SAO PAULO : Brazilian payments fintech Ebanx said on Tuesday it had laid off about 20 per cent of its staff, joining billion-dollar tech companies across the country bracing for a gloomy economic landscape.
Facily, Brazil's e-commerce darling, also recently cut around 30 per cent of its workforce, while local cryptocurrency exchange Mercado Bitcoin and investment platform Empiricus have also announced layoffs. Ebanx, which boasts a $1 billion valuation and previously had over 1,700 employees, said in a statement that it is reviewing its operations and focusing down on its main business, international payments.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Benfica sign Brazil forward Neres from Shakhtar DonetskBenfica have signed Brazil forward David Neres from Ukrainian side Shakhtar Donetsk on a five-year contract, the Portuguese team said. Benfica will pay 15.3 million euros (US$16 million) for the 25-year-old, who did not play any games for Shakhtar due to the Russian invasion of Ukraine a month after he sig
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tesla sued by former employees over 'mass layoff'Former Tesla Inc employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a 'mass layoff' violated federal law as the company did not provide advance notice of the job cuts. The lawsuit was filed late Sunday in Texas by two workers who said they were terminated from Tesla's gigafactory plant in Sparks, Nevada in June. According to the suit, more than 500 employees were terminated at the Nevada factory.
Source: YahooSG - 🏆 3. / 71 Read more »
Moscow fumes after EU cuts off shipments to Baltic outpostKYIV — Russia summoned the European Union's ambassador in Moscow on Tuesday (June 21), fuming over what it calls an illegal rail blockade of a Russian outpost on the Baltic Sea, the latest stand-off over sanctions imposed over the war in Ukraine.
Source: TODAYonline - 🏆 1. / 99 Read more »
Incoming Hong Kong leader John Lee unveils team, while Beijing lays out key expectationsBeijing on Sunday (June 19) announced the appointment of Hong Kong’s principal officials to incoming leader John Lee Ka Chiu ’s cabinet, hailing it as a “diversified team” while also laying down its expectations for the new administration to unite society and make “greater achievements”. Lee followed the State Council’s announcement by presenting to the public his 26-member team, including...
Source: asiaonecom - 🏆 10. / 59 Read more »