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Latest News in Helm, CA
144 Fremont Workers Among Meta Layoff Casualties: Report
FREMONT, CA — The casualties of Meta’s mass layoffs last week include 144 Fremont workers, The Mercury News reports.Most of the layoffs occurred in the Peninsula, as Facebook’s parent company axed 1,642 workers from its Menlo Park campus along with 179 in Burlingame and 237 in Sunnyvale, the report said.Meta on Wednesday announced plans to ...
FREMONT, CA — The casualties of Meta’s mass layoffs last week include 144 Fremont workers, The Mercury News reports.
Most of the layoffs occurred in the Peninsula, as Facebook’s parent company axed 1,642 workers from its Menlo Park campus along with 179 in Burlingame and 237 in Sunnyvale, the report said.
Meta on Wednesday announced plans to ax 11,000 workers, around 13 percent of the tech behemoth’s workforce.
Facebook also axed 362 in San Francisco, bringing the total number of pink slips it sent out in the Bay Area to 2,564, according to the report.
The report cites official notices to the state’s Employment Development Department.
The layoffs come amid a troubled time for the tech sector, and the social media sphere in particular.
It follows reports that Elon Musk has plunged Twitter into chaos in his the first weeks at the helm of the company since purchasing it in a $44 billion hostile takeover.
Meta’s stock value has plunged more than 70 percent this year, making it among the S&P 500’s worst performers of 2022.
Facebook’s precipitous fall is largely attributed to CEO Mark Zuckerberg’s risky and expensive venture into virtual reality, The Wall Street Journal reports.
The Facebook founder has already bet more $15 billion on the company’s Reality Labs division, according to the report.
The Federal Reserve’s efforts to contain inflation by raising interest rates has hit the tech sector especially hard according to Josh White, an assistant professor of finance at Vanderbilt University.
Unlike other industries, Silicon Valley companies have few other options other than reducing staff when the cost of borrowing money becomes prohibitive, White told The Washington Post.
“For them to make money, sometimes it takes years,” White told the news outlet.
“I think we’re seeing an unwinding now that’s typical of cost cutting measures when we see a slowing economy. Their value comes from their intellectual property which is patents, trade secrets or people.
“You can’t cut costs on patents. Trade secrets are what they are. That just leaves people. That’s where you have to cut costs.”
Zuckerberg’s cryptic remarks during a June meeting appeared to signal the magnitude of the problems at Menlo Park.
“Realistically, there are probably a bunch of people at the company who shouldn’t be here,” Zuckerberg said, according to the WSJ.
Zuckerberg telegraphed the job cuts in an Oct. 26 third-quarter earnings call that affirmed his commitment to heavy investments in virtual technology.
“So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year,” Zuckerberg
“In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organization than we are today.”
Zoë Kravitz talks about her 1st paparazzi photos with Channing Tatum becoming a meme
Zoë Kravitz is opening up about her relationship with "wonderful human" Channing Tatum.The pair — brought together for her directorial project Pussy Island, in which he stars — hav...
The pair — brought together for her directorial project Pussy Island, in which he stars — have been linked since early 2021. However, it wasn't until that summer, when she was snapped by paparazzi catching a lift on the back of his BMX bike, that the news was out.
"He's just a wonderful human," the 33-year-old told GQ. "He makes me laugh and we both really love art and talking about art and the exploration of why we do what we do. We love to watch a film and break it down and talk about it and challenge each other."
Pussy Island filmed in the Yucatán jungle for three months over this past summer and she admitted that while she got charged up by the creative and collaborative aspects of making the film, it was also stressful being at the helm and carrying it all on her shoulders. She credited the Magic Mike star for being a calming presence.
"Whether it was making me tea or pouring me a drink or going to whip someone into shape or whatever —he really was my protector and it was really wonderful and sweet. I think if you can do something like that together, it's a good test. And we came out even stronger," said Kravitz, who is now half-way through editing the film.
