DIRS.INFO The most relevant business & tech news

☆ Making a TikTok layoff video 'is insanely risky for future job prospects' says ex-Google recruiter
▼ + stars: | 2024-04-09 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

On Jan. 9, TikToker Brittany Pietsch posted a video of her layoff from tech company Cloudflare. The video went viral, with various outlets weighing in both on how the company handled the layoff and Pietsch's choice to post it at all. "I documented my layoff because at that point I was already very active on TikTok," she tells Make It. "I think that this is insanely risky for future job prospects," says Nolan Church, former Google recruiter and current CEO of salary data company FairComp. You could still make a measured, professional post in that moment, but it would be just as easy to get emotional.

Persons: Brittany Pietsch, She's, Joni Bonnemort, Bonnemort, It's, Nolan Church, Phoebe Gavin, Gavin, they're Organizations: Google Locations: Utah

☆ Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit
▼ + stars: | 2024-04-09 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +11 min

Equal Employment Opportunity Commission alleging they were fired based on their age or out of retaliation, according to company securities filings and the proposed countersuit. Bowlero says that Tanase resigned and then had a change of heart when he realized he wouldn't get severance pay. Now, Tanase is seeking the court's permission to countersue Bowlero and the company's executive vice chairman, Brett Parker. I've told you this before," said Tanase, according to the transcript. He also claims Bowlero sued him to deter him from filing a complaint with the EEOC or serving as a witness in its investigation into Bowlero.

Persons: Bowlero's, Thomas Tanase, Bowlero, Tanase, Thomas Shannon, countersue Bowlero, Brett Parker, Parker, Daniel Dowe, he'd, haven't, I've, Alex Spiro, Quinn Emanuel, Elon Musk, Alec Baldwin, Spiro, Scott Pickus, Pickus, Shannon Organizations: Bowlero, U.S, AMF, Lucky, Federal, CNBC, FBI, Elon Locations: Virginia, North America, Bowlero

☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
▼ + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +8 min

Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.

Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel

☆ Here are 5 secrets of Netflix's success, according to Reed Hastings
▼ + stars: | 2024-04-06 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Reed Hastings, the streaming giant's cofounder and executive chair, walked through five key elements of Netflix's corporate culture on the latest episode of "The Tim Ferriss Show." Team, not familyNetflix is run like a top-tier sports team that aims to fill each position with the best person who's also a team player, Hastings said. Stacking its roster with exceptional performers maximizes Netflix's chance of success and also motivates, educates, and draws in even more talent. Advertisement"The reward for adequate performance is a generous severance package," Hastings said. "Sometimes if to help them grow I've got to be willing to argue with my manager, then that's okay," Hastings said.

Persons: —, Reed Hastings, Tim Ferriss, who's, Hastings, I've Organizations: Service, Business, Netflix

☆ CNBC Daily Open: Disney wins proxy showdown
▼ + stars: | 2024-04-04 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nick Caldwell, now chief product officer at Peloton, is claiming Musk and X "cheated" him and other executives out of a combined $200,000,000 in severance benefits. This lawsuit is similar to the one filed by other Twitter executives, including ex-CEO Parag Agrawal, claiming they were owed $128 million in unpaid severance. [PRO] Autos winnersA Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors.

Persons: Robert Iger, Mickey Mouse, Jerome Powell, Steve Cohen, David Einhorn, Elon Musk, Nick Caldwell, Parag Agrawal, Tesla Organizations: Walt Disney Company, New, Children's Hospital, Children's Hospital Los Angeles, CNBC, Dow Jones, Intel, Nasdaq, Fed, U.S, Elon, Twitter Locations: Children's Hospital Los, Los Angeles , California

☆ Elon Musk and X sued by ex-Twitter GM Nick Caldwell over millions in unpaid severance
▼ + stars: | 2024-04-03 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

Former Twitter exec Nick Caldwell is suing Elon Musk and X, alleging a breach of contract and a failure to pay severance and benefits he was owed after resigning from the company in 2022. Caldwell's suit is similar to one filed by former Twitter executives, including ex-CEO Parag Agrawal, who claim they are owed $128 million in unpaid severance. "With no factual basis, Musk simply accused Mr. Caldwell of misconduct as a ploy to evade paying him millions of dollars in severance benefits that Musk/Twitter owed to Mr. Caldwell," his attorneys wrote. A few days before his resignation from Twitter, Caldwell shared a post on social media saying, "My wife and soulmate Tia Caldwell passed away suddenly the 15th of October. Read the full complaint — Nicholas Caldwell v. Elon Musk, X Corp. et al (Case 3:24-cv-02022) — below.

