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OpenAI’s decision to fire CEO Sam Altman may have put the company’s future in jeopardy. Reportedly, a lion’s share of its employees have threatened to walkout unless the ousting is reversed. Complicating matters further, a number of executives from big tech orgnanizations have offered jobs to employees considering leaving. To my
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The OpenAI employees said in the letter that the board’s ousting of Altman shows a lack of competence to manage the firm and help it achieve its goal of becoming the leading global artificial intelligence company. In a dramatic turn of events, hundreds of OpenAI employees, including high-ranking executives, are on
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As many as 1,300 employees are working under Shell’s Low Carbon Solutions (LCS) division. A total of 90,000 people are employed by Shell Group in 70 countries. Massive layoffs taking place in the tech industry in 2022 and 2023 have extended to other fields. Recently, oil and gas giant Royal Dutch Shell PLC (NYSE: SHEL),
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Recent reports also suggest that a significant number of employees were laid off earlier this month, with sources indicating that approximately 300 people lost their jobs. Parity Technologies, the prominent blockchain infrastructure company supporting the Polkadot network, has unveiled a significant restructuring plan that includes a 30% (around 100 people) reduction
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One of the vocal supporters of the metaverse is now calling for employees to return to the office. Roblox appears to be shifting from remote-only working to a hybrid mix of in-office and remote work models, as reports say the firm’s head, David Baszucki, is calling on employees to begin working
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A group of two dozen ConsenSys AG’s early employees filed a lawsuit against crypto entrepreneur Joseph Lubin. Ethereum co-founder and boss of blockchain company ConsenSys, Joseph Lubin, is facing a class action lawsuit filed against him by a group of early employees claiming that he had “violated his legal commitments and
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LinkedIn assures of its commitment to ensure that the affected employees have a soft landing, promising to treat them with utmost care and respect. Microsoft-owned LinkedIn has announced its decision to relieve another 668 employees of their duties with the company. The announcement, which was shared via a Monday memo, follows
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Out of the 1,258 job cuts, more than 750 positions are from different levels of Qualcomm’s engineering ranks. The rest of the reductions cover a broad range of roles such as internal technical staff and accounting. American largest chipmaker Qualcomm Inc (NASDAQ: QCOM) will lay off about 1258 employees in its
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The Wall Street Journal has confirmed that Alameda Research used a secret backdoor in FTX, the defunct exchange, to withdraw billions of dollars of customer funds, and some of the exchange’s U.S.-based employees were aware of it. In spring 2022, a group of employees at LedgerX discovered a backdoor in the system that allowed Alameda
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Today, all employees of the FAST unit will be notified about their further status. Currently, there are 600 workers under the FAST division. It is not clear how many people will lose their jobs at Reality Labs. Meta Platforms Inc (NASDAQ: META) is reportedly planning to lay off employees in Reality
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