Snapchat is a multimedia instant messaging platform developed by Snap Inc. The primary feature of the social media platform is that messages and posts are only available for 24 hours or less. It was founded in 2011, with its headquarters in California. According to reports, Snap has announced plans to lay off 10% of its…
Polygon Labs to Layoff 60
Polygon Labs was launched in 2017 as a blockchain platform that creates a multi-chain system compatible with Ethereum. It was formerly known as Matic Network. According to its website, the company has facilitated over 2.44 billion transactions, deployed over 1.17 million smart contracts, and has recorded $12.8 billion in sales volume. According to recent reports,…
Tesla recalls 2,193,869 vehicles
Tesla has issued a recall of 2,193,869 vehicles due to small font sizes on warning panels that could increase the risk of a crash. According to the notice from the National Highway Traffic Safety Administration (NHTSA), an incorrect font size is displayed on the instrument panel for the Brake, Park, and Antilock Brake System (ABS)…
eBay: $59 Million settlement
eBay Inc. has reached a settlement with the US Justice Department after it alleged that the company sold thousands of pill presses and encapsulating machines. The report states that eBay failed to comply with the Controlled Substances Act (CSA), which requires companies to keep strict records of such transactions and report them to the Drug…
California Faces Devastating Floods
The city of Los Angeles, is a city in southern California with about 3.9 million residents as of 2020. It is the second most populous city in the United States. According to reports, parts of Southern California experienced intense rainfall with winds up to 100mph as a result of an atmospheric river and the El…
Chile: Wildfire kills 112
The Republic of Chile is a country on the southwestern side of South America, with a population of 19.6 million residents as of 2023. It is bordered by Peru, Bolivia, Argentina, and the Drake Passage. According to recent reports, devastating wildfires in various areas of Chile have led to significant damage to forests, homes, and…
Deutsche Bank to Layoff 3,500
Deutsche Bank is a multinational investment bank and financial services company. Boasting of a combined asset of 2.2 trillion euros, the company is noted among the largest German banking institutions. Founded in 1870, its headquarters is located in Frankfurt, Germany. According to reports, Deutsche Bank announced plans to lay off 3,500 non-client-facing employees in a…
Flexport to Layoff 15%
Flexport Inc. is an American multinational corporation that specializes in supply chain management and logistics. Other services rendered include delivery, trade financing, insurance, freight forwarding, and customs brokerage. The company was founded in 2013 and is headquartered in San Francisco, California. According to recent reports, Flexport has announced job cuts of 400 employees, which amounts…
Okta to Layoff 400
Okta, Inc., formerly known as Saasure Inc., is an identity and access management company that offers cloud software solutions to help companies manage and secure user authentication for applications. It also provides developers with tools to integrate identity controls into applications, devices, and web services. The company was founded in 2009 and is headquartered in…
Wattpad To Layoff 30
Wattpad is a website that publishes original literature, offering publishers and readers the ability to connect. It was launched in 2006, with its headquarters in Ontario, Canada. Wattpad boasts of more than 90 million monthly users, with over 665 million story uploads as of 2021. The company is a subsidiary of Naver Corporation, an internet…