Meta approves massive bonuses for executives after broad layoffs

Meta has offered up a lucrative new executive bonus plan, according to a company filing released Thursday. Under the new plan, executives could earn a yearly bonus of 200 percent of their base salary, which is up from 75 percent. This comes just after Meta announced sweeping layoffs impacting five percent of its workforce.

A committee for Meta’s board of directors approved the change on February 13, on the grounds that the “target total cash compensation” for its executives “was at or below the 15th percentile of the target total cash compensation of executives holding similar positions” at rival companies. It’s worth noting that the new bonus plan doesn’t apply to CEO Mark Zuckerberg. Don’t worry about his bottom line, however, as he’s worth nearly $250 billion.

Meta has also decided to slash its annual distribution of stock options by around ten percent for thousands of its regular employees, according to a report by The Financial Times. The exact reduction could differ depending on where the employees live and what they do, but Meta hasn’t commented further on the decision.

As previously noted, Meta is in the process of laying off five percent of its global workforce. This is despite the fact that company shares are up nearly 50 percent over the past year, with a current stock price of around $687 per share. Also, it recently announced that its fourth-quarter revenue grew 21 percent year-over-year to more than $48 billion. The company has cut more than 20,000 jobs in the past couple of years.

“A leaner org will execute its highest priorities faster. People will be more productive, and their work will be more fun and fulfilling,” Zuckerberg said at the tail-end of last year. Nothing says “fun and fulfilling” more than watching your co-workers get laid off while the executives get massive bonuses.

If you’re a current or former Meta employee with thoughts on this new executive bonus structure, hit me up on Signal at LawrenceBonk.96. I’ll ensure that things are kept anonymous.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/meta-approves-massive-bonuses-for-executives-after-broad-layoffs-183222951.html?src=rss 

Coinbase says Trump’s SEC has ended its enforcement case against the crypto company

Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government will enforce the crypto market now that Trump is in office. The lawsuit, which was filed during the Biden administration, has long-been considered an attempt to bring the crypto industry under the same investor-protection rules that govern stocks and other securities.

Coinbase had been fighting the lawsuit on the grounds that it didn’t run a securities company, likening the commodities it sells to baseball cards. That appeal will soon be moot, assuming the SEC officially votes to dismiss the suit. This should happen next week.

“It’s a great day for Coinbase and for crypto,” Paul Grewal, Coinbase’s chief legal officer, told The Wall Street Journal. “We were committed to defending it to the gates of hell, for as long as it took and for as much money as it took.”

Coinbase co-founder and CEO Brian Armstrong went on CNBC’s Squawk Box and said that the company will not be paying a fine of any kind. He also said the agreement to end the case marks a “huge day” for Coinbase and that it will cause a “domino effect for the rest of the industry.” He also blamed the original suit on a “small group of activists in this prior administration.”

This move doesn’t come as a huge surprise, given President Trump’s recent embrace of crypto. He even has his own digital coin. To that end, the SEC has already started to break up the special enforcement unit that was devoted to investigating crypto organizations. Coinbase and its rivals spent millions of dollars throughout the last election cycle to help elect crypto-friendly lawmakers. It looks like that investment is paying off.

Acting SEC Chairman Mark Uyeda recently said that the organization would now “deploy enforcement resources judiciously” when investigating crypto companies. He also said that a new task force would be moving away from the commission’s previous approach toward the crypto market.

Republican House and Senate lawmakers are working on legislation that would reclassify cryptocurrencies as commodities, according to The Wall Street Journal. This change would likely hand oversight of crypto assets to the Commodity Futures Trading Commission, which is a much smaller agency than the SEC. The CFTC is actually smaller than ever right now, given that the Trump administration laid off a bunch of employees earlier this week.

The crypto market is certainly responding favorably to all of this news. Coinbase’s stock price is up, and the same goes for Robinhood. Rival market Binance even restored fiat deposits and withdrawals this week, which were suspended in 2023 after the SEC sued the company for violations of securities laws.

