Groupon fires CEO and COO amid coronavirus crisis
Even though most tech companies have experienced stock crashes in the past month due to the COVID-19 pandemic, Groupon's share price dropped by an astounding 70 percent, due to which the company has now asked its CEO Rich Williams and COO Steve Krenzer to step down from their positions. Groupon's North America president Aaron Cooper will serve as interim CEO.
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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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Garmin hit with massive outage in suspected ransomware attack
Garmin, the GPS and wearable device company, says a widespread blackout has left its fitness devices, website and call centers offline for more than 24 hours in what may be a ransomware attack. "We are currently experiencing an outage that affects Garmin.com and Garmin Connect," the company announced on Twitter and the Garmin Connect website .
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BuzzFeed plans to layoff 68 employees
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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With new coronavirus tracker, Apple and Google may finally get their big break in health care
A high-profile failure to gain the trust of users, public health agencies and industry partners could "come back to haunt Apple and Google" in future health initiatives, said Joy Pritts, a health privacy expert and a former top adviser for privacy and security at the Department of Health and Human Services.
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