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Pivot

Deep Cuts at Twitter, FTX Hack, and Friend of Pivot Joe Coscarelli

Pivot

Vox Media Podcast Network

News Commentary, News, Technology, Tech News

4.37.6K Ratings

🗓️ 15 November 2022

⏱️ 58 minutes

🧾️ Download transcript

Summary

Kara and Scott discuss the latest belt-tightening measures at Amazon and Disney and the latest round of the Apple v. Epic Games antitrust fight. Also, Twitter’s shrinking workforce, Musk v. Markey, and the mysterious hack that’s just one of FTX’s mounting problems. New York Times Culture Reporter Joe Coscarelli is our Friend of Pivot. He stops by to chat about his new book, Rap Capital: An Atlanta Story. You can follow Joe Coscarelli here. In Wins and Fails, Kara and Scott discuss. Black Panther: Wakanda Forever. Be sure to check out this episode of Into It: A Vulture Podcast with Sam Sanders, which explores the Marvel Cinematic Universe. AND...the latest episode of On with Kara Swisher is about Kara’s decades-long relationship with Elon Musk, why she had high hopes for him in the past, and why she’s disappointed now. Check it out here. Send us your questions! Call 855-51-PIVOT or go to nymag.com/pivot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Support for today's show comes from BetterHelp. Unfortunately, life doesn't come with a user manual.

0:06.0

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0:22.0

It couldn't be simpler. No waiting rooms, no traffic, no endless searching for the right therapist. You can learn more and save 10% off your first month at BetterHelp.com slash Pivot. That's BetterHelpHLP.com slash Pivot.

0:37.0

Support for this episode comes from Cover Genius, the insured tech for embedded insurance that is changing the insurance landscape.

0:44.0

Finally, with a simple API integration, Cover Genius enables digital companies to distribute any line of insurance or warranty to customers in all 50 states and in more than 60 countries available at Amazon into at Flipkartbooking.com and more.

0:58.0

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1:11.0

Cover Genius ensures that relevant protection is in place. Happy customers, unlock growth. It's insurance-the-way insurance should be. Visit Cover Genius.com slash Pivot today to learn more.

1:28.0

Hi everyone, this is Pivot from New York Magazine in the Vox Media Podcast Network. I'm Cara Swisher. And I'm Scott Galaway.

1:35.0

How you doing today? What's going on? What's happening? Today's a good day. I had lunch with this super smart guy named Andy from the TPMorgan. So I'm making friends. I'm trying to go and have played it.

1:49.0

You need to have played it. It's really critical for you. You need little friends to hang around with. 100%.

1:54.0

I was thinking about you as watching the crown. I was catching up on the crown the new season. It's quite good.

2:00.0

I remind you of Camilla. That's who I remind you of. No, she's more hair than you do. So no, no, no. Camilla's underrated.

2:07.0

Anyway, I love the crown. It makes me think of Britain. I really like it. It's really good. The queen is pretty pissed at Prince Charles. But anyway, today we'll talk about Twitter's rapidly shrinking workforce.

2:16.0

And also the mystery of FTX's disappearing funds. And we'll speak with New York Times Joe C Oscar-Relly about how Atlanta has become the center of hip-hop.

2:26.0

He's one of my favorite writers about a city does an amazing online interview show with a lot of musicians.

2:32.0

I think he's he could give us some insight into where the music business is going to. But first, the New York Times,

2:37.0

supporting that Amazon will lay off nearly 10,000 employees. The cuts will come from its retail. And HR divisions probably as expected as well from its devices team,

2:45.0

which works on things like Alexa. This is not as many. They hired so many people over the pandemic. 500,000 something like that.

2:52.0

They also at Disney is planning to freeze hiring and cut jobs, according to a memo from Bob Chapick. The company will look for every avenue of operations and labor to find savings.

3:00.0

The company's streaming service lost almost $1.5 billion last quarter. And Chapick is promised streaming to come profit by 2024.

3:07.0

The new Star Wars show is getting great reviews called Andor, which many people love. And more layoffs, right? That's really what's happening. It's a there's a time to plant a time to reap.

...

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