Sources: Meta fired or disciplined more than 24 employees and contractors over the past year for allegedly taking over user accounts, sometimes for bribes (Wall Street Journal)

Noam Scheiber / New York Times:
The Labor Department releases a nonbinding proposal to classify US gig workers as employees and not independent contractors  —  A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.

Julia Love / Bloomberg:
In NLRB complaints, the Alphabet Workers Union claims some contract workers were fired for supporting a union and faced retaliation after pushing for benefits  —  Contract workers at Google’s data centers allege that they were fired for supporting a union and faced retaliation after pushing …

Will Feuer / Wall Street Journal:
Citing a weakened market, Micron says wafer production for DRAM and NAND memory chips will be down about 20% over the past quarter; Micron’s stock fall 5%+  —  Company cites market conditions for softening demand  —  Micron MU -5.04%decrease; red down pointing triangle Technology Inc …

Wall Street Journal:
Sources: Lyft plans to cut 13% of its 4,000 employees, after previously cutting 60 people, or under 2% of its workforce, in July  —  Ride-hailing company to cut 13% of staff in second round of job cuts  —  Lyft Inc. LYFT -0.43%decrease; red down pointing triangle is cutting 13% of staff …

Yuki Okoshi / Nikkei Asia:
China tops the US to take the top spot in research papers accepted by the prestigious International Solid-State Circuits Conference for its 2023 event  —  Chinese universities, companies produce 30% of papers accepted by ISSCC  —  TOKYO — China has submitted the most research papers accepted …

Bloomberg:
Sources: Intel is planning major job cuts, likely in the thousands, as early as this month; some divisions, including sales and marketing, could see ~20% cuts  —  Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope …