Introducing Insider's 100 people transforming business
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Matt Weinberger
Nov 16, 2022, 18:29 IST
Insider's annual list of the 100 People Transforming Business.Insider
It is Wednesday, my dudes. This is Matt Weinberger, filling in once more for Jordan Erb. This may be a contrarian position, but Wednesday is my favorite day of the week — it's when new comic books come out (well, DC started releasing them on Tuesdays in recent years, but still).
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It's my pleasure to introduce to you Insider's list of 100 People Transforming Business in 2022 — our annual celebration of the people who are bucking trends and upending convention across industries. This year's list includes some of tech's biggest movers and shakers, including BeReal CEO Alexis Barreyat, YouTube chief business officer Mary Ellen Coe, and key union organizer Jessica Gonzalez. Check out the full list here.
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
There's much to discuss, so let's dive in.
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1. 100 People Transforming Business. Every year, Insider spotlights the 100 people who made the biggest dent in the world of business. While the list goes well beyond the realm of technology, several top industry figures made this year's list.
Honorees included the CEO of BeReal, YouTube's chief business officer, and even key tech labor organizer Jessica Gonzalez.
In a tough year that saw economic conditions sour across the board, these leaders stood out as representative of broader trends sweeping the world of tech.
2. Layoffs hit Amazon. The sweeping layoffs at the online retail giant, first reported on earlier this week, finally started in earnest on Tuesday. As many as 10,000 jobs could be cut in what may prove to be Amazon's largest layoff to date. For more on Amazon:
3. Twitter insiders worry that a crash is incoming. Under Elon Musk, Twitter's user count is up, and its headcount is way down. People close to the company tell Insider's Kali Hays and Lara O'Reilly that they worry it's a recipe for the service to go down in a major way, sooner rather than later. Read more about their concerns. Oh, and Twitter workers have started calling Musk by a new nickname, Elmo.
5. Recurrent Ventures hits turbulence. Insider's Steven Perlberg writes that Recurrent Ventures, which raised $300 million last year, is going through some tough times. The owner of media brands including Popular Science and The Drive is disorganized and struggling to sell ads, Insiders say. Read more here.
6. Wall Street takes aim at Alphabet. TCI, a major investor in Google's parent company Alphabet, sent a letter on Tuesday urging Alphabet CEO Sundar Pichai to cut costs. Specifically, they worry that Alphabet has too many employees who are getting paid too much, and that the company burns too much cash on so-called moonshots.
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7. Google employees are worried that layoffs are coming for them next. Parent Alphabet is one of the few Big Tech companies not to have done layoffs this year, but staff fear Google may use more aggressive performance reviews to quietly reduce headcount.
8. Lucid is trying to undercut Tesla. Lucid Motors, an electric-vehicle startup, is aiming to undercut the Tesla Model S with its new Air Pure, hitting the streets before year's end. It boasts a slightly longer range than the Model S — and at $92,900, it's $12,000 cheaper.
Odds and Ends:
9. Taylor takes her toll on Ticketmaster. On Tuesday, Swifties across the country were dismayed to find that Ticketmaster was struggling to keep up with the demand for tickets to Taylor Swift's upcoming "Eras" tour. Needless to say, people aren't happy.
Chip giant Nvidia and networking titan Cisco both report earnings after the closing bell on Wednesday.
Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.
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