Testimonies are multiplying on social networks, with new hires thanked before even having pushed open the door to Facebook. Cisco is also being hit hard by the slowdown in the global economy. Techcrunch summarizes: “ Reluctantly, we are reporting on tech layoffs for the third week in a row .” Layoffs are offset by pay raises for those who remain at tech giants , but not at startups .
In the startup world, investors are pulling out, companies are laying off staff, and sri lanka phone number library IPOs are being delayed .Cameo, one of the new tech unicorns across the Atlantic, is laying off a quarter of its workforce. Thrasio, which raised $1 billion last year at a $10 billion valuation, is said to have cut its workforce by 20% after “growing too fast,” according to its founders. At the same time, social unrest is growing in American tech. Big Tech is getting demolished on Wall Street, a good time for them according to the NYT .
Paid social networks for professionals – After Elon Musk's announcement that he wants to charge professionals to use Twitter (beyond those already subscribed to Twitter Blue) , it's Meta's turn to get involved: the version of WhatsApp intended for professionals should integrate paid options very soon.
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