employee benefits Employee-Benefits Startups May Survive Downturn Despite Corporate Cost Cuts As companies look to slash costs in a shaky economy, employee-benefits startups worry their services will end up on the chopping block. However, experts note that a tight labor market forces employers to preserve these perks to avoid damaging worker morale.
robinhood Robinhood Cuts 23% of Staff as CEO Admits 2021 Over-Hiring Mistake Robinhood lays off over 700 employees, just months after an initial round of job cuts. CEO Vlad Tenev takes full responsibility for over-hiring during the 2021 market boom.
meta Meta CEO Zuckerberg Warns of Economic Downturn, Vows to Do More With Less Meta CEO Mark Zuckerberg announces that the company faces a broad economic downturn impacting digital advertising and plans to steadily reduce headcount growth over the next year.
fbi FBI Warns of Deepfake Applicants Faking Remote Tech Job Interviews Scammers use stolen identities and AI-generated videos to apply for remote tech jobs and gain access to sensitive corporate data.
tesla Tesla Reportedly Lays Off Recent Hires and Rescinds Job Offers Tesla is letting go of employees who started just weeks ago and withdrawing pending job offers. Newly affected workers dispute the company's claim that the cuts are based on performance reviews.
inflection ai Reid Hoffman's New AI Startup Inflection Hires Top Talent From Google and Meta Inflection AI, a new startup co-founded by Reid Hoffman and Mustafa Suleyman, successfully recruits key artificial intelligence experts away from tech giants Google and Meta. The company focuses on creating AI software that improves how humans interact with computers.
ftc Federal Trade Commission Warns AI Developers Against Algorithmic Bias The FTC issues a stern warning to the artificial intelligence industry, stating it will enforce action against companies that deploy or sell racially biased algorithms. The agency highlights that exaggerated claims about unbiased AI systems constitute deceptive practices.
amazon Amazon Projects $4 Billion in COVID Costs for Final Quarter Amazon expects to spend $4 billion on pandemic-related expenses in the fourth quarter as the company rapidly expands its workforce and operations. The tech giant reveals that COVID-19 uncertainties currently outweigh all other traditional holiday season business risks.
linkedin LinkedIn Launches Career Explorer Tool to Match Workers With Unexpected Jobs LinkedIn introduces a new Career Explorer tool that matches users' existing skills to alternative job paths they might not have considered. The feature aims to help millions of unemployed workers navigate a tough pandemic economy.
facebook Facebook Plans Shift to Half Remote Workforce by 2030 Facebook CEO Mark Zuckerberg announces plans to permanently allow remote work for many employees, aiming for half the company to work remotely within a decade. This gradual shift follows similar moves by Twitter and Shopify during the coronavirus pandemic.
amazon Amazon Overhauls Virtual Hiring to Add 175,000 Pandemic Workers Amazon rapidly transitions to virtual hiring and onboarding to staff up during the pandemic, but the massive expansion brings significant safety controversies and worker unrest.
facebook Facebook Plans Permanent Remote Work for Half Its Workforce Facebook CEO Mark Zuckerberg announces that up to half of the company's employees will work remotely within the next decade. The tech giant plans to aggressively hire remote workers to boost recruitment and diversity.
facebook Facebook Plans Shift to Half Remote Workforce Within a Decade Facebook CEO Mark Zuckerberg announces a major push toward remote work, predicting half of employees will work from home within ten years. The company plans to adjust salaries based on location while expanding hiring outside major tech hubs.
airbnb Airbnb Cuts Contractors and Cancels Summer Internships Amid Pandemic Airbnb ends contracts for contingent workers and delays undergraduate hiring as the COVID-19 crisis disrupts the tech industry. Affected interns now face a sudden, highly competitive search for replacement opportunities.
amazon Amazon Surpasses Hiring Goals With 175,000 New Workers Amid Pandemic Amazon successfully hires 175,000 workers for its fulfillment and delivery network to meet surging customer demand during the pandemic. The company invests billions in safety measures, hazard pay, and expanded leave policies.