Welcome back to our Sunday edition, where we collect some of our main stories and get you inside our news room. I am Steve Russolillo, the main editor -in -chief of BI news, filling out for Jamie Heller these next two weeks.
I have katie notopoulos’ Argument about the time of saving day in my mind. She says Monday after starting should be a federal holiday. Where does it stand? Tell me: sot@businsinsider.com.
On the agenda today:
But first: Blocked.
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Sending this week
Images Getty; Jenny Chang-Rodriguez/BI
Meta has these lists
New -re -establishment to meta can be more challenging than you might think.
within A bomb report This week, Meta Bi correspondent Pranav Dixit revealed how Mark Zuckerberg’s company holds the inner “block” lists that can prevent some former employees from reopening.
Pranav has submitted warship subsequently warship Since membership in BI a few months ago. I sat down with him this week to learn more about his last exclusive and what does everything mean to the future of Meta.
Q: What is the reaction to your “block” lists of Meta?
A: We have had a wave of approach since publication. More former employees, both from Meta and other technology companies, have come forward to share similar experiences to be blocked by rehire. Their initial accounts suggest that this practice may be more widespread than originally thought. The story really got up when Laszlo Bock, the first head of Google HR, shared it into LinkedIn. Staring a strong debate.
Q: What is the most important thing you learned from your reporting?
A: I was hit by a tremendous lack of transparency in corporate employment practices. While we have laws created to prevent discrimination and revenge, those protection extend only so far. There is a wide gray area, where companies have almost complete discretion.
I was particularly surprised by what the middle managers seem to have in the process. In some cases, a simple form or classification by a single manager can deeply affect the future prospects of one’s employment.
Q: Meta has undergone a large transformation in recent months. How does history fit into what is next for the company?
A: This story captures a main tension in the evolution of the meta. The company is still in what CEO Mark Zuckerberg calls “year of efficiency”, making aggressive cuts while at the same time fiercely competing for his talent. These “block” lists represent the collision of those two imperatives.
The increasing division of protective funds
Richard Darko/Getty, Skodonnell/Getty, Angel_nt/Getty, Claus Vedfelt/Getty, Tyler Le/Bi
Smaller protective funds used to exceed their largest rivals. Now, Tide has returned, and Big Four – Millennium, Citadel, Point72 and Balyasny – have taken over.
Bi heard from a dozen founding of funds, allocators and industry experts how difficult it was taken to compete with sub-names. The firms theellic is doing something bigger Multistrats can’t: recreate the same returns, but with fewer people.
David faces four Goliaths.
Lulu Cheng Meservey’s book
Michelle Rohn for Bi
The highly sought after Guru of Silicon Valley, Guru won the hearts of the founders of starting with its clumsy, straightforward and non -traditional style. The weiss grass loves it. Sam Altman is in her corner.
The least fascinated with Pr Maverick are her peers. “She doesn’t have a flowering business. What she has is a flowering twitter,” a snupened. This does not change the fact that Cheng Meservey style is effective – even if it collects some feathers in the process.
The toughest pitbull of pr.
Doge’s report card
Saul Loeb/Getty, Doug Armand/Getty, Tyler Le/Bi
When Trump announced the government’s efficiency department under the leadership of Elon Musk, management and policy experts told BI that they were optimistic about his efforts to reduce government waste. But six weeks inside, they have serious concerns.
Tens of thousands of federal workers have been fired, Musk has challenged the boundaries of the law by dismantling USAID, and its engineers have infiltrated into the government’s IT systems. Those the same experts now describe DOGE’s tactics as “clumsy”, “Wronheaded” and full of “political relentlessness”.
A case study in bad management.
Read also:
The millennia are in charge now
Istock; Bi
The generation once known to be young is agreeing with the fact that it is no longer the case. Millennicals are buying homes, starting families and being promoted at work. They are moving up the stairs in their personal and professional lives – and is a little scary.
In addition to the exhaustion that comes with this new phase of life, the millennia are losing the cold automatic factor donated by the youth. Jeans and their side parts are out of style. But the good news is that they are so wrapped in the tracks of “adulthood” that they probably don’t have time to care.
Young adults.
This week’s quotation:
“It takes a lot of time to manage people’s performance.“
– A Microsoft executive describing the technology giant Performance review processwhich the company is currently reassessing.
Most of this week’s ball reads:
- ‘Bond King’ Bill Goss says he is afraid to wake up and check the news every morning. He shares 4 stock choices with BI.
- I worked in Amazon during its first years. Jeff Bezos did not seem to be interested in nothing but his mission – But it was hard not to like it.
- Millennia mothers want more children – They just can’t afford them.
- TV networks like Fox, NBC and ABC finally understood how to increase ratings – And got them forever.
- Young Americans are finally buying homes. May not pay.
- A new DIGE employee in the work department has helped run a fertility clinic and has property property.
- This table shows how many bad things are taken For software engineers.
- We sent our reporter to Kyiv. Here’s what he learned from a senior Zelenskyy advisor only days after Trump’s catastrophic meeting.
- Shopify was cutting resources for diversity groups Before it was in fashion.
- Kitty After Roaring: Tap the new class of daytime indicators Attracting the numbers of followers online.
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Pulse control: 6 months Brian Niccol’s Plan ‘Back to Starbucks’.
BI TODAY team: Dan Defrancesco, Deputy Editor and Anchor, in New York. Grace Lett, editor, at Agoikago. Amanda Yen, Associate Editor, in New York. Lisa Ryan, Executive Editor, in New York. Elizabeth Casolo, friend, in Agoikago.