Tag Archives: Business

Verizon confirms plans to lay off 13,000 employees

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Verizon is set to lay off more than 13,000 employees and every part of the company will be going through some changes, CEO Dan Schulman has confirmed. The company is reducing its headcount and cutting back on outsourcing and other external labor expenses in service of "building a stronger Verizon," Schulman wrote in a memo to staff. The company will also convert 179 retail stores that it owns into franchised outlets and it will close one store.

In September, Verizon said it had around 100,000 full-time employees, so the layoffs constitute about 13 percent of the workforce. Over the previous three years, Verizon had cut about 20,000 jobs. Meanwhile, a $20 billion takeover of telecoms company Frontier Communications is set to close early next year.

It was reported last week that Verizon was set to cull around 15,000 jobs as part of a cost-cutting drive in the face of sterner competition and a drop in postpaid wireless customers. Schulman — a former PayPal CEO who took on his current job in October — indicated during an earnings call last month that the company would “take bold and fiscally responsible action to redefine Verizon's trajectory at this critical inflection point for our company. These will not be incremental changes."

In Thursday’s memo, Schulman framed the downsizing as an attempt to create a leaner, more customer-focused operation. “As a customer-first culture, we have to align our teams and resources to create new value for customers and build a faster, stronger and more proactive Verizon,” Schulman wrote. “To do that, we must simplify our operations to address the complexity and friction that slow us down and frustrate our customers.”

Verizon says it has set up a $20 million reskilling and career transition fund to support the workers it’s turfing out. “This fund will focus on skill development, digital training and job placement to help our people take their next steps,” Schulman claimed. “Verizon is the first company to set up a fund to specifically focus on the opportunities and necessary skill sets as we enter the age of AI.”

This article originally appeared on Engadget at https://www.engadget.com/big-tech/verizon-confirms-plans-to-lay-off-13000-employees-144608021.html?src=rss

Waymo is coming to five more cities

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Waymo is launching in five new cities across Texas and Florida. Autonomous vehicles in Miami, Dallas, Houston, San Antonio, and Orlando will begin accepting rides next year.

The Alphabet-owned company said operations (sans passengers) will begin on Tuesday in Miami. The other cities will follow "over the coming weeks." This phase is where the vehicles drive around town without anyone inside. That gives the company a chance to spot local quirks and adjust the driving algorithm accordingly.

Waymo said this local adjustment phase requires fewer changes with each added city. "This data feeds into a flywheel of continuous improvement, bolstered by rigorous validation through real-world driving and advanced simulation, then implemented through regular software releases," it wrote. The company claims its robotaxis are involved in 11 times fewer serious injury accidents than human drivers.

Waymo's autonomous vehicles currently accept passengers in the San Francisco Bay Area, Los Angeles, Phoenix, Atlanta and Austin. The list of "up next" cities is much longer, including a recently announced expansion into San Diego, Detroit and Las Vegas.

This article originally appeared on Engadget at https://www.engadget.com/transportation/waymo-is-coming-to-five-more-cities-190000992.html?src=rss

Meta has won the antitrust case that could have forced it to spin off Instagram and WhatsApp

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Meta has successfully avoided what was once the biggest existential threats to its company. A federal judge has sided with the social media company in a landmark antitrust case, ruling on Tuesday that the Federal Trade Commission (FTC) had not proven that Meta is a monopoly.

The FTC filed antitrust charges against Meta, then known as Facebook, in 2020 during President Donald Trump's first term. The government had argued that by acquiring its one-time rivals, Instagram and WhatsApp, the company had hurt US consumers by stifling competition in the social media industry. Meta had argued that those services were only able to grow to the 1 billion-user apps because of its investment and had cited the rise of TikTok as proof that it continues to face strong competition.

On Tuesday, US District judge James Boasberg ruled in favor of Meta. "Whether or not Meta enjoyed monopoly power in the past, though, the agency must show that it continues to hold such power now," he wrote. "The Court’s verdict today determines that the FTC has not done so."

If the FTC had succeeded, it could have called for Meta to unwind its acquisitions of WhatsApp and Instagram. "We are deeply disappointed in this decision,” the FTC’s director of public affairs Joe Simonson said in a statement. “The deck was always stacked against us with Judge Boasberg, who is currently facing articles of impeachment. We are reviewing all our options." The FTC could still appeal the ruling, though it’s not clear if it plans to do so.

