• Uncategorized

    Southeast Asia start-ups lay off workers amid economic uncertainty

    Southeast Asia’s tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Guilliermo Perales Gonzalez | E+ | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the fast-growing industry is not immune to the global economic slowdown. At least six tech companies have let go of their staff, including Sea Limited, the owner of Singapore-based e-commerce site Shopee. Tech investors say this is just the beginning of more job cuts in the region’s tech industry. As interest rates rise and economic uncertainty looms, companies are now being forced to focus on profitability instead…

  • TECHNOLOGY

    Elon Musk Confirms 10 Percent Layoff in Tesla, Paused Hirings Ahead of Predicted US Economic downturn

    Elon Musk, CEO of Tesla, reported a 10 p.c minimize in salaried team at the electrical auto maker will happen above 3 months, as the world’s richest person predicted a US economic downturn was far more probably than not. His remarks were his most specific explanation of career lower programs and his first in-man or woman visual appeal considering that Reuters noted at the start off of this thirty day period that the organization wanted to slash staff by about 10 per cent and was pausing hiring worldwide. Talking at the Qatar Economic Forum organised by Bloomberg, Musk mentioned the cuts would use only to salaried workers, meaning a 3.5…