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☆ I quit my $240,000 job at Meta. Here's how I got hired and grew my salary — and why I left.
▼ + stars: | 2024-07-29 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. I started in engineering roles but soon realized my passion for technology and storytelling, which drove me toward marketing communications. AdvertisementTo get promoted at Meta, you need to perform and collaborate effectivelyThe promotion process at Meta involved a twice-a-year performance review cycle. The size of Meta was a new experience for meThe company's size was unlike any I had worked at before. I decided to leave Meta for personal reasonsAfter the demanding pandemic years, I wanted to spend more time with my family.

Persons: —, Alexandru Voica, I've, wasn't, I'm, Lauryn Haas Organizations: Service, ARM, Business, Ocado Group, Meta, Big Tech Locations: London, Romania, Cambridge, Abu Dhabi, Meta, Big, lhaas@businessinsider.com

☆ Why Mexico’s election is more important than ever for the United States
▼ + stars: | 2024-05-31 | by ( Sofía Benavides | ) edition.cnn.com time to read: +11 min

But it’s not just the massive scale of the event that makes it so important in the eyes of observers across the border in the United States. Key to facilitating this shift was the creation of the USMCA trade agreement, which came into effect in 2020 between Mexico, the United States and Canada. “Mexico committed to addressing the two main Mexican issues affecting the United States and that will determine the next election: migration and fentanyl. “But the United States also has to dismantle the network of traffickers within (its own borders). There is a significant network of organized crime in the United States that the administration must arrest, bring to trial, and whose activities it must restrict,” she added.

Persons: Mexico’s, it’s, – Claudia Sheinbaum, Xóchitl Gálvez, Xochitl Galvez, Quetzalli, Claudia Sheinbaum, Raquel Cunha, Reuters “, ”, Rafael Fernández de Castro Medina, Lila Abed, Andrés Manuel López Obrador, Joe Biden, Donald Trump, “, ” Abed, Abed, Ulises Ruiz, Raquel López Portillo Maltos, Jorge Alberto Schiavon Uriegas, López Obrador, Schiavon Uriegas, Carin Zissis, Sheinbaum, Zissis, Lopez Obrador, ¨, Chandan Khanna, “ México, Jose Luis Gonzalez, “ López Obrador Organizations: CNN, Sigamos, Reuters, Center for US, Mexico Studies, University of California, Mexico Institute, Wilson, Workers, AFP, Getty, Mexican Council, Foreign Relations, Center for Studies, Foreign, Trump, Biden, Americas Society, National Guard, Army, ¨ Trump, Border Patrol, Mexican Refugee Aid Commission, Mexican Army, National Security Law, CIA, Ministry of Foreign Affairs, Republican, Democratic Locations: United States, Morena, Mexico City, Mexico, San Diego, China, Canada, Ukraine, Cerritos, Ciudad Guzman, Jalisco, “ Mexico, Americas, Piedras Negras, Eagle, , Texas, Operation Juarez, Ciudad Juarez

☆ Britain's Ocado secures first deal beyond grocery retail
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023. It also holds a 50% share of Ocado Retail in the UK in a joint venture with Marks & Spencer (MKS.L). The deal with McKesson will see Ocado receive upfront fees during the construction process with the final payment upon final installation. Ocado said the impact of the deal will be minimal on cash flow and earnings in its current financial year. In July, the group reported a return to first half underlying profit.

Persons: Toby Melville, Canada Ocado, McKesson, Tim Steiner, we're, Spencer, Ocado, James Davey, Prerna Bedi, Shilpi Majumdar, Kirsten Donovan, Barbara Lewis Organizations: REUTERS, Kroger, Casino, Marks, Times, Thomson Locations: London, Britain, Canada, Ocado, United States, Japan, France, U.S, Bengaluru

☆ Ocado keeps guidance after return to first-half underlying profit
▼ + stars: | 2023-07-18 | by ( James Davey | ) www.reuters.com time to read: +2 min

SummaryCompanies First half underlying profit 16.6 mln stgLosses at pretax level widen to 289.5 mln stgShares surged last month on takeover speculationLONDON, July 18 (Reuters) - Ocado (OCDO.L), the British online supermarket and technology group, kept its financial guidance for the year as it reported a return to underlying profit in its first half. However, at the statutory level Ocado's pretax loss widened to 289.5 million pounds from 211.3 million reflecting depreciation, amortisation and exceptional items. Ocado said there was no change to the financial guidance given at its full-year results in February. In the first half Technology Solutions was EBITDA positive, Logistics was flat and Ocado Retail made a small loss. The group maintained its guidance for Technology Solutions to deliver "positive" EBITDA over the full 2022-23 year, with Ocado Retail making "marginally positive" EBITDA, and Logistics making "stable" EBITDA.

