Morning Tidings

Tag: Sacked

  • Sam Altman Sacked: Mira Murati Appointed as Interim CEO of OpenAI After ChatGPT Parent Firm Fires Sam Altman

    Sam Altman Sacked: Mira Murati Appointed as Interim CEO of OpenAI After ChatGPT Parent Firm Fires Sam Altman

    OpenAI has appointed Mira Murati as the Interim CEO, following the unexpected ousting of Sam Altman. Mira Murati held the position of Chief Technology Officer at OpenAI. Murati’s appointment as the interim CEO of OpenAI marks a significant transition for the company, following the dismissal of Sam Altman, the previous CEO. OpenAI said that it is searching for a permanent replacement for Altman. Sam Altman Sacked: OpenAI President Greg Brockman Quits After ChatGPT Parent Firm Fires CEO Sam Altman.

    Sam Altman Sacked

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  • Sam Altman Sacked: OpenAI President Greg Brockman Quits After ChatGPT Parent Firm Fires CEO Sam Altman

    Sam Altman Sacked: OpenAI President Greg Brockman Quits After ChatGPT Parent Firm Fires CEO Sam Altman

    After ChatGPT-maker OpenAI fired Sam Altman, the co-founder and President Greg Brockman has announced that he is quitting the company. Announcing on X (formerly Twitter), Brockman wrote, “I’m super proud of what we’ve all built together since starting in my apartment 8 years ago. We’ve been through tough & great times together, accomplishing so much despite all the reasons it should have been impossible. But based on today’s news, I quit,” he said. The company pushed out Altman after a review found he was “not consistently candid in his communications” with the board of directors. “The board no longer has confidence in his ability to continue leading OpenAI,” it added. Sam Altman Sacked: ChatGPT Parent Firm OpenAI Fires Co-Founder After Board Loses Confidence.

    Greg Brockman Resigns

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Sam Altman Sacked: ChatGPT Parent Firm OpenAI Fires Co-Founder After Board Loses Confidence

    Sam Altman Sacked: ChatGPT Parent Firm OpenAI Fires Co-Founder After Board Loses Confidence

    San Francisco, November 18: In a surprising move, Sam Altman, CEO and co-founder of OpenAI, the organisation behind ChatGPT, has left the artificial intelligence company and resigned from its board with immediate effect. This unexpected departure has sent shock waves through the technology industry, The Washington Post reported on Friday (local time).

    The company revealed in a blog post on Friday that OpenAI’s board no longer has confidence in Altman’s ability to lead the organisation. Sam Altman, CEO of OpenAI Says ‘We Are Pausing New ChatGPT Plus Sign-Ups for a Bit’, Advises Users To Sign Up To Get Notified When Subscriptions Re-Open.

    The post said that Altman’s departure came after “a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” OpenAI CEO Sam Altman Launches New ‘GPT-4 Turbo’ as ChatGPT Reaches 100 Million Weekly Active Users.

    Now, Chief Technology Officer Mira Murati will step in as interim CEO, and a search is underway to find a permanent successor, according to The Washington Post.

    “I loved my time at OpenAI. It was transformative for me personally, and hopefully the world a little bit. Most of all I loved working with such talented people. Will have more to say about what’s next later,” posted Altman on X.

    Altman’s departure is surprising given his role as a prominent figure in the AI revolution and a key influencer in shaping the industry. Since the introduction of ChatGPT, major tech companies have strived to compete with OpenAI, and world leaders have sought Altman’s insights and investments.

    According to The Washington Post, in Silicon Valley, Altman was recognised as a savvy investor and supporter of smaller companies. The rise of OpenAI elevated him to the status of tech titans such as Elon Musk, Meta CEO Mark Zuckerberg, and even the late Apple CEO Steve Jobs. Just last week, Altman presented OpenAI’s new roadmap to enthusiastic developers at the company’s inaugural conference.

