ICYMI: How Gwynne Shotwell is Leading SpaceX through Musk's Controversies Read Now

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PayPal Laid Off 83 People in April

Paypal laid off 83 employees last month, the company said in a filing. The layoffs affected employees at the digital payment giant’s San Jose office and went into effect on April 13, according to the filing. The company employed a total of 30,900 people globally as of December, approximately 13,100 of whom were in the US. The layoffs come amid a downturn in the growth of e-commerce across the...

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The Weekend Entertainment Culture
‘He's Making Up a World He Wants to Attack’: Vivek Ramaswamy and the Making of an Anti-ESG Culture Warrior
‘He's Making Up a World He Wants to Attack’: Vivek Ramaswamy and the Making of an Anti-ESG Culture Warrior
Hi, welcome to your Weekend! On Friday morning, just minutes after we published this week’s cover story, I saw a New York Times headline that echoed one of our piece’s theses: “How Republicans Are ‘Weaponizing’ Public Office Against Climate Action.”Both the Times investigation, by David Gelles, and our own, by veteran business journalist Michelle Celarier, explain aspects of a...
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Data Point Google Facebook
Why Mark Zuckerberg and Sundar Pichai Are Worried About Productivity
Executives at Facebook parent Meta Platforms and Google parent Alphabet are feeling the pressure, so they’re giving employees a kick in the pants.
Art by Mike Sullivan
Opinion Startups Economy
Don’t Blame Tech Workers for Silicon Valley’s Bloated Head Counts
A frustrated Mark Zuckerberg paused during his weekly Q&A with Meta Platforms employees. He’d just gotten through warning everyone about the punishing downturn he saw coming , and the first question he got—one that, to be fair, had been pre-recorded—asked whether Meta Days, the extra time off given to workers during the pandemic, would continue in 2023.
Photos by Bloomberg. Art by Mike Sullivan
Exclusive Venture Capital Startups
Elon Musk’s No. 2 at SpaceX Does Damage Control
For years, many investors and employees at Space Exploration Technologies have regarded the company’s No.2 executive, Gwynne Shotwell, as the adult in the room at the boundary-pushing rocket company founded by Elon Musk.
Illustration by Jesus Escudero.
Exclusive Venture Capital Startups
Debt Is Back for Startups Shut Out of IPO Market
Tech startups that had been eager to go public this year have been forced to put those plans on ice amid the market meltdown.
Art by Clark Miller
The Big Read
‘He’s Making Up a World He Wants to Attack’: How Vivek Ramaswamy Became a Right-Wing Culture Warrior
Riley Moore had never met the man seated next to him. The state treasurer of West Virginia, Moore had come to a conservative retreat in the state’s storied Greenbrier resort in May 2021 to talk about a letter he and 14 other Republican state treasurers had just written to the Biden administration’s climate envoy, John Kerry.
Oracle's office (and former headquarters) in the San Francisco Bay Area. Photo by Bloomberg
Exclusive
Oracle Axes U.S. Staff, Part of Plan to Lay Off Thousands
Oracle has begun to lay off employees in the U.S., a move that will impact some staff in the San Francisco Bay Area, where the company was previously headquartered, said a person with direct knowledge of the matter.