Persons: Nick Caldwell, Elon Musk, Caldwell, Parag Agrawal, Musk, Twitter, Brian Bjelde, Lindsay Chapman, Dhruv Batura, didn't, soulmate Tia Caldwell, Read, Nicholas Caldwell Organizations: Twitter, SpaceX, Tesla, CNBC, X Corp Locations: California

☆ Amazon cuts hundreds of jobs in cloud computing unit
▼ + stars: | 2024-04-03 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Attendees walk through an expo hall during Amazon Web Services' Reinvent conference at the Venetian in Las Vegas on Nov. 29, 2022. Amazon 's cloud computing division is laying off hundreds of employees in its physical stores technology and sales and marketing units, the company confirmed Wednesday. Amazon's lucrative AWS unit has seen its sales growth decelerate in recent quarters as companies trimmed their cloud spend amid rising interest rates. The cuts to AWS' store technology team come after Amazon said it would remove cashierless checkout systems in its U.S. Fresh stores. The store technology team was moved out of Amazon's retail group and folded into its cloud computing division in 2022.

Persons: We've, we're, GeekWire Organizations: Web Services, Amazon, MGM Studios, Employees Locations: Las Vegas, U.S

☆ Why streamers are shrinking their content libraries
▼ + stars: | 2024-04-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Last year many streaming services began shrinking their once-robust content libraries in order to pay smaller licensing fees. In the face of profit pressures and growing competition for viewers, streamers have taken to removing content to avoid the residual payments and licensing fees. On one side is Netflix , Amazon and Apple — companies that agnostically license content from other studios to bolster their streaming libraries. Disney-owned Hulu, meanwhile, has seen success with "feel good" 30-minute sitcoms and prestige dramas, Fandom's data shows. Disclosure: Peacock is the streaming service of NBCUniversal, the parent company of CNBC.

Persons: Stephanie Fried, Fried, Hey Arnold, Bell, Severance, Jacob, Jack Ryan, Bel, Universal's, Max, Peacock Organizations: NBC, Netflix, Apple, Universal, Warner Bros . Discovery, Paramount, Hollywood, Nickelodeon, Warner Bros, Disney, Amazon Prime, Hulu, HBO, CNBC Locations: auctioning, Kingstown, NBCUniversal

Donald J. Trump watched anxiously from the White House in April 2018 as news broke about federal agents searching the home of Michael D. Cohen, the man entrusted to conceal some of the president’s deepest secrets. After initially coming to Mr. Cohen’s defense, Mr. Trump washed his hands of his fixer within weeks, brushing aside Mr. Cohen’s feelers about a pardon and disavowing his legal bills. Mr. Trump took a different tack when prosecutors shifted their scrutiny to Allen H. Weisselberg, the Trump family’s longtime financial gatekeeper. Mr. Trump’s company paid Mr. Weisselberg’s legal bills and awarded him a $2 million severance, with a condition: He could not voluntarily cooperate with any law enforcement agency. But prosecutors say Mr. Weisselberg lied during his testimony, and this month he pleaded guilty to perjury.

Persons: Donald J, Trump, Michael D, Cohen, Cohen’s, Allen H, Weisselberg, Mr Organizations: White House, Trump Locations: Manhattan, U.S

☆ An $88 billion auto giant laid off 400 workers remotely in a move likened to ending a marriage by video call
▼ + stars: | 2024-03-29 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +5 min

The move by Stellantis, worth $88 billion, has sparked fresh discussions on the etiquette around how to execute layoffs. AdvertisementExperts say that virtual and remote-style layoffs aren't the best solution — it shows a lack of empathy and consideration for the workers affected and might push remaining workers to leave. AdvertisementWhen employees feel the "psychological contract" between themselves and their employers is "violated," they may resort to extreme reactions, Jones said. This could also hurt the morale of remaining employees and increase attrition, according to Boodoo. "Research suggests that following a layoff, there's an increase in voluntary turnover among remaining employees.