    The blog post also announced that Greg Brockman, another co-founder of OpenAI, would step down as the chair of the company’s board but remain with the organisation.

    Originally established as a nonprofit in 2015, OpenAI aimed to prevent advanced AI from falling into the hands of monopolistic corporations. However, after receiving a significant investment from Microsoft in 2019, the company transitioned to a for-profit structure. OpenAI continues to assert its commitment to building AI for the benefit of humanity, but recent developments suggest a more conventional business approach.

    In May, the company initiated a hiring spree, attracting executives from Meta, Apple, and Amazon Web Services. Altman’s global engagements with world leaders and developers, coupled with the company’s expansion in San Francisco, underscore a shift in OpenAI’s trajectory from its original nonprofit mission, The Washington Post reported.

    (This is an unedited and auto-generated story from Syndicated News feed, Morning Tidings Staff may not have modified or edited the content body)

  • Layoffs: Nearly 1,106 Tech Firms and Startups Companies Sacked About 2.5 Lakh Employees So Far in 2023

    Layoffs: Nearly 1,106 Tech Firms and Startups Companies Sacked About 2.5 Lakh Employees So Far in 2023

    New Delhi, November 11: Nearly 2.5 lakh employees have been laid off so far this year in the global technology and startup sector, as the tech layoffs continue unabated for the past two years. Nearly 1,106 tech companies have sacked 248,974 employees (till November 11), according to data compiled by the website Layoffs.fyi. Last year, 1,024 tech companies laid off a total of 154,336 employees. Citing the global macroeconomic conditions, Big Tech firms and startups across the spectrum have fired employees.

    On average, about 555 employees lost their jobs every day in the last two years – or 23 workers every hour. In January alone, 89,554 employees were laid off. In terms of sector, retail tech and consumer tech were the ones which laid off the most employees in this year. As 2023 is not over yet, more layoffs are set to happen in the remaining period. Several tech and gaming companies laid off employee this month. SiFive Layoffs: Semiconductor Design Company SiFive Lays Off More Than 100 Employees, Over 20% of WorkForce

    French video game company Ubisoft, which published popular franchises like Assassin’s Creed and Far Cry, has laid off about 124 employees as part of a corporate restructuring and reorganisation effort. Game development software company Unity has announced that it will “likely” go for layoffs as part of cost-saving measures. Snap, the parent company of Snapchat, has laid off nearly 20 employees who held product management titles as part of a restructuring aimed at streamlining the social messaging company. Layoffs Continue in IT Sector: Tech Companies Lay Off 226,000 Employees to Date, 40% More Than in 2022, Says Report

    US-based F5, a global leader in multi-cloud application security and delivery, reportedly laid off 120 employees this month. Global communications company Viasat is laying off 800 employees, about 10 per cent of its workforce, and the impact will spread across the business in terms of geographies and divisions. US-based cybersecurity company Splunk has announced to lay off about 7 per cent of its global workforce, just months ahead of its acquisition by global networking giant Cisco.

    (The above story first appeared on Morning Tidings on Nov 11, 2023 02:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Google India Employee Says He Was Sacked From Company Despite Being Star Performer For Month, Shares Emotional Post on LinkedIn

    Google India Employee Says He Was Sacked From Company Despite Being Star Performer For Month, Shares Emotional Post on LinkedIn

    Google employees continue to share their experiences after being laid off from the company. One such employee Harsh Vijayvargiya shared his experience on Linkedin after being laid off. He was removed from the workforce at Google Operations Center. In his post, Harsh expressed his shock and disappointment when he received an email notification from Google, notifying him of his layoff. The former Google employee and father of one said that he was laid off despite being the star performer for the month. He ended the post by sharing his professional credentials and writing that he hopes to find placement soon as he is having financial troubles after being laid off. Google Layoffs Not Based on Performance, Says Sacked Indian Employee in A LinkedIn Post.

