Your favorite podcast might be making thousands for inviting guests

That big-name guest might not have appeared on your favorite podcast out of the kindness of their heart. Bloomberg has learned that podcast guests are routinely paying big money to appear on popular podcasts. Guestio, a marketplace for these deals, has seen huge transactions in the past six months. Four podcasters made $20,000 from charging for appearances, while one made $50,000. The most profitable show, Entrepreneurs on Fire, regularly charges $3,500 for guest spots and has sometimes taken a cut of product sales.

It’s not clear how widespread this activity is. However, Bloomberg interviews suggest pay-to-appear systems are popular for business, cryptocurrency and wellness podcasts. Hosts like Entrepreneurs on Fire‘s John Lee Dumas see appearance fees as filters. Guests will be well-prepared if they’re making an “investment” in airtime, the creator said.

However, there are ethical and legal concerns surrounding the practice. This could be considered a modern take on payola, or the pay-for-play schemes used to boost songs on the radio — is a guest appearing because they’re relevant, or just because they’re willing to pay? And while disclosures are mandatory for those radio plays, the situation isn’t so clear with podcasts. While many shows on Guestio have disclosures, not all of them properly reveal when an interview subject is paying to show up.

That could pose a problem in the future. A Federal Trade Commission spokesperson said that there’s deception whenever consumers are mislead about the nature of advertising and promotional messages, regardless of the media format. The regulator didn’t say if it would crack down on podcasters who improperly disclose paying guests, but the message could serve as a warning to show hosts.

Amazon employees in Illinois file federal complaint over workplace racism

On Wednesday, former Amazon employee Tori Davis and 25 other workers filed complaints with the Equal Employment Opportunity Commission (EEOC) alleging the company forced them to work in a dangerous environment, reports the Chicago Tribune. Davis raised concerns about Amazon’s handling of a racist death threat, and claims the retailer fired her after she threatened legal action if it did not address the incident.

In May, workers at the company’s MDW2 warehouse in Joliet, Illinois — a city 35 miles outside of Chicago — found two racist messages using the N-word scribbled on the wall of one of the facility’s bathrooms, according to the complaint filed with the EEOC. Davis, who is Black, left work without pay after her co-workers discovered the graffiti. After police investigated the incident, Amazon allegedly sent a text message to staff stating law enforcement “did not identify threats to the site’s safety.”

According to the complaint, Amazon also allowed white employees at MDW2 to wear clothing that displayed the Confederate flag. One individual allegedly had a shirt where workers could see the flag “prominently” on both the garment’s back and sleeves.

“Amazon works hard to protect our employees from any form of discrimination and to provide an environment where employees feel safe,” an Amazon spokesperson told Engadget. “Hate or racism have no place in our society and are certainly not tolerated by Amazon.”

At a press conference, Davis said she would like to see Amazon implement additional safety policies at MDW2 and improve Black worker representation at the facility. She is also appealing her termination. Amazon has faced allegations of allowing racism in the workplace before. Last year, a manager with the company’s AWS division said she was subjected to harassment from a supervisor who used racial tropes. The company also has a history of terminating employees who have sought to improve conditions at its workplaces. 

TikTok is cutting jobs around the world

Some TikTok employees have already lost their jobs, while others are told to prepare for a meeting with the HR department as part of the video platform’s global restructuring efforts, Wired reports. According to the publication, European employees were warned that their jobs were at risk and to expect an HR meeting in the coming weeks. Meanwhile, employees in the UK were told to expect colleagues across departments to lose their jobs. In the US, some personnel were told that they were being let go shortly after they came in for work on Monday morning. 

One of those US employees was David Ortiz, who was among the first executives TikTok parent company ByteDance hired outside of China. In a LinkedIn post, Ortiz said that his “role is being eliminated in a much larger re-organization effort.” A TikTok spokesperson did not deny that layoffs were taking place when Wired asked. However, they also didn’t confirm that the company is going through a global restructuring and didn’t provide the publication with a detailed statement on why TikTok is cutting jobs.

A staffer who talked to the publication said the company is only cutting employees and teams that managers believe haven’t been contributing enough. They claimed that only 100 employees are being laid off, which is but a small percentage of around 10,000 employees across the US and Europe. That said, TikTok is merely one of the companies in the big tech, gaming, AV/EV and social media sphere that’s downsizing its workforce.

Some of the companies in the industry that had to let people go due to the economic downturn include Netflix, Unity and Twitter. Tesla reportedly laid off 200 Autopilot employees and closed an office in California. Bloomberg said Rivian plans to lay off 5 percent of its workforce. Finally, Meta told employees to identify low performers, The Information said, and move them to exit the company if they’re unable to get back on track. 

Activision Blizzard CEO Bobby Kotick gets to keep his board seat

Bobby Kotick will get to keep his seat on Activision Blizzard’s board of directors despite catching flak over the alleged role he played in creating the company’s toxic workplace culture. At the video game developers’ annual meeting of stockholders, investors voted on several proposals, as well as who gets to be on the company’s board of directors over the next year. A total of 533,703,580 shareholders have voted to keep Kotick on the board, while on 62,597,199 have voted against it. As GameInformer notes, that means he gets to keep his seat until the next meeting in 2023. 

