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☆ Amid the largest layoffs in Big Tech history, startups are having unprecedented success hiring top talent. But founders are still skeptical about hiring Big Tech employees.
▼ + stars: | 2023-01-06 | by ( Rosalie Chan | Katie Malone | ) www.businessinsider.com time to read: +7 min

Startups have had unprecedented success hiring top tech talent upending a decades long power imbalance. Suddenly, several thousand quality tech workers were job hunting, and it didn't seem like Big Tech would be hiring them back anytime soon. But lately, things have been changing, and his startup has become more attractive to former Big Tech workers, he said. "Just because they come from Big Tech companies does not mean they're quite suitable for my needs." Still, recruiters told Insider, startups rarely judge tech workers solely on whether they've worked at a Big Tech company or a startup.

☆ In a leaked memo, CEO of electric vehicle leasing startup Autonomy warns the company is in dire financial condition but says he will do whatever it takes to save the business
▼ + stars: | 2023-01-03 | by ( Ben Bergman | ) www.businessinsider.com time to read: +4 min

But the market changed at the end of the year as Autonomy suddenly faced a perfect storm. CEO Scott Painter says he will do whatever it takes to save the business, including selling his own assets. It was not the New Years greeting employees of Autonomy, a Santa Monica-based startup offering electric vehicle subscriptions, were hoping to receive in their inboxes. Autonomy announced in August it was moving away from selling Teslas exclusively. Painter said the company would prioritize making payroll and keeping the business operational and added he would do whatever it takes to keep Autonomy operational.

☆ Our best stories on financial tech in 2022
▼ + stars: | 2022-12-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Today, we're going to recap all the great stories we've done this year on financial tech, whether it's up-and-coming startups or the projects at the biggest banks and investment firms. Wall Street and sports have a long history together. How top Wall Street firms are testing out cutting-edge tech. Shaw, here are 10 of the most innovative tech projects at top Wall Street firms. And we also identified the top Big Tech executives who could get poached by Wall Street firms looking to do more in the cloud.

☆ Without radical changes, TikTok could vanish from the US
▼ + stars: | 2022-12-30 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

From burnout among open-source developers to the downfall of Andreessen Horowitz's buzzy tech publication, Future, it's a packed edition. The worker told Insider that they used "exam dumps" to pass technical certifications, and that the answers were easy to find online with a quick Google search. This year, developers told us that they're fed up, and some are quitting and even sabotaging their own projects. Despite the 10% raise, doled out in April, Mailchimp employees told Insider that people nonetheless felt belittled and were quitting in droves. Earlier this year, Andreessen Horowitz's buzzy tech publication Future shut down.

☆ Creator economy experts say 2023 will be a buyer's market for M&A. Here are 5 themes to watch, from tech buyers like Shopify to startup consolidation
▼ + stars: | 2022-12-30 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +12 min

"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." Insider spoke with creator-economy and market experts about what deals and the broader M&A landscape in 2023 may look like. "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation.

☆ Goldman Sachs' year-end bonuses are going to be brutal, and everyone's pointing fingers on who's to blame
▼ + stars: | 2022-12-23 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

When things were going good, Goldman Sachs' CEO David Solomon could seemingly do no wrong. Last year, thanks to a booming M&A market and a favorable trading environment, life was good at the elite Wall Street bank. Top tech executives from 10 Wall Street firms, including Goldman Sachs, Citadel, and KKR, share their predictions for the top public-cloud trends next year. Bad news: You're not the only one waiting for rates to drop to buy a home; so is Wall Street. Here's what a home-buying spree from Wall Street could mean for the entire industry.

☆ It's just the beginning of M&A in the creator economy. Industry experts predict 2023's top trends, and the buyers and sellers to watch.
▼ + stars: | 2022-12-19 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com time to read: +12 min

"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation. In the creator economy, companies bet on the fact that YouTube advertising revenue on the videos will increase as the audiences of creators grow and they gain more views.

☆ Former hacker: 6 email 'red flags' that can mean someone's trying to scam you over the holidays
▼ + stars: | 2022-12-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

'To'Look closely at any other recipients of the email: Scammers will sometimes spam multiple email addresses at once to save time, Mitnick says. Hyperlinks and attachmentsIf you're suspicious of an email, be wary of clicking on any links contained in the message. Another red flag: if the email contains an unexpected attachment, or an attached file that seems unrelated to the subject of the email. 'Subject'Be suspicious if the email's subject line is irrelevant or doesn't match the message in the body of the email. Be extra suspicious if the email is unexpected or unusual looking, perhaps with poor grammar and spelling mistakes.

AOL Instant Messenger, or AIM, is dead — but the away message lives on, thanks to a recent Instagram update. Within hours of the platform unveiling the new features, social media users noticed Instagram notes' similarity to the away messages of the early 2000s. "Was not expecting instagram to reinvent AIM away messages tbh," writer Ella Cerón tweeted. Sports reporter Maddy Hudak wrote: "I’m sorry did Instagram give us AIM away messages lmao." Others pondered the ramifications of the AIM away message on those who grew up with it.

