10 things in tech: Amazon turnover, Airbnb payouts, Intel salaries
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1. Amazon burns through workers so quickly that execs worry they'll run out of people to employ. The company has been on a massive hiring spree, but those employees are quitting almost as fast as they can be hired, according to The New York Times. More on Amazon's 150% turnover rate.
2. Pink Floyd's Roger Waters said he won't let Facebook use one of the band's songs. The company offered a lot of money to use "Another Brick in the Wall, Part 2" in an Instagram ad, Waters said. Why he told Facebook "No f—ing way."
3. Top Uber execs are discussing easing up on its return-to-office plans after a backlash. Under the current policy, employees are required to be in the office three days a week starting in September – but a new idea would allow a few members from each team to be fully remote. Read more from our exclusive report.
4. Airbnb spends $50 million a year on guests and hosts who have bad experiences. And not just because the rental didn't look like the pictures – that money has included counseling sessions, patching bullet holes, and hiring body-fluid crews to clean up blood. Here are some examples of Airbnb's payouts.
5. Larry Ellison's indoor farming company is working toward feeding the world. Sensei Ag's Tesla solar-powered greenhouses grow produce that's distributed throughout Hawaii – and soon, its CEO hopes, the world. Take a look at the company's plans.
6. SpaceX president Gwynne Shotwell said the company has a "no a–hole" policy. This stops staff shutting down conversations and allows people to propose big ideas, she said. Here's what else she said.
7. World Wide Web creator Tim Berners-Lee is auctioning his source code as an NFT. The NFT includes the source code, which is about 9,555 lines long, as well as an animation and a letter written by Berners-Lee. Get the full rundown here.
8. Antivirus mogul John McAfee said he'll spend the rest of his life in prison if he's extradited to the US. McAfee, who is currently in Spain, is wanted in Tennessee for tax-related charges for his alleged failure to disclose income. Read up on his arrest and testimony.
9. How much does Intel pay its employees? We examined how much the chip giant pays engineers, managers, and more as it aims to turn around slowing growth and invests $20 billion in building new US factories. Here's a peek at the salaries.
10. Steve Burns, the CEO of Tesla-wannabe Lordstown Motors has resigned. Insiders say he exaggerated demand and hired interns to do his engineering. We spoke with 17 former employees from Burns' startups to better understand what happened.
Compiled by Jordan Erb. Tips/comments? Email jerb@insider.com or tweet @JordanParkerErb.
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