BuzzFeed plans to layoff 68 employees
According to a memo from BuzzFeed CEO Jonah Peretti, the company plans to furlough 68 employees in an effort to cut the costs. The CEO himself is foregoing pay in these difficult times. Jonah said that the efforts to minimize losses “will no longer be possible without further cuts similar to what we’re doing across other parts of the company.” The layoffs will begin from May 15
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TikTok’s newly appointed CEO to leave the company
Kevin Mayer left Disney in June to join TikTok as CEO but in a letter to the employees, Mayer said that he is leaving the company due to recent changes in the political environment. “In recent weeks, as the political environment has sharply changed, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company,” Mayer said
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SpaceX Starship destroyed in pressure testing
SpaceX's latest Starship prototype, named the SN3, suffered a catastrophic failure during a cryogenic proof test, which tests the spaceship's integrity by subjecting it to pressures similar to what it would face during a test flight. The company's founder and CEO Elon Musk posted on Twitter that the failure may have been caused by a faulty configuration.
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Zoom shelves development to address privacy issues
Eric Yuan, the founder and CEO of video conferencing app Zoom, which has shot to 200 million daily active users amid the coronavirus pandemic, has announced that the company will be putting roll-out of new features on hold after Zoom received widespread criticism over its treatment of user privacy and security. Yuan says the company will instead focus on fixing the issues users are facing with the software.
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Saudi Arabian spies hack US phones
Saudi Arabian spies hack US phones
According to a new report Saudi spies have been exploiting security flaws within the world's cell networks to spy on US citizens through their own phones. US carriers have long since been aware of these flaws but have not made any efforts to patch them. Saudi Arabia has also planted spies at Twitter to surveil critics of the regime.
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