Stripe is moving quickly on a deal to raise up to $3 billion from its existing investors, less than a week after telling employees that it would evaluate a public offering over the next year. According to reports, Thrive Capital has committed $1 billion in new capital to payments giant Stripe as part of a … Read more
OpenAI hiring hundreds of contractors from different parts of the globe to help ChatGPT get better at coding, according to reporting from Semafor. More specifically, the company is looking for computer programmers to create training data that will include lines of code as well as natural language explanations of the code. OpenAI already has a … Read more
Hubilo, an online and offline event management platform, has now laid off 35% of its workforce, or 115 employees, across all divisions, as it restructures its business to focus on the mid-market segment, rather than small businesses (SMBs) and individual organizers, according to people familiar with the developments. The cost-cutting effort comes after the Lightspeed-backed … Read more
Google is cutting off 12,000 workers, or approximately 6% of its workforce, becoming the latest tech giant to cut personnel as the industry’s economic boom during the COVID-19 epidemic comes to an end. Sundar Pichai, CEO of Google’s parent company Alphabet, told employees of the layoffs in an email that was also posted on the … Read more
Fandom Entertainment has laid off an undefined number of staff across several properties, including Giant Bomb, GameSpot, and Metacritic. These properties are primarily focused on publishing content related to gaming and television shows. According to Variety, the company employs over 500 workers, and the layoffs have affected roughly 10% of its workforce across many locations. … Read more
Microsoft is shedding even more employees this week, with CEO Satya Nadella revealing 10,000 layoffs during “times of considerable change.” The layoffs are said to include Xbox and Bethesda employees, as well as Microsoft’s larger organizations. In a note to employees, Nadella stated that the 10,000 layoffs, which amount to less than 5% of the … Read more
Unity Software Inc., pointing triangle, is cutting off more than 200 employees, becoming the latest technology firm to conduct layoffs amid rising recession fears. On Tuesday, 284 jobs would be lost. Some of those laid off may be rehired for other roles if they apply for them, according to the business. Unity, a maker of … Read more
Online marketplace Redbubble is to slash 14 per cent of the group’s personnel to save costs as trading remains “difficult”. According to independent sources, Redbubble employs 2000 employees, which means 280 jobs would be eliminated. According to a trading report that includes unaudited figures for the half year ending December 31, the company’s underlying marketplace … Read more
Global investment firm Goldman Sachs sacked more than 3,000 employees in disguise of business meetings as early as 7.30 a.m. and the meetings with senior managers were put on Google calendar “false pretenses”, the media reported. The New York Post reported that Goldman Sachs’ CEO David Solomon “e-mailed calendar invites that called targeted employees to … Read more
Crypto.com is the latest victim of the recession, having announced the layoff of 20% of its workforce. This isn’t crypto’s first bad market, but the fall of FTX has exacerbated its consequences dramatically. Crypto is facing not only an economic collapse, but also a general lack of faith in the business. Let’s go over what’s … Read more