Readers, we made it to Friday! It's Paayal Zaveri, and I have another busy day today.
It's obvious: Tech is the source of the biggest news.
A New York grand jury indicted former President Donald Trump yesterday. This concludes a nearly five year-long investigation by the Manhattan district attorneys' office into Trump's finances. Insider offers live updates that you can access.
Despite this, tech news is full of interesting developments, including Salesforce layoffs and a new perk for Meta employees.
Let's start with our top stories.
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1. Salesforce is laying off more employees. Ashley Stewart, Ashley Stewart's colleague, reports that Salesforce CEO Marc Benioff responded personally to employees complaining on Slack.
- The latest round of reductions affected a sales team that sold Signature support, which is the highest-tiered level of support, and Salesforce.org, which sells services to educational institutions and non-profits.
- Employees are especially frustrated at the way the company communicates its progress regarding the layoffs. Employees are frustrated by the way the company communicates its progress on the layoffs.
- Salesforce was able to save money and avoid a proxy fight for its board. Activist investors had urged Salesforce to be more efficient. Elliott Management, one of the investors, announced earlier this week that they would no longer challenge the board.
Find out why Salesforce employees are unhappy with the way that Salesforce handles layoffs.
In other news:
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2. The messy relationship between Sam Altman and Elon Musk. OpenAI was founded by Elon Musk, who is also the founder of viral hit ChatGPT. The two executives have been at odds since their fallout with Altman, its CEO. Here is a brief history of their rivalry.
3. No one can make smart goggles if Apple cannot. Apple will reportedly release mixed-reality smart glasses later in the year, as you may recall. The company's executives are divided on whether it is a good idea. My colleague Asia Martin reports that Apple is the only company capable of making smart goggles a reality.
4. TikTok's sister application, Lemon8, is now available. Bytedance, the parent company of TikTok, has launched a new app called Lemon8. It is expanding its creator partnerships team in America.
5. Apple launches Buy Now, Pay Later. Apple is taking advantage of the increasing popularity of services that allow you to buy now and pay later. Apple Pay Later was recently launched by the company. Here's how it works.
6. Meta's latest perk at work: A DJ. Meta has been encouraging people back to its Silicon Valley headquarters for the past few months. The latest perk it offers to encourage office attendance is a DJ who plays music in its cafes. Find out the latest information about Meta's employee perks.
7. Virgin Orbit will cease operations. Richard Branson founded the satellite company and is expected to lay off 85% of his staff. After the company failed to obtain much-needed financing, this is what happened. This is what happened.
8. Lessons from the "Instagram university" Meta hosted a virtual "Instagram university" event recently for creators. The event taught about the algorithm of Instagram and how to use it best. Sydney Bradley, my colleague, attended. Here are her top five takeaways.
Odds and ends:
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9. A rare PS5 deal. It's been highly sought-after since the PS5 was released more than two years ago. It's now easier to find it and you can get a great bundle discount if it comes with the blockbuster "God of War Ragnarok."
10. Gen Z loves dumb phones. So-called dumb phones are becoming popular among Gen Zers who want to reduce screen time. These are the phones that don't have screens or internet access. Here's how it works for them.
The latest people moves in tech:
- Ex-Googlers are moving their skills to other places. Google was the main developer of much of today's generative AI boom. Ex-employees now have millions of dollars to start their own companies.
- Resignation of a top Google researcher. After warning executives that Google's AI chatbot Bard had been trained by ChatGPT, he resigned earlier in the year.
- Microsoft saw more layoffs this week. It was also one of the top tech companies that had the highest salaries before this week. Before recent layoffs, here's what analysts, engineers and other workers did.
Curated by Paayal Zaveri in San Francisco. (Feedback or tips? Email
pzaveri@insider.com
or tweet
@paayalzaveri
)
Edited by Matt Weinberger (tweet
@gamoid
) in San Francisco and Hallam Bullock (tweet
@hallam_bullock
) in London.
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By: pzaveri@insider.com (Paayal Zaveri)
Title: Salesforce employees are not happy
Sourced From: www.businessinsider.com/salesforce-layoffs-meta-office-perks-apple-smart-goggles-lemon8-ai-2023-3
Published Date: Fri, 31 Mar 2023 10:35:00 +0000
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