endodontics, Sigurdsson, Clarence Thomas, Jens Stoltenberg, Harris, Stoltenberg, Trevor Hunnicutt, Tyler Clifford, Doina, Jonathan Oatis, Grant McCool Organizations: NATO, White, Walter Reed National Military Medical, Constitution, New York University's College of Dentistry, United, Thomson Locations: U.S, New, United States, Europe, Ukraine, Russia

☆ Voting Rights Act survives at US Supreme Court but more challenges loom
▼ + stars: | 2023-06-09 | by ( John Kruzel | ) www.reuters.com time to read: +6 min

Election law expert Ned Foley of Ohio State University's Moritz College of Law called the ruling "a hugely important development for both the Voting Rights Act and the Supreme Court more broadly." The decision requires Alabama to draw a second U.S. House of Representatives district where Black voters comprise a majority or close to it. The Voting Rights Act was passed at a time when Southern states including Alabama enforced policies blocking Black people from casting ballots. Nearly six decades later, the Supreme Court continues to hear cases involving Black voters suing over electoral maps they argue diminish their influence. Thursday's ruling centered upon Section 2 of the Voting Rights Act, a provision aimed at countering measures that result in racial bias in voting even absent racist intent.

Persons: John Roberts, Brett Kavanaugh, Ned Foley, Roberts, Kavanaugh, Foley, Samuel Alito, Clarence Thomas, Amy Coney Barrett, Neil Gorsuch, Terri Sewell, Marc Elias, Elias, Brennan, Alabama, Deuel Ross, Ross, Gotell Faulks, Faulks, John Kruzel, Moira Warburton, Will Dunham Organizations: U.S, Supreme, Conservative, Republican, Ohio State University's Moritz College of Law, Alabama, U.S . House, Representatives, Black House Democrat, Democratic, Black voters, Black, Brennan Center for Justice, New York, American Civil Liberties, Thomson Locations: Alabama, U.S, Black, Louisiana, Constitution's, Montgomery, Jackson, Baton Rouge

☆ How a 77-square-foot apartment with no bathroom for $2,350 a month sparked a bidding war: 'If you want to be on a prime block, you can't have everything'
▼ + stars: | 2023-06-06 | by ( Hana R. Alberts | ) www.businessinsider.com time to read: +4 min

A tiny New York City studio with no bathroom and $2,350-a-month rent was quickly snapped up. "If you want to be on a prime block," a student who bid on it said, "you can't have everything." But does a 77-square-foot studio apartment in New York City — which has no kitchen, a shared bathroom in the hallway, and recently rented for $2,350 after a bidding war — count? Homes like these, however, are actually relatively common in New York City. "This apartment has allowed me to live in the center of NYC, which was a priority for me.

Persons: —, David Brand, Gothamist, Omer Labock, Brand, Labock, Douglas, Gothamist's Brand, Alaina, haven't, they'd, Hendrix, fryer Organizations: New York City, Greenwich Village, Service, TikTok, Zillow, Pace University, New York, New, Via, Hendrix, futon Locations: New York, Greenwich, Manhattan, it's, New York City, St, —

☆ Ark Invest's flagship fund sold Nvidia before its big rally. Here's why
▼ + stars: | 2023-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, Ark Invest's flagship Ark Innovation ETF (ARKK) exited its position in Nvidia entirely in early January —before the chipmaker enjoyed a powerful rally that propelled it to a $1 trillion market capitalization. We saw this potential for deep learning and enjoyed a lot of that ride," said Frank Downing, a research director at Ark Invest. The growth of the industry and the urgent need for powerful AI hardware has led to an increase in the number of companies entering the market. Ark Invest hasn't been alone in trimming an Nvidia stake. However, despite exiting a portion of their Nvidia positions, both Ark Invest and Damodaran maintain a favorable outlook for the company.

Persons: Ark, —, We've, Frank Downing, Downing, CNBC's, we've, Aswath, University's Organizations: Tech, Nvidia, AI, Innovation, Ark Invest, ARK Autonomous Tech, Robotics, Google, Amazon, AWS, AMD, Intel, University's Stern School of Business, NYU's Stern School of Business, Ark, Damodaran Locations: New

☆ Blockchain provides transparent real-time inflation gauge, says Truflation's Stefan Rust
▼ + stars: | 2023-06-01 | 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 EmailBlockchain provides transparent real-time inflation gauge, says Truflation's Stefan RustAswath Damodaran, professor of finance at New York University's Stern School of Business and Stefan Rust, CEO of Truflation, join 'The Exchange' to discuss the Fed's fight against inflation, using blockchain technology to measure inflation in real-time, and leading versus lagging indicators of inflation.

Persons: Truflation's Stefan Rust Aswath Damodaran, University's, Stefan Rust Organizations: University's Stern School of Business, Truflation Locations: New

☆ Watch CNBC's full interview with NYU's Aswath Damodaran and Truflation's Stefan Rust
▼ + stars: | 2023-06-01 | 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 NYU's Aswath Damodaran and Truflation's Stefan RustAswath Damodaran, professor of finance at New York University's Stern School of Business and Stefan Rust, CEO of Truflation, join 'The Exchange' to discuss the Fed's fight against inflation, using blockchain technology to measure inflation in real-time, and leading versus lagging indicators of inflation.

