San Francisco, Feb 2 (Ians) Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.
The move affected less than 5 per cent of Pinterest’s total workers, reports Bloomberg, citing sources.
“We’re making organisational changes to further set us up to deliver against our company priorities and our long-term strategy,” a Pinterest spokeswoman, was quoted as saying.
“Our employees are the heart of how we’re able to serve our Pinners around the world. All of the employees who were impacted contributed to Pinterest and as they transition, we’re committed to supporting them with separation packages, benefits and other services,” she added.
The photo-sharing social media company had about 4,000 employees as of the end of the third quarter, said the report.
Moreover, the report mentioned that the job cuts came from teams across the US-based company, though not all were affected to the same degree.
The move affected less than 5 per cent of Pinterest’s total workers, reports Bloomberg, citing sources.
“We’re making organisational changes to further set us up to deliver against our company priorities and our long-term strategy,” a Pinterest spokeswoman, was quoted as saying.
“Our employees are the heart of how we’re able to serve our Pinners around the world. All of the employees who were impacted contributed to Pinterest and as they transition, we’re committed to supporting them with separation packages, benefits and other services,” she added.
The photo-sharing social media company had about 4,000 employees as of the end of the third quarter, said the report.
Moreover, the report mentioned that the job cuts came from teams across the US-based company, though not all were affected to the same degree.
- 2/2/2023
- by News Bureau
- GlamSham
San Francisco, Feb 1 (Ians) Digital payments company PayPal has announced it is laying off 2,000 full-time employees, or about 7 per cent of its global workforce, to address the “challenging macroeconomic environment.”
PayPal President and CEO Dan Schulman said that these job reductions will occur over the coming weeks, with some organisations impacted more than others.
“We will treat our departing colleagues with the utmost respect and empathy, provide them with generous packages, engage in consultation where required, and support them with their transitions,” he wrote in a message shared with PayPal employees late on Tuesday.
He said that while the company made substantial progress in right-sizing its cost structure and focused resources on core strategic priorities, “we have more work to do”.
“We must continue to change as our world, our customers, and our competitive landscape evolve. Addressing these changes requires us to make hard decisions that will impact some of our colleagues,...
PayPal President and CEO Dan Schulman said that these job reductions will occur over the coming weeks, with some organisations impacted more than others.
“We will treat our departing colleagues with the utmost respect and empathy, provide them with generous packages, engage in consultation where required, and support them with their transitions,” he wrote in a message shared with PayPal employees late on Tuesday.
He said that while the company made substantial progress in right-sizing its cost structure and focused resources on core strategic priorities, “we have more work to do”.
“We must continue to change as our world, our customers, and our competitive landscape evolve. Addressing these changes requires us to make hard decisions that will impact some of our colleagues,...
- 2/1/2023
- by News Bureau
- GlamSham
Mother Jones Publishes List Of Questions It Asked Bill O’Reilly About His Wartime Reporting – Update
Update 10:50 Am: Mother Jones has published the list of questions it sent to Fox News and to its primetime star Bill O’Reilly before publishing an article by David Corn and Daniel Schulman in which it says it has documented how Fox News host Bill O’Reilly has “mischaracterized his wartime reporting experience.” Previously: The editors in chief at Mother Jones this morning sent this email/letter to Fox News Evp Programming Bill Shine and one of the network’s communications…...
- 2/20/2015
- Deadline TV
The New York Yankees fan who is suing Espn and game announcers for $10 million after broadcasting him sleeping during a game said he's “not sure” what he actually wants to come out of the lawsuit, and a simple apology could “possibly” be enough. Andrew Rector appeared on NBC's “Today” show on Friday to discuss the defamation suit, and struggled to explain (above) what exactly Espn commentators John Kruk and Dan Shulman said about him that was so offensive. See video: Comedian Frank Caliendo Channels Morgan Freeman to Perform ‘The LeBron James Redemption’ (Video) “Put yourself in my shoes,” Rector said.
- 7/25/2014
- by Greg Gilman
- The Wrap
What started as a joke has now turned into a multi-million dollar fiasco. Andrew Rector may have briefly fallen asleep during a New York Yankees game, but he's not amused by comments made by two Espn announcers, Dan Shulman and John Kruk. Rector has filed a $10 million defamation suit against not only the commentators, but Espn as a whole, as well as the Mlb. He claims that he was subjected to an "unending verbal crusade" by Shulman and Kruk, and that the jokes made at his expense caused him "emotional distress." The court documents also claim that , "Espn cameras focused on the plaintiff, Announcers like Dan Shulman and John Kruck unleashed avalanche of disparaging words...
- 7/8/2014
- E! Online
The New York Yankees and Boston Red Sox rivalry is one of the oldest and fiercest rivalries in sports, but that didn't stop one fan from falling asleep during the action. A disgruntled Yankees fan has filed a $10 million lawsuit against Espn commentators Dan Shulman and John Kruk claiming they made fun of him when he nodded off during a game at Yankee Stadium. Andrew Robert Rector had a rude awakening when he realized that his nap time during the fourth inning of the Yankees-Red Sox game April 13 had been caught on camera and sparked comments from Sunday
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- 7/7/2014
- by Debbie Emery
- The Hollywood Reporter - Movie News
American Express is joining the ranks of old-school credit card companies that have realized they need to embrace the future of digital transactions. Its new Serve platform enables novel digital payments that threaten PayPal and pave the way for Nfc.
