![]() Workers of TCGPlayer, a trading card seller eBay bought for $295m in November, voted to unionize last week.ĭubai dropped its 30% alcohol tax to court more tourists and expats. The DOJ is suing Rite Aid, accusing the pharmacy chain of knowingly filling “unlawful” prescriptions for opioids and other controlled substances while ignoring red flags.ĮBay haș its first union. No cap: After ~40 years, spice giant McCormick is swapping its red twist cap for a “snap” cap that seals out air to retain freshness. What’s worse, 72% of hacked users were reusing previously compromised passwords. Yikes: Hackers leaked 721.5m passwords in 2022. Microsoft is making 3D avatars that animate based on your voice - no camera needed - widely available on Teams in May.Īgain, not a prank: Novo Nordisk announced plans to cut US list prices for several insulin drugs by up to 75%, following similar moves by Eli Lilly & Co.Ĭlap back: Google announced new AI tools (available later this year) for auto-generating text, formulas, images, audio, and video across its Workspace applications.Ĭhilling out? The consumer price index cooled slightly in February, up 6% YoY, the lowest rate since September 2021. Sure, this’ll definitely improve meetings. It’s already being used by Duolingo, Khan Academy, and Be My Eyes. Hot off the press: GPT-4, OpenAI’s smarter, more accurate AI model that can now “see” images. Now they have started to report a “ take it or leave it” approach in recruitment.Īs each successive round of cuts shifts leverage back to employers, C-suites will be tempted by Zuckerberg’s “year of efficiency” anthem. Yes, these layoffs are a correction from the industry’s outsized pandemic hiring spree, and Zuckerberg’s fixation on investing in the metaverse puts them on their own journey, but…Ĭompetition for talent once had tech candidates feasting on a bounty of salaries, benefits, and perks. As the company’s projected revenue per employee shot up, other Big Tech investors’ ears undoubtedly did the same - this makes for a trusty playbook when execs need to add some juice to the markets. The scariest part for workers: Wall Street’s exuberant reaction to Meta’s latest cuts. We haven’t even finished one quarter of 2023, or seen the full fallout of Silicon Valley Bank’s swan dive, yet the grim annual tracker at layoffs.fyi has now topped 138k. That’s a staggering 25% YoY workforce reduction.Īnd Zuck’s “ flatter is faster” claim feels like poetry written specifically for tech execs… The parent of Facebook, Instagram, and WhatsApp is set to cut 10k jobs and withdraw 5k open roles, just months after slashing 11k+ jobs. ![]() Meta CEO and corporate-speak bard Mark Zuckerberg’s “year of efficiency” will bring a second round of layoffs.
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