This article originally appeared on Engadget at https://www.engadget.com/big-tech/coinbase-says-trumps-sec-has-ended-its-enforcement-case-against-the-crypto-company-171331785.html?src=rss 

Apple disables iCloud’s Advanced Data Protection feature in the UK

Apple users in the UK can no longer access one of the company’s most advanced data protection tools, reports Bloomberg. The feature, Advanced Data Protection, allows iPhone users to add optional end-to-end encryption to a variety of iCloud data. The move comes amid an ongoing dispute between Apple and the UK over a government order that would require the company to build a backdoor to allow British security officials to access the encrypted data of users globally. 

Apple did not immediately respond to Engadget’s comment request. 

“We are gravely disappointed that the protections provided by ADP will not be available to our customers in the UK given the continuing rise of data breaches and other threats to customer privacy,” the company said in a statement it shared with Bloomberg. “ADP protects iCloud data with end-to-end encryption, which means the data can only be decrypted by the user who owns it, and only on their trusted devices.”

Developing… 

This article originally appeared on Engadget at https://www.engadget.com/big-tech/apple-disables-iclouds-advanced-data-protection-feature-in-the-uk-173016447.html?src=rss 

Elon Musk’s DOGE reportedly cuts staff at agency that regulates Elon Musk’s Tesla

Elon Musk’s chainsaw has been swinging through the federal government over the last few weeks, with his Department of Government Efficiency (DOGE) chopping down budgets and excising staff at a number of agencies. Among those affected is the National Highway Traffic Safety Administration (NHTSA), which is said to be losing about 10 percent of its relatively small headcount through buyouts and firings.

According to The Washington Post, between 70 and 80 people are departing the agency, which is responsible for road safety in the US. Those ex-employees are said to have worked in a number of areas, such as safety grant funding and crash test dummies.

The DOGE cull also impacted three people from a very small team that was working on the safety of autonomous vehicles, such as those from Alphabet’s Waymo, Amazon’s Zoox and — hey, look at that! — Elon Musk’s Tesla. It’s probably just a coincidence that an organization headed by the same person who is CEO of a prominent company that’s working on self-driving cars has cut federal employees that are evaluating the safety of such technology. Probably.

“If the question is, will this affect the federal government’s ability to understand the safety case behind Tesla’s vehicles, then yes, it will,” one of the fired engineers told The Post. “The amount of people in the federal government who are able to understand this adequately is very small. Now it’s almost nonexistent.”

The NHTSA expanded from around 600 workers to 800 or so during the Biden administration. The autonomous vehicle oversight team was formed as part of that growth. Since several of its seven or so members were new to the federal government, their employment status was at risk due to a DOGE initiative to cull probationary employees from the federal workforce, as The Post notes. Other agencies that have been impacted include the Federal Aviation Administration, which last week cut around 400 probationary employees.

Musk and President Donald Trump pledged in an interview this week that the former, who has been designated as a “special government employee,” wouldn’t be involved in decisions that would mark a conflict of interest with his businesses.

The NHTSA has issued numerous recalls for Tesla vehicles over the years (including a recall of more than 2 million vehicles to fix Autopilot safety controls). In April 2024, the agency released the results of an investigation into 14 deaths linked to driver misuse of the company’s Autopilot feature. Last month, Musk said that Tesla will roll out a paid autonomous ride-hailing service in Austin this June.

This article originally appeared on Engadget at https://www.engadget.com/transportation/elon-musks-doge-reportedly-cuts-staff-at-agency-that-regulates-elon-musks-tesla-173618858.html?src=rss 

One of our favorite power banks is 52 percent off right now

Here’s a great deal on one of our favorite power banks. You can pick up the skinny Baseus Blade for $47.59 with the help of our exclusive code. That’s 52 percent off the regular price of $100.

The power bank is on sale for $70 on Amazon. To get the full discount, you’ll need to clip the 10 percent coupon on the store page. Then, at checkout, be sure to use the code BGAEY8HX to get the full discount.

The Baseus Blade is our pick for the best budget laptop power bank. Thanks to the slim form factor and light weight (it’s just over a pound), it’s easy to slip into a bag next to your laptop. It has a decent array of ports, with two USB-C and two USB-A slots. There’s support for 100W fast charging via the USB-C ports. You can also track charging speed and time on an LED display.

The power bank has a capacity of 20,000mAh, which is enough to charge a fifth-gen iPad Air 1.5 times over or a 14-inch MacBook Pro to 80 percent, per Baseus. In our testing, we found that it could top up a 16-inch MacBook Pro’s battery from 10 percent to 62 percent in just over an hour. You can also use it to juice up a portable games console, such as a Nintendo Switch or Steam Deck.

There’s certainly a trade off compared with beefier power banks that have a larger capacity. But in terms of bang for your buck, the Baseus Blade isn’t bad at all, especially when you factor in the convenience of the slim, 0.7-inch design.

Follow @EngadgetDeals on Twitter and subscribe to the Engadget Deals newsletter for the latest tech deals and buying advice.

This article originally appeared on Engadget at https://www.engadget.com/deals/one-of-our-favorite-power-banks-is-52-percent-off-right-now-160430250.html?src=rss 

Moroi preview: A grimdark action game that’s actually pretty funny

The most surprising thing about Moroi is its sense of humor. Moroi is a top-down, dual-stick action and puzzle game set in a dungeon of surreal horrors, where each cell contains a unique and grotesque vignette. In the first area of the map, there’s a cell containing a sentient meat grinder that craves human flesh. In another, a dead man is strapped to a feeding tube that’s still pumping slop into his bulbous, pulsing stomach. The next room over, you meet a talking duck with far too many human teeth in its mouth. One tooth would be too many, but this duck has a full, smiling set. And then he rips them all out for you, leaving behind a bloody, empty bill.

And this moment makes me laugh out loud. The gore in Moroi is so ridiculous that it turns the corner into hilarity, tapping into the gruesome absurdity that makes b-horror movies so charming. You don’t expect the duck to have human teeth, but what’s even more surprising is their sudden removal and the duck’s leftover, blood-smeared smile. These shocking moments of levity appear in Moroi at a rapid-fire pace, twisting the vibe from brutality to bizarreness and back until it feels like you’re trapped in a Francisco Goya fever dream directed by Sam Raimi. It’s pretty awesome.

Moroi comes from creator Alex Stanescu and his independent studio, Violet Saint. Though he’s now based in Switzerland, Stanescu is Romanian and Moroi is filled with grimdark takes on his homegrown fairy tales. The game’s name refers to a vampire in Romanian folklore, even. Stanescu was also inspired by David Lynch, Heironymous Bosch, H.R. Giger and Little Nightmares, with a dash of Robert Sheckley and Douglas Adams for humor. But at its core, Moroi is a completely original world of creepiness, Stanescu explained during a media briefing hosted by the game’s publisher, Good Shepherd Entertainment.

“There’s a big pool of things in my subconscious from which I pull,” he said. “General grotesquery, maybe carnival art, Bosch and early medieval art, and caricature. I always try to find my own style.” Stanescu later clarified further, saying, “Creepy things. Like, for example, in a puzzle, you have to vomit blood into the mouth of someone else. And you will find reality shifting in some places, like in a room you find someone else than you expect to find, and so on. Let’s say dream logic.”

Violet Saint

It’s more like nightmare logic, really. Each of the cells in Moroi is connected — get the severed hand from the autocannibal so the meat grinder can make bone dust, which you can then give to the creepy wizard, who turns it into salt for the witch, who’s then devoured by her own potion, and so on. Eventually in the introductory level, you find a sword, break down a door and continue your quest to escape, but the prison only grows more strange. Every now and then, a voice interrupts your progress, whispering for you to find it. The creatures in the cells seem to know who you are, even though you have no memory of this place. There’s way more going on in Moroi than meets the eye.

“I tell a lot of it through the lore and collectibles, so those will carry a lot of storytelling,” Stanescu said. “The storytelling given by the characters and by the gameplay is pretty cryptic. You have to find and pay attention to what’s happening.”

There are no branching storylines in Moroi, but your choices throughout the game will affect how it ends, according to Stanescu. He said the full experience should take about nine hours to complete, but this can be extended if you hunt down all of the secrets.