The new system acts like an extra layer between AmEx and its clients' own cash facilities--be they another credit card, a debit card (even a competitor's one) or a bank account. The idea is that it'll facilitate digital transactions online, cash extraction from ATMs, and person-to-person payments from a computer or smartphone.
If that sounds unremarkable, that's because it's intended to be so, at least at first. Serve's genesis is simply a traditional payment-clearing system that'll work anywhere an existing AmEx card is accepted. But the system is actually all about infrastructure changes and a more future-focused business model inside American Express itself, and ultimately the company will evolve the...
The new system acts like an extra layer between AmEx and its clients' own cash facilities--be they another credit card, a debit card (even a competitor's one) or a bank account. The idea is that it'll facilitate digital transactions online, cash extraction from ATMs, and person-to-person payments from a computer or smartphone.
If that sounds unremarkable, that's because it's intended to be so, at least at first. Serve's genesis is simply a traditional payment-clearing system that'll work anywhere an existing AmEx card is accepted. But the system is actually all about infrastructure changes and a more future-focused business model inside American Express itself, and ultimately the company will evolve the...
- 3/28/2011
- by Kit Eaton
- Fast Company
Have some bite-sized bits of TV news as you settle in to watch tonight's prime-time lineup.
NBC celebrated the 45th anniversary of its soap opera "Days of Our Lives" Monday (Nov. 8) by renewing the show for two more years. It will continue through at least the 2012-13 season. [NBC]
Former "Access Hollywood" host Nancy O'Dell has been tapped ring in 2011 on Fox's "New Year's Eve Live." She'll be counting down the year from the Mandalay Bay resort in Las Vegas; the special will also include live music and coverage of the ball drop in New York's Times Square. [Fox]
Speaking of Fox: The network has ordered a game show called "Million Dollar Money Drop," in which contestants are given a million bucks at the start of the game, then have to answer questions correctly in order to keep it. It premieres Dec. 20 with comedian Kevin Pollak as host. [Fox]
Goran Visjnic will guest...
NBC celebrated the 45th anniversary of its soap opera "Days of Our Lives" Monday (Nov. 8) by renewing the show for two more years. It will continue through at least the 2012-13 season. [NBC]
Former "Access Hollywood" host Nancy O'Dell has been tapped ring in 2011 on Fox's "New Year's Eve Live." She'll be counting down the year from the Mandalay Bay resort in Las Vegas; the special will also include live music and coverage of the ball drop in New York's Times Square. [Fox]
Speaking of Fox: The network has ordered a game show called "Million Dollar Money Drop," in which contestants are given a million bucks at the start of the game, then have to answer questions correctly in order to keep it. It premieres Dec. 20 with comedian Kevin Pollak as host. [Fox]
Goran Visjnic will guest...
- 11/9/2010
- by editorial@zap2it.com
- Zap2It - From Inside the Box
The question about former U.S. Sen. Bob Kerrey taking the former Jack Valenti role at the MPAA as Hollywood's chief lobbyist is not if but when.
Two months after he was offered the job, and a week after confirming on a radio show that he was in final negotiations, THR has learned that the deal is all but done. His compensation of about $1.2 million a year and job description appear set. The unanswered question is when he will come on board as the movie and TV industry's global face and spokesman.
"I do think it's a done deal," a Washington insider with strong ties to Hollywood said Thursday. "It's just a question of picking a starting date."
That might be why the often impatient major studio chiefs on the search committee -- a group that includes Warner Bros.' Barry Meyer, Sony's Michael Lynton, Fox's Jim Gianopulos and Disney's...
Two months after he was offered the job, and a week after confirming on a radio show that he was in final negotiations, THR has learned that the deal is all but done. His compensation of about $1.2 million a year and job description appear set. The unanswered question is when he will come on board as the movie and TV industry's global face and spokesman.
"I do think it's a done deal," a Washington insider with strong ties to Hollywood said Thursday. "It's just a question of picking a starting date."
That might be why the often impatient major studio chiefs on the search committee -- a group that includes Warner Bros.' Barry Meyer, Sony's Michael Lynton, Fox's Jim Gianopulos and Disney's...
- 7/23/2010
- by By Alex Ben Block and Georg Szalai
- The Hollywood Reporter - Movie News
Espn.s 2009-10 men.s college basketball telecasts will feature experienced commentators in familiar and new roles, highlighted by the return of two Basketball Hall of Famers: * Dick Vitale, in his 31st season with Espn, will continue to call top games from various conferences, including an Acc game on Wednesday nights, the weekly Saturday Primetime series and will provide post-season studio analysis. He will primarily work with play-by-play voice Dan Shulman. * Bob Knight will move to the weekly Big Monday Big 12 game with Brent Musburger and reporter Holly Rowe and various non-conference games throughout the season. He will continue to appear weekly on College GameDay Driven by State Farm, including on-site on select weeks, and provide post-season studio...
- 10/18/2009
- by April MacIntyre
- Monsters and Critics
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