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Tech layoffs continue with cuts at Sony Interactive, Expedia

Sony's gaming wing has become the latest technology org to announce broad layoffs, including the complete closure of the London office of PlayStation Studios...

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Block’s Big Trim: Dorsey Initiates Cost-Cutting Layoffs

The payments and crypto company Block, led by the CEO, Jack Dorsey, has started laying off employees this week as part of a cost-cutting plan announced...

Tech Industry Job Cuts as Firms Replace Workers with AI

Some employees are already feeling the effects of the significant investments made by tech companies in artificial intelligence. Several tech companies are making drastic changes...

Microsoft valuation reaches new heights amid AI hype

Microsoft has crossed the $3 trillion valuation threshold thanks in no small part to investors buying into the mega-corp's AI vision. The only other business...

Duolingo Lays Off Contractors and Turns to AI

Language learning software maker Duolingo has laid off 10% of its contractors as the company turns to AI translators. The company explained they will rely...

BlackRock Plans Global Layoffs Amid ESG Controversy and Spot Bitcoin ETF Approval: Report

BlackRock is reportedly expected to make a significant announcement regarding a substantial downsizing of its workforce. The impending layoffs, which account for about 3%...

Only 700 new IT jobs were created in the US in 2023

A mere 700 IT jobs were added in the US last year compared to 267,000 the year prior, it's claimed. It'd be easy to...

Market Risks in 2024: Insights from Ex-Bridgewater Strategist Patterson

In an interview on Bloomberg TV earlier today, Rebecca Patterson, the former Chief Investment Strategist at Bridgewater Associates, shared her perspective on the various...

Why BRICS Currency Would Outshine The US Dollar

The BRICS alliance is set to introduce a new currency that could rival the US dollar in global transactions. This move is...

Report: Pico to Layoff “hundreds” as Company Shifts Focus to Hardware

There were rumors circulating late last month that TikTok parent company ByteDance was set to spin down its China-based VR headset company, Pico Interactive....

What is crypto winter. Is it really over? – CoinRabbit

(Last Updated On: October 31, 2023)In recent years, the term “Crypto Winter” has gained prominence within the world of digital currencies and blockchain technology....

Bitcoin soars amid buzz of potential ETF approval: Is a crypto renaissance on the horizon?

In this issueETF price pumpEthereum NFTs on the upWorking bluesFrom the Editor’s DeskDear Reader,It’s not like it came out of nowhere. We’ve known for...

Parity Technologies, Polkadot blockchain developer, lays off 30% of staff

Parity Technologies, the company behind the Polkadot blockchain, is cutting 30% of its workforce — about 100 employees — amid a widespread wave of...

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