Violet Saint

Combat in Moroi is fast and fun, and heavy metal replaces the game’s moody dungeon music at the beginning of each fight, setting an appropriate tone of chaos and carnage. Dungeon guards are the main enemies and they appear in waves of five or so at a time, some with more powerful moves than others. I ended the hour-long demo with an enhanced sword and a gatling gun in my arsenal. With a sword, you have basic and heavy attacks, plus a finishing move that builds up as you deal damage. The gun doesn’t require ammo but it runs on a cooldown mechanic, and it has a basic shot and a finisher. Dodge rolls round out your moveset in the early game, and the balance in these battles feels just right. On top of dodging and attacking, there are fiery cores scattered around the environments that you can explode for AOE damage — but be warned, if you’re too close to the boom, you’ll get hurt, too. The end of each battle is marked by piles of intestines and busted corpses — hopefully not yours — littering the cobblestones.

The amount of blood-soaked surrealism, frantic combat and body horror in Moroi’s first hour is impressive, and I’m amped to discover all of the secrets in the full game, no matter how many exploded corpses I have to dig through. Or maybe even because of all the exploded corpses.

Moroi is due to hit PC pretty soon — “early 2025.”

This article originally appeared on Engadget at https://www.engadget.com/gaming/pc/moroi-preview-a-grimdark-action-game-thats-actually-pretty-funny-150009465.html?src=rss 

ChatGPT’s AI agent Operator is now available for most Pro users

Operator is now out in Australia, Brazil, Canada, India, Japan, Singapore, South Korea, the UK and most places where ChatGPT is also available, OpenAI has announced. The company launched Operator in the US back in January, introducing it as an “agent that can go to the web to perform tasks” for the user. Operator can handle various browser-based tasks for users, such as filling out forms, making restaurant reservations and ordering groceries. At the moment, it’s still a research preview in its early stages that comes with limitations, but the company said it hopes to roll out improvements based on user feedback.

Operator is now rolling out to Pro users in Australia, Brazil, Canada, India, Japan, Singapore, South Korea, the UK, and most places ChatGPT is available.

Still working on making Operator available in the EU, Switzerland, Norway, Liechtenstein & Iceland—we’ll keep you updated!

— OpenAI (@OpenAI) February 21, 2025

The tool is powered by a model called Computer-Using Agent (CUA) that’s trained to see and interact with the buttons, menus and text fields people see when they visit a website. It can click buttons, type on text fields and basically interact with those elements “using all the actions a mouse and keyboard allow.” In its announcement, the company said it’s still working on launching Operator in the EU, Switzerland, Norway, Liechtenstein and Iceland. 

Operator is still only available for subscribers paying $200 a month for ChatGPT Pro, but the company plans to expand its availability to Plus, Team and Enterprise users in the future, before ultimately integrating its capabilities into ChatGPT. When that happens, it could be doing tasks for hundreds of millions of people around the world: ChatGPT recently surpassed 400 million weekly active users, twice as many as the user count OpenAI reported in August 2024. 

This article originally appeared on Engadget at https://www.engadget.com/ai/chatgpts-ai-agent-operator-is-now-available-for-most-pro-users-133050651.html?src=rss 

The Morning After: Apple reveals its new cheapest iPhone. What’s missing?

If you couldn’t stomach $800 for a new iPhone with Apple Intelligence, don’t worry: Apple just announced the iPhone 16e. At $599, it strikes a balance on specs, which is the soft and cosy way to say it doesn’t have everything.

It has a lot, though. With a 6.1-inch screen, it’s a much bigger device than the 4.7-inch iPhone SE, with a notch for FaceID (no more TouchID), USB-C (adios, Lightning) and the company’s A18 processor. There’s also an action button, which arrived with the iPhone 15 series, but no Camera Control.

Apple

That’s the same processor as the $800 iPhone 16, so you’ve got access to what seems to be the full gamut of Apple Intelligence. That includes generative AI writing tools, Genmoji, Image Playground, Visual Intelligence and ChatGPT integration. So yeah, a mixed bag.

The notable hardware standout might be the single 48-megapixel Fusion camera, at a time when ‘pro’ iPhones have three. The last time I tested a single-camera smartphone was the Pixel 4a back in 2020. Oh, and the last iPhone SE.

