by Tanyette McCoy Davis | Dec 19, 2022 | Latest, Social Justice |
Since comedian Mark Curry went public with his story of being racially profiled by staff at The Mining Exchange A Wyndham Grand Hotel & Spa in Colorado, he has been flooded with support from fans and fellow celebrities. Mark Curry recounted the incident on “The D.L. Hughley Show,” alleging that he was asked to show multiple forms of ID before being allowed to enter the hotel lobby. When he asked why he was being singled out, Mark Curry claims the employee told him it was because he “fit the description” of someone who had been causing trouble at the hotel.
The comedian said he was “shocked” and “humiliated” by the encounter and has since filed a complaint with the hotel. He also praised the show’s host, D.L. Hughley, for speaking out about similar experiences he’s had with racial profiling. The outpouring of support for Curry has been overwhelming, with many people taking to social media to express their outrage at the treatment he allegedly received.
ome have even vowed to boycott the hotel until they issue a public apology to Mark Curry and implement policies to prevent similar incidents from happening in the future. It’s clear that this story has struck a nerve with many people, and it’s great to see so many people standing up for what’s right.
Mark Curry shared his story on social media, and it quickly went viral. He has since been inundated with messages of support from people all over the world. The Mining Exchange A Wyndham Grand Hotel & Spa has issued a statement saying they are “deeply troubled” by the incident and are conducting an investigation. They have also reached out to Curry to apologize and offer him a free stay at the hotel.
by Diontae Bussey | Nov 4, 2022 | Business News, Latest, Tech News |
683 Lyft employees will be laid off as part of the company’s cost-cutting efforts.
Ride-hailing giant Lyft is laying off 683 employees as part of a cost-cutting effort, the company said on Tuesday.
The move comes as Lyft, which is scheduled to go public next month, looks to cut costs ahead of its debut on the stock market.
The layoffs will affect 9% of Lyft’s workforce and are the biggest round of job cuts in the company’s history. The company will take a $60 million charge because of layoffs.
Six hundred and eighty-three Lyft employees will be laid off as part of its cost-cutting measures
Lyft is laying off 683 employees across the U.S. in a cost-cutting push that will center on its human resources, marketing, and recruiting teams.
The ride-hailing company announced the layoffs in an email to staff on Tuesday, saying the move was necessary to achieve profitability. The company has been burning through cash as it battles Uber for supremacy in the U.S. market and has been under pressure from investors to cut costs.
“We need to get to profitability and ensure our long-term health as a business,” Lyft co-founder and president John Zimmer wrote in a company-wide email.
The layoffs represent about 9 percent of Lyft’s 7,000 employees worldwide. Most of the affected workers are based in San Francisco, where Lyft is headquartered, but there are also cuts in New York, Seattle, and other cities.
How will this affect Lyft’s business?
Lyft’s decision to let go of employees will affect its business. The company has been under pressure to cut costs, and this move will help it achieve that goal. However, the layoffs will also reduce the company’s workforce and could lead to lower morale among the remaining employees. It is unclear how Lyft will manage its business without the affected employees.
How will this affect the rideshare industry?
The coronavirus pandemic has decimated ride-sharing demand, and Lyft is feeling the pinch. The company announced yesterday that it would release 982 employees, or 14% of its workforce.
This is a significant blow to the rideshare industry, which has already been struggling to compete with traditional taxi and transportation companies. The pandemic has only exacerbated those problems, as people are hesitant to use shared ride services.
Lyft’s layoffs will have a ripple effect throughout the industry as other companies attempt to cut costs to stay afloat. This could mean fewer drivers on the road, higher prices for riders, and shorter wait times for cars. Rideshare is going through a tough time, and it’s unclear when the industry will recover.
Why is Lyft laying off employees?
As the coronavirus pandemic continues to ravage the economy, many companies are forced to make tough decisions to stay afloat. That means many workers are losing their jobs.
Lyft is the latest company to announce layoffs, saying it will cut about 1,000 employees from its workforce. The ride-hailing company has been hit hard by the pandemic, with ridership plummeting as people stay home to avoid spreading or contracting the virus.
