It’s Not Just Meta that Blacklists Former Staff: Ex-Employees Share Their Stories

Entrepreneur Michel Falcon overcame shame of his Peruvian roots to launch Brasa Peruvian Kitchen, aiming to popularize Peruvian cuisine in North America through a modern, fast-casual concept. His dedication to sharing Peruvian culture extends beyond food, offering a hotline service to educate customers on Peru's tourism, art, and history. Falcon prioritizes employee retention by paying higher wages, inspired by Netflix's talent density model, in his mission to empower his team and close the income equality...

Starbucks recently laid off over 1,000 corporate employees, reflecting a troubling trend of higher unemployment rates and slower wage growth for white-collar workers. The shift in the job market has been attributed to the economic impact of the pandemic, advancements in artificial intelligence, and government policies targeting federal agencies supporting white-collar jobs. Industries like video games and finance have experienced layoffs, while the tech sector has seen increased automation leading to job cuts. The future...

A recent report by the American Society of Civil Engineers highlighted the positive impact of increased federal spending on U.S. infrastructure, resulting in improved ports, roads, parks, and public transit. However, the report warned that progress could stall if investments are not sustained, with a projected $3.7 trillion funding shortfall over the next decade. Despite receiving a mediocre C grade overall, infrastructure showed improvement in nearly half of the 18 categories tracked, with ports and...

Han Jong-Hee, the co-chief executive of Samsung Electronics, passed away at the age of 63 due to a sudden heart attack. With almost four decades of experience at Samsung, Mr. Han oversaw various business units, including consumer electronics and digital appliances, and played a key role in the company's success in the global market. He joined Samsung in 1988 during a crucial period of transition and growth after the death of the company's founder, Lee...

China is considering including services in a subsidy programme to boost consumption, in addition to existing trade-in schemes for goods, as the economy struggles with weak domestic demand. With a record trade surplus and deflationary pressures, policymakers are looking to rebalance the economy towards more sustainable consumption. Despite concerns about pulling forward demand, efforts to stimulate consumption through services may be gradually introduced at both national and local levels. Full Article

Entrepreneur contributors emphasize the importance of implementing real people processes in hyper-growth companies to avoid inefficiencies and cultural breakdowns. Examples from Southeast Asia's tech industry and AI companies like OpenAI illustrate the challenges of scaling without a people strategy. Successful companies like Sea Group and Stripe prioritize leadership development, define culture explicitly, and balance autonomy with structure to build sustainable organizations in fast-scaling industries like AI and Web3. Ultimately, companies that invest in operational excellence...