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Friday, mar 7
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Jeff Bezos
Lifestyle
Taylor Swift's Financial 'Strategic Genius' Examined In New Harvard Business Review Book
Taylor Swift created a huge economic impact with her record-breaking Eras Tour and a new book from Harvard Business Review will look at the pop star's financially savvy vision. "There’s Nothing Like This: The Strategic Genius of Taylor Swift" will be released on Tuesday, Apr. 8, the Harvard Business Review announced on Tuesday, Jan. 28. It was written by senior editor Kevin Evers, the author of several bestsellers, including books on digital disruption and marketing. The Eras Tour grossed more than $2 billion and generated a $10 billion economic impact on local economies, acc…
Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
Meta will cut thousands of employees in the latest move for the controversial company that owns platforms like Facebook and Instagram, according to reports. An internal memo sent to Meta workers said five percent of low-performing employees will be terminated, Bloomberg News reported. The company that also owns WhatsApp and Threads has more than 72,000 employees, according to Meta's most recent quarterly report. A five-percent reduction would mean about 3,600 people could lose their jobs. "I've decided to raise the bar on performance management and move out low-performers faster,…
Business
Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report
The Washington Post is bracing for significant layoffs this week, with dozens of employees in the business division expected to lose their jobs, according to a report. Layoffs are set to shake The Washington Post, targeting the business division of the Jeff Bezos-owned and Will Lewis-led newspaper, Oliver Darcy reported in his Status newsletter. Sources said the cuts will be substantial, potentially impacting dozens of employees. The news comes as morale continues to plummet at the newspaper, which has recently experienced a wave of high-profile departures. Star reporter Josh Dawsey is…
Business
Amazon Dismissed Warnings On High Rates Of Worker Injuries, Report Says
ityAmazon is under fire following a US Senate report accusing the company of prioritizing speed over worker safety. Released by the majority staff of the Senate Health, Education, Labor, and Pensions (HELP) Committee late Sunday night, Dec. 15, the report claims Amazon’s intense focus on productivity has led to unsafe working conditions. The Senate report outlines how Amazon’s warehouse workers face high rates of musculoskeletal disorders (MSDs) and other injuries caused by repetitive tasks and demanding quotas. It accuses Amazon of knowingly exposing employees to these risks, …
Business
Amazon Workers Go On Strike, Protest In 20 Nations, Including US
Amid the busiest shopping weekend of the holiday season, workers for Amazon, the world's largest online retailer, have gone on strike. Protesting under the banner of “Make Amazon Pay.” employees have walked off the job across six continents in 20 countries, including the United States. The strike is scheduled to last from Black Friday on Nov. 29 through Cyber Monday, Dec. 2, the UNI Global Union announced, saying protests will be held in majors cities in the US, United Kingdom, Germany, Japan, India, Brazil and elsewhere. The strike could cause customers' holiday deliveries …
Business
Amazon Workers At Massive NY Facility Become Company's First Unionized Warehouse
Workers at an Amazon warehouse in New York have made history in becoming the first in the company’s history to successfully form a union. In Staten Island, voters from the JFK8 fulfillment center easily voted to approve the measure, with the Amazon Labor Union winning 2,654 yes votes versus 2,131 no votes for the company. It represents the first group of Amazon employees to unionize in the company’s history - something Amazon has valiantly fought to avoid - though it may still look to overturn the result. Amazon has until Friday, April 8 to dispute the results of the vote. “(Amazon) wante…
News
Major NY Tech Company Founder Who Flew Flight With Shatner One Of Two Killed In NJ Plane Crash
A major New York tech company founder who blasted into space with actor William Shatner last month was aboard a small plane that crashed in New Jersey, killing him and a local flight instructor, authorities confirmed Friday, Nov 12. Glen M. De Vries, age 49, of New York City, and Thomas P. Fischer, age 54, of Hopatcong, New Jersey, were both aboard the single-engine Cessna 172 that crashed in a wooded area of a state park near Lake Kemah around 4 p.m. Thursday, Nov. 11, according to New Jersey State Police spokeswoman Brandi Slota and the FAA. The plane had been reported missing nearly an …
Business
Westchester Native Replaces Jeff Bezos As Head Of Amazon
A native New Yorker from the region has replaced Jeff Bezos as the CEO of Amazon. Hudson Valley native Andy Jassy, who grew up in Westchester County, has worked at Amazon since 1997, and he previously served as the company's CEO of web services, according to Business Insider. Earlier this year, Jeff Bezos announced he would be stepping down as CEO on Monday, July 5. Jassy grew up in Scarsdale and was a student at Scarsdale High School. The 53-year-old has been one of the highest-paid executives at Amazon, Business Insider reports. CNBC previously reported that Jassy native made more …
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