    Google Employee’s LinkedIn Post:

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  • Meta Employees, Sacked in November, Claim They Didn’t Get Severance as Promised by CEO Mark Zuckerberg

    Meta Employees, Sacked in November, Claim They Didn’t Get Severance as Promised by CEO Mark Zuckerberg

    New Delhi, December 6: Several Meta employees, sacked by the company last month, have claimed they did not get the severance package as promised by Meta Founder and CEO Mark Zuckerberg. In one of the worst lay-offs ever in the tech industry, Zuckerberg sacked more than 11,000 employees — about 13 per cent of the global workforce — and extended hiring freeze through Q1 2023.

    According to a CNBC report, employees who joined Meta via a corporate training programme claim “they are receiving inferior severance packages compared to other workers who were recently laid off”. The employees are members of Meta’s Sourcer Development Programme, which, in turn, is part of the company’s Pathways programme. Facebook Parent Meta Planning To Lay Off ‘Thousands’ of Employees This Week: Reports.

    The laid off members of Meta’s Sourcer Development Programme said they were not contract workers and were categorised as short-term employees and received all the benefits of full-time employees, including insurance and retirement funds but not corporate stock packages. Zuckerberg had promised severance of 16 weeks of base pay plus two additional weeks for every year of service, with no cap. Meta Warns Its Employees Not to Discuss ‘Abortion’ at Workplace.

    “We’ll cover the cost of healthcare for people and their families for six months,” said Zuckerberg, adding that the company will “provide three months of career support with an external vendor, including early access to unpublished job leads”.

    However, members of the Sourcer Development Programme said they only received “8 weeks of base pay and three months of Continuation of Health Coverage (COBRA). The affected workers sent a letter to Zuckerberg and other Meta executives, asking for help to resolve the issue. However, they have not received any replies from Meta so far.

    Meta did not comment on the report. The company had also promised to pay for all remaining paid time off (PTO) time and everyone impacted will receive their November 15, 2022 vesting of shares.

    (The above story first appeared on Morning Tidings on Dec 06, 2022 03:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).

  • Mass Layoffs: Sacked Tech Employees Find It Difficult To Get Jobs As Companies Freeze Hiring Amid Global Slowdown

    Mass Layoffs: Sacked Tech Employees Find It Difficult To Get Jobs As Companies Freeze Hiring Amid Global Slowdown

    San Francisco/New Delhi, Nov 13: As thousands of techies lose jobs at Big Tech companies, most of them are finding it difficult to get jobs, as there is a freeze on new hirings at nearly every top firm, amid global macroeconomic conditions and recession fears.

    Meta, Twitter, Salesforce, Lyft, Stripe, Uber and tech giants like Microsoft and Google, have laid off employees as well as put a total freeze on new hirings. Twitter $8 Blue Subscription Service To Return by End of Next Week, Elon Musk Confirms.

    Indian-origin Nilesh Bhandare, 39, was a data engineer at Twitter. He told the San Francisco Chronicle that he has seen a dramatic turnaround in job availability in the market.

    “While lots of recruiters have approached him, only about 20 per cent are focused on full-time positions. The rest are seeking contract workers — who can more easily be let go,” the report said.

    The last time Bhandare scouted for jobs, the situation was entirely different.

    “My take is, no one wants to commit now for full time, because companies are not sure about the economic situation,” Bhandare was quoted as saying in the report.

    It’s an anxious time for tens of thousands of newly laid-off workers amid inflation pressures and recession concerns.

    “Data suggests San Francisco’s tech industry has been losing jobs for months,” the report mentioned.

    In January, there were 41,718 tech job listings in the San Francisco-Oakland-Fremont metro area, according to job-hunting site ZipRecruiter.

    “By November 1, the jobs had plunged to 27,919 — down a third,” said the report.

    Jobs in the San Jose-Sunnyvale-Santa Clara metro area fell by a third, going from 28,421 tech job openings on January 1 to 18,748 on November 1.