Kravitz said that they tried to keep the relationship "sacred and private" for as long as they could, “so that you don’t have to even think about what the world thinks about it." But after denying early rumors that they had coupled up, a paparazzo infamously captured them in Manhattan's East Village as he pedaled her on his small set of wheels and her arms were wrapped around them.
The Batman actress explained to the outlet that it was the first time they had even gone outside together. She was walking over to her writing partner’s home, a few blocks away, and he was going to tag along on his bike. On the way, she was overheated due to her outfit choice, jeans on the hot summer day, so he offered her a lift.
Kravitz also spoke about her just prior to her relationship with Tatum. She said that she pressured herself into getting married in 2019 when inside she had self-doubt.
The article also talked the making of and her past projects, including her creative input making and disappoint over . Additionally, Kravitz's shared some tidbits about her friendship with Taylor Swift, including how when she was in London making during the pandemic, they were in the same "pod." Kravitz co-wrote and provided background vocals for "Lavender Haze" on Swift's
Wochomurka lands 20 dynamic student-athletes in Swim & Dive signing class
Auburn University Athleticshttps://auburntigers.com/news/2022/11/15/swimming-diving-wochomurka-lands-20-dynamic-student-athletes-in-swim-dive-signing-class.aspx
AUBURN, Ala. – Head coach Ryan Wochomurka has landed yet another influential recruiting class in his second year at the helm of the Auburn Swimming and Diving program.The 2022 class features 18 swimmers and two divers."We are excited to welcome this incredibly talented group of young people to the Auburn Swimming and Diving Family," said Wochomurka. "We also...
AUBURN, Ala. – Head coach Ryan Wochomurka has landed yet another influential recruiting class in his second year at the helm of the Auburn Swimming and Diving program.
The 2022 class features 18 swimmers and two divers.
"We are excited to welcome this incredibly talented group of young people to the Auburn Swimming and Diving Family," said Wochomurka. "We also look forward to investing in their success both academically and athletically as they develop into Auburn Men and Women. War Eagle!"
Wochomurka's latest batch of signees includes a multitude of US Junior Nationals qualifiers, Olympic Trials qualifiers, numerous Scholastic All-Americans and several top recruits from their respective states.
"We're very excited to have Kayla Walsh and Talan Blackmon join our program," said head diving coach Jeff Shaffer. "During the recruiting process, it was evident they would immediately fit into our program and be great teammates. Both Kayla and Talan bring experience from competing at the Junior National and Senior Open USA Diving Competitions this past summer.
"Talan brings a very athletic skill set to Auburn and will contribute on both springboard and platform events. Kayla brings experience on all three diving events as well. She's very graceful with great body awareness, she shows tremendous potential and I'm excited to welcome her to Auburn."
The Orange and Blue faithful can expect an extremely diverse group of freshmen who arrive on the Plains next fall. Four student-athletes hail from Florida, two from Colorado, Virginia, Illinois, California, North Carolina and Georgia, and one from Texas, Tennessee, Pennsylvania and Louisiana.
Aislyn Barnett Hometown: Littleton, Colo. High School: Front Range Christian School Club Team: Aces Swim Club Event: Breast Highlights: 3 sport athlete at Front Range Christian School… Top 150 recruit.
Andrew Billito Hometown: Seminole, Fla. High School: Home School Club Team: West Florida Lightning Aquatics Event: Free/Fly/Back/IM Highlights: Scholastic All-American… Ranked No. 9 in the State of Florida
Talan Blackmon Hometown: Plano, Texas High School: Plano Senior High School Club Team: Dallas Metroplex Diving Event: Diving Highlights: NISCA All-American… District Champion… Zones Qualifier… TISCA Top Finisher… Regionals qualifier… Nationals Qualifier
Morgan Carteaux Hometown: Brentwood, Tenn. High School: Ravenwood High School Club Team: Ensworth Aquatics Event: Free Highlights: 5x Junior National Qualifier… Summer Nationals Qualifier… Southeastern Champion… No. 1 recruit in the State of Tennessee… 3x State Champion… 2022 State Swimmer of the Meet… 2022 Region Swimmer of the Year… 2022 Tennessean All-Midstate Sports Awards Swimmer of the Year… 3x Scholastic All-American… 4x All-American… AP Scholar with Honors… National Honors Society Member.
