Snap Inc. is planning to lay off about 20% of its nearly 6,500 employees following weeks of planning, the Verge reported.
Job cuts will begin on Wednesday with the team working on Minis, small applications made by third-parties which run in the Snapchat app, affected the most, the report said. Zenly, the company Snap acquired in 2017 for social mapping, will also be affected by the workfo…
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U.S. employers added more jobs in June than forecast and the unemployment rate held near a five-decade low, suggesting hiring needs are so far eclipsing concerns about the economic outlook.
Nonfarm payrolls rose 372,000 last month following a revised 384,000 in May, a Labor Department report showed Friday. The unemployment rate held at 3.6% and average hourly earnings rose 0.3% from a mon…
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Earlier this year, I spent time in Texas report…
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Sam Bankman-Fried, the former FTX CEO who was hailed as crypto’s savior just a few months ago, has been charged by U.S. regulators with defrauding investors after he was arrested overnight in the Bahamas on criminal charges. Bankman-Fried lives in the Bahamas but will be extradited to the U.S., where he will face federal charges from a sealed indictment that is set to be opened on Tuesday…
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In January, many people on Crypto Twitter proclaimed that if 2021 was the year of NFTs, then 2022 would be the year of DAOs. DAOs, or decentralized autonomous organizations, …
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