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☆ Elon Musk denied reports that he's speeding up Twitter layoffs to avoid paying out hefty stock grants to workers
▼ + stars: | 2022-10-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Elon Musk said reports he's speeding up layoffs to avoid paying out stock grants are false. Musk is set to lay off workers before Tuesday, when they're scheduled to receive stock grants, per the NYT. Media reports suggest that Musk may also avoid giving fired execs their expected multi-million-dollar payouts. The Times reported that Musk could therefore avoid paying the grants. The Information reported that the "for cause" terminations were an attempt to avoid paying out severance pay and unvested stock awards.

☆ Netflix is doubling down on gaming, with dozens of new hires and a dedicated studio, as it chases younger audiences and battles to turn back subscriber losses
▼ + stars: | 2022-10-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix is making dozens of hires and opening a studio in Finland to bolster its mobile games push. Netflix is hirings dozens of experts to bolster its year-old push into gaming. A recent Forrester survey of Netflix subscribers, reviewed exclusively by Insider, showed only 5% had played one of Netflix's mobile games in the previous month, while 4% said its mobile games keep them subscribing, and 54% said "I could care less" about games on Netflix. However, the streamer in September announced it was opening a games studio in Helsinki, Finland. But there's a lot of competition in mobile gaming and for consumers' attention, Proulx added, and it's an open question "how hard they should press with their strategy."

☆ Asian and Native American female lawyers get the least amount of big law business, study finds
▼ + stars: | 2022-10-07 | by ( Sakshi Venkatraman | Sakshi Venkatraman Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +3 min

“Native American women and Asian American women are the poorest in terms of this.”Nearly 72% of corporations surveyed said they give less than 10% of their business to Asian American lawyers, the study found. Less than a quarter said they gave no business at all to Asian American lawyers. Native American lawyers see a similar lack of representation. “[Asian] men are doing a little bit better than [Asian] women. But the difference between what Asian American women or Native American women are getting was so striking because they’re getting so little.”And though many corporations collect their diversity data, few actually put it to use, the study found.

☆ Netflix is hiring a slew of engineers and developers to bolster its gaming push as subscriptions fall off
▼ + stars: | 2022-09-27 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Netflix is making a slew of hires and opening a studio in Finland to bolster its mobile games push. Netflix is hirings dozens of experts to bolster its year-old push into gaming. However, on Monday, the streamer announced it was opening a games studio in Helsinki, Finland. Another listing, for a senior games engineer, shares that "Netflix is building a new internal game studio to incubate and build a new class of hilarious, social party video games." But there's a lot of competition in mobile gaming and for consumers' attention, Proulx added, and it's an open question "how hard they should press with their strategy."

☆ How Josh Harris, the owner of the 76ers and Devils, upset Apollo insiders with the time he spent on personal investments
▼ + stars: | 2022-09-20 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com time to read: +16 min

One former Apollo executive couldn't wrap his mind around how the firm got investors onboard with Harris' personal activities. One advisor to Harris' family office said there would be an internal conversation every year to ensure the proper expense allocations. Several former Apollo employees, however, said other Apollo executives were concerned about Harris' use of firm resources. Few if any sources Insider spoke with expected much to change in how private-equity executives managed their personal investments. The lawyer said that the documents often state that a firm's executives will dedicate "as much time as reasonably necessary" to managing their investments.

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