Economic Downturn
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"Found A Job": China's Jobless Turn To 'Pretend Work' To Appear Employed On Social Media
Amidst China's economic downturn, "pretend work" companies are emerging, offering unemployed individuals a place to fake having a job.
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Trump Uncertainty Brings Risk Of "Avoidable" Recession: Economist
The "disorderly" implementation of trade and government reform policies by the administration of President Donald Trump has raised the risk of a "largely avoidable" US economic downturn, a top S&P economist said Wednesday.
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China's Young Ditch "Hustle Culture" For "Naked Resignations"
Young professionals in China are increasingly opting for "naked resignation," quitting jobs without backup plans, challenging traditional career norms.
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
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Samsung's Quarterly Profit Could Hit Six-Year Low as Consumers Cut Spending, Analysts Say
Samsung's quarterly profit is expected to fall 58 percent amid the ongoing global economic downturn, to its lowest point in six years, according to analysts. The prediction comes amid reduced spending by consumers and businesses during a period of high inflation and escalating interest rates. Samsung is expected to announce preliminary results on F...
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Steadier Hands, Durable Companies to Steer Crypto in 2023, Predicts Circle CSO
Despite the ongoing slump in the crypto market, industry analysts are optimistic that this downturn has filtered out shaky and evidently risky firms from the already volatile industry, Circle CSO Dante Disparte said in a recent post for the World Economic Forum (WEF).
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Twitter Blue to Be Relaunched on November 29 to Ensure 'Rock Solid' Release, Elon Musk Says
Elon Musk on Tuesday said that Twitter Blue, the company's subscription service would be relaunched on November 29. The company's new CEO had previously stated that he expected to release the paid verification service by the end of this week, but said the release date would be 'punted' to make sure that it was 'rock solid', in a tweet.
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Rishi Sunak, 42, Is Britain's Youngest PM After Months Of Turbulence
Rishi Sunak will become Britain's next prime minister after he won the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer.
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Explained: New UK PM Rishi Sunak's Solutions To Britain's Problems
Rishi Sunak will become Britain's next prime minister after he won the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer.
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"Found A Job": China's Jobless Turn To 'Pretend Work' To Appear Employed On Social Media
Amidst China's economic downturn, "pretend work" companies are emerging, offering unemployed individuals a place to fake having a job.
-
Trump Uncertainty Brings Risk Of "Avoidable" Recession: Economist
The "disorderly" implementation of trade and government reform policies by the administration of President Donald Trump has raised the risk of a "largely avoidable" US economic downturn, a top S&P economist said Wednesday.
-
China's Young Ditch "Hustle Culture" For "Naked Resignations"
Young professionals in China are increasingly opting for "naked resignation," quitting jobs without backup plans, challenging traditional career norms.
-
Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
-
Layoffs Alone Won’t Solve Tech’s Problems: Parmy Olson
The tech sector has had a tough time recently with the prevailing economic downturn hitting all the big companies. Amazon, Microsoft, Meta, and Alphabet have all announced layoffs in the thousands to cut their losses. While these tech giants are tightening up on fringe benefits and showing their talent the door, there is still more to do.
-
Samsung's Quarterly Profit Could Hit Six-Year Low as Consumers Cut Spending, Analysts Say
Samsung's quarterly profit is expected to fall 58 percent amid the ongoing global economic downturn, to its lowest point in six years, according to analysts. The prediction comes amid reduced spending by consumers and businesses during a period of high inflation and escalating interest rates. Samsung is expected to announce preliminary results on F...
-
Steadier Hands, Durable Companies to Steer Crypto in 2023, Predicts Circle CSO
Despite the ongoing slump in the crypto market, industry analysts are optimistic that this downturn has filtered out shaky and evidently risky firms from the already volatile industry, Circle CSO Dante Disparte said in a recent post for the World Economic Forum (WEF).
-
Twitter Blue to Be Relaunched on November 29 to Ensure 'Rock Solid' Release, Elon Musk Says
Elon Musk on Tuesday said that Twitter Blue, the company's subscription service would be relaunched on November 29. The company's new CEO had previously stated that he expected to release the paid verification service by the end of this week, but said the release date would be 'punted' to make sure that it was 'rock solid', in a tweet.
-
Rishi Sunak, 42, Is Britain's Youngest PM After Months Of Turbulence
Rishi Sunak will become Britain's next prime minister after he won the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer.
-
Explained: New UK PM Rishi Sunak's Solutions To Britain's Problems
Rishi Sunak will become Britain's next prime minister after he won the race to lead the Conservative Party, leaving him with the task of steering a deeply divided country through an economic downturn set to leave millions of people poorer.
