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Twitter’s Decentralized Workforce Can Work From Home Forever Following COVID Lockdown

Twitter’s Decentralized Workforce Can Work From Home Forever Following COVID Lockdown

Twitter employees have been given the autonomy to choose when they will return to work once the social media giant’s offices open following the COVID-19 pandemic lockdown.

Blockchain.com Slashes 25% Workforce amid Crypto Meltdown

Blockchain.com Slashes 25% Workforce amid Crypto Meltdown

Massive layoffs continue engulfing the crypto market. Blockchain.com took the latest actions by reducing its workforce by 25%.

Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week

Polkadot Developer Parity Technologies Reportedly Cuts Over 300 Staff This Week

Parity Technologies lays off over 300 employees amidst a strategic shift towards community-driven operations. The move comes as Polkadot faces ecosystem challenges, including a large upcoming supply event and a seeming lack of demand in parachain auctions. Community members have expressed mixed reactions, and concerns are rising on Polkadot's ability to maintain its market valuation in the medium term.

US Business Giants Bet Big on Generative AI Despite Data Security Concerns

US Business Giants Bet Big on Generative AI Despite Data Security Concerns

Nearly all US companies with revenues over $1B are set to invest in generative AI, eyeing major ROI while weighing risks like data security and workforce readiness.

Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges

Coinhouse Trims 15% Workforce Amid Crypto Sector Challenges

French crypto exchange Coinhouse trims 15% of its staff, mirroring broader sector challenges. The move, announced on October 13, 2023, primarily affects the web 3.0 department, hinting at a strategic shift towards core crypto investment services amidst a bearish market scenario. The company's evolution, from a workforce of 100 to 60 within a year, highlights the cautious recalibration among crypto entities in navigating market and economic uncertainties.

BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation

BlackRock's Strategic Shift: Layoffs Amidst Bitcoin ETF Anticipation

BlackRock Inc plans to lay off 600 employees, following a similar pattern from 2023. Meanwhile, it eagerly awaits the SEC's decision on its Bitcoin ETF application, a potential game-changer in the crypto market.

Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce

Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce

Microsoft and AFL-CIO's partnership marks a significant step in integrating AI into the workforce, focusing on worker education, labor rights, policy influence, and ensuring AI meets workers' needs.

Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams

Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams

Google recently laid off hundreds of employees from its Voice Assistant and hardware teams. The layoffs are part of the company's cost-cutting measures and strategic restructuring amidst the rising competition from companies like Microsoft and OpenAI.

NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment

NEAR Foundation Announces 40% Workforce Reduction in Strategic Realignment

The NEAR Foundation has announced a 40% reduction in its workforce, impacting 35 team members, as part of a strategic realignment to focus on high-impact activities and further decentralize the ecosystem. Despite this change, the Foundation maintains strong financial health and a commitment to advancing key areas in the Web3 space.

California Advances in Generative AI with New Report

California Advances in Generative AI with New Report

The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.

SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs

SAP Announces 2 Billion Euro Restructuring Plan Affecting 8,000 Jobs

SAP SE announces a major restructuring plan, allocating €2 billion to reorient 8,000 roles towards AI-driven business areas, in response to the rapidly evolving tech industry landscape.

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans

KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.

IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk

IMF Warns of AI's Impact on Global Job Market: 40% Positions at Risk

The IMF warns that AI could impact 40% of global jobs, rising to 60% in advanced economies. This trend may exacerbate income inequality, with younger workers adapting more easily than older ones. The IMF urges comprehensive safety nets and retraining programs to mitigate the effects.

AI's Mainstream Impact and Workforce Dynamics in 2023

AI's Mainstream Impact and Workforce Dynamics in 2023

2023 was a transformative year for the workforce, marked by AI becoming mainstream, changes in job roles and hiring processes, the rise of hybrid work models, the decline of corporate jargon, and notable increases in job interview compensation.

Multi-Grammy Winning Singer Akon Planned to Launch Akoin on Stella Network

Multi-Grammy Winning Singer Akon Planned to Launch Akoin on Stella Network

More updates on Akoincity as Akon’s cryptocurrency project will be available on a newly release whitepaper. Akoin will be launched on Stella Lumens (XLM). Will this trigger massive cryptocurrency adoption in Africa?

Current Crypto Sector in Dire Need of Professional Education, Asserts Ripple Executive

Current Crypto Sector in Dire Need of Professional Education, Asserts Ripple Executive

Ken Weber, the social impact head at ripple, has noted that the current crypto sector needs professional education and his gap can be bridged by universities if they are more specific on the blockchain or crypto courses they offer.

How Can Blockchain Technology End Labour Market Woes?

How Can Blockchain Technology End Labour Market Woes?

In its usual bid to take over the technology ecosystem, blockchain technology can be instrumental in the fight against unemployment through a creative aggregation of data for easy verification. This is revealed in a research report published on June 8 and sponsored by the American Council on Education.

Akon’s Plans for a Futuristic Crypto City in Senegal Progresses with a $6B Construction Contract

Akon’s Plans for a Futuristic Crypto City in Senegal Progresses with a $6B Construction Contract

American-Senegalese music icon Akon announced plans to build a cryptocurrency city that would revolutionize the developing economic landscape in Africa.

Coinbase Reveals Firm Received Around 2000 Subpoenas From Authorities Over Customer's Data

Coinbase Reveals Firm Received Around 2000 Subpoenas From Authorities Over Customer's Data

Cryptocurrency exchange Coinbase has revealed in its newly released transparency report that it got served a sum total of 1,914 government requests.

Major US Hospitals Test Blockchain Platform to Streamline Operations

Major US Hospitals Test Blockchain Platform to Streamline Operations

University Hospitals, an American doctors’ network and medical delivery organization has partnered with Axuall, a verification company, to explore blockchain technology in an extensive, nation-wide, medical-related project. As Crains Cleveland reported, the effort will research blockchain technology and its deployment in mechanisms affecting timely healthcare delivery to patients, specifically the creation of workflows and dispatch times. The joint project hopes to reduce the time it takes to connect qualified medical personnel with the growing demand from patients.

What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?

BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are enshrined in complexity. Blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing.

Facebook’s Calibra Aims to Create 50 New Jobs in Dublin To Scale Up Its Libra Project

Facebook’s Calibra Aims to Create 50 New Jobs in Dublin To Scale Up Its Libra Project

Social media giant Facebook is seeking to create 50 jobs for its payment subsidiary Calibra. The new hires, which are targeted to begin work at Dublin office, Ireland by the end of 2020, will be responsible for creating a wallet for sending and storing Libra. Calibra was formed in 2019 to develop a digital wallet for the Libra payment team.

J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

J.P. Morgan Creates Onyx Blockchain Unit As JPM Coin Leveraged for Cross-Border Payments

JPMorgan Chase has set the ball rolling by deploying its digital currency, the JPM Coin, for commercial purposes creating a new blockchain business unit dubbed Onyx.

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India Plans to Ban Private Cryptos like Bitcoin in Favor of National Cryptocurrency

India plans introducing a new bill to ban private cryptocurrencies as well as introduce a national digital currency.

Hong Kong with its Incredibly Unique Positioning in FinTech

Hong Kong with its Incredibly Unique Positioning in FinTech

In the second part of our interview with Peter Mok, Head of Incubation and Acceleration Programs at the Hong Kong Science and Technology Park (HKSTP), he went into detail on the initiatives they have developed to combat the global talent shortage, bring Hong Kong’s lagging Fintech industry up to speed and he tells us how blockchain startups can leverage the Hong Kong-Shenzhen Innovation and Technology Park.

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