Wednesday, Jul 06, 2022
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Better.com CEO fires 900+ employees on a Zoom call
Vishal Garg, the CEO of Better.com, asked more than 900 employees to join him on a Zoom call then told them their jobs were being terminated immediately.
The call lasted less than three minutes and comes less than four weeks before Christmas.
A total of 9% of the company’s workforce was laid off, including the company’s entire diversity, equity and inclusion recruiting team.
According to Fortune Magazine, the CEO later accused the employees of “stealing” from their colleagues and customers by only working two hours a day.
The laid-off employees will get severance pay and benefits.
Last week, Better.com received $750 million in cash as part of a deal with Softbank, a multinational conglomerate.
Core Scientific sold $167M worth of Bitcoin holdings in June
United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin (BTC) in June to pay for servers, increase its data capacity and settle debts.
Women's own body dissatisfaction appears to influence their judgment of other women's body sizes
New research provides evidence that how women judge the transition from normal to overweight in other women’s bodies is related to perceptions of their own body size and their b...
Australia floods worsen as thousands more Sydney residents evacuate
About 50,000 residents in New South Wales, most in Sydney's western suburbs, have been told to either evacuate or warned they might receive evacuation orders, up from Monday's 3...
Hacker claims to have obtained data on 1 billion Chinese citizens
Personal information allegedly taken from Shanghai police database would be one of biggest data breaches in history.
Amazon to swap vans with e-cargo bikes and on-foot delivery staff
Your Amazon parcels could soon come with a lower carbon footprint.
Australian police train pups to sniff out electronics and fight crime
In Australia, man’s best friend can also be man’s best ally in the fight against crime. These top dogs are undergoing training to sniff out electronic devices that help law enfo...
British EV startup Tevva launches hydrogen booster truck model
British commercial electric vehicle (EV) startup Tevva on Thursday launched its first truck with a hydrogen fuel cell booster which should drive up to 310 miles (499 km) and pro...
British Army's Twitter and YouTube accounts restored after hack
The British Army regained control of its Twitter and YouTube accounts on Sunday after they were briefly hacked and used to post about cryptocurrencies and non-fungible tokens.
EU agrees on landmark rules to tame 'Wild West' crypto market
The rules aim to better protect consumers from wild swings in cryptocurrencies and require more transparency on the industry’s environmental impact.
Can you guess which cities are ranked most expensive for expats?
Looking for a cheaper city to live in as an expat? Head east - but forget about Hong Kong.
How Meta’s metaverse vision will change the future of communication
Creativity is all about connection and increasingly brands will communicate via evolving technologies as the metaverse takes shape, says Meta’s Angie Gifford.
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