OpenAI's September revenue run rate below earlier estimate, source says
Investors were told annualized revenue was almost $50 billion, rather than the previously indicated level approaching $70 billion.
Flock to reduce staff by 18% amid surveillance scrutiny
Around 270 employees will leave at the end of October through voluntary buyouts, according to a media report.
Flock, which makes surveillance cameras, is shrinking its workforce by 18% as its tracking technology draws opposition from U.S. communities and lawmakers. Around 270 employees across the company are due to leave at October’s end under a voluntary buyout program, according to a media report.
Spokesperson Paris Lewbel confirmed that Flock had offered employees a voluntary separation program, describing it as preparation for the company’s next growth phase rather than a layoff. Lewbel declined to address whether CEO Garrett Langley or other executives had accepted pay reductions.
Flock’s U.S. camera network numbers more than 100,000 license plate readers. The devices enable police and federal agents to trace vehicles as they pass cameras. Communities and legislators have challenged the company’s privately operated surveillance system.
Misuse of access to the system has led to dozens of police officers being arrested, dismissed or compelled to resign. Those cases involved officers searching for, tracking or stalking people without warrants or permission.
The company has also faced criticism over cameras being exposed to public internet access. Security experts have questioned the technology’s accuracy after incorrect plate identifications led to improper vehicle stops and arrests. Multiple law enforcement agencies, including the Los Angeles police department, have let their contracts lapse, citing concerns over civil liberties and privacy.