Insider Finance - Business - Signs you might be ‘quiet fired’

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March 3, 2023

Hello, Insiders. All week, I’ve been exploring the war between Russia and Ukraine — and I want to wrap things up by focusing on the Ukrainians impacted by this conflict. Our reporters have spoken with many of them over the last year.

The stories are harrowing. We spoke with the body collectors who are retrieving bodies from mass graves in Ukraine. Our comics team told the story of Ihor Talalay, who spent 88 days in Russia's filtration system in Ukraine.

A Goldman Sachs engineer who fled Ukraine told us about the survivor’s guilt she felt for escaping. A 34-year-old founder told us she had to turn to scrappy opportunities like making boots for soldiers. One man told us about his efforts creating a "cyber army" of 1,000 volunteers to help Ukraine defeat Russia.

With that, let’s get started.

— Nicholas Carlson

ON THE AGENDA

In today's edition

Six ways companies are ”quiet firing” white-collar workers.
The unraveling of a $1 billion fintech darling.
The problem with home-flipping giants.

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THE LATEST

Murdaugh, Lufthansa, & more

Alex Murdaugh was found guilty of the murders of his wife and youngest son. Three deaths potentially linked to the Murdaugh family remain unsolved. Read our story.
The Twitter leaders Elon Musk put in place keep quitting or getting fired. See who's left and who's recently been hired.
A dog was on the Lufthansa flight that hit turbulence so severe it sent seven passengers to the hospital. It took hours for the owner to learn if the pup was OK. More here.

THE BIG STORY

Home-flipping giants

Rachel Mendelson/Insider

The corporate scalpers of the housing market are struggling.

Individual flippers typically perform extensive improvements before relisting a home for sale. But these firms — including Opendoor, Offerpad, and now-defunct arms of Zillow and Redfin — would sell properties just weeks after closing on them.

And as the housing market stalls, it's becoming harder for these companies to make a profit.

Trying to time the market is difficult, and betting that prices will continue to increase indefinitely is tricky for anyone. But the strategy of flipping homes en masse has not had to endure a housing-market downturn — until now.

READ THE FULL STORY HERE

TOP READS

Quiet firing, fintech darling, & more

Vise; Getty Images; Alyssa Powell/Insider

Inside the unraveling of fintech darling Vise. The cofounders raised $120 million by age 21. Then their Silicon Valley lifestyle and demands for fast growth rattled them, current and former employees say. Insider spoke to 31 people familiar with Vise, including both founders. Read our full report.
How to tell if you’re being “quiet fired.” That’s the term for what happens when companies try to push out employees. From seeing your benefits slashed to having your pay frozen, here are six signs it could be happening to you.
Google Cloud CEO’s rallying cry. Insider obtained leaked audio from an internal town hall meeting held last month where Google’s Thomas Kurian vowed to build the "best capability" in artificial intelligence, while also calling out competitors. Read our transcript.
Whether you realize it or not, you're familiar with Law Roach's work. The celebrity stylist is the creative mind behind the fashion of stars like Zendaya and Kerry Washington. In a new conversation, the stylist talked about his career and so much more. Read our interview here.
Remember this next time you see a bear. Today in warnings you didn’t know you need: The National Parks Service says pushing a “slower friend” over and abandoning them isn't the best way to escape from a bear. What to know.
“I'm a Gen X working mom who tried TikTok's 'Bare Minimum Monday' trend.” The idea is to eliminate the "Sunday scaries" and lower stress by taking it easy on Mondays. Insider's Rebecca Knight found that the trend was harder than it looked. Here’s what happened.
People are using a 20-cent diabetes drug to lose weight and reverse aging — but it can cause severe gastrointestinal side effects. Taken off label, Metformin can lead to explosive diarrhea without warning. Here's what experts want people to know.

TAKE A LOOK

An astonishing airport

Taylor Rains/Insider

The coolest features of Singapore’s Changi Airport. Insider’s Taylor Rains visited the iconic airport and discovered that many of its best attractions don’t require a business-class ticket, or are completely free. From its butterfly garden to the free movie theater, here are the 10 best things to do there.

WATCH THIS

“Mega Prison”

Inside El Salvador’s prison for 40,000 inmates. El Salvador’s government released footage of its new “mega prison,” which is considered the largest in the Americas. President Bukele’s government moved thousands of suspected gang members there. Check it out.

CAN'T GET ENOUGH?

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This edition was curated by Nicholas Carlson, and edited by Lisa Ryan, Dave Smith, Nathan Rennolds, Jack Robert Stacey, and Shona Ghosh. Get in touch: insidertoday@insider.com.

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Insider Finance - Business - Signs you might be ‘quiet fired’

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