Tech: Sheryl Sandberg steps down

Welcome back, readers. It's Jordan here, writing to you from New York. Today, insiders are taking us behind the scenes of Sheryl Sandberg's exit from Meta, and DeLorean just revealed its electric concept car.

Let's dive in.

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1. Meta COO Sheryl Sandberg is stepping down. After 14 years at Facebook, several of which were spent as Mark Zuckerberg's closest executive confidant, Sandberg announced she'd be leaving the company.

• In interviews, employees described a marked pullback in her role and leadership on vital projects, saying she's been steadily losing power and influence at the company. Insiders also said Sandberg's public missteps and the company's shifting priorities spurred her exit.

• As per Fortune, Sandberg said she will now focus on philanthropy and women's rights issues, amid suggestions that she may pursue a career in politics.

• Though Sandberg will begin to transition out of her role in the coming months, she'll remain on the company's board of directors, according to a post from Zuckerberg. Zuckerberg also announced that Meta's new COO will be Javier Olivan, the company's chief growth officer who has been with Meta for 15 years.

Go behind the scenes of Sandberg's departure.

In other news:

2. A Netflix engineer making $450,000 a year explains why he quit. At first, Michael Lin thought he was living the Big Tech dream: Hefty paycheck, nice perks, and unlimited PTO. But as the shine wore off, he found few opportunities for career progression — and that the money wasn't worth the boredom.

3. Google Cloud insiders dish on CEO Thomas Kurian's strategy. Kurian has long made sales a cornerstone for the business. And while employees say it's helped the unit grow in leaps and bounds, it's also left salespeople fighting with each other and constantly worried about job security.

4. Seattle is the first US city to set a minimum wage for app-based delivery drivers. The "Pay Up" bill will make the minimum wage for delivery drivers $17.27 an hour, effective in 2023. Here's the latest.

5. If you feel like a totally different person over Slack, you're not alone. In a recent survey, 97% of respondents said they add extra sentences, punctuation, and emojis to their digital communications to clarify tone and meaning — and experts say this so-called "Slack-splaining" can be psychologically taxing.

6. Thousands of Salesforce employees signed a letter demanding the company cut ties with the NRA. More than 4,000 workers urged company leaders to drop the National Rifle Association as a customer. Take a look at what the letter demands.

7. At a San Francisco coliving house, Gen Zers build Web3 startups by day — and party at night. Beyond just a cheaper place to live, the Elysian House has become an environment for eight 20-somethings to pursue their own startups as founders, early employees, or investors. Inside the Elysian House.

8. Navigation company TomTom just laid off 500 employees. Improvements to TomTom's mapmaking automation has led to the cuts in its maps unit — totaling 10% of its global workforce. What we know so far.

Odds and ends:

9. DeLorean just revealed its new all-electric concept car. With the original gull-wing doors and room for four, the car — dubbed the Alpha5 — harkens back to the iconic DMC-12. Check out the concept Alpha5.

10. These are the most anticipated new TV shows premiering in June. Another month, another roundup of streamers' newest upcoming debuts. This month, viewers are looking forward to titles like Disney+'s "Ms. Marvel" — see the full list here.

What we're watching today:

• Asana, Crowdstrike, Okta, and others report earnings today. Keep up with earnings here.
• Droidcon San Francisco is happening today and tomorrow.
• Graph Day is also kicking off in San Francisco today.

Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom. Listen here.

Curated by Jordan Parker Erb in New York. (Feedback or tips? Email jerb@insider.com or tweet @jordanparkererb.) Edited by Hallam Bullock (tweet @hallam_bullock) in London.