Tim Cook described John Ternus as 'a brilliant engineer and thinker who has spent the past 25 years building the Apple products our users love so much, obsessed with every detail, focused on every possible way we can make something better, bolder, more beautiful, and more meaningful.'
"Increased in-person collaboration across a core part of our merchandising team will help us reinforce our merchandising authority, unlocking greater creativity and enabling us to move faster to deliver on our strategy."
Instead of addressing our concerns, our legitimate concerns instead, they turn toward investigating me. And I was instrumental in leading the group. So I think that clearly they were trying to chill [the] activity of workers and that should scare every worker across the country.
Workplace wellness programs have exploded over the past decade or so, with companies rolling out a suite of subsidized perks, such as gym discounts, mental health apps, and other benefits aimed at attracting and retaining workers. The pandemic upped the ante even more - in the face of a tight labor market and a hyper-stressed workforce, plenty of business leaders looked around and thought, "Well, a Zoom meditation session can't hurt, right?"
Oracle's severance package for laid-off employees includes four weeks' base salary plus one week for each additional year of employment, capped at 26 weeks. This offer is smaller compared to other recent severance packages from companies like Block and Meta, which provided more generous terms.
At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.