☆ I'm a 6-figure virtual assistant. Here's how I found my first clients and monetized my skill set.
▼ + stars: | 2022-12-14 | by ( Sasha Weilbaker | ) www.businessinsider.com time to read: +7 min

Erin Booth is a virtual assistant who coaches others, sells courses, and runs a YouTube channel. Her advice for getting started as a virtual assistant is to reach out to past colleagues for work. She ended up being my first virtual assistant client, and she hired me to do a few easy personal tasks for her, like organizing her Google Drive. I asked myself "What kind of skills or training did I wish I had when I first started as a virtual assistant?" Are you a virtual assistant who wants to share your story?

☆ 9 million student-loan borrowers are now receiving correction emails after mistakenly being told last month they were approved for debt relief
▼ + stars: | 2022-12-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

9 million student-loan borrowers mistakenly received a November email saying they were approved for debt relief. Insider was the first to report two weeks ago that on November 22-23, nine million student-loan borrowers received an email with an incorrect subject line informing them that their debt relief had been approved. According to an email reviewed by Insider, the new subject line reads: "CORRECTION: Status of Your Student Loan Debt Relief Application." Screenshot of the first part of the student debt correction email, as provided by a borrower. His administration continues to express confidence that the broad debt relief will ultimately prevail in court.

☆ Premarket stocks: Betting on a market bounce? You may be waiting a while
▼ + stars: | 2022-12-12 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —‘Tis the season for Wall Street strategists to pack their clients’ inboxes with market predictions for 2023. Market analysts aren’t alone. “US equity returns will be driven by earnings against a backdrop characterized by elevated market volatility,” write JPMorgan analysts. The effort was initially touted as a “Big Bang 2.0” — a nod to the rapid deregulation of UK financial markets under former Prime Minister Margaret Thatcher in 1986. The changes are a bid to maintain London’s role as a global financial hub after Brexit, which, alongside political turmoil, has boosted uncertainty for companies thinking about where to invest.

☆ Why you've been getting so much Gmail spam about Yeti coolers
▼ + stars: | 2022-12-12 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Over the past few months, Americans have been receiving emails promising them a free Yeti backpack cooler from Dick's Sporting Goods — a $325 value. These emails have gotten a lot of attention because they are sometimes able to evade sophisticated spam filters, like those built into Google 's Gmail, but they are spam emails. The spam campaign is an example of how scammers are getting increasingly sophisticated at targeting consumers to give up their private information, said Or Katz, principal security researcher at Akamai , which recently published a look into how the recent spam campaign works. A Google representative called the phishing campaign "widespread" and "particularly aggressive." The spam campaign hitting user inboxes is another reminder that online fraud is a major industry, driven by money, that continues to evolve.

☆ American Airlines is closing its San Francisco crew base and asking 400 flight attendants to leave California or leave the airline
▼ + stars: | 2022-12-03 | by ( Hannah Towey | ) www.businessinsider.com time to read: +9 min

American Airlines is closing its San Francisco base, potentially displacing 400 flight attendants. The base is home to some of the carrier's most senior flight attendants, two-thirds of whom have been at the airline for 13 years or more, according to the union representing American Airlines flight attendants. In interviews, 10 SFO-based flight attendants told Insider that a myriad of factors make it difficult to leave the Bay Area. The decades of experience with the goal of achieving that lifestyle are now effectively lost, one flight attendant told Insider. Some employees expressed confusion on why they need to leave San Francisco if the carrier will still need to staff SFO flights.

☆ How to do your own PR as a small-business owner — without breaking the bank
▼ + stars: | 2022-11-29 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

Hiring someone to handle your small business' PR can be costly and ineffective. This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. Spivack Lowenstein and Smith shared the steps they took that any small business can use to start getting their name in the press. "Think about it more strategically than 'We want to be in the news,'" Spivack Lowenstein said. "My biggest learning is that you want to be helpful to journalists," Spivack Lowenstein said.

I want donors to know that every cent truly counts, and you can contribute to multiple causes. In fact, I'd fled the nonprofit world 15 years earlier and had no intentions of looking back. But what many donors don't know is that those traits, conferred through nonprofit status and IRS oversight, come with massive trade-offs. What it means to be a nonprofit and where our money goesAs a nonprofit director, I have to raise a lot of money just so our organization can remain compliant. At the same time, if you care about multiple issues, you can make small donations to multiple organizations.

☆ Where can you buy Taylor Swift tour tickets? Not Ticketmaster
▼ + stars: | 2022-11-18 | by ( James Skoufis | James Skoufis Is A Democratic New York State Senator Representing The Hudson Valley. In | He Undertook A Legislative Investigation Into Predatory Ticketing Practices | ) www.nbcnews.com time to read: +6 min

Ticketmaster is, yet again, pointing blame at literally everyone but itself after the latest debacle involving tickets for Taylor Swift’s 2023 “Eras” concert tour. Federal anti-trust regulators never should’ve allowed the company’s 2010 merger with Live Nation — and should course-correct by breaking up Ticketmaster. It’s likely that at each of Taylor Swift’s 52 upcoming concerts, thousands of tickets will be “held back” and never released to the general public. Even if you do secure a ticket, fees are out of control. “I should not be left to my own devices,” sings Taylor Swift.

