By Grace Carroll February 03, 2023 The Black tech wage gap is projected to jump 37% in the next decade, resulting in $51.3 billion in lost wages for Black workers each year, according to a report released Friday from the McKinsey Institute on Economic Black Mobility. The report predicts serious challenges to racial equity … Continue reading As tech layoffs weaken DEI efforts, the Black talent gap could widen dramatically by 2032
Instagram’s next feature might be a copy of BeReal Karissa Bell @karissabe Instagram is testing a new feature called Candid Challenges, which bears a striking resemblance to BeReal, a photo sharing app popular among Gen. Z. The currently unreleased feature was spotted by Alessandro Paluzzi, a developer known for reverse engineering apps and finding … Continue reading Instagram could be working on a paid verification feature
By Shalene Gupta February 01, 2023 On average, Black-owned businesses start with $35,000 in capital, compared to white-owned businesses, which start with $107,000, according to a McKinsey study. Yet Black-owned businesses could add a potential $190 billion to the economy, according to a new study by Shopify. Shopify interviewed over 500 Black entrepreneurs to understand … Continue reading Shopify: Black-owned businesses could add $190 billion to the economy but still struggle to get funding
Jon Fingas @jonfingas Samsung is holding its first Unpacked event of 2023 on February 1st, and many expect the Galaxy S23 family to be the centerpiece. The company has even teased a few details, such as camera and performance upgrades. But will this phone lineup be a major revision, or a modest yearly refresh? Let’s … Continue reading Samsung’s entry model Galaxy S23 could feature slower storage
More Business Openings Could Mean More Search Ads, Content by Laurie Sullivan @lauriesullivan, January 25, 2023 Business openings reached an all-time high in 2022, growing in 86% of states. The growth exceeded 2019 levels — particularly in the South, according to data released from Yelp. The rapid growth — up 12% compared with 2019 — … Continue reading More Business Openings Could Mean More Search Ads, Content
Meta is laying off more than 11,000 employees Karissa Bell @karissabe Meta is reducing the size of its workforce by about 13 percent and letting more than 11,000 of its employees go in the first mass layoffs in the company’s history. Mark Zuckerberg has announced the move in a message to employees, which Meta … Continue reading Microsoft could lay off as many as 11,000 employees this week
TikTok’s Offer To Share Algorithm Details Could Set Precedent For Adland by Laurie Sullivan @lauriesullivan, January 16, 2023 TikTok reportedly revealed to Washington lawmakers and civil-society organizations details of a $1.5 billion plan to reorganize the company’s U.S. operations. The hope is that the reorganization and increased oversight of its content-recommendation algorithms will convince Washington … Continue reading TikTok’s Offer To Share Algorithm Details Could Set Precedent For Adland
By Kristin Toussaint January 11, 2023 Since the passage of the National Labor Relations Act (NLRA) in 1935, workers in the United States have had the protected right to strike and to organize unions—and that protection has been a powerful tool. But a case the Supreme Court heard on Tuesday could upend that right, allowing … Continue reading How the Supreme Court could severely limit workers’ right to strike
Apple’s upcoming mixed reality headset will reportedly run ‘xrOS’ Mariella Moon @mariella_moon Apple has internally changed the name of its upcoming mixed reality headset’s accompanying software from “realityOS” to “xrOS,” according to Bloomberg’s Mark Gurman. As the reporter notes, the new name better represents the software’s capabilities: “XR,” after all, stands for extended reality, … Continue reading Apple’s long-rumored mixed reality headset could finally debut this spring
By Jennifer Alsever January 06, 2023 The uber-tight labor market has prompted employers to speed up the hiring process to land the best candidates before they disappear—and increasingly, software is helping to make those job offers. Speed is everything in today’s job market. The nation’s unemployment rate held steady at 3.7% in November, the … Continue reading AI-powered speed hiring could get you an instant job, but are employers moving too fast?