Apple has dropped both wireless charging and MagSafe’s magnetic ring for the iPhone 16e too, which is a surprise. I’m not a huge fan of wireless charging. It’s slow, inefficient and confusing. Having said that, I hope this isn’t the beginning of the end for Apple’s wireless charging feature. I love the mag part of MagSafe, which has introduced far more elegant tripods and phone mounts that lock iPhones in place without needing a clamp or a plug. In recent years, we’ve got unofficial MagSafe cases for other smartphones, so I can do the same with my Android phones.

The iPhone 16e lands on February 28 in black and white, but don’t worry, there will be fizzy color cases. Even if they don’t have MagSafe.

(And kudos to this hilariously timed discount on the Pixel 8a, now only $399. I love a good troll deal.)

— Mat Smith

A $599 iPhone 16e is a cruel joke

Great cameras, not Apple Intelligence, is what people want from an iPhone 16e

The iPhone 16e’s lack of MagSafe doesn’t make sense

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Humane’s AI pins will stop working in 7 days

HP has bought the company’s IP, but it doesn’t want the pins.

Engadget

The company behind the widely ridiculed AI assistant badge/thing has sold all its assets to HP for $116 million — not the billion-dollar buyout it hoped for.

In a note to its customers, the company said AI Pins will “continue to function normally” until 12PM PT on February 28, less than a week from now. Customers still within the 90-day return window (why did you buy it?!) will get a refund.

Continue reading.

The Humane AI Pin is the solution to none of technology’s problems

After its reputation went up in flames, Humane warns users its charging case may too

Oppo’s Find N5 is a very thin foldable with a giant battery

And a price tag to match the Galaxy Z Fold 6.

Engadget

Oppo’s Find N5 is thinner than a headphone jack when unfolded and weighs only 229 grams. That’s just a few more than a typical flagship phone. Despite that footprint, it packs a 6.62-inch outer display and an 8.12-inch inner screen, with a seven-core Snapdragon 8 Elite processor and a 5,600mAh battery, which supports 80W wired charging and 50W wireless charging. It’s technically impressive, but there’s no word on when the device will make it to the US. Typically, the devices hit the US under OnePlus branding, but that company says there will be no OnePlus Open 2 this year, so you may have to go out of your way to get your hands on one. Also, expect to pay just shy of $2,000.

Continue reading.

The biggest tech stories you might have missed

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xAI launches Grok 3 AI, claiming it is capable of ‘human reasoning

You can now apply for the ‘opportunity to purchase’ an RTX 5090 or 5080 from NVIDIA

This article originally appeared on Engadget at https://www.engadget.com/general/the-morning-after-engadget-newsletter-121944067.html?src=rss 

Engadget Podcast: Hello $599 iPhone 16e, RIP iPhone SE

Well we didn’t get the iPhone SE fourth-gen this week — instead Apple debuted the iPhone 16e, a $599 model based on the iPhone 14’s design. It has a 6.1-inch OLED screen and the A18 chip for Apple Intelligence, but should we really consider it a cheap iPhone? In this episode, Devindra and Cherlynn dive into the iPhone 16e and how it compares to the rest of the iPhone 16 family.

Listen below or subscribe on your podcast app of choice. If you’ve got suggestions or topics you’d like covered on the show, be sure to email us or drop a note in the comments! And be sure to check out our other podcast, Engadget News!

Subscribe!

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Topics

Apple unveils its SE successor, the iPhone 16e for $599 – 1:22

Trump administration planning on 25 percent tariffs on auto and semiconductor imports – 32:02

Acer to raise prices by 10 percent following tariff talk – 34:26

Humane AI sells to HP, pin will go offline February 28 – 36:42

Microsoft’s new quantum computing chip runs on topological qubits – 41:14

Working on – 47:28

Pop culture picks – 50:06

Credits 

Hosts: Devindra Hardawar and Cherlynn Low
Producer: Ben Ellman
Music: Dale North

This article originally appeared on Engadget at https://www.engadget.com/ai/engadget-podcast-hello-599-iphone-16e-rip-iphone-se-123035392.html?src=rss 

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