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Search resuls for: "Insider's Eugene Kim"


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☆ Amazon employees think the company is lowering the bar with a streamlined interview process
  + stars: | 2023-01-12 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +5 min
This is Matt Weinberger, deputy editor of Insider's tech analysis team, filling in once again for your regular captain Diamond Naga Siu. Stop me if you've heard this one: Amazon walks into a bar... But seriously folks, my colleague Eugene Kim reports on a big, meaningful change in the online retail giant's hiring process. Some employees think so, Insider's Eugene Kim reports. He says that "current and former bar raisers I talked to were not too happy about this decision and were concerned about its potential to drag down Amazon's hiring bar."
☆ These Wall Street analysts explain why they think tech is headed for a huge rebound in 2023 after the 'carnage' in the market this year
  + stars: | 2022-12-23 | by ( Emilia David | ) www.businessinsider.com   time to read: +4 min
But analysts at Wedbush say tech will grow in 2023, with nowhere to go but up. But in a new note to clients, analysts at Wedbush say that amid the 'carnage' comes the opportunity for growth in 2023. Ives told Insider that the tech sector is well-positioned to thrive even amid a potential economic downturn. All the angst around valuations and macroeconomic conditions are already priced into tech stock prices, Ives suggests, meaning there's nowhere really to go but up. Whichever way 2023 shakes up, Ives thinks there's no reason to miss out on tech stocks next year.
☆ Amazon thought Alexa would be the next iPhone. Turns out it's a 'glorified clock radio.'
  + stars: | 2022-11-30 | by ( Jake Swearingen | ) www.businessinsider.com   time to read: +5 min
Amazon's Alexa was Jeff Bezos' pet project; now it's a target for the company's cost-cutting. The Amazon Echo debuted in 2014 and was the company's first real success as a hardware manufacturer. The stand-alone voice assistant was immediately useful, and by 2018, the company sold more than 100 million Alexa-enabled devices. It even licensed the Alexa voice assistant to other manufacturers, hoping to make the assistant ubiquitous throughout people's homes. But as Amazon faces a new era of cost discipline, a "glorified clock radio" can't lose $10 billion a year or employ 10,000 people.
☆ Inside Amazon's Alexa unit, once considered to key to the company's future but now facing heavy layoffs
  + stars: | 2022-11-27 | by ( Matt Turner | Lisa Ryan | Hallam Bullock | ) www.businessinsider.com   time to read: +3 min
Over a dozen current and former employees told Insider's Eugene Kim that the division is in crisis — and the mounting losses and massive cuts underscore the swift downfall of Alexa. Go inside Amazon's Alexa unit. Jerod Harris/Getty ImagesWalt Disney stunned Hollywood this week by reinstating Bob Iger as its chief executive, and company insiders told us that his return to the throne came together in a matter of days. Getty ImagesTwitter's remaining employees are now expected to keep its CEO Elon Musk up to date on everything they work on each week. Responding to a tweet citing correspondent Kali Hays' report on the leaked email, Musk said the decision was "not unreasonable."
☆ As Amazon's Alexa unit faces layoffs, insiders describe a department in crisis
  + stars: | 2022-11-21 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Today, we're taking a look inside the rise and fall of Amazon's Alexa unit, and detailing more potential layoffs at Twitter, so we're not off to a great start — but let's keep our fingers crossed. Employees took us inside Amazon's floundering Alexa unit. With Amazon's Alexa — and the devices team at large — the prime target of the biggest layoffs in the company's history, Insider's Eugene Kim spoke with more than a dozen employees to understand the current state of the unit. Employees told Insider a combination of low morale, failed monetization attempts, and lack of engagement across users and developers made them feel as though the team was deadlocked over the last few years. Here's everything employees told us.
☆ Amazon's job cut plans show that tech isn't out of the woods just yet
  + stars: | 2022-11-15 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +6 min
Indeed, as Insider reported last week, Mark Zuckerberg isn't ruling out the possibility of more layoffs at Meta. Amazon CEO Andy Jassy Dan DeLong/GeekWire1. Meta CEO Mark Zuckerberg Photo by Liu Jie/Xinhua via Getty2. The tech titans are known for paying the big bucks, but that's not the only way to make it in tech. Tech leaders like Ancestry CEO Deb Liu and Scale AI CEO Lucy Guo will appear on stage.
☆ Google employees who used to work at Amazon complain to each other just how 'frugal' their former employer was: No second monitors, no MacBooks, and splitting one bagel between two people at office me
  + stars: | 2022-09-15 | by ( Britney Nguyen | Eugene Kim | ) www.businessinsider.com   time to read: +3 min
Over two dozen former Amazon employees at Google started an internal email thread about Amazon. In one email, an employee who left Amazon in 2020 said his team only got one computer monitor. Amazon employees having to ask for higher quality work devices became an example of the term "frupidity," which is spreading throughout Amazon's offices. To get a second monitor, Amazon employees would hire summer interns who would get a monitor, then take them after the intern left. The email thread is followed by over 2,000 people, and is meant to connect former Amazonians who are now Googlers.
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