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Meta offers mega pay for AI talent
Bloomberg reports that Meta Platforms has made record-breaking compensation offers to attract AI experts to its “superintelligence” team, including a package exceeding $200m for ex-Apple engineer Ruoming Pang. These multi-year offers combine base salary, cash bonuses, and heavily performance-tied Meta stock. Apple reportedly did not counter due to internal pay norms. Meta’s AI recruitment push…
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Corporate adoption of AI boosts tech leader salaries
Top technology leaders at US companies are getting bigger paychecks as AI expands the scope of their leadership and responsibilities. The median pay for CTOs rose 30.81% in 2024 from the previous year, to approximately $2.4m, according to C-Suite Comp, an executive and board pay analytics firm. A separate report from Heller Search Associates found…
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Dairy industry shaken by immigration raid
In Vermont, nearly two-thirds of New England’s milk production is at risk following a significant immigration raid on a dairy farm. The raid has instilled fear across the Northeast agriculture sector, as Brett Stokes, a lawyer for the workers, noted that “these strong-arm tactics… play a role in stoking fear in the community.” The dairy…
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Amazon urged to improve conditions for pregnant workers
Celebrities including Jane Fonda and Cynthia Nixon are urging Amazon to address claims that pregnant warehouse workers are denied reasonable accommodations, causing health risks and miscarriages. A letter signed by several public figures accuses Amazon of violating the Pregnant Workers’ Fairness Act, despite the company stating most pregnancy-related requests are granted. The letter cites nearly…
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TikTok Shop announces job layoffs
TikTok Shop US, the e-commerce arm of TikTok, is facing challenges as it undergoes its third round of layoffs since April, although the exact number of affected jobs remains undisclosed. Launched less than two years ago, TikTok Shop has been the company’s fastest-growing business, offering a platform for creators to earn commissions on sales. However,…
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Amazon deploys its one millionth warehouse robot
Amazon is rapidly expanding its use of robotics, and now has over a million robots operating in its warehouses, nearly matching the number of human workers. The company passed the milestone with the delivery of a unit to a fulfilment facility in Japan. Around 75% of Amazon deliveries involve robotic assistance, which the company says…