☆ Amidst the layoffs at Amazon, the company's ultra-secretive research lab is at risk of being shut. It's a sign things are changing 'dramatically' at the company.
▼ + stars: | 2022-11-14 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

Early last month, members of Amazon's secretive in-house research lab, Grand Challenge, were called into an unexpected video meeting. Weibel announced 3 of the 5 projects Grand Challenge was working on would shut down, effective immediately. When other team employees wanted to collaborate with the team, they needed additional approvals from its leadership. Amazon Glow was among the Grand Challenge projects to be discontinued at the end of this year. Getting support promoting Grand Challenge projects was a challenge too.

San Francisco-based Twitter did not immediately respond to a request for comment on the security situation at the company. He echoed a pessimistic view among some Twitter users this week: The service might go down entirely under Musk's ownership. Verification serviceOn Friday, Twitter paused the rollout of its Twitter Blue verification service, intended to let users pay $8 a month for a verification badge. “The debacle with the Twitter verification is a really strong indicator as to what can go wrong,” Roger said. “When the verified Twitter users got hacked a few months ago, it was only a bitcoin scam, right?” Rogers said.

Consumer-savings expert Andrea Woroch says not every Black Friday or Cyber Monday deal is worth it. She warns against travel pacakge sales — wait until Travel Tuesday for the best deals. So as you start thinking about what you may want to buy during the November sales of Black Friday and Cyber Monday, heed the warnings of consumer-savings expert Andrea Woroch and avoid these five purchases this season. But Woroch says that to get those deals, wait just one more day after Cyber Monday ends. "The best travel deals happen on Travel Tuesday, which will happen on November 29," Woroch says.

The social media company said in an email to staff that it will alert employees by 9 a.m. Pacific time on Friday (12 p.m. EDT/1600 GMT) about staff cuts. The social media platform said Twitter employees who are not affected by the layoffs will be notified via their work email addresses. The layoffs, which were long expected, have chilled Twitter's famously open corporate culture that has been revered by its employees. Shortly after the email landed in Twitter employee inboxes, hundreds of people flooded the company's Slack channels to say goodbye, two employees told Reuters. "If you are in an office or on your way to an office, please return home," Twitter said in the email on Thursday.

☆ Twitter employees will find out whether or not they've been laid off via an email called 'Your Role at Twitter,' company says
▼ + stars: | 2022-11-04 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Twitter staffers are expected to receive an email titled "Your Role at Twitter" by 9 a.m. PST on Friday. If their employment is not impacted, they'll receive a note on their Twitter email, per a Musk memo. If their employment is impacted, they will receive a note with next steps via their personal email. Around 3,700 Twitter employees are expected to be hit with Musk's planned layoffs. Another employee wrote on LinkedIn: "Just got remotely logged out of my company laptop and removed from Twitter Slack.

☆ A 'leaving the flock' email from Twitter will tell thousands of employees on Friday that they're laid off by Elon Musk
▼ + stars: | 2022-11-03 | by ( Kali Hays | ) www.businessinsider.com time to read: +1 min

Twitter workers are set to learn if they have a future with the company under Elon Musk. An email is expected to go out tomorrow with a Twitter themed subject line. Twitter employees will learn tomorrow by email whether they are being eliminated by Elon Musk. An email with the subject line "Leaving the Flock" is set to go out to those Twitter employees globally who have been selected for layoffs, just a week into Musk's ownership of the platform. More than 3,700 employees are expected to be cut, as a list of workers selected for layoffs was finalized on Wednesday, as Insider reported.

☆ CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
▼ + stars: | 2022-10-26 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

New York CNN Business —“Unsettling.”That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on Wednesday when network boss Chris Licht candidly informed them that sweeping changes are imminent. In other words, brace for layoffs by the end of the year. Licht, who has been conducting a business review of CNN for six months, said in a memo that he had identified areas where changes will be made. Licht’s memo came hours after CNBC’s Alex Sherman published a deep-dive examining the future of CNN. Licht said in his memo that he aims to have the changes implemented by end of year so that 2023 can start on a strong foot.

☆ Republican committee sues Google over email spam filters
▼ + stars: | 2022-10-22 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

SAN FRANCISCO — The Republican National Committee has filed a lawsuit against tech giant Google, alleging the company has been suppressing its email solicitations ahead of November’s midterm elections — an allegation Google denies. “Enough is enough — we are suing Google for their blatant bias against Republicans,” said RNC Chairwoman Ronna McDaniel in a statement to The Associated Press. “For ten months in a row, Google has sent crucial end-of-month Republican GOTV and fundraising emails to spam with zero explanation. Gmail rivals Yahoo and Microsoft’s Outlook were more likely to favor pitches from conservative causes than Gmail, the study found. Gmail is participating in the “ Verified Sender Program, ” which allows senders to bypasses traditional spam filters, but also gives users the option of unsubscribing from a sender.

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