You have arrived on Friday! If you’re looking for a way to celebrate — and you’ve got $10 million — you might be interested in buying this estate that was featured in “The Wolf of Wall Street.”
Or, if you want a cheaper way to ring in the weekend, I can bring you today’s biggest tech news. We have a look at leaked documents that show how Amazon evaluates employee performance and decides compensation, and a new video game that cat lovers are obsessed with.
Interested? Let’s go.
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1. How does Amazon evaluate employee performance and decide compensation? Insider reviewed a leaked document from the company’s latest talent assessment guide, which gives Amazon managers instructions for assessing their employees.
- Employees have long complained about the lack of transparency in Amazon’s annual review process. But the company’s 2022 talent assessment guide, viewed by Insider, sheds light on the murky process.
- The document asks managers to evaluate employees based on company leadership principles, performance relative to peers and future potential.
- Performance scores are determined by a combination of two factors: what an employee delivered and how they delivered it.
Everything else revealed by the leaked document.
In other news:
2. Snap’s CEO says ad demand “has slowed significantly.” Discussing the company’s second quarter, Evan Spiegel said he expects its business to deteriorate as advertising demand falls further. Analysts said Snap’s woes could also signal bad news for Google and YouTube — here’s why.
3. Amazon buys clinic operator One Medical. Amazon is to acquire the primary care provider for nearly $4 billion – one of its biggest acquisitions ever and a massive gamble on healthcare. Get the latest news on the acquisition.
4. A jury finds Tesla 1% responsible for a fatal car accident. In the company’s first fatal accident trial, the jury determined that the victim and his father were 99% at fault and that Tesla was 1% negligent. What we know about the decision.
5. VCs focus on digital marketplaces rather than direct-to-consumer brands. Venture capitalists are turning their attention and their dollars to marketplaces like GOAT and Instacart, which connect buyers and sellers. Four VCs explain why they’re bullish on the marketplaces.
6. Amazon’s electric vans now deliver across the United States. Starting this week, Rivian’s electric vans will begin making deliveries in cities including Chicago, San Diego, Nashville and elsewhere. See the cars and how they were designed.
7. The SF Center is one of the hottest places to socialize with tech workers in San Francisco. Some 22 engineers, scientists and artists live together in the Center, and other technicians flock to attend yoga classes, ecstatic dances and drum circles. How it is in the Center.
8. Facebook’s app is about to look more like TikTok. The app will have two new tabs: “Home”, similar to TikTok, will display algorithm-based content like Reels and Stories. “Feeds” will show content from friends, pages, and groups strictly – with no “suggested for you” content. Why Facebook is changing its app.
9. A new video game where the player commands a stray cat is taking over social media. Cat owners film their pets interacting with “Stray,” a new video game in which you play as a lost cat in a robot city. Here’s how to play the new cat-inspired game.
10. American Airlines has ordered 250 electric flying taxis. Taxis, which can reach speeds of up to 200 mph, could be used to ferry passengers around cities. Take a look at the VX4.
The latest movements of people in technology:
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