Persons: —, Elon Musk, they'd, Ben Hardy, Amanda Jones, it's, Jones, Muhammad Umar Boodoo, weren't Organizations: Service, Dodge, Wall Street Journal, CNBC, Business, Google, Twitter, Employers, London Business School, King's College London, Warwick Business School, Employees

☆ Wall Street Journal staffers staged a work stoppage as tensions mount over disciplinary meetings: 'It feels like a big game of gaslighting'
▼ + stars: | 2024-03-28 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

The effort came at a nervous time for the Journal newsroom. It's still reeling from February, when the paper sharply cut its DC newsroom, its second-biggest bureau after New York. Tucker wrote at the time that the DC bureau changes were enacted to put the company in the position to serve readers better and stand out from the competition. The union has filed grievances over the DC bureau layoffs and is considering filing grievances over the meetings, Martell said. But the mood among some has turned as Tucker has enacted layoffs in a newsroom that's largely been spared staff cuts.

Persons: —, Emma Tucker's, It's, IAPE, Tucker, Dion Nissenbaum, Nissenbaum, Evan Gershkovich, who's, There's, Tim Martell, they've, they're, Martell, They're, Rupert Murdoch, We've Organizations: Service, Wall Street, News Corp, New, Business, Journal, DC, Street Journal, The Sunday Times, — News Corp Locations: New York, Beirut, London, Washington

☆ Boeing’s embattled CEO is poised to walk away with millions
▼ + stars: | 2024-03-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

Exactly how much Calhoun will receive isn’t clear yet, as it depends on how Boeing’s stock performs. According to Boeing’s most recent proxy statement, Calhoun is set to walk away with about $15 million worth of stock, cash and options in retirement. One estimate, according to Fortune, suggests Calhoun could walk away with $24 million, with the potential to collect $45.5 million more if Boeing’s stock goes up 37%. And while Muilenburg was denied severance pay, he still walked away with $80 million worth of stock and other assets. Even as the board heaped praise on Calhoun, Boeing’s own customers started sounding off about their frustrations with the leadership.

Persons: CNN Business ’, Dave Calhoun, he’ll, There’s, Calhoun, Dennis Muilenburg, Muilenburg, “, CNN’s Chris Isidore Organizations: CNN Business, New York CNN, Boeing, Ryanair, Avalon Locations: New York, America, Calhoun, Washington, South Carolina, Seattle

☆ Boeing CEO Dave Calhoun could still receive millions of dollars after leaving amid safety concerns
▼ + stars: | 2024-03-26 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Boeing CEO Dave Calhoun has resigned and is set to leave at the end of the year. He's not the first leader of the company to leave amid recent safety concerns — and he's likely to do so with a big payout. "I've entered my fifth year," Calhoun told CNBC, referring to his time at Boeing. AdvertisementHow much Calhoun will get after his exit from Boeing will depend on how the aircraft maker's stock price moves. A Boeing spokesperson told Business Insider the company will outline details of Calhoun's compensation in company filings over the "coming weeks."

Persons: Dave Calhoun, Calhoun, Dennis Muilenburg, —, He's, I've, Ben Silverman, Fortune, Max Organizations: Service, Boeing, CNBC, Alaska Airlines, Federal Aviation Administration, Department of Justice, National Transportation Safety Board

☆ TikTok employees fret over harsher reviews, PIPs, and smaller bonuses
▼ + stars: | 2024-03-26 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewIt's annual review season at TikTok, and the company is putting the squeeze on some employees by doling out harsher performance ratings. AdvertisementTikTok's stricter reviews arrive at a moment when employees are already facing a reduction in their annual bonuses due to a scheduling change. This one-time adjustment means staff will receive around 83% of their annual bonuses for 2023 work, prorated to 10 months instead of 12 months. The company did opt to pump up annual bonuses for high performers after it reported strong Q4 earnings. For example, last year, Reddit began letting go of employees across departments who had received high ratings in their most recent performance reviews.

