Filmmaker and entrepreneur Tyler Perry recently halted an $800 million expansion of his Atlanta-based studio due to the advancements in AI. Perry’s pause on expanding his 330-acre studio, which would have added 12 soundstages, underscores the disruptive potential of AI in the entertainment industry. AI’s Capabilities During an interview with The Hollywood Reporter, Perry expressed his awe at OpenAI’s Sora’s capabilities in particular. Sora can generate vivid and complex video scenes merely from text descriptions, potentially eliminating the need for location shooting or set building. “Being told it can do
Snap and Zoom’s mass layoffs have impacted workers in various roles across the company, Diversity, Equity, and Inclusion (DEI) teams at both tech companies. Snap’s Layoffs Snap, the maker of Snapchat and Bitmoji, has laid off around 500 employees this month. The layoffs were most often conducted over brief video calls. According to Business Insider, engineers, content moderation teams, and a small number of people doing trust and safety work were impacted. This included several people working on a team within HR that helped with internal employee analytics, including surveys
Yesterday, the Los Angeles Times laid off more than 115 journalists, more than 20% of its newsroom. Several journalists of color have been affected by the cuts, which the Los Angeles Times Guild says the company could have prevented. LA Times Layoffs “The company has reneged on its promises to diversify its ranks since young journalists of color have been disproportionately affected,” said the Los Angeles Times Guild in a statement. “The Black, AAPI, and Latino Caucuses have suffered devastating losses. Voluntary buyouts could have helped prevent this, but that’s not
Congresswoman Barbara Lee Raises Alarm Over Disproportionate Layoffs Of Black Tech Workers In Letter
Congresswoman Barbara Lee has written a letter to the US Department of Labor addressing the disproportionate layoffs of Black tech employees. African American Lee and several other Congressional Black Caucus (CBC) members wrote the letter to Julie Su, the acting secretary of the US Department of Labor. Black Tech Employee Layoffs According to the letter, since the beginning of 2023, more than 240,000 tech workers have experienced layoffs, which is a more than 50% increase from 2022. Lee found that minorities and women make up most of the year’s tech layoffs. “We write to express
Seven former employees are suing Twitter – rebranded as X – alleging that the company’s mass layoffs unfairly impacted employees with protected characteristics, including Black employees. The Lawsuits The complaints were filed in federal court in Oakland, California, after claims that Twitter violated America’s Family Medical Leave Act, the Civil Rights Act and the Age Discrimination in Employment Act. Omolade Ogunsanya is among the seven suing Twitter. According to the lawsuit seen by Rolling Stone, he alleged that his firing was “the product of unlawful race-based discrimination against Black employees.” Ogunsanya worked
The media industry has lost Diversity, Equity, and Inclusion (DEI) leaders over the last two weeks with layoffs and resignations at Disney, Warner Bros. Discovery, Netflix, and the Academy of Motion Picture Arts and Sciences. Who Has Gone? After more than six years, Disney’s chief diversity officer Latondra Newton was the first to exit her role. She oversaw the company’s “commitment to producing entertainment that reflects a global audience and sustains a welcoming and inclusive workplace for everyone.” Disney said she was leaving to pursue “other endeavors.” Netflix’s first-ever head of
This article was first published by Ikenwa Chukwunonso on Medium. The job market has been crazy this year with the high inflation rate and high-interest rate to cool off inflation meaning funding from venture capitalists and financial institutions have reduced due to high-interest rates. In January 2023, prices had increased by 6.4 percent compared to January 2022 according to the 12-month percentage of change in the consumer price index. Few companies especially in the tech sector are downsizing and reducing their burn rates which mean cutting jobs to properly navigate
This article was first published by Chuma Okoro on Medium. Many organizations think money is the only incentive that employees value. But evidence-based research suggests that employment security is powerful in increasing commitment and performance. Modern technology companies are known for high salaries, yummy snacks, and beautiful offices. Despite this, according to DevSkiller, these companies still have high turnover. This may be due to the perceived lack of an incentive that evidence-based research (EBR) suggests is powerful in increasing commitment and performance, and employment security. Employment security is a notion
Black-owned startup Equipt is using the power of the community to help tech workers bounce back from layoffs. In 2021, Olajide “Jide” Osan and Hubert Dagbo co-founded Equipt as a talent marketplace using upskilling events to connect job seekers with potential employers. After first meeting at Lehigh University in 2008, Dagbo and Osan found mentors who used their skills and networks to find career opportunities in finance and tech, respectively. The pair reconnected during the Covid-19 pandemic and launched Equipt, using technology to replicate the path they followed years prior.
I longed for a tech career as a stay-at-home mom with three academic degrees, including one from Yale. I attended my first hackathon over a decade ago and was immediately intrigued. Despite my impressive educational background, I found landing a tech role challenging. However, instead of giving up, I leaned into the affirming websites and platforms like POCIT that helped motivate me to pursue my dreams of a tech career. Read on to learn my story of perseverance and determination. How it All Started I gave birth to my daughter