Jade Castro Hometown: State College, Penn. High School: State College Area High School Club Team: Nittany Lion Aquatic Club Event: Back/Free Highlights: Scholastic All-American… National Qualifier… Nittany Lion Aquatic Club record holder… Pennsylvania State medalist… Team and pool record holder… Academic Honor Roll.
Olivia Dinehart Hometown: Miami, Fla. High School: Cutler Bay Senior High Club Team: Soflo Swimming Event: Breast/IM Highlights: Summer Junior Nationals Qualifier… State Champion in the 100 breast… Voted Team Captain in 2021…. Academic Honor Roll
Lawson Ficken Hometown: Greenwood Village, Colo. High School: Cherry Creek High School Club Team: University of Denver Hilltoppers Event: Free/Fly Highlights: 9x NISCA High School All-American… 2x USA Swimming Scholastic All-American… 6x Colorado All-State Recipient… Member of the Colorado State record-setting 200 free relay team… 2x Colorado State runner-up in the 50 free… 2x Colorado 5A State Champion… Finalist in the 50 free at the 2022 National Championships… 2022 World Championships International Team Trials qualifier.. 2x Speed Junior National Qualifier… 2022 Four Corners Championships qualifier… Academic Honor Roll
Wyllo Hanson Hometown: Williamsburg, Va. High School: Jamestown High School Club Team: Coast Guard Blue Dolphins Event: Sprints Highlights: 3x Swimmer of the Year… 50 Free VHSL Class 4 Champion… VHSL meet record holder… 2021-22 highest points scorer on the Coast Guard Blue Dolphins
Liam Heary Hometown: Sarasota, Fla. High School: Sarasota High School Club Team: Sarasota Sharks Event: Breast/IM Highlights: 6x Florida age group champion and record holder… Winter Nationals finalist… ranked No. 5 in the State of Florida… 2x High School State Champion… Former NAG record holder
Avery Henke Hometown: Lafayette, La. High School: Teurlings Catholic High School Club Team: Crawfish Aquatics Event: IM/Breast Highlights: State Champion… All-State selection… All-District honoree… All-American… No. 1 recruit in the State of Louisiana
Michelle Kaner Hometown: Des Plaines, Ill. High School: Maine West High School Club Team: Glenbrook Swim Club Event: Back Highlights: All-American… 2x All-State Selection… All-Conference in four different events… Team MVP… National Honors Society Member… Academic Honor Roll
Maggie McGuire Hometown: Irvine, Calif. High School: Santa Margarita Catholic High School Club Team: SOCAL Aquatics Event: Free/Back Highlights: Nationals qualifier… 2x CIF Team Champion… 2x Scholastic All-American… 2x NISCA All-American…2x Team Captain
Josh Noll Hometown: Peoria, Ill. High School: Dunlap High School Club Team: PAWW Event: Butterfly Highlights: Junior Nationals qualifier… Holds multiple records at PAWW… National Honors Society member… Academic Honor Roll.
Harrison Ranier Hometown: Concord, N.C. High School: Northwest Cabarrus High School Club Team: SwimMAC Carolina Event: Free/Fly Highlights: NCHSAA State Champion in the 200 free and 400 free relay… 3A West Regional champion in the 100 fly, 200 free relay and 400 free relay… South Piedmont All-Conference… Northwest Cabarrus Men's MVP… Holds 9 school records… NISCA All-American in the 100 and 200 free… Winter US Open Qualifier… Summer Junior Nationals qualifier… Winter Junior Nationals qualifier… USA Swimming Scholastic All-American
Carissa Rinard Hometown: Seminole, Fla. High School: Home School Club Team: West Florida Lightning Aquatics Event: Free Highlights: Team MVP for two seasons… All-American in the 200 free
Katie Russell Hometown: Glen Allen, Va. High School: JR Tucker High School Club Team: NOVA of Virginia Event: Distance Highlights: Named SwimSwam's 'Best of the Rest' distance freestyler… US Open qualifier… Summer Junior Nationals qualifier… JR Tucker record holder… 2x Virginia Swimming Competitive Spirt Award winner… Academic Honor Roll.