Persons: NYU's Aswath, Stefan Rust Aswath Damodaran, University's, Stefan Rust Organizations: University's Stern School of Business, Truflation Locations: New

☆ Gen Z isn't afraid of unemployment — and they don't trust their employers, Suzy Welch says. Her late husband, Jack Welch, slashed 112,000 jobs at General Electric.
▼ + stars: | 2023-05-22 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

The NYU Stern professor Suzy Welch told CNBC that "funemployment" showed a shift in how Gen Z work. Suzy Welch told CNBC that Gen Z, those born from the mid-1990s to early 2010s, wasn't afraid of unemployment like previous generations. Welch told CNBC that while Gen Z wasn't promoting joblessness by choice, their perspective on the issue had shifted "far away" from previous generations. They think: 'We're going to be together for as long as we're together, then I'm going to be funemployed, and then I'm going to move on to my next engagement.'" However, Gen Z has indicated they're more concerned about work-life balance and less willing to put up with toxic work culture.

Take-Two Interactive Software Inc (TTWO.O) on Wednesday rounded off a strong March quarter for the sector that saw its three major players post net bookings growth of between 11% and 66%. The company said "NBA 2K23", "Grand Theft Auto V" and "Grand Theft Auto Online" were some of the top contributors to its net bookings growth in the reported quarter. The company forecast net bookings of more than $8 billion for next year, which was above analysts' estimates. "It (the GTA VI release) would be a watershed moment for the category of open-world games," said MoffettNathanson analyst Clay Griffin. "Tens and tens of millions of units would be sold immediately, and a new or completely refreshed GTA: Online would redefine what a modern 'metaverse' really looks like."

At the same time, he said the job market is showing an "unprecedented" break from past behavior with a steady drop in job openings without any rise in the unemployment rate. The big unknown is whether that continued job market health is consistent with inflation falling steadily from its current levels above 4% back to the Fed's 2% target. That could allow the job market to cool without as much of a rise in unemployment as might otherwise be the case. Economists and policymakers at this week's conference pointed to other factors adding to the case for a soft landing. But at this point the "uncertainty" about what's at work in the economy could, some officials feel, mask developments that are working in their favor.

May 8 (Reuters) - Goldman Sachs Group Inc (GS.N) agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. In a well-known 1990s case, Smith Barney settled charges that men harassed women in a space known as the "Boom-Boom Room." "This settlement will help the women I had in mind when I filed the case," Orlich said in a statement. The settlement also calls for Goldman to hire independent experts to analyze its gender pay gaps and performance evaluation processes. In 2020, the bank said it aimed for 40% of vice presidents to be women within five years.

☆ Why Apple TV+ could be hit harder than Netflix, Disney+, and other streamers by a looming Hollywood writers' strike
▼ + stars: | 2023-05-01 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

But ahead of a potential Hollywood writers' strike, the streamer faces two key vulnerabilities. Hollywood is bracing for a possible writers' strike that could begin at midnight PT, following an overwhelming strike authorization by members of the Writers' Guild of America West and East last month. But, by comparison, Prime Video, Netflix, and Discovery+ offer viewers thousands of TV series, according to ReelGood data from the end of 2022. "They're building a long-term brand of Apple TV+, which is something apart from all their devices and their cool software. It would not damage the perception that people have of Apple TV+."

☆ Apple TV+ has 2 big disadvantages compared to Netflix, Disney+, and other streamers as a Hollywood writers' strike looms
▼ + stars: | 2023-04-26 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

But ahead of a potential Hollywood writers' strike, the streamer faces two key vulnerabilities. Hollywood is bracing for a possible writers' strike that could begin on May 1, following an overwhelming strike authorization by members of the Writers' Guild of America West and East earlier this month. But, by comparison, Prime Video, Netflix, and Discovery+ offer viewers thousands of TV series, according to ReelGood data from the end of 2022. "They're building a long-term brand of Apple TV+, which is something apart from all their devices and their cool software. It would not damage the perception that people have of Apple TV+."

☆ Remote work is 'bullshit,' says real-estate billionaire Sam Zell, to cheers from fellow execs who profit from offices
▼ + stars: | 2023-04-23 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

Sam Zell said at a conference last week that remote work is "a bunch of bullshit." Office doomers abound, but real estate professionals t hink they just don't get it. Sam Zell, the notorious "Grave Dancer" of commercial real estate known for his salty tongue, is always happy to have a platform. He was in a cheeky mood, at least when the conversation turned to today's third-rail of commercial real estate: office properties abandoned by remote workers. The trend and dire outlook had real estate giant Brookfield defaulting on a loan tied to offices this month for the second time this year.

☆ Companies can't do layoffs right because they're trying to act like 'cool parents'
▼ + stars: | 2023-04-13 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +5 min

Stripping people from their livelihoods is the most consequential action a company can take — and an inherently painful one, at that. While there might not be a good way to let employees go, there are a lot of bad ways to do it. Some, such as Google, have conducted layoffs by email. But the harshness of recent layoffs suggests that any managerial empathy workers gained during the depths of the pandemic was short-lived. That's why it's understandable that workers are angry about the way layoffs have been handled, Taylor added.

☆ Why Paris is one of the few cities in the world banning rental e-scooters
▼ + stars: | 2023-04-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

Transportation experts say the Paris ban doesn't necessarily mean much for the growth of micromobility. The diverging approaches to rental e-scooters by major cities around the world reflects the technology's chaotic rollout over the last few years and an inability for cities to keep up with sufficient regulations, experts say. Either way, experts say the regulatory environment in Paris and many other places just hasn't been able to keep up. Transportation experts say Paris' ban isn't necessarily reflective of how the public in that city — or any — feels about e-scooters. Despite the setback in Paris, transportation experts say electric vehicles of all sorts, from e-scooters, to e-bikes, to electric buses, are the future of transport in cities around the world.

☆ 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.

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