Tag

Company Culture

All articles tagged with #company culture

business2 months ago

Target's Major Layoffs Signal Broader Industry Shift

Target faced criticism for its handling of 1,000 layoffs at its Twin Cities corporate offices, which involved a secretive and stressful process for employees, including delayed communication and technical issues during virtual meetings. The layoffs are part of broader company changes, including cultural shifts and strategic restructuring, amid declining sales and profits.

business4 months ago

Opendoor Chairman Plans Major Workforce Cuts Amid Company Restructuring

Keith Rabois, returning as chairman of Opendoor, announced plans to drastically cut the company's workforce from 1,400 to around 200 employees, citing overstaffing and a need to realign with operational goals. He also criticized the company's remote work policies and diversity initiatives, vowing to shift focus back to merit and excellence. The company has recently seen a surge in stock price but faces internal restructuring amidst broader tech industry layoffs.

business4 months ago

Opendoor Plans Major Workforce Reduction Amid Restructuring

Opendoor's board chair Keith Rabois suggested the company could reduce its workforce by 85%, citing AI and technology as reasons, despite the company's recent 500% stock increase driven by retail investors and a new CEO appointment. Rabois criticized previous management's culture and diversity initiatives, indicating plans to overhaul the company's operations and culture.

technology4 months ago

John Carmack Criticizes Meta's Custom XR OS Development

John Carmack criticizes Meta's efforts to build a custom XR operating system, arguing that the complexity, resource waste, and strategic missteps make such projects impractical and unnecessary, especially given the dominance of existing solutions like Linux. The discussion also touches on workplace dynamics, innovation challenges, and the broader context of tech giants' R&D investments.

business5 months ago

AMD CEO Prioritizes Employee Well-being Over Big Salaries

AMD CEO Lisa Su emphasizes that attracting talent should focus on mission and impact rather than exorbitant salaries, contrasting with Silicon Valley's trend of offering $100 million packages, which she believes can undermine fairness and company culture. Other tech leaders like Dario Amodei of Anthropic also reject such pay strategies, prioritizing mission alignment and fairness over financial incentives to foster genuine innovation and loyalty.

business5 months ago

AT&T CEO Addresses Employee Concerns on 5-Day RTO Policy

AT&T CEO John Stankey addressed employee feedback and survey results, emphasizing the company's shift to a market-based culture with a five-day in-office mandate, and urging employees to align with this new direction or consider other opportunities. He highlighted ongoing investments in facilities, culture change, and employee wellbeing, while stressing the importance of teamwork and contribution in the company's transformation efforts.