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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn internal Amazon document explains how the company plans to meet its new goal to have fewer managers. AdvertisementAs we have grown our teams quickly and substantially, we have understandably added a lot of managers. AdvertisementOver the coming months, senior leaders across Amazon will be examining their organizations for opportunities to advance an even more customer-centric team structure that fosters agility and empowers frontline decision making. Related storiesWe expect it will be the opposite — any changes resulting from this should increase managers' and leaders' visibility to their teams' work.
Persons: , Andy Jassy, We've, we've, It's, orgs Organizations: Service, Amazon, Monday, Business
The doc includes more than 500 submissions from people who identified themselves as Microsoft employees in the US. The move came in response to a growing number of its workers feeling underpaid compared to Microsoft's tech peers like Amazon . AdvertisementAs a reminder, this pay data is based on Microsoft employees' self-reporting, so it's not a complete picture. However, the pay gap between Microsoft AI and the rest of the company is undeniable. These are the 100 most-used AI apps, according to a top VC.
Persons: , Chelsea Jia Feng, Insider's Ashley Stewart, Ashley, Satya Nadella, Drew Angerer, Mustafa Suleyman, it's, they're, Tyler Le, Jerome, Jerome Powell's, Goldman Sachs, Jamie Dimon's, Dimon, Ned Davis, Justin Sullivan, Andreessen Horowitz, Jenny Chang, Rodriguez, Jack, Jerome Powell, Sabrina Carpenter, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Microsoft, Business, Microsoft Microsoft, Getty, Bloomberg Creative, JPMorgan, Treasury, Ned Davis Research, Big Tech, RBC Capital Markets, Consumer, Engineers, BI Locations: Washington, New York, London
With many companies maintaining the "efficiency" mindset, and hiring for tech jobs remaining low, according to the iCIMS Insights April 2024 Workforce Report, innovation is at risk. Madan says companies tend to act based on fear of missing out, but this behavior can stall technological innovation. This process can be messy, which is why experts say any conversation centered around efficiency must also include innovation. Digital transformation is a core pillar of business strategy for 84% of technology and business leaders, according to the TEKsystems report. On the innovation front, he added, "The best organizations are the ones that synthesize human input with AI collaboration."
Persons: It's, Mark Zuckerberg, Ricardo Madan, they've, Zuckerberg, Madan, Chris Duffey, Duffey, Duffy Organizations: Meta, IBM, Tech, Adobe, Google, Bureau of Labor Statistics Locations: Menlo Park, Meta, California, TEKsystems, U.S
Google is merging more parts of the company in an effort to move faster in AI. Google's DeepMind chief has gained more power, while the head of Pixel will also oversee Android. The changes put more firepower behind some key Google products, and could help it launch faster. CEO Sundar Pichai announced a series of re-orgs in a memo to staff on Thursday, and — surprise, surprise — Google says it's all happening because of artificial intelligence. Pichai said the changes, which include merging different parts of the company, would help Google "simplify decisions" and move faster.
Persons: Google's, , Sundar Pichai, Pichai Organizations: Google, Service, Research, Business
It is designed to assist with building new products, according to internal documents reviewed by Business Insider. “It can answer questions around Google-specific technologies, write code using internal tech stacks and supports novel capabilities such as editing code based on natural language prompts,” an internal summary of Goose reads. The documents note that the creation of Goose was a collaborative effort between Google Brain, DeepMind, and Google's internal infrastructure teams. And Goose isn't the only example of Google using AI to be more efficient. AdvertisementAnd if Googlers have specific development questions while using Goose, they're encouraged to turn to the company's internal chatbot, named Duckie.
Persons: , it’s, Gemini, , Ruth Porat, Goose, TKTKTK Goose, DeepMind, , Philipp Schindler, Business Insider’s, they're Organizations: Service, Business, Google, Microsoft
A letter from Donald Trump's court monitor in his fraud trial suggests he lied about a $48 million loan. The team also provided a memo from the Trump Org's legal department stating that the loan was paid off. AdvertisementDonald Trump is fighting back after a court monitor's footnote indicated that the former president may have committed tax fraud. The Daily Beast first reported on Sunday the note from Jones is a clue Trump used a fake $48 million loan as a vessel to avoid paying income taxes. Advertisement"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.
