Goldman Sachs set to fire more than 1,300 employees: report
David Solomon is sharpening his axe again. The Wall Street Journal reported Friday that Goldman Sachs' CEO will cut more than 1,300 jobs as part of the bank's ongoing review to shed underperforming employees. The Wall Street Journal added, citing people familiar with the matter, that Goldman's cuts would affect 3% to 4% of the […]
Custodia Bank laying off employees as Biden admin’s crypto crackdown weighs on digital asset industry
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. The Biden administration's tightening of regulations on cryptocurrencies has led to major restructuring at some of the smaller but better-known crypto banks. Custody Bank, a Wyoming-based financial institution that provides banking services to cryptocurrency companies, notified employees on Thursday […]
Google, Meta employees envy Nvidia workers’ fat paychecks
Nvidia's employees are becoming millionaires while enduring grueling seven-day office shifts, making employees at rival companies like Google and Meta jealous. An employee at Nvidia, the AI chip maker whose stock price has soared this year and made it one of the world's most valuable companies, used Blind, an app that allows tech workers to […]
Nvidia CEO Jensen Huang reluctant to fire employees
Nvidia CEO Jensen Huang has said he is reluctant to fire employees, preferring instead to “work them hard to make them great,” a strategy he claims has made the company one of the world's most valuable companies. Hwang said his employees work seven days a week, sometimes until 2 a.m., but don't work overtime because […]
Boeing Starliner’s Future in Doubt, Employees Demoralized After SpaceX Chosen to Rescue Astronauts
In a major blow to Boeing’s space ambitions, NASA has decided to use SpaceX’s Crew Dragon spacecraft to return two astronauts from the International Space Station (ISS), abandoning original plans to use Boeing’s troubled Starliner spacecraft due to ongoing technical issues. Ars Technical Reports Ten years after NASA awarded Boeing a $4.2 billion contract to […]
Nvidia employees can work 7 days a week until 2 a.m. — but few leave because of AI chip giant’s lavish pay: report
Employees at AI chip maker Nvidia are expected to sit at their desks seven days a week, often until 2 a.m., but the company’s generous pay packages reportedly make them reluctant to leave. Ten people who have worked or still work at the company described a high-pressure environment where meetings often devolved into shouting matches, […]
Boeing employees ‘humiliated’ that SpaceX will save astronauts stuck in space
Boeing employees were “humiliated” by NASA’s announcement that Elon Musk’s rival startup SpaceX would have to rescue two astronauts stranded on the International Space Station by the troubled Starliner space capsule, one employee told The Washington Post. Butch Wilmore and Suni Williams, who headed to the ISS for an eight-day mission in June, will have […]
"Crossed Line": Canada Bank On Why It Fired Employees Over Intimate Relationship – NDTV
Nadine Ang is suing Royal Bank of Canada for wrongful termination. The Royal Bank of Canada said an employee it fired for having an intimate relationship with its former chief financial officer was focused on using the alleged relationship to advance herself within the company. The bank on Friday filed an answer and counterclaim against […]
Washington DC 911 call center offers $800 bonuses to entice employees to show up to work
A Washington, DC, 911 call center is reportedly offering $800 bonuses to employees who show up to all scheduled shifts after a series of staffing and systems issues. NBC4 Washington On Tuesday, Heather McGuffin, director of the Office of Unified Communications (OUC), reportedly sent an email to staff announcing the bonuses, noting that the offers […]
Bill Gates ‘terrified’ mega-charity employees, book claims
Employees at Bill Gates’ mega-charity organisation claim to have been intimidated by the billionaire’s domineering behaviour, with one even likening the tech mogul to French King Louis XIV, a new book claims. The billionaire Microsoft co-founder and creator of one of the world’s largest philanthropies, Gates is said to have dominated the Bill & Melinda […]