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News on Medial
How Citigroup's NY unit became a picture of harassment, discrimination & drugs
Livemint
·
1y ago
Medial
Citigroup's equities division in New York has been accused of persistent harassment and discrimination against female employees. Interviews with current and former employees reveal a culture of open sexism, including rating female colleagues based on their looks and discussing sexual conquests. Complaints to senior executives and HR were allegedly ignored, leading some employees to leave. The allegations are similar to those made in a lawsuit filed last year by a managing director. Citigroup has stated that it does not tolerate discrimination or harassment and will take appropriate action if substantiated.
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Activision Blizzard to pay $54 million to settle California state workplace discrimination claims
Economic Times
·
1y ago
Medial
Activision Blizzard, the popular gaming company, has agreed to pay $54 million to settle workplace discrimination claims made by California state authorities. The settlement comes after an investigation found instances of harassment, discrimination, and unequal pay within the company. Activision Blizzard has committed to several corrective measures, including implementing new policies and procedures to ensure a more inclusive and safe workplace environment.
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SpaceX probed by California over sex bias, retaliation claims
Reuters
·
1y ago
Medial
SpaceX is under investigation by the California Civil Rights Department over allegations of discrimination and sexual harassment. The investigation was initiated after a group of engineers filed complaints claiming they were fired for criticizing SpaceX and CEO Elon Musk. The engineers accused SpaceX of favoring men over women for jobs and promotions, unequal pay, tolerating harassment, and retaliation against complainants. SpaceX has until the end of the month to respond to the allegations. This is not the first time companies led by Musk have faced labor law violations.
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Investors put Yes Bank on the block; Dr Agarwals Healthcare eyes IPO
VCCircle
·
1y ago
Medial
Major shareholders of Yes Bank are planning to sell up to a 51% stake, with Citigroup's India unit being engaged for the task. The bank aims for a valuation of $8-9 billion, representing a 20-25% premium. In other news, Dr Agarwals Healthcare is considering an initial public offering (IPO) to raise funds for expansion. The eye care hospital chain is looking to raise around Rs 600-700 crore through the IPO.
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This Exec Is Forcing Google Into Its First Trial Over Sexist Pay Discrimination
Wired
·
1y ago
Medial
A pay discrimination trial against Google is set to begin in New York this week. Ulku Rowe, an executive at Google's cloud unit, alleges that she was hired at a lower level and salary than equally or less qualified men. She also claims that Google retaliated against her when she complained. This trial will provide a rare insight into how pay and promotion decisions are made within the tech giant. Pay equity data remains scarce even after the widespread walkout by Google employees in 2018.
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Elon Musk's growing legal challenges
Economic Times
·
1y ago
Medial
Elon Musk, the CEO of Tesla and SpaceX, is facing a series of legal challenges. The US Securities and Exchange Commission has sued Musk to testify as part of an investigation into his takeover of Twitter. Musk's companies, including Tesla and SpaceX, are involved in various legal disputes, including allegations of discrimination and workplace harassment. Musk's tweets on Twitter have also caused controversy and legal trouble. Additionally, he has been accused of insider trading and manipulating the cryptocurrency Dogecoin.
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Ex-TikTok executive says she was fired because she 'lacked the docility and meekness' required of women at the company
Business Insider
·
1y ago
Medial
Katie Ellen Puris, a former managing director at TikTok, is suing the company and its China-based owner, ByteDance, for discrimination and retaliation. Puris alleges that she was unlawfully terminated because she "lacked the docility and meekness" that the corporate executives deemed necessary for female employees. She also reported mistreatment, including sexual harassment, to the company, but claims that no appropriate action was taken. The lawsuit seeks unspecified damages and a trial by jury.
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SpaceX allegedly fostered serial sexual abuse, according to this lawsuit
The Verge
·
1y ago
Medial
A SpaceX employee has filed a lawsuit against the company, alleging seven years of sexual abuse, discrimination, and harassment. Michelle Dopak claims that her direct supervisor was involved in sexual coercion, with SpaceX's president and vice president allegedly ignoring her pleas for action. The complaint also describes the company's attempt to force arbitration, which goes against federal law. Dopak remains employed at SpaceX but faces unfair treatment and violation of her medical accommodation needs. SpaceX has yet to comment on the allegations.
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Millionaire who spends ₹16 crore a year on his body shares pic of his 'baby face'
Inshorts
·
1y ago
Medial
Millionaire Bryan Johnson, a 46-year-old entrepreneur who spends ₹16 crore annually to reduce his biological age to 18, shared a picture on X (formerly Twitter). "I got really skinny the first year of Blueprint and lost a lot of facial volume. We started Project Baby Face 10 months ago. How are we doing?" he wrote along with the picture.
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Fired SpaceX workers sue Elon Musk for sexist ‘Dark Ages’ culture, other abuses
Livemint
·
1y ago
Medial
Former SpaceX employees have filed a lawsuit against Elon Musk, accusing him of fostering a sexist culture at the company. The civil complaint claims that the workers were terminated after expressing their concerns about the culture and urging the board to distance itself from Musk. The lawsuit alleges sexual harassment, discrimination, retaliation, and wrongful termination. The fired employees have already filed a complaint with the US National Labor Relations Board, which has been delayed by Musk's lawsuit attempting to halt it. SpaceX has not yet responded to the allegations.
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Google Mourns Veteran Engineer Luiz André Barroso Who Invented the Modern Data Center
Wired
·
1y ago
Medial
Luiz André Barroso, a veteran engineer at Google, passed away at the age of 59. Barroso revolutionized the design of data centers by using low-cost components and reimagining how they worked together, laying the foundation for cloud computing. His concept of "the data center as a computer" transformed the industry and underpins internet services today. Barroso also made significant contributions to Google, including the development of its Covid exposure notifications app. His ideas spread across Silicon Valley, and his architecture became the basis for Google's cloud computing unit.
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