The layoffs are meant to make the organization more efficient.
With the layoffs, Lyft expects to save money, but it is seeking to raise $600 million in new financing.
That money will be used in part to help offset some losses caused by the pandemic.
Lyft says it will offer severance packages and outplacement services for those who are losing their jobs to help them transition to new employment. The company also says it is committed to rehiring as many laid-off employees as possible when business picks back up.
Conclusion
Lyft is the latest company to release workers to cut costs. The ride-hailing firm said it would eliminate 683 positions, or about 5% of its workforce, as part of a broad restructuring announced late last month.
Lyft has been hit hard by the coronavirus pandemic, with ridership plummeting and losses widening. The company has already announced several rounds of layoffs and other cost-cutting measures, including the closure of its self-driving car division.
by Xavier Thompson | Nov 1, 2021 | Business News, Latest, Social Justice |
This comedian has been in the spotlight since 25th October. The events transpired after he posted the video from his tour. The video was on Instagram, and he spoke about his invitation to talk to the L.G.B.T.Q. Netflix community. The comedian stated these allegations were false, and he is unsure about his conversation with people of the transgender community.
He said that he would give an audience, but he doesn’t bend over to anyone’s rules and set some conditions. The comedian was open to Netflix employees about the transgender jokes he loves making. His requirements for attendees were to watch his special and meet him at the time of his choosing. He also added other conditions on top of these conditions.
Some Netflix members held a protest of the comedians’ comments, and his jokes were anti-transgender. This led to a call from G.L.A.A.D., among others, to draw the comedian away from Netflix. The streaming agents of Netflix also raised points saying this show would stay on Netflix, and they refuted claims that the comedians’ comments would increase violence in transgender communities.
There was evidence to support this because screens violence has grown over the years. The rate of violent crimes is rising significantly, and adults can attest that assault, abuse, and violence are prevailing.
This article was penned by Jonathan P. Wright. Jonathan is a freelance writer for multiple mainstream publications and CVO of RADIOPUSHERS. You can read more of his work by clicking here.
by Jonathan P-Wright | Jan 12, 2024 | Business News, Latest |
In a significant move, data science and analytics software company, Alteryx, has announced its acquisition by private equity firms Clearlake Capital Group and Insight Partners in a deal valued at an impressive $4.4 billion.
The Irvine, California-based enterprise is set to transition from public to private ownership under the deal. Clearlake and Insight emerged victorious over Symphony Technology Group, another private equity contender, to secure this remarkable acquisition.
Deal Details and Impact
The transaction, which includes debt, values Alteryx’s equity at roughly $3.46 billion, according to Reuters. The deal represents a 29.1% premium over Alteryx’s closing share price on Friday. This transaction is expected to reach its conclusion in the first half of 2024, subject to standard closing conditions and approvals.
The potential impact of this deal on Alteryx’s ~2,900 employees remains uncertain at this stage. However, the company’s CEO, Mark Anderson, has shared his optimism about the acquisition.
“In addition to delivering significant and certain cash value to our stockholders, this transaction will provide increased working capital and industry expertise — and the flexibility as a private company,” Anderson said. “We’re excited to partner with Clearlake and Insight for the next stage of Alteryx’s journey.”
Alteryx: A Brief History
Alteryx, originally known as SRC, was co-founded in 1997 by Dean Stoecker, Olivia Duane Adams, and Ned Harding. Initially, the firm was focused on developing data engines for demographic-based mapping and reporting. In 2006, SRC launched the software app Alteryx, which served as a platform for building analytical processes and services.
By 2011, SRC had rebranded as Alteryx, marking the software app as its core product. After securing millions of dollars from VC firms such as Toba Capital, Insight, Sapphire Ventures, ICONIQ Capital, and Meritech Capital Partners, Alteryx made its debut on the NYSE in 2017.
