Amazon, Meta, and other tech giants are cutting middle management to be more efficient. It's a risky move that could backfire.

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Marc Benioff, founder, chairman and co-CEO of Salesforce, speaks at an Economic Club of Washington luncheon in Washington, DC, on October 18, 2019
Salesforce CEO Marc Benioff. Salesforce is one of many big tech firms that is flattening its organizational structure.

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Big tech companies continue cost cutting

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It's Monday, readers. I'm Paayal Zaveri, and welcome to the first week of April.

We're now officially a quarter of the way through the year. That's a good reminder to make sure you plan some vacation time this year. Nearly half of all American workers don't take their PTO, according to the Pew Research Center. 

Warren Buffett's Berkshire Hathaway has likely scored a $30 billion gain on Apple stock this year thanks to its 25% surge

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warren buffett
Warren Buffett.

Kevin Lamarque/Reuters

I got fired from my $190,000 job at Meta for posting on TikTok, but there wasn't much real work for recruiters like me to do

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Maddie Macho
Maddie Macho says her team barely had work to do.

Maddie Macho

Marc Benioff praises Elon Musk's vision, bemoans not buying Twitter, and rings the recession alarm in a new interview. Here are the Salesforce CEO's 9 best quotes.

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Marc Benioff
Marc Benioff.

Photo by Kimberly White/Getty Images for Fortune

The tech layoffs have created the perfect moment for tech workers to get organized and unionize, but getting there isn't easy

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Illustrated computer cursors in the shape of fists are animated to appear and fill up the frame.
The widespread tech layoffs shattered long held illusions about the tech industry and its pushing interest in organizing efforts, labor experts said.

Robyn Phelps/Insider

Goldman Sachs says Apple stock will soar 32% over the next year with the market currently underestimating the stickiness of its product ecosystem

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Tim Cook Apple sitting on a red chair
Apple CEO Tim Cook

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Artificial intelligence is on the brink of an 'iPhone moment' and can boost the world economy by $15.7 trillion in 7 years, Bank of America says

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Artificial intelligence ChatGPT AI iphone markets investing stocks
AI is on the brink of an "iPhone moment," according to Bank of America.

imaginima/Getty Images

I was an early YouTube creator. Here’s what I noticed about Susan Wojcicki’s legacy of improving the platform over 10 years.

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Susan Wojcicki, YouTube
YouTube CEO Susan Wojcicki has announced plans to step down.

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The AI arms race gives Nvidia 13% upside as the chipmaker looks poised to lead the nascent sector, Bank of America says

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Nvidia stock artificial intelligence bank of america
Nvidia is positioned to emerge as a leader in the AI arms race, BofA says.

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