Persons: —, TikTok, prorated, Reddit Organizations: Service, Business, Street, Facebook, Meta Locations: TikTok

☆ TikTok is shaking up how it does annual performance reviews, and it's making some employees anxious
▼ + stars: | 2024-03-26 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Read previewIt's annual review season at TikTok, and the company is putting the squeeze on some employees by doling out harsher performance ratings. AdvertisementTikTok's stricter reviews arrive at a moment when employees are already facing a reduction in their annual bonuses due to a scheduling change. This one-time adjustment means staff will receive around 83% of their annual bonuses for 2023 work, prorated to 10 months instead of 12 months. TikTok isn't the only tech company to adjust its performance reviews in recent months. For example, last year, Reddit began letting go of employees across departments who had received high ratings in their most recent performance reviews.

Persons: —, TikTok, prorated, Reddit Organizations: Service, Business, Street, Facebook, Meta Locations: TikTok

☆ The ex-CEO of former Sports Illustrated publisher Arena Group is suing his old firm for $20 million, claiming he was fired for trying to stop it from breaking the law
▼ + stars: | 2024-03-25 | by ( Jack Newsham | ) www.businessinsider.com time to read: +3 min

Ross Levinsohn ran the Arena Group, which published Sports Illustrated, and was fired by its new owner. Related storiesThe Arena Group, which until recently published SI and still owns brands like Men's Journal and Parade, was on the path to profitability, Levinsohn claimed. (Arena Group faced harsh criticism over its use of AI-generated content under Levinsohn's leadership.) AdvertisementA spokesman for Bhargava and the Arena Group, Steve Janisse, said he couldn't immediately comment. BI's previous coverage of Bhargava and Arena Group was based on interviews and documents.

Persons: Ross Levinsohn, Manoj Bhargava's, Levinsohn, hasn't, —, Manoj Bhargava, Bhargava, Cavitt Randall, Steve Janisse, couldn't, Randall, Chris Fowler Organizations: Group, Service, Arena Group, Sports, Energy, SI, Sports Illustrated, Men's

☆ I moved from Minnesota to California for a dream job and got laid off 4 months later
▼ + stars: | 2024-03-24 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

At the time, I'd been working as an office assistant at Activision in Minnesota, but the Blizzard job was based in California. Dream jobBefore landing the Blizzard job, I was eyeing a range of roles in the gaming industry and networking. When I finally got through the lengthy interview process for the Blizzard job, I originally missed out. I'm happy I moved to California — but I wouldn't relocate for a job againDespite everything, I'm happy I moved to California. AdvertisementEven if I were offered another gaming job, I wouldn't relocate for a role again — I'm too worried about getting burned twice.

Persons: —, Cole McElwain, I'd, couldn't, I'm, — I'm Organizations: Service, Blizzard, Activision, Business, Microsoft Locations: Minnesota, California

The SpaceX logo is shown on a Falcon 9 rocket as it is prepared for launch to carry NASA's SpaceX Crew-8 astronauts Matthew Dominick, Michael Barratt, and Jeanette Epps, and Roscosmos cosmonaut Alexander Grebenkin to the International Space Station at the Kennedy Space Center, in Cape Canaveral, Florida, U.S., March 2, 2024. The National Labor Relations Board accused SpaceX in a new complaint of entering into unlawful severance agreements with terminated employees nationwide. The unfair labor practices complaint comes two months after SpaceX filed a federal lawsuit challenging the legality of the NLRB's oversight authority, and after the federal agency in a separate complaint accused the company of illegally firing eight workers who had criticized its CEO Elon Musk in an open letter. The new NLRB complaint claims that SpaceX included unlawful confidentiality and non-disparagement clauses in severance agreements and that it unlawfully limited the terminated workers' ability to participate in other claims against the company. It also alleges that the rocket maker and satellite internet company maintained an unlawful rule that required workers — as a condition of their employment — to sign an agreement for arbitration and dispute resolution, and to waive their right to receive money in class-action lawsuits against the company.