"The Court's decision today recognizes that Meta faces fierce competition,” a Meta spokesperson said in a statement. “Our products are beneficial for people and businesses and exemplify American innovation and economic growth. We look forward to continuing to partner with the Administration and to invest in America."

A number of current and former high-profile executives, including Adam Mosseri, Sheryl Sandberg, Kevin Systrom and Mark Zuckerberg testified during the weeks-long trial earlier this year. In his testimony, Zuckerberg spoke about the immense pressure Meta felt from TikTok, saying that Meta's growth had "slowed down dramatically" as TikTok became more popular. 

It turns out that Meta's defense that TikTok and YouTube are major competitors to it helped sway Judge Boasberg. While the FTC's lawyers had tried to claim that Meta had a monopoly on "personal social networking" apps — a narrow group it said included Snapchat and the decentralized app MeWe — Boasberg was unable to ignore the dominance of TikTok and YouTube.

"PSN [personal social networking] apps may have been a market unto themselves when the FTC filed this case in 2020 or when it approved Facebook’s acquisitions of Instagram and WhatsApp in 2012 and 2014," he wrote. "That is no longer the case. The Court ultimately finds that YouTube and TikTok belong in the product market, and they prevent Meta from holding a monopoly.  Even if YouTube is out, including TikTok alone defeats the FTC’s case."

Update, November 18, 20225, 12:08PM PT: Added a statement from the FTC.

This article originally appeared on Engadget at https://www.engadget.com/social-media/meta-has-won-the-antitrust-case-that-could-have-forced-it-to-spin-off-instagram-and-whatsapp-184320742.html?src=rss

Tesla wins bid to decertify class action lawsuit alleging racial discrimination

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Tesla has secured a ruling to strip a 2017 lawsuit claiming a racist work environment of its class-action status, as reported by Reuters. California Superior Court Judge Peter Borkon, appointed by Gov. Gavin Newsom in 2021, ruled that the lawsuit could not proceed with class-action status because the plaintiffs' attorneys had failed to find 200 class members willing to testify. The judge said he could not assume that the experiences of a select group of workers could be applied to the entire class of would-be plaintiffs.

The 2017 lawsuit began with a single employee who filed suit alleging Tesla's Fremont production floor was a "hotbed for racist behavior," and that over 100 employees had experienced racial harassment.

In 2024, a lower court judge ruled the case could move forward as a class action, a decision that Tesla had been appealing since. A trial in the case was scheduled to begin in April, though now that the case has lost its class-action status, each plaintiff would have to bring their case against Tesla separately.

This is not the first time that Tesla has found itself in court over alleged racial misconduct. In 2023, the automaker was sued by the US Equal Employment Opportunity Commission over allegations that Black employees were subjected to racial slurs and retaliation.

Last year, Tesla reached a confidential settlement with a single employee who said he faced discrimination at the same California plant, reporting that his coworkers left drawings of swastikas and racist figures on his workspace.

This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/tesla-wins-bid-to-decertify-class-action-lawsuit-alleging-racial-discrimination-191256294.html?src=rss

Jeff Bezos will head a new engineering-focused AI startup called Project Prometheus

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Jeff Bezos is spearheading a new AI started called Project Prometheus, focused on his current interests in space and engineering, The New York Times reports. The company, which has yet to be made public, will reportedly have $6.2 billion in funding. Part of that sum will come from Bezos, who will act as co-CEO. 

Project Prometheus will reportedly focus on creating AI systems that gain knowledge from the physical world, rather than just processing digital information, like AI chatbots. In particular, the company will reportedly explore how AI can support engineering and manufacturing in areas such as vehicles and space technology. Bezos founded space technology company Blue Origin more than two decades ago. The company's New Glenn rocket had a successful second flight last week. 

He is joined by Vik Bajaj as co-founder and co-CEO. Bajaj is a physicist and chemist who worked on projects at Google X including Wing and what became Waymo. In 2018, he co-founded Foresite Labs, which supports entrepreneurs in the fields of AI and data science. Bajaj is still named as CEO of Foresite Labs on the company's website and his LinkedIn page — the latter of which also shows his new titles at Project Prometheus. Bajaj lists his involvement in the new company as starting this month and puts San Francisco, London and Zurich as its locations. 

