A key issue among employees is the lack of an adequate explanation of what got Altman fired. What employees have been told by Sutskever about the reason for the ouster has left them unconvinced and furious, writes Business Insider’s Kali Hays. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don’t seem to know why either.
Of course, that’s not to say there aren’t risks for Microsoft. Some of OpenAI’s customers are already looking to jump ship, Business Insider’s Madeline Renbarger reports. Failing to reinstate Altman at OpenAI could ultimately lead to its demise. That’s not an ideal scenario for a startup you’ve invested billions into.
Some Uber and Lyft drivers make more money by being picky. Some drivers revealed that canceling certain trips can help drivers avoid situations that aren’t profitable. For example, being discerning can help drivers avoid “one-way rides.”
X CEO is reportedly getting texts from ad execs to resign over Elon Musk endorsing an antisemitic post. An executive reportedly told Linda Yaccarino that she needs to “save” her reputation.
3 things in business
Texas — weirdly — is leading America’s clean energy future. The state has been America’s oil capital for more than a century. But now, Texas is also one of the country’s top producers of renewable energy.
Underwear startup Parade went bust, and employees blame the founder. Is it okay to write about it? Parade’s cofounder and former CEO Camila Téllez asked Business Insider’s Melkorka Licea how she could write what she saw as another takedown of a female founder — especially a female founder of color. But many of the 26 current and former employees Melkorka spoke to said the way Téllez ran her company was at least partially responsible for its flameout.
The experience economy could be a good industry to bet your career on. Millennials and Gen Zers are driving demand for experiences. For example, cooks at restaurants are expected to increase 20% between 2022 and 2032.
In other news
What’s happening today
It’s World Hello Day. The day is celebrated by greeting 10 different people. This highlights “the importance of personal communication for preserving peace.
“Happy birthday, Carly Rae Jepsen. Björk, Davido, and Colleen Ballinger were also born on this day.