There was nothing funny about the way Jeff Lawson left Twilio, the startup he cofounded in 2008 and built into a multibillion-dollar public company enabling businesses to communicate with customers via text messages and phone calls. Activist investors had been pushing for management changes and even a sell-off, and Lawson resigned from his CEO post … Read more
Democratic Sen. Ed Markey, D-Mass., on Thursday introduced new legislation to regulate the use of productivity quotas by warehouse employers like Amazon, a tool critics have said encourages employees to work faster and without frequent breaks, putting them at higher risk of injury. The bill, called the Warehouse Worker Protection Act, is the first attempt … Read more
Photo: Mark Ralston / AFP (Getty Images) There’s rarely ever data to back up the preconceived notions we all hold about how cars look, like how we’ve all been led to believe that police pull over red cars more often than others. However, the data paints an interesting picture when it does exist. Research shows … Read more
Image: BMW Motorrad BMW calls the 15-horsepower 48 volt electric motor in the new CE 02 electric scooter an “externally excited air-cooled synchronous motor.” That’s a really fancy way of saying that the Motorrad division of the company raided the automobile side of the company’s parts bin for a current 3-series alternator and repurposed it … Read more
Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy violated federal labor law in comments he made to media outlets about unionization efforts at the company, a National Labor Relations Board judge ruled Wednesday. NLRB Administrative Law Judge Brian … Read more
Omar Marques | Lightrocket | Getty Images UnitedHealth Group CEO Andrew Witty on Wednesday told lawmakers that data from an estimated one-third of Americans could have been compromised in the cyberattack on its subsidiary Change Healthcare, and that the company paid a $22 million ransom to hackers. Witty testified in front of the Subcommittee on … Read more
Sundar Pichai, chief executive officer of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, US, on Wednesday, April 3, 2024. Justin Sullivan | Getty Images Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization … Read more
In a Wednesday hearing in front of the U.S. Senate Committee on Finance, UnitedHealth Group CEO Andrew Witty confirmed for the first time that the company paid a $22 million ransom to hackers who breached the systems of its subsidiary Change Healthcare. Change Healthcare provides payment, revenue management and other solutions like e-prescription software. The … Read more
Sopa Images | Lightrocket | Getty Images Shares of Pinterest popped 18% in extended trading Tuesday after the company reported first-quarter results that beat analysts’ estimates and showed its fastest revenue growth since 2021. Here’s how the company did, compared to LSEG analyst expectations: Earnings per share: 20 cents adjusted vs. 13 cents expected Revenue: … Read more
An Amazon contract worker stacks packages onto a luggage cart outside an apartment building in New York, US, on Tuesday, April 16, 2024. Angus Mordant | Bloomberg | Getty Images Amazon reported 24% growth in its advertising unit on Tuesday, the latest sign that the digital ad market is continuing its rebound. Ad revenue climbed … Read more
