Taiwan government bans Zoom due to security issues
Taiwan has banned government officials from using Zoom just days after the company admitted to mistakenly routing its users traffic through servers in China.

Write comment (91 Comments)
Warwick University hiding data security risks from students
Students and staff at the University of Warwick have been left in the dark about critical cyber security issues which could have allowed hackers to steal their data, Sky News has learnt.

Write comment (91 Comments)
Facebook to produce 'heat maps' of COVID-19 infections
Facebook will ask users whether they have been infected with the coronavirus as part of a project to generate "heat maps" of the outbreak.

Write comment (90 Comments)
Tesla to cut salaries, furlough workers as COVID-19 shutdowns extended to May 4

Tesla is suspending production at its U.S. factories until May 4 due to the COVID-19 pandemic, prompting the company to cut pay for salaried employees between 10% and 30% and furlough workers, according to an internal email sent Tuesday night and viewed by TechCrunch.

Pay cuts for salaried employees — which ranges from 30% for vice presidents, 20% for director-level executives and 10% for the remaining workforce — is expected to be in place until the end of the second quarter, according to the email. The salary cuts and furloughs will begin April 13. Employees who cannot work from home and have not been assigned critical onsite positions will be furloughed until May 4, according to the email.

&While we are continuing to keep only minimum critical operations running, we expect to resume normal production at our U.S. facilities on May 4, barring any significant changes,& the email from Teslahuman resources department head Valerie Workman. &Until that time, it is important we take action to ensure we remain on track to achieve our long-term plans.&

Tesla operates a number of factories and facilities throughout the U.S., namely its main assembly plant in Fremont, Calif., its Nevada gigafactory that produces battery packs and electric motors for the Model 3 and its factory in Buffalo, New York, which makes solar products.

&This is a shared sacrifice across the company that will allow us to progress during these challenging times,& the email read.

Furloughed employees will remain employees of Tesla without pay. They will their healthcare benefit. The email directs furloughed employees to apply for unemployment benefits.

Tesla said in the email to employees that it will also put any merit-based actions such as equity grants on hold.

Tesla suspended production at its Fremont factory beginning March 23, a week after a shelter in place order went into effect in Alameda County due to the COVID-19 pandemic.

Some basic operations that support Teslacharging infrastructure and what it describes as its &vehicle and energy services operations& has continued at the factory, which under normal circumstances employs more than 10,000 people. About 2,500 workers are still working at the plant.

Tesla said in March that it had enough liquidity to weather the shutdown caused by the COVID-19 pandemic. Its cash position at the end of the fourth quarter was $6.3 billion before its recent $2.3 billion capital raise.

&We believe this level of liquidity is sufficient to successfully navigate an extended period of uncertainty,& Tesla said.

The company hadavailable credit lines worth about $3 billion, including working capital lines for all regions as well as financing for the expansion of its Shanghai factory at the end of the fourth quarter of 2019.

Write comment (96 Comments)
WhatsApp to limit message forwarding to tackle misinformation
WhatsApp is introducing a new limit on message forwarding to tackle the spread of misinformation, its parent company Facebook has announced.

Write comment (98 Comments)
Australian startup SafetyCulture nabs $800 million valuation on $35.5 million round

SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has raised $35.5 million at an $800 million valuation in its latest round of funding.

Nearly half of the new money was meant to provide liquidity to employee shareholders who had been with the company over three years, according to a person familiar with the transaction.

The round was led by the Australian growth capital investor TDM Growth Partners, with participation from other local Australian investors like Blackbird Ventures, Skip Capital (the firm created by Atlassian co-founder and co-chief executive, Scott Farquhar and helmed by his wife, Kim Jackson) and former Australian prime minister Malcolm Turnbull and his wife.

In all the company has raised over $100 million for its compliance software.

&This is an exciting milestone for us to achieve as a company, especially during uncertain times like these,& SafetyCulture founder and CEO Luke Anear said in a statement. &We&re particularly happy about giving employees the opportunity to sell some of their equity as a reward for all their hard work and continued loyalty.&

Over 26,000 companies in 85 countries use the iAuditor app to make safety checks every year. The company just crossed the cash-flow positive threshold and has operations in Kansas City, Sydney, Townsville, Manchester and Manila.

The new funding will be used to continue the companyproduct development as it looks to move from being a security and safety checklist to a more robust collaboration and communication platform, the company said.

&Todayannouncement continues what has been 12 months of hyper growth for SafetyCultureAmericas headquarters in Kansas City,& said Bob Butler, General Manager of SafetyCulture Americas. & The North American market currently makes up around 40% of our customers and this significant injection of capital enables us to accelerate product development for items customers need, along with the talent and marketing needed to scale our business to serve more customers and have a greater impact on safety and quality for workers all around the US.&

In light of the COVID-19 epidemic, the company said it would offer its premium safety audit product and other featuresfree for six months to healthcare, emergency, education, and volunteer organizing companies and on-profits.

SafetyCulturecurrent customers include: Emirates, Coca-Cola, GE, IKEA, Unilever, BHP Billiton and Accor. SafetyCulture.

Write comment (99 Comments)
Next