Britton Span Hometown: Atlanta, Ga. High School: Johns Creek High School Club Team: Dynamo Event: Breast Highlights: Member of the National Age Group Record-holding 4x50 medley relay team… 2x Scholastic All-American… Broke high school breaststroke record… No. 5 recruit in the State of Georgia.
Kayla Walsh Hometown: Greensboro, N.C. High School: Caldwell Academy Club Team: Triad Diving Academy Event: Diving Highlights: Team captain at the Triad Diving Academy… Principals Award Winner… Academic Honor Roll… Reformation Award Winner
Kara West Hometown: Suwanee, Ga. High School: Lambert High School Club Team: Chattahoochee Gold Event: Free Highlights: 3x team MVP… Next Level qualifier… Scholastic All-American… 2x relay record holder for Chattahoochee Gold… 2x State record holder in 50 free and 100 free… 2x GHSA Individual Champion… Female County Swimmer of the Year… All-County Team Member
Zoey Zeller Hometown: Gilroy, Calif. High School: Gilroy High School Club Team: South Valley Makos Event: Breast/IM Highlights: Olympic Trials qualifier… Finalist at SCY Junior Nationals… Top-100 recruit nationally… 2x California CCS champion… 2x top-five finisher at the California State Championships… Academic Honor Roll.
Hoag Recruits Top Cancer Research Medical Director
Carlos Becerra, M.D., comes to Hoag from Baylor University Medical CenterNEWPORT BEACH, Calif., Nov. 15, 2022 /PRNewswire/ -- Hoag Memorial Hospital Presbyterian has recruited top cancer researcher Carlos Becerra, M.D., to become the Hoag Family Cancer Institute's Medical Director of Cancer Research. He will provide strategic leadership in advancing the institute's clinical research program and helm the hospital's growing number of cancer clinical trials.Dr. Becerra served for 16 years as the Director of the Innovative C...
Carlos Becerra, M.D., comes to Hoag from Baylor University Medical Center
NEWPORT BEACH, Calif., Nov. 15, 2022 /PRNewswire/ -- Hoag Memorial Hospital Presbyterian has recruited top cancer researcher Carlos Becerra, M.D., to become the Hoag Family Cancer Institute's Medical Director of Cancer Research. He will provide strategic leadership in advancing the institute's clinical research program and helm the hospital's growing number of cancer clinical trials.
Dr. Becerra served for 16 years as the Director of the Innovative Clinical Trials Center at Baylor University Medical Center and four years as the Cancer Committee Chair at the Sammons Cancer Center in Dallas. His accomplishments in the field of cancer research have earned him respect from his colleagues and patients alike.
"Dr. Becerra comes to Hoag with a wealth of knowledge and experience in bringing clinical trial innovations to patients," said Robert T. Braithwaite, President and CEO of Hoag. "He shares in Hoag's mission to be at the forefront of discovering new and better treatment options and deliver the best possible care that can't be found at other hospitals in our area. We are thrilled to welcome Dr. Becerra to Hoag."
Hoag currently provides patients with access to more than 100 clinical trials in cancer alone. These trials, funded in part by philanthropy, evaluate leading-edge options to treat some of the most prevalent cancers, including breast, lung, gynecologic, prostate and gastrointestinal cancers.
Dr. Becerra said Hoag has long enjoyed a reputation for providing patients with access to research without having to travel far from home, and he is excited to join a team that is dedicated to making a significant impact on cancer prevention, detection and treatment.
"Hoag is in one of the most unique positions in the country in that it offers patients access to top-tier clinical trials and research," Dr. Becerra said. "The commitment to bringing together some of the brightest physician scientists to lead groundbreaking research is what attracted me to join this talented team."
