Monthly Archives: October 2022

I took an $18-an-hour job in an Amazon warehouse to cure the spiraling depression I felt as a CEO. It worked — and gave me a new perspective on the industry.

Philip Su spent seven weeks working in an Amazon warehouse in Seattle, making $18.55 an hour. Philip Su After 23 years in tech, former Facebook and Microsoft exec Philip Su felt paralyzed by burnout. He quit his CEO job and began working 11-hour Amazon warehouse shifts during the company’s busiest season. He says the rigid…

Meta says it’s planning to shrink its office space as more employees are working remotely

Meta is aiming to operate more efficiently, according to its CFO. Arnd Wiegmann/Reuters Meta said during an earnings call it plans to condense its workplaces as more staff work remotely. Meta’s CFO said the company was making “significant changes across the board to operate more efficiently.” The social-media giant has embraced remote work, with top…

Russia launched a hotline for citizens with questions about the war and said it was getting 118 calls a minute at one point

Vladimir Putin on the phone in his office in Saint Petersburg on December 15, 2018 Alexey NIKOLSKY / Sputnik / AFP The Russian government set up a helpline to answer its citizens’ questions about the Ukraine war. At its peak, it received about 170,000 calls a day, Prime Minister Mikhail Mishustin said. That’s down to…

Meta shares crater 20% after its earnings and revenue outlook miss targets

Meta shares tumbled Thursday after the company missed its earnings targets and warned of a fourth-quarter revenue slowdown. Drew Angerer/Getty Images Meta shares lost almost 20% premarket Thursday after the Facebook parent missed its Q3 earnings target. Sales fell in the quarter, and Meta gave a weak revenue forecast amid an ad spending slowdown. Its…