Persons: Donald Trump's, , Donald Trump, Barbara Jones, Arthur Engoron, Donald J, Trump, Jones, Judge Jones, Martin Lobel, Clifford S, Robert, Christopher Kise, , Jason Flemmons, Kise Organizations: Trump, Service, Trump Organization, Manhattan Supreme, Chicago, Daily Beast, Daily, Business, Government, Trump Org, Mezz Venture
Google is laying off "several hundred" employees in its advertising sales team, Business Insider has learned. Schindler wrote that the cuts were the result of changes being made to how Google's sales team operates. BI previously reported that Google was shifting more staff away from Large Customer Sales (LCS), a team that serves the company's bigger advertising clients, to its Google Customer Solutions (GCS) team, which serves more medium-level clients. This reorg is the next evolution of that as cuts appear to be primarily targeted at the LCS team. Our goal has always been to have the right customer, mapped to the right channel for growth, with the best support models and streamlined operations.
Persons: Philipp Schindler, Google's, Schindler, Max, Chris Pappas, Jerry Dischler, Vidhya Srinivasan, Here's, we've, we're, I've, we'll, Philipp Organizations: Google, Business, BI, LCS, Alphabet Workers, Global, Solutions
Israeli airstrikes hit two refugee camps in the central Gaza Strip on Sunday, killing scores of people, health officials said. The strikes came as the U.S. keeps urging Israel to take a humanitarian pause from its relentless bombardment of Gaza and rising civilian deaths. U.S. Secretary of State Antony Blinken traveled to Ramallah in the West Bank for a previously unannounced meeting with Palestinian President Mahmoud Abbas. Political Cartoons View All 1234 ImagesCurrently:— Gaza has lost telecom contact again, while Israel’s military announces it has surrounded Gaza City. — A U.N. official says the average Palestinian in Gaza is living on two pieces of bread a day.
Persons: Israel, Antony Blinken, Mahmoud Abbas, Blinken, Mohammed Shia, Benjamin Netanyahu, Joe Biden, evacuee Sara El, Masry, , JORDAN, Jordan, King Abdullah II, , Michael Hertzog, ” Hertzog, OBAMA, Barack Obama, , he’s, ” Obama, I’ve, Alp Toker, Juliette Touma, Ayatollah Ali Khamenei, Ismail Haniyeh, IRNA, Khamenei, Haniyeh, JERUSALEM —, Jacob Lew, Biden, ” Lew, Isaac Herzog, Lew, Antony Blinken’s Organizations: West Bank, Iraqi, Hamas, Ministry, WHO, GAZA, SYDNEY AIRPORT SYDNEY, Nine, Sydney Airport, Australian, United Arab Emirates, Mideast, Central Command, FIRE, NATIONS, Inter, Agency, UNRWA, United Nations, Jordanian, Twitter, ISRAEL, CBS, JERUSALEM, Paltel, Associated Press, Hezbollah, U.S, Israel, Embassy, . Riot Locations: Gaza, Ramallah, Baghdad, Jordan, Israel, United States, Egypt, Qatar, Gaza City, , U.S, Berlin, israel, Sydney, Rafah, DUBAI, United Arab, Suez, ., Ohio, America's, Iran, UN, Palestinian Territory, GAZA AMMAN, Jordanian, GAZA, Palestinian, IRAN, TEHRAN, Lebanon, GAZA JERUSALEM, Beit Hanoun, TURKEY, ISTANBUL –, Ankara, Turkish
In today's big story, we're looking at Sam Bankman-Fried's conviction and what it means for the future of crypto. Sam Bankman-Fried, the crypto industry's most recognizable face (and head of hair), was found guilty of seven counts of fraud and conspiracy on Thursday night. Charges against Bankman-Fried included wire fraud, conspiracy to commit wire fraud, conspiracy to commit securities fraud, conspiracy to commit commodities fraud, and conspiracy to commit money laundering. The conviction came, perhaps fittingly, on the first anniversary of the CoinDesk scoop that sent FTX, the crypto exchange Bankman-Fried co-founded and led, into a tailspin. The downfall was swift, with Bankman-Fried resigning as CEO and FTX collapsing just over a week after the initial report.