Persons: Tim Steiner, Ocado, Spencer, James Davey, Kate Holton, Jason Neely Organizations: Times, Amazon, Ocado, Marks, Logistics, Technology Solutions, Kroger, Casino, Thomson Locations: U.S, United States, Japan, France

☆ Ocado hits five-month high after return to profit, keeping guidance
▼ + stars: | 2023-07-18 | by ( ) www.cnbc.com time to read: +2 min

Ocado shares surged on Tuesday after the British online supermarket and technology group kept its financial guidance for the year as it reported a return to underlying profit in its first half. Shares surged 15.3% to their highest since February, beating the four-month peak set in June after a report of possible takeover interest from Amazon boosted the company's stock. Its Technology Solutions revenue jumped 59%. Ocado said there was no change to the financial guidance given at its full-year results in February. Ocado shares surged 32% on June 22 after The Times newspaper reported speculation of possible bid interest in the online supermarket from more than one U.S. suitor including tech heavyweight Amazon.

Persons: Chris Beauchamp, Ocado, I've, Tim Steiner Organizations: Technology Solutions, IG Group, Tech Solutions, Ocado, Marks, Logistics, Kroger, Casino, Jefferies, U.S, The Times Locations: United States, Japan, France, U.S

☆ Ocado shares jump more than 40% on speculation of Amazon takeover
▼ + stars: | 2023-06-22 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Shares of Ocado Group soared more than 40% Thursday after The Times newspaper published "speculation of bid interest from more than one American suitor." Shares of British online grocer Ocado Group soared more than 40% Thursday after The Times newspaper reported "speculation of bid interest from more than one American suitor." The report suggests that big technology players could be weighing up their options with regards to Ocado and picks out Amazon as a potentially interested party. Shares of Ocado jumped as much as 43% on the news, before paring gains. In February, the company reported a pre-tax loss of £501 million ($652 million) for the year to November 2022, which was worse than analyst expectations.

Persons: Ocado, Spencer Organizations: Ocado, The Times, CNBC, London Stock Exchange, FTSE Russell Locations: London, Ocado, Hatfield

☆ Shares of UK online supermarket Ocado soar on talk of Amazon bid interest
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 22 (Reuters) - Ocado Group (OCDO.L) shares surged by over 40% on Thursday after The Times newspaper reported speculation of possible bid interest in the online supermarket and technology group recently squeezed by a cost of living crisis in the UK. The Times noted there was talk of bid interest from more than one U.S. suitor including tech heavyweight Amazon (AMZN.O), pondering the merits of an offer worth 800 pence per share. Ocado declined to comment on either the stock's rise or the Times report. An Ocado grocery delivery van is driven along a street in London, Britain, March 25, 2023. Shares in Ocado rose as much as 46.7% and were briefly on track for their biggest one-day jump on record.

Persons: AJ Bell, Danni Hewson, Toby Melville, Ocado's, Ocado, Spencer, Danilo Masoni, James Davey, Muvija, Mike Holden, Susan Fenton Organizations: Ocado, The Times, Times, Amazon, REUTERS, Jefferies, Marks, Thomson Locations: U.S, London, Britain

☆ Shopify to Lay Off 20% of Its Workforce as It Sells Logistics Business to Flexport
▼ + stars: | 2023-05-04 | by ( Liz Young | Dana Mattioli | ) www.wsj.com time to read: 1 min

Shopify spent about $2.5 billion to buy Deliverr and 6 River Systems. Photo: Justin Tang/Associated PressFlexport is buying Shopify ’s logistics-fulfillment operations, including U.S. e-commerce platform Deliverr, setting up the freight company to add home-delivery services that would compete with Amazon.com for retailer business. Shopify is also selling its 6 River Systems warehouse robotics operation to U.K. automated grocery-fulfillment specialist Ocado Group .

