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Sophia Lewis

1558 Posts
Snap Lays Off 10% of Its Work Force

Snap Lays Off 10% of Its Work Force

Snap, the parent of messaging app Snapchat, on Monday said it would lay off more than 500 employees, joining other tech companies in a wave of new cost-cutting measures.The layoffs amount to 10 percent of its global work force; the majority will occur in the first quarter of 2024. “We have made the difficult decision to restructure our team,” the company said in a securities filing, adding that it would take pretax charges of $55 million to $75 million, primarily for severance and related costs.Amazon, Google and Microsoft have announced layoffs this year, following tens of thousands across the sector…
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CNN’s New Morning Strategy: More News, Less Banter

CNN’s New Morning Strategy: More News, Less Banter

CNN spent years trying to compete in the cutthroat realm of chatty morning TV, cycling through formats in the hopes of catching up to breakfast-time staples like “Morning Joe” and “Good Morning America.”That experiment never quite caught on with viewers — and now it is coming to an end.In his first significant programming move since joining the network in the fall, Mark Thompson, CNN’s chairman, announced on Monday that the channel would exit the morning chat-show format by the end of the month. Instead, its morning lineup will focus on straight news coverage, the kind of bread-and-butter reporting that Mr.…
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Anxiety, Mood Swings and Sleepless Nights: Life Near a Bitcoin Mine

Anxiety, Mood Swings and Sleepless Nights: Life Near a Bitcoin Mine

On a sweltering July evening, the din from thousands of computers mining for Bitcoins pierced the night. Nearby, Matt Brown, a member of the Arkansas legislature, monitored the noise alongside a local magistrate.As the two men investigated complaints about the operation, Mr. Brown said, a security guard for the mine loaded rounds into an AR-15-style assault rifle that had been stored in a car.“He wanted to make sure that we knew he had his gun — that we knew it was loaded,” Mr. Brown, a Republican, said in an interview.The Bitcoin outfit here, 45 minutes north of Little Rock, is…
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A City Built on Steel Tries to Reverse Its Decline

A City Built on Steel Tries to Reverse Its Decline

Gary, Ind., was once a symbol of American innovation. The home of U.S. Steel’s largest mill, Gary churned out the product that built America’s bridges, tunnels and skyscrapers. The city reaped the rewards, with a prosperous downtown and vibrant neighborhoods.Gary’s smokestacks are still prominent along Lake Michigan’s sandy shore, starkly juxtaposed between the eroding dunes and Chicago’s towering silhouette to the northwest. But now they represent a city looking for a fresh start.More than 10,000 buildings sit abandoned, and the population of 180,000 in the 1960s has dropped by more than half. Poverty, crime and an ignoble moniker — “Scary…
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Hard Fork: We Tried the Apple Vision Pro + Can Congress Protect Kids Online? + Cruise’s Crash

Hard Fork: We Tried the Apple Vision Pro + Can Congress Protect Kids Online? + Cruise’s Crash

Listen and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTubeApple’s Vision Pro headset is now for sale in stores. Will it live up to the hype? Kevin Roose and Casey Newton tried it out to see. Then, in a high-profile congressional hearing on child safety and social media, Mark Zuckerberg, the Meta chief executive, made an apology to families of victims of online child abuse. Is new legislation on the horizon? And finally, what the collapse of Cruise, the autonomous vehicle company, means for the future of self-driving cars.Credits“Hard Fork” is hosted by Kevin Roose and Casey Newton and…
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India’s Quiet Push to Steal More of China’s iPhone Business

India’s Quiet Push to Steal More of China’s iPhone Business

India is quietly grabbing from China more manufacturing of Apple’s iPhones and other electronics gear.It is happening in South Indian industrial areas on muddy plots that were once farmland.In Sriperumbudur, people call Apple “the customer,” not daring to say the name of a company that prizes its secrets.But some things are too big to hide. Two gigantic dormitory complexes are springing up from the earth. Once finished, each will be a tight block of 13 buildings with 24 rooms per floor around an L-shaped hallway. Every one of those pink-painted rooms will have beds for six workers, all women. The…
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