Business Operations

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The FTC is mailing checks to over 41,000 consumers, totaling $1.1M, to settle a fraudulent ‘free trial’ scheme.
Ride sharing company Lyft plans to layoff over 1,200 employees, or about 30% of total workforce. This is the third round of layoffs in a
BuzzFeed News is shutting down. News will now be reported under the HuffPost brand, and BuzzFeed will lay off 15% of staff.
Consumer spending growth is slowing, ChatGPT allegedly made up fake Guardian articles, Snapchat+ grows to 3M subscribers.
Despite challenging macroeconomic conditions, Amazon president and CEO Andy Jassy is optimistic about the company’s future.
Disney begins first wave of layoffs by cutting top execs including Isaac Perlmutter of Marvel Entertainment.
Twitter is making more changes, including removing “verified” status for legacy users who aren’t subscribed to Twitter Blue.
Chewy will cut 522 jobs when they close their oldest fulfillment center in Silver Spring Township, Pennsylvania in June.
Interactive streaming platform Twitch will cut 400 jobs as part of Amazon’s latest round of layoffs.
For the third time since November 2022, Amazon announces 9,000 more job cuts, bringing total job cuts to 28,000.

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