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Ecommerce giant Shopee is bracing for financial trouble. NurPhoto / Contributor / Getty images On September 15, Shopee CEO Forrest Li told employees the company would be restricting expense policies. Layoff conversations began September 19, affecting a low-single-digit percentage of Shopee employees. Shopee parent Sea Limited raised $ 6 billion in 2021, but now faces […]
Shopee was founded in 2015 in seven markets across Southeast Asia and has since expanded operations into 13 markets total. NurPhoto / Contributor / Getty images A 1,000-word internal staff memo outlines Shopee's 12-18-month plan to achieve self-sufficiency. The company's executive team will temporarily forgo cash compensation, per the memo. Once the darling of the […]
Uber said it's investigating a cybersecurity incident. David Swanson/Reuters Uber said it is investigating a cybersecurity incident and is in touch with law enforcement. Uber employees received a Slack message from an unknown person saying "I am a hacker," per Bloomberg. Uber has taken Slack offline, according to Bloomberg and The New York Times. Uber […]
Amazon CEO Andy Jassy said most Amazon corporate employees are currently on a hybrid work schedule. Jerod Harris/Getty Images for Vox Media Amazon CEO Andy Jassy said the company isn't planning to force employees back to the office. He noted that most of Amazon's corporate workers are already on a hybrid scheme. Jassy said the […]
Activision Blizzard has begun laying off some of its 9,600 employees, mostly in non-development sectors, even as it reported a record net revenue of $ 7.50 billion in 2018, up from $ 7.02 billion in 2017. Activision expects to lose 8 percent of its staff, or nearly 800 employees. The company plans to restructure its […]
Facebook Facebook will start handing out employee bonuses if they help the firm achieve “social good.” Previously, employees’ contribution to company performance was scored on more measurable criteria, such as user growth. In Facebook’s fourth-quarter earnings call, Mark Zuckerberg laid more of an emphasis on fixing pressing social issues than in previous years. Facebook is […]
As the partial government shutdown wears on, Jimmy Kimmel is lending a hand to those who need it most. On Monday’s Jimmy Kimmel Live broadcast, the late-night host revealed that he will hire federal employees to work at his show “tonight and every night until the shutdown is over.” In the wake of the shutdown — […]
Outgoing US Secretary of Defense Jim Mattis used his last day on the job to take a dig at his soon-to-be-former boss, telling Pentagon employees to “hold fast” in tough times and quoting Abraham Lincoln for some extra motivation. Mattis had planned to leave the administration in February, giving the White House enough time to […]
Instagram/Jermaine Massey An Oregon hotel announced Saturday it fired two employees who called the police on a black guest, after spotting him in the lobby and demanding to know his room number. Jermaine Massey said that even though he showed the guard his hotel key, the guard told him to leave and a manager called […]
Business Insider/Danielle Muoio Every six months, Uber conducts an employee survey. Business Insider has seen the results of the latest survey for the 1,100-employee self-driving car unit released to employees earlier this week. Most employees praised the unit’s renewed focus on safety as the company puts its cars back on the public road for testing […]
