A publicly traded media venture with ties to MoviePass’ former chairman has been suspended from Nasdaq and its stock is in free fall
Embattled digital-media company Vinco Ventures has been suspended by Nasdaq after a board exodus. It became a meme stock in 2021 after teaming up with the ex-chairman of MoviePass and touting buzzy acquisitions. Some of those deals have since faced hurdles and the stock has plummeted. Vinco Ventures, the publicly traded media venture with ties…
Leaked email shows Jeff Bezos’ Blue Origin is tightening its return-to-office policy: ‘Blue is a work-from-work company
Blue Origin tells many employees to be in the office 5 days a week, internal email shows. Last year, Blue Origin told managers it would be flexible about employee work schedules. Some other tech companies have less strict return-to-office policies for now. Insider has learned that Blue Origin, the space company owned by Amazon founder…
Broadcom is planning drastic job cuts at VMware as its acquisition of the cloud company nears completion
Broadcom is planning drastic cuts of VMware’s nonengineering staff, sources told Insider. Broadcom is preparing to close a $61 billion acquisition of VMware. Employees have been expecting layoffs after the deal closes. According to two sources familiar with the situation, Broadcom intends to make significant job cuts at VMware, with a focus on non-engineering positions.…
Leaked audio details Shopify’s plans for AI-first customer support as workers fear they’ll be replaced by AI
Shopify executives laid out their plans for an AI-first Support org during a recent town hall. It plans to use AI at multiple points of the customer-support experience. Some employees expressed concern that their jobs may not be safe. Earlier this month, Shopify executives unveiled a road map for the company’s support division, putting AI…
Shopify has conducted quiet layoffs in recent weeks. Big AI plans have workers worried a larger cut is on the way.
Shopify workers are worried about another mass layoff. The company has been quietly laying off workers in recent weeks. Layoff rumors have largely centered on its Support division, which is being impacted by AI. Shopify employees are once again bracing for mass layoffs. Only three months after the Canadian e-commerce behemoth laid off 20% of…
The top products Amazon influencers sold during Prime Day, from teeth whitening strips to a ‘colster’ for hard seltzer cans
Amazon’s marketing strategy for Prime Day this year included leveraging social-media influencers. This Prime Day, Amazon influencers earned 21.6 times what they do on an average day. Here’s a breakdown of the top-selling products from Amazon’s influencer network during Prime Day. Amazon’s marketing strategy relies heavily on influencers, and Prime Day is no exception. The…
Amazon CEO Andy Jassy now has 16 direct reports. See the growing and evolving list here, including a newly promoted executive from Alexa.
Amazon CEO Andy Jassy recently expanded his group of direct reports. This group now includes an exec who is leading a team working on Amazon’s most ambitious AI models. Jassy has added at least 8 new executives to his direct reports since becoming CEO in 2021. Amazon recently established a new AI division that reports…
Leaked Microsoft polls show employees feel much worse about culture and leadership than at the beginning of the year
Microsoft workers feel worse about workplace culture and leader effectiveness, internal polls show. The company measures sentiment with “Daily Signals” polls, and some results show falling morale. Tensions have been high amid layoffs and paused pay raises. Angry workers recently roasted the CEO. Internal polls viewed by Insider show that Microsoft employees are significantly less satisfied with the company’s workplace…
Ongoing strikes could halt Hollywood’s momentum after the ‘Barbenheimer’ bump, but 4 industry insiders and analysts are still optimistic about the future of these 5 entertainment companies
Audiences flocked to movie theaters to see the buzzworthy Barbie and Oppenheimer. But the box office’s momentum is in jeopardy as both writers and actors guilds strike. Here’s which entertainment companies will outperform, according to analysts and industry insiders. The box office is back thanks to a historic weekend from a pair of mid-summer blockbusters, but Hollywood insiders…