Hoag is a nonprofit, regional health care delivery system in , California. Delivering world-class, comprehensive, personalized care, Hoag consists of 1,800 top physicians, 15 urgent care facilities, 10 health & wellness centers, and two award-winning hospitals. Hoag offers a comprehensive blend of health care services that includes six institutes providing specialized services in the following areas: , , , , , and orthopedics through Hoag's affiliate, which consists of an orthopedic hospital and four ambulatory surgical centers. Hoag is the highest ranked hospital in by and the only OC hospital ranked in the Top 10 in , as well as a designated Magnet hospital by the American Nurses Credentialing Center (ANCC). For more information, visit .
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Australia Seen Hitting 3% Wage Growth as Inflation Risks Linger
(Bloomberg) -- Australia’s central bank Governor Philip Lowe is likely to see the faster wage growth he’s spent much of his six years at the helm rooting for in an economy that’s weathering its hottest inflation in three decades.Economists predict government data Wednesday will show the Wage Price Index advanced 3% in the third quarter from a year earlier, the fastest pace since the first three months of 2013.In the current environment of rapid price gains, that level of wage growth is still relatively contain...
(Bloomberg) -- Australia’s central bank Governor Philip Lowe is likely to see the faster wage growth he’s spent much of his six years at the helm rooting for in an economy that’s weathering its hottest inflation in three decades.
Economists predict government data Wednesday will show the Wage Price Index advanced 3% in the third quarter from a year earlier, the fastest pace since the first three months of 2013.
In the current environment of rapid price gains, that level of wage growth is still relatively contained compared with other economies from Washington to Wellington. The Reserve Bank has also said wage increases remain consistent with a return of inflation to its 2-3% target from a forecast peak of 8% this year.
Still, that situation is at risk of changing as workers trying to cope with the rising cost of living demand compensation via sharp pay increases, giving a further leg up to inflation.
Despite its central case that wages growth will remain moderate, the RBA reiterated the need to avoid “a price-wage spiral” in minutes of its Nov. 1 policy meeting released Tuesday. The bank said it will pay close attention to the evolution of price-setting at firms and labor costs.
“What the RBA doesn’t want to see is wages running north of 3.5%-3.75% because then you’ve got to engineer an increase in unemployment to drop the rate of wages growth,” said Gareth Aird at Commonwealth Bank of Australia. “That’s the place that the US is in at the moment, where wages growth is just too strong.”
Australia’s jobless rate is hovering near a 50-year low, highlighting the tight labor market underpinning wages. Jobs data out Thursday is forecast to show employment rose by 15,000 in October and unemployment held at 3.5%, outcomes that would point to ongoing firmness in the market and the possibility of wage gains continuing to strengthen.
Still, some economists say employment has peaked with the economy adding only 500 positions in the past three reports.
For its part, the RBA sees the risk to the economy from large rate hikes hitting the housing market and indebted households as greater than the danger of accelerating wages fueling inflation. The bank is also welcoming bigger pay rises in the short-term after so many years of scant increases.
That’s why Lowe has opted to downshift to quarter percentage-point interest-rate increases and officials have started highlighting potential for a pause. The cash rate was raised to 2.85% this month from a record-low 0.1% in May when the cycle began.
Moves by the new Labor government are another factor the RBA needs to keep an eye on. Prime Minister Anthony Albanese has been taking some heat as real wages fall.
Wednesday’s wages data will likely be buttressed by a 5.2% increase in the minimum wage. Salaries may also get structural support from government legislation currently before parliament that would allow the industrial umpire to step in when talks between workers and firms break down, and push for an expansion of multi-employer bargaining.
“The longer the labor market stays incredibly tight and you’ve got really elevated job vacancies then it’s possible wages growth ends up accelerating and you get this circularity where wages expectations have gone up and that keeps inflation elevated,” said Aird, head of Australian economics at CBA. “That’s what we think is a risk to the outlook, but it’s not our base case.”
--With assistance from Tomoko Sato, Swati Pandey and Garfield Reynolds.
©2022 Bloomberg L.P.