10 things in technology: Amazon Cuts

Hello, readers! Today, we’re sinking our teeth into a leaked email from Amazon that tells of hiring cuts and reveals one of the biggest problems with charging electric cars.

Let’s go in.


If this has been forwarded to you, sign up here. Download the Insider app – click here for iOS And here for android.


Amazon CEO Andy Jassy waves his hands on stage at the GeekWire Summit.


Dan DeLong / GeekWire


1. Difficult choices at Amazon as retail businesses cut hiring goals. A leaked email shows that Amazon’s retail business will hire fewer people in 2022 than initially anticipated. In a year marked by inflation,


volatility

and the market crash, Amazon is the latest in a long list of tech companies to slow their hiring plans.

Here’s everything Insider learned from Amazon’s leaked email.


In other news:

Facebook CEO Mark Zuckerberg talks about it

Facebook CEO Mark Zuckerberg talks about “News Tab” at the Paley Center, New York on October 25, 2019.

Photo by AP / Mark Lennihan


2. The teenager who track down Elon Musk’s jet says he discovered Mark Zuckerberg’s new plane. When it comes to travel and safety for Meta’s CEO, the company has a record of high spending. After a month of research, 19-year-old Jack Sweeney shared a photo of Zuckerberg’s jet on Twitter.

3. M&A dealers are circling troubled tech startups looking for takeover deals. In the throes of a “market exodus,” bankers and VCs say there is an abundance of overvalued cash-strapped startups looking for a buyer to rescue them. According to a VC from Silicon Valley, buyers are taking the offensive because “there is blood in the water.”

4. Mastercard customers will soon be able to make payments by smiling or waving at the cashier. The new biometric payment system is being tested in Brazil this week and will allow customers to pay via a camera at the checkout, without the need for a card or phone.

5. The founders often overlooked by VCs are now poised for success. As cash flow shrinks in the startup world, undercapitalized founders from underrepresented backgrounds – who are used to operating on lean budgets – are sought after by investors. Nine founders and investors revealed how they are preparing for success while others struggle.

6. The Google branch in Russia is ready to file for bankruptcy. The subsidiary said it had become impossible for the company to pay employees and suppliers after Google suspended most of its business operations in the country. Here is the last one.

7. Within Amazon’s ProServe, an elite group in the company’s cloud unit. Members of the group are fighting with management to end what they say is a long-standing culture of “bullying and prejudice”. Twenty-one current and former AWS employees spoke to us about workplace culture.

8. Cerebral just replaced CEO Kyle Robertson. Dr. David Mou, the company’s chief medical officer, will take the reins effective immediately. It comes after that the company faces increasing scrutiny for how it prescribes controlled substances. Here’s everything we know about change.


Gmail logo in a magnifying glass surrounded by Gmail 2x1 hidden features


Gmail; Rachel Mendelson / Insider


Frippery:

9. Gmail has a number of hidden features that every user should know about. Did you know that you can schedule emails, control who can forward messages, and even recall emails you didn’t want to send? Here are 11 useful Gmail features.

10. Porsche’s electric station wagon highlights one of the biggest problems with charging electric cars. One of the Taycan Cross Turismo’s biggest selling points is its fast recharge time. But charging stations are few and far between and those powerful enough to recharge quickly are even rarer. Insider has a full review of the Taycan.


What we are looking at today:

Keep up to date with the latest tech news throughout the day by checking out The Refresh by Insider, a dynamic audio news summary from Insider’s editorial team. Listen here.


By Hallam Bullock in London (feedback or suggestions? Email hbullock@insider.com or tweet @hallam_bullock.)

Leave a Reply

Your email address will not be published.