Risks Of CEO’s Pet Project Work
Tech Companies Fund Long-term Projects, But Recent Layoffs Have Impacted These Efforts
At tech companies, employees used to be able to take risks with ambitious projects championed by the boss without worrying about job security. But now, with mass layoffs due to economic changes and executive transitions away from founders, workers are questioning if their leaders are marching them off a cliff or creating the future. Companies like Amazon and Google have cut teams working on projects such as Alexa voice system and autonomous vehicles respectively. Workers remain hopeful about projects that can be transformative for customers but are increasingly wary of taking on risky ventures.
Read more here:
Current Trending Score: 7
What else is trending right now?
1. Biden Is Set to Detail at Least $2 Trillion in Measures to Reduce Deficits
Current Trending Score: 4
President Biden is proposing policies to reduce federal budget deficits by at least $2 trillion over the next 10 years. His plans involve tax increases on corporations and high earners, savings from spending reductions, and expanding legislation to negotiate the price of prescription drugs. He has refused to negotiate with Republicans over raising the debt limit unless they agree not to cut Social Security or Medicare benefits. Mr. Biden’s proposals are unlikely to be fully enacted, as Republicans oppose his tax plans and have attempted to repeal his Medicare savings measure in 2020. The Congressional Budget Office projects deficits will continue growing for a decade, resulting in gross federal debt of nearly $52 trillion by 2033; if Mr White House Press Secretary Karine Jean-Pierre states that President Biden understands fiscal responsibility and will put forward a responsible budget plan without outlining specifics on how he arrived at it or what risks the current levels of debt present for the economy
2. The House in New York Where ‘Legs’ Diamond Was Killed Is for Sale
Current Trending Score: 3
William Kennedy, Pulitzer Prize-winning novelist and owner of the house in Albany where Jack “Legs” Diamond was shot in 1931, believes that a couple of policemen were responsible for the murder. The house is now up for sale with Coldwell Banker Prime Properties as listing agent. Mr. Kennedy has spent almost 40 years using it as a pied-à-terre and writing studio, producing much work there including his novel “Legs”. His wife Dana Sosa is suffering from Alzheimer’s disease so he has decided to sell the property which includes an adjacent garage and original rose wallpaper in the bedroom closet.
3. House Republicans Prepare to Slash Spending in Budget Showdown
Current Trending Score: 3
House Republicans are preparing a plan to reduce the nation’s foreign aid budget and make deep cuts to health care, food assistance and housing programs for people living in poverty. They want to balance the federal budget without touching Social Security or Medicare. This would involve cutting programs like Section 8 housing, adding work requirements for Medicaid and food stamps, reducing F.B.I counterintelligence funds by nearly half, eliminating Obamacare expansions for Medicaid and phasing out Pell grants for low-income students whose families cannot contribute any money towards college education. Democrats have called this an “outright war on middle-class America” while Republicans argue that it is necessary in order to reduce debt levels of $32 trillion dollars which they believe can only be done if discretionary spending is reduced significantly.
4. For Women in Afghanistan, the War’s Terror Gives Way to New Fears
Current Trending Score: 2
After decades of war, the Taliban’s takeover of Afghanistan in August 2021 ended with women among the most profoundly affected. The new government issued edicts that restricted women from public life and caused tension between Western donors and Islamic governments, leading to a humanitarian crisis. Women across the country have reported feelings of loss, grief and rage due to their diminished hopes for freedom. Many have been barred from attending school or working outside their homes while facing strict hijab mandates enforced by police officers on the streets. Despite these restrictions and economic hardship, many Afghan women continue to find ways to fight for rights; some attend secret schools while others organize protests or meet with local officials in an attempt to negotiate exemptions for celebrations like International Human Rights Day.
5. More Black Women Run for Office, but Prospects Fade the Higher They Go
Current Trending Score: 2
Barbara Lee is running for a Senate seat in California, and the race will be one of the most competitive and expensive. She faces a “glass ceiling” for Black women in politics, with two having ever served in Congress’ 233-year history. The environment has become increasingly toxic and divisive, with racism and sexism making it difficult to raise money or win office. Despite these challenges, Black women are gaining support networks that have helped them make headway in hard-to-win places. Ms Lee’s campaign hopes to challenge preconceptions about what qualifies someone to serve as senator by drawing on her successful past experience challenging school rules as a high school student.
Every hour The Top News Review features the top news going viral right now according to objective data.
The links above currently have the highest trending score (respectively) on BuzzSumo over the past hour, filtered for reliable journalism.
Monitor us hourly to be the first to know what’s influential online.
AI Disclaimer
Medium welcomes the responsible use of AI-assistive technology. This article used editorial assistance from GPT-3.
