Streetbeat News

Labor Issues

KTRA

Kintara Therapeutics announced that CFO Scott Praill resigned on May 30.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:34 pm

AMZN

Amazon has lost three key leaders this week, including Melissa Nick, VP of North America customer fulfillment, Chris Vonderhaar, VP of Amazon Web Services data center, and Puneet Chandok, head of AWS in India and South Asia. The departures come amid reports of a mass employee walkout and recent operational changes.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 12:33 pm

SPY

The US unemployment rate for May increased to 3.7%, higher than the estimated 3.5% and the previous month's 3.4%.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:32 pm

AAPL

GOOG

MSFT

Apple, Microsoft, and Google offer some of the highest salaries in Silicon Valley, attracting top talent and delivering cutting-edge technology advancements. Data from work-visa applications reveals Apple had the highest pay floor at just over $102,000, while Google and Microsoft offered salaries as low as $55,000 and $77,000, respectively.

Portfolio Pulse from Adam Eckert

June 02, 2023 | 12:22 pm

BA

Boeing CEO Dave Calhoun stated that resolving supply chain constraints is frustratingly slow and aircraft will still be constrained 5 years from now due to demand from airlines. The 787 Dreamliner is sold through 2026, and it's hard to predict the eventual production rate for the 777x.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:17 pm

MEIP

MEI Pharma announced the departure of President and CEO Daniel Gold, with David Urso appointed as his successor effective June 2.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:03 pm

AAPL

Apple is ramping up its hiring efforts for generative AI engineers, according to Apple Insider. This move indicates the company's focus on expanding its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:17 am

AMZN

INDA

Puneet Chandok, the head of Amazon's cloud division AWS in India, has resigned from his position, according to a company spokesperson.

Portfolio Pulse from Charles Gross

June 02, 2023 | 8:43 am

AMZN

GOOG

GOOGL

META

Meta Platforms Inc. has announced a change in its remote work policy, requiring employees to work from the office three days a week starting in September. This move is a departure from Meta's previous remote-first approach and follows similar decisions by other tech companies like Amazon and Alphabet.

Portfolio Pulse from Ananya Gairola

June 02, 2023 | 5:41 am

ATVI

MSFT

Activision Blizzard CEO Bobby Kotick denies systemic harassment issues within the company, ahead of the two-year anniversary of the lawsuit accusing the publisher of sexual harassment and discrimination. This comes as the company prepares for the launch of Diablo IV and a potential $69 billion acquisition deal with Microsoft.

Portfolio Pulse from Franca Quarneti

June 01, 2023 | 10:53 pm