Persons: , Katie Notopoulos —, Linda Yaccarino, Sam Bankman, Chelsea Jia Feng Down, Crypto, SBF, FTX, Fried, Katie Balevic, Jacob Shamsian, Katie, Chelsea Jia Feng, Miami —, That's, Brian Snyder Jamie Dimon, Jeff Gundlach, Gundlach, Mike Blake, Jack Dorsey, Samantha Lee, Janet Yallen, Sheryl Crow, Missy Elliott, isn't, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bankman, Alameda Research, Wall, BlackRock, PayPal, JPMorgan, Microsoft, Tech, Financial, Labor Statistics, Hall, Today Locations: FTX's, New York City, San Diego, London, New York
LinkedIn told employees in an email Monday that it's cutting more than 600 roles. The professional networking platform said the cuts will be across its engineering and product team. AdvertisementAdvertisementLinkedIn is making further cuts to its workforce and laying off more than 600 employees across its engineering and product team. It also gave a breakdown of where the layoffs would take place and said "137 Engineering management roles" and "38 Product roles" were getting cut. Broken down, there are 137 Engineering management roles and 38 Product roles being reduced.
Persons: , It's, Ryan Roslansky, Roslansky, we've, jmann@insider.com Organizations: Service, LinkedIn, Staff, CNBC, Google, Microsoft, Meta, Engineering
Microsoft -owned LinkedIn announced Monday that it cut almost 700 employees, with most coming from the engineering organization, according to a memo viewed by CNBC. The reductions come as the business-oriented social network has seen year-over-year revenue growth slow for eight consecutive quarters. The slimming down comes as Microsoft's overall revenue growth has slipped, pushing CEO Satya Nadella to lower costs across the company. LinkedIn is now ramping up hiring in India, according to the person familiar with the matter. Broken down there are 137 Engineering management roles and 38 Product roles being reduced.
Persons: we've, Mohak Shroff, Tomer Cohen, Satya Nadella, LinkedIn's Karin Kimbrough Organizations: Microsoft, CNBC, LinkedIn, Reuters, Engineering Locations: India
Some Harvard students say their groups signed a divisive letter about Israel without them knowing. AdvertisementAdvertisementSeveral students at Harvard University said they had no idea their student groups were signing a divisive letter condemning Israel for Hamas' attacks. One of the Harvard students to distance themselves from the letter was Danielle Mikaelian, who said she was a board member of a group that signed the statement. "Harvard Undergraduate Ghungroo strictly denounces and condemns the massacre propagated by the terrorist organization Hamas," wrote Harvard Undergraduate Ghungroo the same day. AdvertisementAdvertisementHarvard President Claudine Gay on Tuesday addressed the controversial student statement, saying it did not represent the university's stance.
Persons: , Israel, Danielle Mikaelian, Mikaelian, Bill Ackman, Mohini Tangri, Tangri, Crimson, Ackman, Ghungroo, Claudine Gay Organizations: Harvard, Service, Harvard University, Harvard Crimson, Mikaelian, Ghungroo, Harvard Undergraduate Nepali Student Association, Nepali Student Association, Hamas, Israel Defense Forces, Palestinian Ministry of Health Locations: Israel, Hamas, Gaza
Larry Summers has addressed the row about Harvard student groups that signed an anti-Israel letter. The letter, signed by 30-plus groups, said the students held Israel responsible for Hamas attacks. AdvertisementAdvertisementLarry Summers, former US treasury secretary and Harvard graduate, said some of the students at the college who signed an anti-Israel letter "did not exactly understand what they were approving." It was authored by Harvard's undergraduate Palestine Solidarity Committee and signed by more than 30 student groups. Several Harvard students have publicly distanced themselves from the letter and said they were unaware their organization had even signed it.
Persons: Larry Summers, , Summers, Bill Ackman, Danielle Mikaelian, Mohini Tangri, Benjamin Netanyahu Organizations: Harvard, Israel, Service, Palestine Solidarity Committee, Twitter, Harvard University, Palestinian, Hamas, Israel Defense Forces Locations: Israel, Palestine, Gaza
In the Republican coalition, it is a moment that has culminated decades of change – and one that points to years of turbulence ahead. Overwhelming majorities of Republican voters dismiss the charges against Trump. In Gallup’s latest annual survey of trust in institutions, Republicans expressed less faith in 10 of the 16 measured. Veteran GOP pollster Whit Ayres points to another, more personal, reason so many GOP voters have discounted the charges against Trump. Trump is the Republican most effectively riding that wave now, but it seems unlikely to recede whenever he fades from the political scene.
