WeWork announces 2,400 employees to lose their jobs

Recently departed chief executive Adam Neumann in line for $1.7bn payoff as one worker says: No one knows what the hell is going on WeWork, the troubled office rental company, has confirmed it will lay off 2,400 employees globally, as it seeks to drastically cut costs and stabilize its business. A company spokeswoman said in a statement: As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization. An all-staff meeting is set for Friday, and WeWork staff who have yet to hear about their positions said they were nervously awaiting more bad news. No one knows what the hell …

How our home delivery habit reshaped the world

The long read: The great trick of online retail has been to get us to shop more and think less about how our purchases reach our homes A decade ago, the British department-store chain John Lewis built itself a long warehouse, painted in gradations of sky blue. The shed, as it is called in the industry, cost 100m and covered 650,000 sq ft. Windsor Castle could easily fit inside it. John Lewis named the shed Magna Park 1, after the site where it stands: a logistics campus of warehouses, roads, shipping containers and truck bays east of Milton Keynes. Magna Park 1 was intended to supply the companys stores around southern England, but almost as soon as it was finished, …

These are the companies supporting the global climate strike

(CNN)A handful of brands and retailers are backing the global climate strikes, as a message to government leaders that it’s time to do something about the climate crisis. Here is a growing list of some of the companies showing their support for the strikes: 3P Partners, Inc. 450 Architects, Inc. A Better World A.K. A Coach and Company Aegis Renewable Energy AGL Media Group Allbirds Alston C Lundgren, MD, PC American Sustainable Business Council Amicus Solar Cooperative Appropriate Technology Group Arcadia Power Aspen Leaf Wealth Management At The Epicenter Attention To Details B Lab US/Canada Bandidas Taqueria Bee’s Wrap Ben & Jerry’s Homemade, Inc. Bensonwood Bikmo BitTorrent Blackledge Furniture Blue Earth Planning, Engineering & Design, PC Brand Geek/Law Office of …

Global trade disruption is a symptom of a deeper malaise | Mohamed El-Erian

Resolving US-China trade war is not enough to ward off what many fear is a looming worldwide recession It is only a matter of time until the escalating tensions between China and the US prompt many more economists to warn of an impending global economic recession coupled with financial instability. On 5 August, Bloomberg News Larry Summers, a former US treasury secretary who was also closely involved in crisis-management efforts in 2008-09, recently The Only Game in Town, all of these recent developments and also, of course, the growing US-China tensions are related in a meaningful way to two basic and persistent features of the global economy since the 2008 financial crisis. The first is the prolonged period in which …

Using AI and Film to Track Tear Gas Use Against Civilians

Filmmaker Laura Poitras’ Oscar-winning documentary Citizenfour centers on the pale, calm face of National Security Agency leaker Edward Snowden holed up in a plain Hong Kong hotel room. Her latest star is even more impassive—an aluminum tear gas grenade—but it's seen amid surreal pulsating color. The 10-minute short, Triple Chaser, is named for that tear gas canister, a branded product of Florida’s Safariland Group that human rights groups say has been used by US border agents against migrants in Tijuana and by Israeli forces in Palestine. The film, a collaboration with the nonprofit Forensic Architecture, documents how that organization is devel­oping machine-learning software that could help uncover where Triple Chaser canisters are being launched or thrown. It also accuses prominent …

Ford and Volkswagen team up on self-driving and electric cars

New York (CNN Business)Volkswagen and Ford announced plans Friday to work closely to develop electric- and self-driving vehicles, the latest automakers to partner in the face of massive changes rocking the auto industry. “We stand at the precipice of biggest shift in transportation since [the one] Henry Ford initiated over 116 years ago,” said Hackett speaking to analysts and media. “Our industry and the world is being upended by technology and innovation.” Traditional automakers are worried they could be left behind by changes in the market brought about by tougher environmental regulations in Europe and elsewhere, as well as new players such as Uber (UBER) and Tesla (TSLA) and potentially deep-pocketed tech companies such as Google parent Alphabet (GOOG) and …

The skyscraper infinity pool sorry, but where’s the diving board?

It is meant to be a boundary-busting punch for the sky. But this design for a rooftop London pool is just another high-rise ego gimmick In 1924, swimming pool designerno apparent means of escape, as if the digital people are in some kind of sublime prison cell for the super rich. We are assured there is in fact a way in and out, courtesy of a rotating spiral staircase which rises from the pool floor, and that this is an entirely buildable proposition that includes an inbuilt anemometer to vary the water level and access to the pool. Underwater swimming … how the pool could look Photograph: Compass Pools The designer, Alex Kemsley, said, the building started life as a …

If Huawei Loses ARM’s Chip Designs, It’s Toast

How do you kill a company? The answer, in the context of Chinese electronics giant Huawei, appears to be deprivation, removing ready access to the elements that distinguish smartphones from very expensive chunks of anodized aluminum and glass. The latest blow: Chip designer ARM has reportedly severed ties with the company. Huawei could arguably survive without Google. Without ARM? Not so much. It’s important to clarify that nothing at this point is certain, or permanent. The BBC first reported ARM’s move Wednesday morning, citing an internal memo that noted ARM’s use of "US origin technology,” which makes it subject to a sweeping ban put in place by the Trump administration. ARM finally confirmed the ban Wednesday afternoon. As it did …

Why Software Needs to Escape from San Francisco

Lately I've been hearing complaints from my techie friends about San Francisco. Sure, the city is a mecca for anyone who wants to build a startup—with ample capital, helpful angels, and some of the best software talent on the planet. But it's becoming a monoculture. “You go to dinner and tech is literally all people talk about: tech, tech, tech,” sighs my friend David Silva, an engineer who lived in San Francisco for five years before decamping for the East Coast. Tech has crowded out other subjects of conversation. That, I'd argue, is a good reason to break the region's lock on software development. Different cities have different moods and obsessions. Spreading the creation of software to other parts of …

Bitcoin Billionaires by Ben Mezrich review the tale of the Winklevoss twins

Coders, cocktails and a bank heist in reverse the brothers who sued Mark Zuckerberg and hit bitcoin boom time If you have seen Mark Zuckerberg for allegedly stealing their idea to make Facebook. (Zuckerberg eventually settled for $65m.) In that film they were portrayed as faintly ridiculous comic relief, personifying the establishment against which the geeks triumphed. No doubt, then, they were eager to be interviewed for this book, in which they are the heroes. Ben Mezrich wrote the non-fiction account on which The Social Network was based, The Accidental Billionaires, and since it seems that the word billionaires works well in a book title, he is back to tell the story of how the Winklevi as they are commonly …