☆ Rio Tinto boosts FTSE 100, worries of recession fade
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.1%, FTSE 250 flatMarch 31 (Reuters) - UK's FTSE 100 inched up on Friday as miner Rio Tinto rose after signing a partnership to develop a copper project, while relief that the domestic economy avoided a recession last year also aided sentiment. Data by the Office for National Statistics showed UK's economy grew in the fourth quarter as the country narrowly avoided a recession. Anglo-Australian miner Rio Tinto (RIO.L) rose 0.9% after signing a joint venture with Canada's First Quantum Minerals Ltd (FM.TO) to develop the La Granja copper project in Peru. Industrial metals miners (.FTNMX551020) housing Rio Tinto added 0.3% by 0721 GMT. The commodity heavy FTSE 100 (.FTSE) was up 0.1%, while the FTSE 250 (.FTMC) was flat.

☆ UK's Ocado Retail keeps profit guidance after quarterly sales rise
▼ + stars: | 2023-03-28 | by ( James Davey | ) www.reuters.com time to read: +2 min

The jv said retail revenue in the 13 weeks to Feb. 26 reached 584 million pounds ($719 million), up from 565 million in the same period last year. Average orders per week rose 3.6% to 381,000, with active customers reaching 951,000 at the end of the quarter, up 13.8% year-on-year. It said average basket value was flat, with a 7.5% fall in the average number of items bought to 45, offset by an 8.3% rise in average selling prices. Last month Ocado Group, whose shares have fallen 58% over the last year, said annual losses had ballooned to 501 million pounds after it took a big accounting charge. ($1 = 0.8120 pounds)Reporting by James Davey; Editing by Kate Holton and David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Lenders, energy stocks help London stocks extend gains
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.6%, FTSE 250 adds 0.2%March 28 (Reuters) - UK shares extended gains on Tuesday, supported by an upbeat performance in energy heavyweight BP, while lenders gained following reassuring comments by Bank of England Governor Andrew Bailey on the stability of the banking sector. The pound strengthened 0.3% as traders weighed the prospects of higher interest rates. The blue-chip FTSE 100 (.FTSE) rose 0.6%, while FTSE 250 (.FTMC) climbed 0.2% by 0718 GMT. Energy stocks (.FTNMX601010) rose 1.6%. Reporting by Johann M Cherian in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ I use AI to teach autonomous cars how to drive. People are skeptical, but they could become safer than human drivers.
▼ + stars: | 2023-02-23 | by ( Asonta Benetti | ) www.businessinsider.com time to read: +5 min

Ben Foxall is interested in how humans and tech work together. He began working for Wayve, a startup that's using AI to teach cars to drive. My team oversees the whole process of how self-driving cars work. Right now we're building commercial fleets of self-driving cars for urban areas to be able to take over the last-mile delivery of groceries. Self-driving cars are mind-bogglingly complex and incredible.

☆ Companies Are Slow to Adopt Robot-Operated ‘Dark’ Warehouses
▼ + stars: | 2023-02-17 | by ( Liz Young | ) www.wsj.com time to read: +5 min

More companies are exploring ways to staff warehouses with robots but may have to wait a few years for the technology to catch up. It makes the automation much easier to justify,” said Sean Wallingford, president and chief executive of the Americas region for warehouse technology company Swisslog Holding AG. A robotic arm picks and packs orders at online pharmacy company Apo.com’s automated warehouse in the Netherlands. Photo: RIGHTHAND ROBOTICSAbout 20% of warehouses in 2022 used some form of robotics, up from 15% in 2018, according to research firm Interact Analysis. Mr. Jensen said the company made changes after the first fire in 2019, limiting damage from later fires.

☆ FTSE 100 slides into red as Ocado weighs
▼ + stars: | 2023-01-17 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

REUTERS/Stefan Wermuth/FilesSummarySummary Companies FTSE 100 down 0.1%, FTSE 250 off 0.05%Wage growth rises unexpectedlyRevolution Bars Group slumpsFTSE 100 hovers over 4-1/2-year highJan 17 (Reuters) - UK's blue-chip FTSE 100 edged lower on Tuesday, snapping a four-day winning streak, as Ocado sank on grim Christmas sales at its online supermarket venture, while data showing rising pay growth fuelled fears about the Bank of England (BoE) keeping monetary policy tight. The blue-chip FTSE 100 (.FTSE) fell 0.1%, while the domestically-oriented FTSE 250 (.FTMC) shed 0.05%. Shares of retailer Ocado Group (OCDO.L) tumbled 5.5% after its online supermarket joint venture with Marks & Spencer (MKS.L), Ocado Retail, said customers purchased fewer items per order in the run-up to Christmas. This saw the personal care, drug and grocery index (.FTNMX452010) lose 0.9%, making it the worst performing sector. Reporting by Johann M Cherian in Bengaluru; Editing by Saumyadeb Chakrabarty and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Britain's M&S warns of 'gathering storm' of higher costs and weak consumer
▼ + stars: | 2022-11-09 | by ( James Davey | ) www.reuters.com time to read: +3 min