On its bare LinkedIn page, Project Prometheus' overview states only "AI for the physical economy." It also lists itself as a "Technology, Information and Internet" company with 51-200 employees. According to The New York Times, Project Prometheus has hired nearly 100 people, with some employees coming from fellow AI companies like OpenAI and DeepMind. 

This article originally appeared on Engadget at https://www.engadget.com/ai/jeff-bezos-will-head-a-new-engineering-focused-ai-startup-called-project-prometheus-122115977.html?src=rss

A federal jury ruled that Apple has to pay $634 million for infringing smartwatch patents

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In a longstanding and complicated legal battle between Apple and Masimo, a recent ruling from a California jury may be the first step towards a certain conclusion. As reported by Reuters, a federal jury sided with Masimo, a medical tech company known for its patient monitoring devices, when it said that Apple infringed on the company's patent for technology that tracks blood-oxygen levels.

The case revolves around whether Apple violated Masimo's patent related to blood-oxygen sensors, which the jury claimed can be seen with the Apple Watch's Workout and Heart Rate apps. According to Reuters, Apple disagreed with the verdict, adding that "the single patent in this case expired in 2022, and is specific to historic patient monitoring technology from decades ago." The tech giant is reportedly planning to appeal the decision. 

While there may be some closure with this California lawsuit, Apple and Masimo are entangled in a web of related but separate lawsuits. Masimo first accused Apple of infringing on its pulse oximeter patents, leading to Apple temporarily halting sales of its Series 9 and Ultra 2 smartwatches. In August, Apple redesigned its blood-oxygen monitoring feature and rolled it out to the Series 9, Series 10 and Ultra 2. The redesign was approved by the US Customs and Border Protection, but Masimo filed a suit against the agency for overstepping its authority by allowing the sale of these updated Apple Watches without input from Masimo.

This article originally appeared on Engadget at https://www.engadget.com/wearables/a-federal-jury-ruled-that-apple-has-to-pay-634-million-for-infringing-smartwatch-patents-202846266.html?src=rss

Google ordered to pay $665 million for anticompetitive practices in Germany

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Google may have to fork over 572 million euros, or nearly $665 million, to two German companies for "market abuse," according to a recent ruling from a Berlin court. First reported by Reuters, the tech giant was ordered to pay approximately 465 million euros, or approximately $540 million, to Idealo and another 107 million euros, or roughly $124 million, to Producto, both of which are price comparison platforms based in Germany. According to the ruling, Google abused its dominant market position by favoring Google Shopping in its own search results.

Idealo pursued legal action against Google, claiming that the Alphabet subsidiary was "self-preferencing" its own platforms, which led to unfair market advantages that hindered competitors. The company first demanded at least 3.3 billion euros, or more than $3.8 billion, in damages in February 2025. To counter, Google said it made changes in 2017 that allowed competing shopping platforms the same opportunity as Google Shopping to display ads through Google Search.

Idealo said in a press release that it will continue the legal pressure on Google, claiming that "the amount awarded reflects only a fraction of the actual damage." Albrecht von Sonntag, co-founder and member of Idealo's advisory board, added in a press release that "abuse of dominance must have consequences and must not be a profitable business model that pays off despite fines and damages."

It's not the first time Google has found itself in legal trouble in Europe. Beyond Google Shopping, Google was accused of favoring its own Google Flights and Google Hotels in search results, leading the European Union to threaten massive fines for violating its Digital Markets Act. A month prior, the European Commission fined Google nearly 3 billion euros, or more than $3.4 billion, for its anticompetitive practices in the advertising tech industry.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/google-ordered-to-pay-665-million-for-anticompetitive-practices-in-germany-184505191.html?src=rss

Verizon may cut 15,000 jobs next week

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The Wall Street Journal reported that Verizon plans to cut about 15,000 jobs over the next week. Sources told the publication that Verizon is attempting to reduce costs as it faces more competition for wireless service and home internet customers. At the reported scope, this would be the largest reduction in history for the telecom company. 