Persons: Matthew Dominick, Michael Barratt, Jeanette Epps, Alexander Grebenkin, SpaceX, Elon Musk Organizations: SpaceX, International, Kennedy Space Center, National Labor Relations Board, Company Locations: Cape Canaveral , Florida, U.S

☆ Official Amazon HR document reveals a spike in employees put on PIPs during a time of record layoffs
▼ + stars: | 2024-03-20 | by ( Eugene Kim | ) www.businessinsider.com time to read: +10 min

Layoffs vs. terminationsThe spike in PIPs coincided with 27,000 layoffs that Amazon announced between November 2022 and March 2023. "Managers, however, do not engage in performance management work eagerly. "To suggest we use our performance management process to drive any other outcome, such as reducing our employee base, is wrong," Callahan added in a statement. PIPs and quiet firingSome Amazon employees previously told BI that the company had put more people on PIPs as part of what they perceived as the quiet-firing push. Amazon had roughly 400,000 total corporate employees in that period, according to another internal document obtained by BI.

Persons: They're, aren't, Margaret Callahan, Callahan, Erik Gordon, David Ryder, cumulatively, Peter Cappelli, Cappelli, Amazon's, couldn't, Eugene Kim, Peter Capelli Organizations: Amazon, Business, Experience, Technology, BI, University of Michigan, Pivot Employees, University of Pennsylvania, Wharton's Center, Human Resources

☆ Here's our fourth-quarter earnings report card for 31 stocks in the portfolio
▼ + stars: | 2024-03-19 | by ( Zev Fima | ) www.cnbc.com time to read: +14 min

Please note, that Abbott Laboratories is not listed below as we did not own the name before the company's earnings release. Meta Platforms had one of the best earnings reports of the entire season, as sales, earnings, and cash flow trounced expectations. Despite missing earnings expectations, Coterra Energy delivered where it matters most: discretionary and free cash flow. Honeywell 's earnings results weren't great, with sales missing across the board and segment profit results coming up mixed. Given the stock's reaction, one might wonder why we don't think the earnings results from Palo Alto Networks were flat-out ugly.

Persons: we've, Eaton, Eli Lilly, Mounjaro, Bausch, Estee Lauder, Fabrizio Freda's, Linde, shouldn't, Morgan Stanley, Procter & Gamble, Stanley Black, Decker, We're, Wells Fargo, Nikesh Arora, Palo, they've, Locker, Jim Cramer's, Jim Cramer, Jim, Satya Nadella, Nadella, SeongJoon Cho Organizations: Abbott Laboratories, Wall, GE Healthcare, Meta, Microsoft, Investors, Nvidia, Wynn Resorts, Pharmaceuticals, Broadcom, Coterra Energy, Disney, Federal Deposit Insurance Corporation, Procter &, TJX, Google Services, Constellation Brands, Costco Wholesale, Costco, DuPont, Honeywell, Palo Alto Networks, Palo Alto, Management, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Ford, China, Macao, Las Vegas, Boston, Wells Fargo underdelivered, Seoul

☆ How the billionaire creator of 5-Hour Energy's erratic takeover led to a fumble of Sports Illustrated
▼ + stars: | 2024-03-17 | by ( Jack Newsham | Jake Swearingen | ) www.businessinsider.com time to read: +12 min

A week earlier, he had become a large minority shareholder at The Arena Group, but had no official title. The company Bhargava claimed to be taking over was so poorly run that he questioned the intelligence of those in the meeting. He also said Bhargava was talking about his charitable endeavors in order to underscore his priorities to Arena Group employees. Media, Bhargava said in the meeting, was "biased." Days later, Bhargava sacked Arena Group CEO Ross Levinsohn, too, causing Levinsohn to angrily resign from the board.

Persons: —, Manoj Bhargava, Bhargava, Zoom, I'm, Steve Janisse, Vince Bodiford, Bodiford, Ross Levinsohn, Levinsohn, Rob Barrett, doesn't, ABG, Jamie Salter, Forbes, Janisse, Nielsen, Arena's, Riley, toh, Manoj, there's Organizations: Service, Arena Group, Energy, The, Business, Sports, Media, Arena, Authentic Brands, Washington Post, Princeton, IRS, United, United States Tax, Bridge Media, Sports Illustrated, Hans Foundation, International, Group, toh e New York Times, New York, Players ' Tribune, Office, BI Locations: NewsNet, India, United States, Michigan, toh e

☆ Dell workers can stay remote — but they're not going to get promoted
▼ + stars: | 2024-03-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

AdvertisementUnder the new policy, staff were told that from May almost all will be classified as either "hybrid," or "remote." Dell told BI in a statement that "in-person connections paired with a flexible approach are critical to drive innovation and value differentiation." The Dell worker lives about a 45-minute drive from the nearest office and works 10-hour shifts four days a week. AdvertisementAnother Dell worker told BI: "I would support that if I actually had team members that were local and would actually go on-site. Period," the senior Dell worker agreed.