Persons: Donald Trump, , Trump, Tresa Undem, , Stormy Daniels, “ Trump, , Ronald Reagan, “ There’s, Amy Fried, Goldwater, Reagan, Fried, Steve Bannon, Eric Plutzer, ” Plutzer, Hillary Clinton, “ Efrem Zimbalist Jr, Plutzer, , MAGA, Undem, ” Trump, He’s, ” he’s, George Floyd, It’s, ” Robert P, Jones, winks, ’ Trump, ” “ MAGA, ” Jones, Daniel Cox, , ” Cox, Chris Christie, Asa Hutchinson, Will Hurd, Hunter Biden, Cox, wasn’t Hunter Biden, Whit Ayres, ” Ayres, Donald Trump’s, aspersions, That’s, , Long Organizations: CNN, Republican, GOP, Trump, Whites, Bright Line, Republicans, CBS, University of Maine, Government, National Rifle Association, NRA, Penn State University, Institute for Democracy, Department, FBI, ABC, Justice Department, Pew Research Center, Gallup, Black, Religion Research Institute, White, American Enterprise Institute, Trump —, Prestige, Senate, Trump . Veteran GOP, , Democratic Locations: , Vietnam, stoke, Russia, Manhattan, Fulton County , Georgia, New York, Undem, America
The company is putting in place detailed and mandatory rules for in-office and remote work. See new rules on badge tracking, monthly evaluations, and remote workers only allowed in-office a few days per quarter. Meta founder and CEO Mark Zuckerberg used to say remote work was the way of the future . Meta's guidelines appear to be tailored specifically to avoid remote workers having their cake, and eating it, too. Both will be evaluated monthly, for in-office and remote workers, and employees found to be non-compliant will be notified.
Persons: Mark Zuckerberg, Lori Goler, Meta, Andy Jassy, Zuckerberg, Kali Hays, Hugh Langley Organizations: Meta, Facebook, Google, Employees, Twitter Locations: khays
Meta in June said it wanted workers to come into the office three days a week. Employees already approved for fully remote work do not have to comply with the three-day per week mandate. Managers at Meta will be responsible for following up with workers on a monthly basis, making sure they are complying with RTO. STATUS TOOL• Everyone - both office and remote workers - must keep the Status Tool updated with your work location, ideally 2 weeks in advance. Leaders can include global office locations and remote work (internal only) as part of their strategy.
Persons: Meta, Lori Goler, Goler, Mark Zuckerberg, Tim Ferris, Zuckerberg, we're, , isn't, you'll, Kali Hays, Hugh Langley Organizations: Facebook, Meta, RTO, Workers, Labor, Office, Org, Twitter Locations: that's, khays
Mark Zuckerberg suggested that people should take Elon Musk's comments with a pinch of salt. He said on Threads on Friday that people should "assume anything he says has not been agreed on." The Meta chief made the quip after Musk claimed that an "epic location" had been agreed upon. Mark Zuckerberg and Elon Musk have renewed their intense rivalry as both billionaires continue to exchange jabs. "Until then, please assume anything he says has not been agreed on," Zuckerberg wrote.
Persons: Mark Zuckerberg, Elon Musk's, Musk, Elon Musk, Zuckerberg, he'll, Elon, I'm, Chan, Gennaro Sangiuliano, Musk brazenly, X didn't Organizations: Morning, UFC, Initiative, Musk Foundation, Culture, Italy's, Twitter, Meta Locations: Rome
Trade orgs for Netflix, Disney, and others oppose an FTC plan to make it easier for people to cancel subscriptions. The "click to cancel" proposal comes as streamers and other businesses face rising cancellation rates. The new rule would require companies to offer a simple mechanism for users to cancel subscriptions the same way they signed up. "I can't tell you how much time I've spent trying to cancel subscriptions I never wanted, let alone the cost!" And entertainment trade orgs are fighting the FTC's proposal, submitting comments to the FTC ahead of its June 23 deadline for public comment.
