economy
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Leaked Document Shows How Amazon Ended Up Over-Listing Thousands of Jobs
After Amazon announced another round of layoffs affecting 9,000 employees earlier this week, a leaked document from inside the company revealed that listing too many job openings and subsequently over-hiring in some departments may have been a part of the problem.
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Silicon Valley Bank’s New CEO to Clients: ‘We Are Conducting Business as Usual’
In the wake of the second largest bank failure in U.S. history, the failure in question, Silicon Valley Bank, has some comforting words amongst the turmoil. Clients of the bank received an email last night from SVB’s new CEO Tim Mayopoulos stating that everything is fine.
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Prosperity Gospel: Adobe Opens a New Office Tower and Promises No Layoffs
Adobe has promised there will be no more layoffs in 2023 as the company opens its fourth office, based in San Jose, California. Standing at 18 stories and 1.25 million square feet, Adobe’s new office tower has the capacity to hold 3,000 employees, all of whom will be given a hybrid or remote working option,…
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Biden’s First Veto Will Be Over ‘Woke Capitalism’
President Joe Biden is expected to issue the first veto of his term to defend the right for retirement plan managers to direct client investments based on environmental and social considerations. The anticipated action follows the advancement of a Republican-backed resolution through the House and Senate this week aimed at targeting so-called “woke capitalism,” or…