SummarySummary Companies H1 profit down 24%Expects profit decline in full yearFacing higher labour, energy, currency costsLONDON, Nov 9 (Reuters) - British retailer Marks & Spencer (MKS.L) warned on Wednesday of a "gathering storm" of higher costs and pressure on household budgets, as it reiterated full-year profits would fall. Profits fell, despite an 8.5% rise in revenue to 5.54 billion pounds, due to higher costs. Prior to Wednesday's update, analysts were on average forecasting a profit before tax and adjusting items of 397 million pounds for the 2022-23 fiscal year, down from 523 million pounds in 2021-22. Marks & Spencer (M&S), whose shares have halved this year, said total food sales increased 5.6% in the first half, while clothing and home sales rose 14%. "Across all M&S markets it is highly likely that conditions will become more challenging in FY24," M&S said.

☆ Ocado enters South Korea with Lotte Shopping deal
▼ + stars: | 2022-11-01 | by ( James Davey | ) www.reuters.com time to read: +3 min

REUTERS/Paul ChildsSummarySummary Companies Lotte Shopping becomes Ocado's 12th partnerOcado to build six robotic warehouses by 2028Ocado shares soar 34%LONDON, Nov 1 (Reuters) - Ocado (OCDO.L), the British online supermarket and technology group, has entered South Korea, one of the most mature e-commerce markets in the world, through a partnership deal with Lotte Shopping (023530.KS), the companies said on Tuesday. Lotte, South Korea's second largest grocer, becomes Ocado's 12th partner across 10 countries. Ocado's in-store fulfilment technology will also be rolled out across Lotte stores from 2024. Lotte Shopping, part of South Korea's Lotte Group conglomerate, operates department stores, hypermarkets, supermarkets and e-commerce, with more than 1,000 stores nationwide and an annual revenue of 9.5 billion pounds ($10.9 billion). Ocado Group's shares have been hurt this year by the performance of Ocado Retail, its retail joint venture with Marks & Spencer (MKS.L).

☆ Commodity stocks boost UK shares to near seven-week high
▼ + stars: | 2022-11-01 | by ( Anisha Sircar | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 up 1.6%, FTSE 250 adds 1.6%Ocado surges on partnership deal with Lotte ShoppingUK house prices fall after 'mini-budget' turmoilNov 1 (Reuters) - UK's FTSE 100 hit its highest level in nearly seven weeks on Tuesday as commodity stocks rallied ahead of a key U.S. Federal Reserve verdict, while BP turned choppy after hitting a 2-1/2 year high following its results. The blue-chip FTSE 100 (.FTSE) jumped 1.6%, while the domestically oriented FTSE 250 (.FTMC) rose 1.6%. UK's energy (.FTNMX601010) and mining shares (.FTNMX551020) climbed 1.0% and 3.9%, respectively, tracking stronger commodity prices. Focus was on U.S. and UK policy decisions on Wednesday and Thursday, respectively, with both central banks expected to raise rates by 75 basis points. read moreOcado Group (OCDO.L) jumped 32.7% after the online supermarket group announced a partnership deal with Lotte Shopping (023530.KS).

☆ How to work smarter – not harder – everyday
▼ + stars: | 2022-10-31 | by ( Madison Coffelt | Created Slack With Insider Studios | ) www.businessinsider.com time to read: +7 min

When we work smarter, not harder, we can harness our work tools and use technology to our advantage. That flexibility makes space for new ways to work smarter, not harder. In short: Your digital HQ is a way to work, not a place to work. Teams working across various time zones can schedule messages so their colleagues get them when they are online and active. Anyone has the power to use no-code or low-code features in Slack to automate admin work and repetitive tasks, freeing up valuable chunks of time to work on more strategic and meaningful work.

This is the first time Cruise has acknowledged the long-term need for remote human operators. Truly autonomous vehicles are far behind the optimistic rollout schedules predicted just a few years ago. In a June interview on YouTube, Musk said developing self-driving cars was "way harder than I originally thought, by far." Over time, those people will act as "air traffic controllers," supervising a growing number of autonomous cars. "Even decades from now you will not get to 100% truly autonomous vehicles," Kaveh added.

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