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Meta Beginning Effort to Trim Managerial Ranks

Meta Platforms is beginning an effort to reduce the number of managers within the company, Bloomberg reported on Tuesday. In the coming weeks, high-ranking managers at the social media giant will reportedly ask lower-ranking managers to either accept demotions to individual contributor roles with no managerial oversight or depart the company. CEO Mark Zuckerberg hinted at the effort during...

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The Briefing crypto
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Jack Dorsey, head, chairman and cofounder of Block. Photo by Bloomberg.
Well, it’s been a minute since Jack Dorsey has been in the news. But lest you think that Elon Musk—and Congress’s favorite punching bag, TikTok—get all the fun, today short seller Hindenburg Research sent Block’s stock down 15% with a report saying the payments company, formerly known as Square, had been inflating its user metrics by serving criminals with shady “Wild West compliance.”You can...
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Sarah Nagy gives a demo of her startup, Seek.ai, at an AI event at the San Francisco Wine Society in January. Photography by Laura Morton
First Look startups ai
Boom Times in San Francisco’s AI Underground
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Cover art and portraits by Clark Miller
The Big Read
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Art by Clark Miller.
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Clockwise from top left: Julie Bornstein, Esther Crawford, Mark Hammond, Max Cutler, Kağan Sümer. Photos via Julie Bernstein, Robert Cowherd, Microsoft, Wikimedia and Kağan Sümer.
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Tonal’s now-shuttered Palo Alto, Calif. retail store. Photo by Getty.
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SpaceX CEO Elon Musk last August. Photo by Bloomberg
Exclusive startups electric vehicles
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