Transition and Success
In recent years, Alteryx has made a strategic move towards a subscription-based business model and heightened its focus on AI-powered features. This decision aimed to tap into the growing demand for data analytics services. According to Research and Markets, the big data analytics market could surge from $37.34 billion in 2018 to $105.08 billion by 2027.
Alteryx has successfully amassed over 8,300 companies as its customers, including major brands such as Coca-Cola, Vodafone, Walmart, and Ford. The company reported $232 million in sales last fiscal quarter, an 8% rise from the same period a year ago. Moreover, its annual recurring revenue also saw a significant boost, soaring by roughly 21% to $914 million.
“When we founded Alteryx in 1997, we did so with a vision for the future of data science and analytics. Today, Alteryx stands out as an industry leader with a differentiated platform that scales data democratization in a governed manner,” Stoecker said. “Our agreement with Clearlake and Insight validates the strength of our business and the value of Alteryx’s capabilities and innovation.”
Conclusion
This monumental deal between Clearlake, Insight, and Alteryx underscores the growing importance of data analytics in the contemporary business landscape. It also illustrates the immense potential and value that companies like Alteryx hold in the rapidly evolving tech industry.
by Laghe Andrews | Dec 13, 2023 | Latest, Social Justice |
Photo by Mayer Tawfik on Unsplash
In a society where racial equality and social justice are at the forefront of discussion, allegations of racial discrimination are serious and can have severe consequences. This article examines the case of a well-known US crane operator, TNT Crane & Rigging, which found itself in hot water over accusations of racial discrimination, harassment, and retaliation.
The Accusations
Four African-American employees at TNT Crane & Rigging came forward with claims of racial discrimination and harassment. The victims, namely Edwin Crayton, Lorenzo Smith, Freddie Campbell, and Jason Pradia, reported experiencing racial slurs and witnessing hate symbols at their workplace.
“The EEOC will continue to robustly enforce the law to ensure equal opportunity in the construction industry, and every industry.” – EEOC Chair Charlotte A. Burrows
The Lawsuit
In response to these serious allegations, the U.S. Equal Employment Opportunity Commission (EEOC) filed a lawsuit against TNT Crane & Rigging in August. The federal agency stated that the complaints and evidence presented by the four employees were sufficient to warrant a formal legal investigation into the company’s practices.
The Alleged Incidents
Some of the incidents reported by the employees include demeaning comments, offensive nicknames, and even physical threats. Lorenzo Smith, a crane operator, recalled an episode where a field manager used a racial slur when Smith requested additional help for a task. Similarly, truck driver Freddie Campbell discovered that his colleagues had given him a racially offensive nickname, while Jason Pradia, a rigger, shared that a white coworker had made a racially charged comment about his work ethic.
The Retaliation
The situation escalated when the employees reported these incidents to the management. Instead of receiving support, they claimed they were met with retaliation. Alleged acts of retaliation ranged from threats and physical assault to damage of personal property, such as flattening of tires.
Witness Testimonies
Interestingly, it wasn’t just the victims who reported these incidents. A white employee, Nathan Cook, also claimed to have witnessed the harassment. Upon reporting it, he too faced retaliation, including physical assault and derogatory labels.
EEOC’s Role in the Matter
The EEOC, which specializes in enforcing federal laws that make it illegal to discriminate against a job applicant or an employee, has taken up this case with the aim of ensuring equal opportunity in the construction industry.
The Impact of the Case
This case has brought to light the disturbing reality of racial discrimination and harassment in the construction industry. As the industry experiences a boom due to federal investments, it is crucial that companies foster a work environment that is free from discrimination and harassment.
The Road Ahead
As the legal battle unfolds, it is clear that this case has far-reaching implications. It serves as a stark reminder to all industries about the importance of creating a racially inclusive and respectful workplace.
Conclusion
The lawsuit against TNT Crane & Rigging emphasizes the role of regulatory bodies like the EEOC in ensuring a discrimination-free workplace. It also highlights the importance of standing up against racial discrimination and fostering a culture of respect and equality.
This is a developing story, and we will bring you updates as they unfold.
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