You are almost there! Jordan Parker Erb from New York writes to you.
Today’s edition is jam-packed: We have an exclusive look at messages leaked by Amazon employees. Aren’t happy with the company’s recent raisesThe latest information on the Elon Musk-Twitter showdown.
A 34-year old shares his experience of knowing it was the right decision to sell his house. His passion project requires $300,000..
Keep your cool, readers.
If you received this, Sign up now. Download the Insider app here.
Images by Getty Images by Ane Barlow/PA
1. Amazon warehouse workers furious at the company’s recent raises are revealed in leaked documents. The wages at the e-commerce giant were increased by approximately $0.50 to $1.00 per hour. But according to messages obtained by Insider, the wages aren’t enough to make workers feel valued — and some employees have described them as “A slap on the face.”
- Amazon Pay raiseNearly 900 US facilities. Amazon spent $1 billion to raise the starting salary at its warehouses. This boosted the hourly rate from $18 to $19 and offered a variety of benefits.
- These increases are made in the lead-up to Amazon’s second Prime Day sales eventThis year. Employees feel that the wage increases are not sufficient to counter encroaching inflation, or alleviate discontent about heavy workloads.
- An internal messaging board containing dozens of comments from Orlando warehouse workers shows that not all staff saw the raises as a problem. The starting wages at that warehouse rose from $15.50 up to $16.00
- One employee stated, “I feel disregarded and humiliated.”
Here are some other comments from employees.
Other news:
Patrick Pleul/picture Alliance via Getty Images
2. Officially, Musk’s upcoming trial against Twitter has been put on hold. To give both sides time to come to an agreement, the judge who is overseeing the case has agreed to stop proceedings on October 28. The trial will take place in November if they are unable to reach an agreement. The complete story is available here.
3. Meet the most powerful Apple executive that you have never heard of. Peter Stern is an “earth-cold brilliant” vice president in the Services division, which accounts for one-quarter the company’s revenues. He is one of very few top executives who might succeed Eddy Cue (the company’s long-serving Services SVP).All we know about the forward-looking Stern.
4. Peloton has cut 500 jobs. According to The Wall Street Journal, the company would be reducing its workforce by 12% and shrinking its retail presence. This marks the fourth round in layoffs for Peloton so far this fiscal year. Learn more.
5. Google’s Trade Desk CEO was criticized for selling “the most misleadingly named product in recent Adtech” CEO Jeff Green criticized Google for engaging with “unfair” or “draconian” practices during an investor day conference. He specifically criticized Google’s Open Bidding Tool, which aids publishers in selling ads. Continue reading Green’s comments.
6. Binance has been the victim of hackers who have stolen tokens worth $100 million. The world’s largest crypto exchangeBinance CEO said that hackers attacked a bridge linking blockchains but that the situation has been “contained”. Here is the latest.
7. Clearview AI, Google and Clearview AI are criticised by civil rights groups. The White House issued an “AI Bill of Rights”, which outlines principles that companies should follow when dealing with AI. When writing the bill, it asked companies, researchers, and civil rights groups for feedback — and several said facial recognition company Clearview AI practices are alarmingGoogle is the best! Engages in “vicious cycles of personal data collection.”
8. To build his project after work, a 34-year-old programmer quit Stripe’s $300,000. Sumit Kumar left the billion-dollar fintech company in May to build his startup Parqet, a financial platform he started as a side project — and says he’s convinced it was the right thing to do. He explains.
There are many odds and ends
Ford Motor Co.
9. Ford just increased the cost of its F-150 Lightning Pro to $5,000 Ford’s new electric vehicle has been subject to delays in its supply chain, resulting in an increase of the price for its second-highest priced model since last month. Here’s what the F-150 Lightning Pro costs now.
10. Google just released its Pixel 7 series. One of Check out the latest featuresThe Pixel 7 and Pixel 7 Pro come with a free “VPN” built in that will be available “later in the year.” Here are some additional features. These are just four reasons Android lovers should be thrilled.
Tech’s newest people:
You can keep up to date with the most recent tech news by visiting www.technews.comInsider RefreshAn audio news brief from Insider. Listen here.
Jordan Parker Erb, New York. (Feedback and tips? Email jerb@insider.comTweet @jordanparkererb.) Edited by Hallam bullock (tweet). @hallam_bullock) in London.
