Meta Platforms shareholder and Altimeter Capital CEO Brad Gerstner is calling on Meta CEO Mark Zuckerberg to cut spending and reduce employee headcount in order to rebuild confidence with investors. In an open letter Monday, Gerstner said Meta had “drifted into the land of excess — too many people, too many ideas, too little urgency.” He urged the company to reduce headcount expense by at...
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‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from tech giants like Amazon and Google. Both companies were selling cheap speakers capable of multiroom audio playback, a feature Sonos had pioneered on its devices more than a decade earlier. Sonos...
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