Blind TL;DR Edition No. 31: Week Ended June 10, 2022
Blind TL;DR helps you stay on top of what shaped the tech industry this week in about 3 minutes. Keep tabs on the latest with insights straight from the newsmakers—technologists like you.
Who’s the boss?
The $8-billion supply-chain unicorn Flexport has a new CEO: former Amazon consumer CEO Dave Clark. The new chief previously built the logistics infrastructure at the online retailer. It’s an expensive job move, as he left about $70 million of unvested Amazon stock.
Find out what David Clark is like—only on Blind.
Vote of no confidence
After nonstop news headlines about its hiring freeze and rescinding job offers, Coinbase employees have had enough. Some team members started a petition to remove the chief operating officer, chief product officer and chief people officer—but not the CEO.
CEO Brian Armstrong responded, tweeting that he thought the petition was “really dumb.” Read the employee petition on Blind.
Audio is so overrated
Tech companies are cutting back on audio to save costs. Twitter moved employees away from the live audio feature Spaces, and Meta recently shut down its podcast service. Now, layoffs have hit the once-trendy live audio app Clubhouse. Executives responsible for news and sports partnerships have also left the company.
Check out the debate on Blind: Is audio doomed?
An abuse of power?
Last week, Sheryl Sandberg announced her resignation from Meta. Previously, the No. 2 at Facebook’s parent company, she held a lot of influence and had access to many company resources. But she may have abused some of the resources to work on personal projects, including planning her wedding and her foundation. Meta’s investigation is underway.
This is what verified Meta employees think about Sheryl’s departure.
The 40% rent hike
Austin might be the new San Francisco. Rents in Texas’ state capital increased 40% year-over-year, according to a new real estate report, with monthly bills of $4,000 or more becoming more common.
Some people who made the move to Austin have regrets.
Engineers are burnt out
According to a new tech-industry survey, the tech boom has been great for pay packages and job offers, but software engineers feel burnt out. Companies are taking longer to fill open roles, which has led to heavier workloads for current staff.
Get to the bottom of burnout among engineers.
Be a newsmaker
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