Music streaming service Spotify will cut about 17% of its global workforce, becoming the latest big tech company feel the bite of the economy. The figure represents around 1,500 of the Sweden-based streamer’s 9,000 staff, as is the result of economic growth slowing “dramatically,” according to Spotify CEO Daniel Ek. …
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According to Ava Labs CEO Emin Gün Sirer, the cuts were necessary to restructure and reallocate resources in the ongoing crypto bear market. The cryptocurrency job market continues to face issues with layoffs amid the challenges and uncertainty of the crypto bear market. One of the recent ones is the …
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OpenSea, the largest NFT marketplace, announced Friday that it was ending the employment contracts of half of its workforce. CEO Devin Finzer revealed they are starting again with a new OpenSea product line and culture in a nine-part Twitter thread. OpenSea Restructures OpenSea is moving forward with a more streamlined …
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Condé Nast plans to cut 5% of its workforce, acknowledging the toll of digital video’s shift toward short-form fare inspired by TikTok. The parent company of well-established media brands like Vanity Fair, GQ and The New Yorker will cut about 270 employees from its global ranks of about 5,400. CEO …
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Ripple’s expansion plans come months after its partial victory in its ongoing legal battle with the US SEC. In a strategic move aimed at addressing ongoing regulatory issues in the United States, Ripple, a blockchain payment company, is gearing up to significantly expand its workforce in international markets. In an …
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Retirement savings have always been a priority for hardworking individuals, especially those who belong to unions or serve as firefighters. These individuals dedicate their lives to protect and serve their communities, often putting their own safety on the line. Ensuring that they have a secure financial future is just one …
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The company said users will be able to delete their health data if they want to and they will also be able to save scanned images to their respective phone’s camera roll. American multinational technology giant and the world’s biggest e-commerce outlet Amazon.com Inc (NASDAQ: AMZN) has announced it will …
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Africa CDC, Institut Pasteur de Dakar (IPD) and the South African Medical Analysis Council (SAMRC) are co-hosting the primary Biomanufacturing Workforce Growth workshop in Africa. Over 30 associate organisations will contribute to understanding the panorama of biomanufacturing coaching, gaps and alternatives for constructing a gifted and expert workforce on the …
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Spotify introduced Monday it is chopping 6% of its world workforce because the music streaming firm contends with a dismal financial atmosphere that has seen shoppers and advertisers alike restrict their spending. Spotify has a complete workforce of round 9,800 individuals, which implies the cuts influence about 600 staff. In …
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Employers these days seem to feel they have plenty of employees — maybe even too many as the economy slows down. That’s what’s driving layoffs of tens of thousands of workers in tech, banking and other industries. But executives should be careful about making …
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Amid the mini bull run, massive layoffs between companies are still happening. Just in the past few weeks, a handful of crypto firms have reduced their workforce by a certain percentage, and the latest on the list today is Singapore-based cryptocurrency exchange, Crypto.com. The company earlier today announced a global …
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As the global economy continues to reel from the devastation caused by the COVID-19 pandemic, there is increasing data suggesting that more and more people are now favoring a remote work-based lifestyle. In this regard, a survey sample of working United States citizens shows that Millennial and Generation Z workers …
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