Activision Blizzard employees walked out of their jobs last year and called for Kotick’s resignation after The Wall Street Journal reported that the CEO knew about the worst instances of abuse in the company and even protected the employees accused of harassment. If you’ll recall, California’s Department of Fair Employment and Housing sued the publisher in July 2021 for allegedly fostering a “frat boy” culture. The California agency investigated the company over the course of two years and found that women working for Activision Blizzard were paid less than their male counterparts and were subjected to constant sexual harassment. 

More recently, the New York City Employees’ Retirement System sued Kotick, calling him unfit to negotiate the company’s pending sale to Microsoft due to his “personal responsibility and liability for Activision’s broken workplace.” NYC’s retirement system represents the city’s police, teachers and firefighters and owns Activision Blizzard stock. The company named a new chief diversity, equity and inclusion officer in April to help the company have a more inclusive workplace. In response, a group of employees aiming to protect workers from discrimination formed a committee to outline a list of demands for Kotick and the new chief diversity officer. 

While majority of the shareholders have chosen to keep Kotick on the board, they also approved a plan to release an annual public report detailing how Activision handles any sexual harassment and gender discrimination dispute. The report must also detail how the company is preventing these incidents from happening and what it’s doing to reduce the length of time it takes to resolve them. 

SpaceX employees say Elon Musk is an ’embarrassment’ as he waffles on work-from-home

Elon Musk’s disdain for remote work doesn’t fully extend to Twitter. As The New York Times and The Verge note, Musk told Twitter staff in an inaugural all-hands meeting that employees at the social network who produce “excellent” work at home should be permitted to keep their positions. While the aspiring new owner stressed that he would much rather have people working in the office, he thought it “wouldn’t make sense” to fire someone who was a net positive for the company. He added he would verify with managers that those remote employees were making useful contributions.

Musk gave Tesla and SpaceX employees an ultimatum in late May, warning that they had to work at least 40 hours a week their main offices unless they had “particularly exceptional” reasons to stay remote. The executive felt it was particularly important for more senior-level members who needed an in-person “presence.” This stands in sharp contrast to Twitter’s existing stance allowing many employees to stay remote indefinitely, not to mention policies at Apple, Google and other tech heavyweights that allow staff to spend some or all of their workday at home.

The statements also come as Musk is facing a mounting backlash from his rank-and-file. The Verge says it has seen an open letter from SpaceX workers criticizing their CEO, accusing Musk of becoming a “frequent source of distraction and embarrassment” through his public actions. They also said the spaceflight firm wasn’t living up to either its “No Asshole” mantra or a zero-tolerance policy on sexual misconduct. The letter writers wanted SpaceX to condemn Musk’s behavior, hold all leaders accountable for their actions, and clarify its policies while enforcing them more consistently.

There was no mention of the exact issues that prompted the letter. Musk has drawn increasing criticism, however. A SpaceX flight attendant reportedly accused Musk of sexual misconduct, prompting a $250,000 settlement. That’s on top of ongoing claims Musk’s companies allow horrible behavior, including lawsuits from multiple women alleging Tesla fostered sexual harassment in the office. Musk has further been accused of posting transphobia on Twitter (such as blasting the pregnant man emoji) and supporting trucker protests in Canada that were laced with harassment and racist incidents. The entrepreneur isn’t on great terms with many people at the moment, and his dislike of remote work underscores this.

Coinbase cuts roughly 1,100 jobs amid fears of a ‘crypto winter’

Coinbase is still struggling with a worsening cryptocurrency market. The exchange has announced that it’s laying off 18 percent of its workforce, or about 1,100 jobs, to help weather difficult economic conditions. There’s a “crypto winter,” according to company chief Brian Armstrong, and the move is purportedly necessary to keep costs down during this dark period.

Armstrong also saw this as a response to excessive optimism about crypto’s future. Coinbase felt it had to grow rapidly in 2021 to compete across numerous sectors and take advantage of crypto’s value surge, but it’s now apparent the company “over-hired” while the market was strong. The exchange started 2021 with 1,250 employees, and will still have roughly 5,000 people employed by the end of the current quarter.

The layoffs have been abrupt. Coinbase cut affected employees’ system access at the same time as the announcement to prevent “rash decision[s]” by outgoing staff. The firm is promising at least 14 weeks of severance pay, four months of US health insurance and help finding new work, but the decision comes after multiple attempts to avoid cutting jobs. Coinbase first paused hiring, and later rescinded accepted job offers as economic conditions soured.

Coinbase isn’t alone in dealing with the effects of crypto’s collapse. Binance is facing a lawsuit over the failed TerraUSD stablecoin, while major lender Celsius has frozen withdrawals to help stabilize assets and honor obligations. The plunge in Bitcoin prices following Celsius’ move led Binance to halt its own withdrawals for several hours. Crypto is very fragile at the moment, and it doesn’t take much for the technology’s largest supporters to suffer.