Persons: I've Organizations: Netflix, Disney, Companies, Federal, FTC, Amazon, Amazon Prime, Deloitte, Warner Bros, Discovery, & Television Association, Paramount, Sirius XM, Entertainment Software Association, ESA, Digital Media Association, Association, Sony Pictures Entertainment, Universal Pictures
Trade orgs for Netflix, Disney, and others oppose an FTC plan to make it easier for people to cancel subscriptions. The "click to cancel" proposal comes as streamers and other businesses face rising cancellation rates. The FTC has gone after individual companies; it recently sued Amazon, alleging the etailer "tricked" people into signing up for Amazon Prime. The new rule would require companies to offer a simple mechanism for users to cancel subscriptions the same way they signed up. And entertainment trade orgs are fighting the FTC's proposal, submitting comments to the FTC ahead of its June 23 deadline for public comment.
Persons: I've Organizations: Netflix, Disney, Companies, Federal, FTC, Amazon, Amazon Prime, Deloitte, Warner Bros, Discovery, & Television Association, Paramount, Sirius XM, Entertainment Software Association, ESA, Digital Media Association, Association, Sony Pictures Entertainment, Universal Pictures
Elon Musk said Twitter users have to temporarily sign in to view tweets to stop AI data scraping. Musk threatened companies that "stole" Twitter data with legal action and said he's open to ideas. Elon Musk said Twitter had to take "drastic and immediate" action to restrict access to tweets because AI companies were stealing its data. The Twitter CEO said Friday he took action to stop AI firms from "extreme levels" of data scrubbing. Hundreds of companies were "scraping Twitter data extremely aggressively", Musk said, adding that social media companies without an authentication process were at risk of becoming "bot-strewn hellscapes."
Persons: Elon Musk, Twitter, Musk, Tim Sweeney, Sweeney, OpenAI Organizations: Epic, Oracle, SpaceX, Twitter, New York Times
Vice is expected to file for bankruptcy, and some staffers fear salary or severance payments could be affected. The WGA East represents the Vice Union and said it will work to ensure members receive "everything owed." Vice has cut dozens of staff along with canceling its cable show "Vice News Tonight." Last month Vice said it was axing "Vice News Tonight," which once aired on HBO but shifted in 2019 to Vice's own cable channel, Vice TV. A second Vice insider said: "Hundreds of people lose their jobs and Shane gets his back?
Twitter users could soon have the option to pay to read individual articles rather than subscribe to a news outlet. Elon Musk said Saturday that a feature allowing publishers to charge for one article would roll out next month. Media publishers may soon be able to charge Twitter users to read individual articles shared on the platform rather than require them to purchase a subscription to a paywalled outlet. Twitter CEO Elon Musk announced Saturday that the company plans to roll out the feature next month, allowing news outlets to "charge users on a per article basis with one click." It's also currently unclear what amount, if any, of the payment to read an individual article would go to Twitter.
On Wednesday, thousands of Meta workers received early morning emails on if they still had jobs. Meta began another round of layoffs on Wednesday, and employees were again left to figure out for themselves which jobs, levels, and teams were impacted by the cuts. How the layoffs happenedThousands of tech and engineering workers received emails over the course of about two hours on Wednesday morning. Laid off workers generally received 16 weeks of severance and benefits coverage for a year, as those laid off in November received. Impacted jobsHere is a running list of what types of jobs and certain teams at Meta were impacted by this round of layoffs.
Tech workers at Meta have started to find out if they're affected by the latest round of layoffs. Social media posts appear to show that staff members have been receiving news of job cuts Wednesday. Insider viewed more than a dozen LinkedIn posts by Meta workers saying they'd been hit by the cuts as part of Meta's so-called "Year of Efficiency." Bloomberg reported that Meta told staff work from home on Wednesday so that they could process the news. "This will be tough and there's no way around that," Zuckerberg told staff in March's email.
With layoffs seemingly in every major industry, it's natural to feel some layoff anxiety. Layoff anxiety is high among workers. What to do when layoff anxiety is consuming your thoughts1. Ask yourself:What would I do if I'm laid off? Layoff anxiety can stop you in your tracks.
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