    “We have seen labour market conditions deteriorate very substantially in a slice of the labour market,” Julia Pollak, ZipRecruiter chief economist, was quoted as saying. FTX Says Cryptocurrency Exchange Hacked, Over $600 Million Disappear A Day After Filing Chapter 11 Bankruptcy in US.

    Some people who were in earlier rounds of layoffs got jobs but even they are pessimistic about the current market.

    Several Indian-origin people are left in the lurch as the clock is ticking for them as they are on work visas.

    Himanshu V, an IIT-Kharagpur graduate who earlier worked at GitHub, Adobe and Flipkart, lost job at Meta.

    “I relocated to Canada to join #Meta and 2 days after joining, my journey came to an end as I am impacted by the massive layoff,” Himanshu said in a LinkedIn post.

    Raju Kadam, who worked at Meta for nine months, said he wasn’t expecting to be laid off as he had had “strong performance in all quarters” since joining the social network.

    “It abruptly came to an end. My clock to leave the USA has started today…help me find a job, otherwise I have to leave the USA with my kids,” Kadam said, posting a picture of his sons, Arjun and Yash, in the US.

    He said that he has been in the US for 16 years now and has seen the worst downturns, “but I never lost my job”.

    “I will do whatever in my power to give them the best opportunity to succeed in the USA. Hence, I need a new job in the USA ASAP,” Kadam posted on LinkedIn.

  • Twitter Layoffs: Employees, Sacked by Elon Musk, Get Emotional on Last Working Day, Share Group Selfies and Heartbreaking Messages With #OneTeam

    On Friday, several employees of Twitter, who were fired from their jobs amid Elon Musk’s global job cut order took to the microblogging site to share their views, vent out their frustrations and share last pictures from their workplace. Some employees shared happy memories while others were furious over the company’s decision to terminate employees as part of cost-cutting measures. Soon #OneTeam started to trend on Twitter. One user said, “I’m proud of the work we did,” while another user wrote, “So sad it had to end this way.” Twitter Layoffs: Employees Vent Their Frustrations Over Mass Termination Using Hashtag #OneTeam; See Reactions.

    Here’s how Twitter employees celebrated their last day.

    Last Teary Eyed Twitter Elevator Selfie

    Unbreakable Bonds With So Many Tweeps

    I’m Proud of the Work We Did

    So Sad It Had To End This Way

    (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and Morning Tidings Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of Morning Tidings, also Morning Tidings does not assume any responsibility or liability for the same.)

  • Twitter’s Future Is Uncertain, Says CEO Parag Agrawal; To Reportedly Get $42 Million if Sacked

    San Francisco/New Delhi: Parag Agrawal, the Indian-origin CEO of Twitter, will approximately get $42 million if Tesla CEO Elon Musk decides not to retain him at the helm. According to research firm Equilar, he will get an estimated $42 million if terminated within 12 months of being appointed as the CEO of the company. Donald Trump Won’t Return to Twitter, Will Use His Own Truth Social.

    Agrawal took over from Jack Dorsey in November 2021. After Musk bought Twitter for nearly $44 billion, Agrawal reportedly told employees at a town hall meeting that the future of the micro-blogging platform is now “uncertain”.

    He said that no layoffs were planned at this time, but admitted that he does not have all the answers as “this is a period of uncertainty” and he does not know which direction “the platform will go”.

    Twitter will become a privately-held company after the takeover deal is closed, and the company’s board will be dissolved, according to Bret Taylor, independent board chair at Twitter.

    Musk has already said that he doesn’t have faith in the management of Twitter. The decision to sell the platform to the Tesla CEO also signals that the board is somehow not convinced in Agrawal’s capabilities, as the company is not making enough profits.

    “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important,” Agrawal said in a statement late on Monday.

    Agrawal was previously Twitter’s chief technology officer (CTO) and his total compensation for 2021 was $30.4 million, according to reports.

    (The above story first appeared on Morning Tidings on Apr 26, 2022 11:41 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website morningtidings.com).