Verizon leadership indicated that a sea change was coming in its third-quarter financial report last month, although many of the figures for the period were positive. The company's net income reached $5.1 billion and most other metrics showed year-on-year growth. However, Verizon did a marked drop in postpaid wireless customers, losing 7,000 customers in that segment compared with a gain of 18,000 in Q3 2024. "We are going to take bold and fiscally responsible action to redefine Verizon's trajectory at this critical inflection point for our company," CEO Dan Schulman said. "These will not be incremental changes." 

According to WSJ, most of the coming cuts will take the form of layoffs, but Verizon may also look to reduce employee count by turning about 200 stores into franchise locations.

This article originally appeared on Engadget at https://www.engadget.com/mobile/verizon-may-cut-15000-jobs-next-week-214143406.html?src=rss

Google sues group running massive SMS scam operation

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Google has filed a lawsuit against a group of Chinese hackers running a platform called “Lighthouse” that sells phishing services for a monthly fee. The group offers clients its services to launch massive phishing and smishing (SMS phishing) campaigns. Google says the bad actors typically send out emails or text messages that link to fake websites pretending to be legitimate pages of established brands like USPS and E-Z Pass, in order to trick people into keying in their log-ins and other sensitive details. The company found at least 107 sign-in screen templates with Google branding, designed to steal people’s log-in information.

In its announcement, Google said that one million people from 121 countries have fallen victim to the online scams that used Lighthouse and that the bad actors have already stolen $1 billion. In the US alone, they’ve gotten their hands on between 12.7 million and 115 million credit card numbers. The most popular scheme involves pretending to be the USPS and telling victims that they’d have to pay for the redelivery of a package stuck at the post office.

As The Financial Times reports, Google cited data from cybersecurity company Silent Push in its lawsuit as an example, stating that Chinese criminal group “Smishing Triad” used Lighthouse earlier this year to create 200,000 fake websites. Those websites apparently received 50,000 visits a day and compromised millions of US credit cards within a 20-day period. The company is bringing claims under the US Racketeer Influenced and Corrupt Organizations Act, the Lanham Act, and the Computer Fraud and Abuse Act. If the company wins, it would allow Google to work with carriers and website hosts to take down the operation’s domain and servers.

In addition to filing the lawsuit, Google is also backing bipartisan bills in Congress that take aim at foreign cybercriminals. One bill would enable state and local law enforcement to use federal grant funding to investigate financial fraud targeting retirees. Another aims to establish a task force to block foreign robocalls in the US. The last one targets scam compounds, or centers that serve as bases for scam operations, and intends to provide support to the survivors who were trafficked and forced to work for those centers.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/google-sues-group-running-massive-sms-scam-operation-133000168.html?src=rss

Peloton recalls 833,000 Bike+ units after reports of seat posts breaking

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Peloton is recalling 833,000 units of the original Bike+ over a safety issue related to the seat post. The Consumer Product Safety Commission (CPSC) said the company received three reports of the seat post breaking during use, including two reports of injuries sustained "due to a fall."

The CPSC said owners of the original Bike+ should stop using the device immediately and contact Peloton for a free replacement seat post that they can install themselves. You can identify whether your Bike+ is part of the recall if you see a serial number that starts with "T" — for instance, TABCSSXXXXX — inside the front fork, behind the front fork or behind the flywheel.

The recall affects all of the original Bike+ units that Peloton sold in the US. The company said it had not received reports of a seat post breaking on any of the 44,800 units it sold in Canada. Peloton made the original Bike+ between 2019 and 2022. CNBC notes that the company was still selling those bikes until April this year.

Peloton also had to recall 2.2 million base Bike units in May 2023 over a seat post issue. At the time, the CSPC said there were 35 reports of the seat post breaking during use, with 13 reports of related injuries. 

The company refreshed its lineup last month, adding new features such as an AI-powered camera that’s designed to check users' form. The new Cross Training versions of Peloton's exercise machines came with a price hike. The company increased subscription prices too.

This article originally appeared on Engadget at https://www.engadget.com/home/peloton-recalls-833000-bike-units-after-reports-of-seat-posts-breaking-151324141.html?src=rss