Persons: —, Dell, Dell who's, Michael Dell's, CRN, Michael Dell, Cary Cooper, Cooper, There's, Brandon Bell, there's Organizations: Service, Dell, BI, Dell . Dell Technologies, Dell Technologies, National Forum for Health, Getty, Employees, Workers, SEC Locations: Round Rock, United States, Dell, Germany

☆ Steve Mnuchin breaks out the checkbook
▼ + stars: | 2024-03-15 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

Mnuchin rebornNine months after President Joe Biden was inaugurated and Mnuchin left the Treasury Building, Mnuchin formed a new private equity group, Liberty Strategic Capital. Steven Mnuchin's private equity firm made a $450 million investment in New York Community Bank last week. When Mnuchin left CIT less than two years later, he received a $10.9 million severance package. “It’s a great business and I’m going to put together a group to buy TikTok,” Mnuchin told visibly stunned anchors on CNBC Thursday morning. Mnuchin may be the founder and managing partner of Liberty Strategic Capital, but Saudi Arabia is reportedly covering a big chunk of his firm’s tab.

Persons: Donald Trump’s, Steven Mnuchin, Mnuchin, Joe Biden, Jackie ”, Trump, Goldman Sachs, ”, Liberty, Steven Mnuchin's, Spencer Platt, “ It’s, ” Mnuchin, “ You’re, ” Andrew Ross Sorkin, ” interjected, TikTok, “, he’s, Will Lanzoni, Crown Prince Mohammed bin Salman Organizations: New, New York CNN, Treasury, Liberty Strategic Capital, Lionsgate, New York Community Bank, Getty, Federal Deposit Insurance Corporation, CIT Group, CIT, CNBC, CNN, Senate, Liberty Strategic, Crown, New York Times, Saudi Public Investment Fund, Meta, ByteDance . Liberty Strategic Locations: New York, cybersecurity, New, California, China, Montana, Saudi Arabia, Saudi, ByteDance

WASHINGTON (AP) — If some U.S. lawmakers have their way, the United States and China could end up with something in common: TikTok might not be available in either country. But while U.S. lawmakers associate TikTok with China, the company, headquartered outside China, has strategically kept its distance from its homeland. Since its inception, the TikTok platform has been intended for non-Chinese markets and is unavailable in mainland China. Some have insisted they be called “global companies” instead of “Chinese companies.”But for TikTok, this may not be enough. “America’s foremost adversary has no business controlling a dominant media platform in the United States.

Persons: TikTok, Joe Biden, Zhiqun Zhu, ” Zhu, Alex Capri, Hinrich, ” Capri, Capri, Zhang Yiming, Mike Gallagher, ”, Gallagher, “, Sen, Tom Cotton, Shou Zi Chew, beholden, Chew, Nancy Pelosi, ” Chew, Thomas Zhang, Zhang, It's, Donald Trump, Trump Organizations: WASHINGTON, Bucknell University, “, National University of Singapore, Hinrich Foundation, Chinese Communist Party, CCP, Communist, Wired, Republicans Locations: United States, China, Beijing, Hong Kong, U.S, Washington, there's, Chinese, Chew

Outdoor Voices, an athletic apparel company, is closing all its stores on Sunday, according to four employees at four different stores who were granted anonymity because they were not authorized to discuss the news. In an internal Slack message reviewed by The New York Times, some employees were notified on Wednesday that “Outdoor Voices is embarking on a new chapter as we transition to an exclusively online business.” Products in stores are going to be discounted 50 percent, according to the Slack message. The news came as a surprise, two of the employees said, adding that they were not offered severance. Outdoor Voices, which lists 16 retail locations on its website, did not immediately respond to a request for comment.

Organizations: The New York Times, ”

Search resuls for: "Severance"

25 mentions found