 |
|
|
|||||
Amazon is set to fire 370 people at its European headquarters in Luxembourg in the coming weeks, as Bloomberg reports. That accounts for about 8.5 percent of the workforce. Amazon initially planned to reduce its headcount there by 470, but under European Union law, companies have to negotiate layoffs with employee reps and, in some cases, governments.Amazon reportedly told employees at the European HQ in a memo the layoffs are "adjustments that reflect business needs and local strategies." The company claims to be going "well beyond industry benchmarks" in Luxembourg with regards to the severance packages it's offering.An Amazon employee said it would be difficult for hundreds of people who are all going into the job market at the same time to find employment elsewhere in the country. Affected employees who moved from other countries to work for Amazon will have to leave if they don't land another job in Luxembourg within three months. After the layoffs, Amazon is still expected to be the fifth-largest employer in Luxembourg, which has a population of 680,000. One employee told Bloomberg that the cuts would primarily affect software developers amid a push in the tech industry for AI to take on more coding tasks. Amazon said in October it would cut 14,000 jobs from its global workforce amid its deepening embrace of AI. It was reported that same month that the company's plans to ramp up its robotics operations could put around half a million jobs in the US at risk.This article originally appeared on Engadget at https://www.engadget.com/big-tech/amazon-is-set-to-lay-off-370-workers-at-its-european-hq-154037845.html?src=rss
Category:
Marketing and Advertising
If you're still debating what gifts to get the important people in your life, sales can be a good starting point. Take Apple's 2024 Mac mini M4, which is down to $479, from $599. The 20 percent discount brings the device back down to its all-time low price seen over Black Friday. Apple released the Mac mini M4 in late 2024 and we were impressed with how something so small could be so powerful. We gave it a 90 in our review, thanks to features like its speed and standard 16GB of RAM. The currently $479 base model also comes with 256GB of SSD. We were also happy to see it had front-facing USB-C and headphone ports. If you really want to go all out for someone's gift (or for yourself) then you can buy one of the Mac mini M4's higher memory or storage options. You can pick up the Mac Mini M4 with 16GB of RAM and 512GB of SSD for $690, down from $799 a 14 percent discount. Meanwhile, the 24GB of RAM and 512GB of SSD model is 11 percent off, dropping to $890 from $999. Check out our coverage of the best Apple deals for more discounts, and follow @EngadgetDeals on X for the latest tech deals and buying advice.This article originally appeared on Engadget at https://www.engadget.com/deals/apples-mac-mini-m4-is-back-on-sale-for-a-record-low-price-150041509.html?src=rss
Category:
Marketing and Advertising
PayPal is the latest company looking to become a bank in the US. On Monday, the company announced it had submitted applications for PayPal Bank to the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI). PayPal is already a bank in Europe, based in Luxembourg. According to PayPal, it has provided "over $30 billion in loans and working capital" for more than 420,000 business accounts globally. PayPal puts its focus on small businesses in pitching the need for a US bank. "Securing capital remains a significant hurdle for small businesses striving to grow and scale," Alex Chriss, president and CEO of PayPal, said in a release. "Establishing PayPal Bank will strengthen our business and improve our efficiency, enabling us to better support small business growth and economic opportunities across the US." PayPal also plans to provide "interest-bearing saving accounts" as a bank. If approved, it would be chartered in Utah. Applications to become a bank have popped up left and right this year, with approval odds increasing under the Trump administration. On Friday, the Office of the Comptroller of the Currency (OCC) announced that five cryptocurrency companies, including BitGo, Circle and Ripple, received conditional approval to become federally charted trust banks. "New entrants into the federal banking sector are good for consumers, the banking industry and the economy," the OCC's comptroller Jonathan V. Gould stated in the announcement. "They provide access to new products, services and sources of credit to consumers, and ensure a dynamic, competitive and diverse banking system." Other companies such as Nissan and Sony have also submitted applications to form a bank. This article originally appeared on Engadget at https://www.engadget.com/big-tech/paypal-applies-to-become-a-bank-under-trumps-looser-financial-rules-143025772.html?src=rss
Category:
Marketing and Advertising
All news |
||||||||||||||||||
|
||||||||||||||||||