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Jeff Bezos

Business
Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports Meta To Cut 5% Of Lowest-Performing Workers, Zuckerberg Braces For 'Intense Year': Reports
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,…

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by Chris Spiker
Business
Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report Layoffs Loom At Washington Post Amid Talent Exodus, Financial Struggles: Report
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…

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by Chris Spiker
Business
Amazon Dismissed Warnings On High Rates Of Worker Injuries, Report Says Amazon Dismissed Warnings On High Rates Of Worker Injuries, Report Says
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, …

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by Joe Lombardi
Business
Amazon Workers Go On Strike, Protest In 20 Nations, Including US Amazon Workers Go On Strike, Protest In 20 Nations, Including US
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 …

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by Joe Lombardi
Lifestyle
2 With NY Ties Among Top 10 Riches2 With NY Ties Among Top 10 Richest People In US, Forbes Says 2 With NY Ties Among Top 10 Riches2 With NY Ties Among Top 10 Richest People In US, Forbes Says
2 With NY Ties Among Top 10 Riches2 With NY Ties Among Top 10 Richest People In US, Forbes Says Two billionaires with strong ties to New York are among the Top 10 richest people in America, according to brand-new rankings released by Forbes. Checking in at No. 3 is the founder of Meta Platforms/Facebook Mark Zuckerberg, age 40, a White Plains native who was raised in the neighboring village of Dobbs Ferry. He has a net worth of $181 billion, says Forbes. Former New York City Mayor Michael Bloomberg, age 82, the owner of Bloomberg LP, is ranked 10th. Bloomberg's net worth is $105 billion. Bloomberg maintains a resident in Northern Westchester, in the town of North Salem. Checking in a…

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by Joe Lombardi
Lifestyle
Brand-New Forbes Rankings Reveal Richest NY Residents Brand-New Forbes Rankings Reveal Richest NY Residents
Brand-New Forbes Rankings Reveal Richest NY Residents The richest people in America are revealed in a new Forbes 400 ranking, which includes over a dozen New Yorkers. To come up with its 41st annual list of the 400 wealthiest Americans, the outlet consulted with a variety of sources, including financial advisors, Securities and Exchange Commission documents, court filings, attorneys, and news articles. Researchers looked at assets held, including public and private companies, as well as personal property like car collections, yachts, planes, and jewelry. Debts and charitable giving were also factored in, Forbes said. The top 20 people on th…

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by Michael Mashburn