What Happened to the Tech Industry’s ‘Perks Culture’?
After mass layoffs and a pivot to A.I., the tech industry has been scaling back on the splashy and quirky benefits it had become known for.
The deal, which includes a $175 million settlement with the state, keeps the drivers classified as independent contractors, not employees.
The payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.
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