Companies across the tech industry have announced layoffs, affecting thousands of workers in the first few weeks of 2023. Sales at top tech firms have retreated from the blistering pace attained during the pandemic when billions across the world were forced into isolation. Customers stuck at home came to rely on delivery services like e-commerce […]
Category: Business
Congo kids are paid $2-a-day to dig for cobalt
For years, big tech companies like Apple and Tesla have assured the customers of their glossy stores and showrooms that all their goods are ethically sourced and sold. But a new series of images taken from inside mines in the Democratic Republic of Congo, where 90 percent of the world’s cobalt is mined and used […]
Say farewell to the last Boeing 747
Boeing’s 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see its more than five-decade reign as “Queen of the Skies” ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving freighter version on Tuesday, 53 years after the 747’s […]
To Tip or not to Tip, that is the question
Tipping is encountering its own form of inflation, with consumers commonly facing digital kiosks that ask for tips that start at 18% or 20% and can go as high as 30% — a far cry from the 15% that used to be traditional. And more types of employees are now asking for tips than in […]
‘No Whiskey’ Fireball customers suing for fraud
Consumers are suing Sazerac Company, Inc., the makers of Fireball whiskey, for fraud and misrepresentation, as the mini bottles of the alcoholic beverage don’t actually contain whiskey. The smaller bottles, named Fireball Cinnamon, are made from a blend of malt beverage and wine, while the whiskey-based products are called Fireball Cinnamon Whisky, according to the […]
Over 200,000 Big Tech layoffs in last year
Explosive growth has been the norm in the tech sector for the past decade. When the Covid-19 pandemic ravaged the world and moved more of daily life online, tech hiring blazed across Silicon Valley even more. Some major tech companies, like Amazon and Facebook parent company Meta, doubled the number of people they employed to […]
AT&T’s DirecTV Cancels NEWSMAX
At midnight Tuesday, AT&T’s DirecTV cut Newsmax’s signal, immediately shutting the network off from more than 13 million customers of the satellite service, DirecTV Stream, and U-Verse. This is the second time in the past year AT&T has moved to cancel a conservative channel, with DirecTV deplatforming OAN in April. Despite Newsmax being the 4th […]
Microsoft hosts private Sting concert in Davos hours before huge layoffs
On Wednesday morning Microsoft announced it was laying off 10,000 employees, about 5 percent of its total headcount, in response to lowered revenue and a “re-aligned core structure.” Hours earlier, dozens of Microsoft executives attended an exclusive, company-funded Sting concert outside of the World Economic Forum in Davos, Switzerland. The combination of the two events […]
Egg Prices up 60%! Why?
Shoppers across the nation have been scrambling for months to keep up with soaring egg prices. Prices continue to skyrocket – up 60% in December from a year earlier. Last year, the average price for a dozen large Grade A eggs in the U.S. was $1.93 in January. By December, when egg demand peaked, the […]
Should unchecked facial recognition be legal?
One evening in late November, New Jersey attorney Kelly Conlon was chaperoning her daughter’s Girl Scout troop to see a Rockettes show at Radio City Music Hall. Soon after arriving at the historic New York City venue, she was pulled aside by security and asked to confirm her identity. They told her their facial recognition […]
Google to layoff 12,000 ; 6% of workforce
Google parent Alphabet is eliminating about 12,000 jobs, or 6% of its workforce, the company said Friday, in the latest cuts to shake the technology sector. The cuts will affect roles across product areas and regions, CEO Sundar Pichai said in an email to employees that was posted on the company’s website Friday. Affected US […]
10,000 jobs cut at Microsoft as spending slows
Microsoft will cut 10,000 jobs in the latest round of staff redundancies to hit the tech industry. It will affect up to 5% of its global workforce and cost the business $1.2 billion in severance and reorganisation costs. Microsoft chief executive Satya Nadella said that while customer spending had grown during Covid, more people were […]