Author: natixis-ezine

Spotify latest tech name to cut jobs, axes 6% of workforce

natixis-ezine

Read time : 2 mins

Level : Intermediate

FILE- This March 20, 2018 file photo shows the Spotify app on an iPad in Baltimore. Music streaming service Spotify says it’s cutting 6% of its workforce, becoming yet another tech company resorting to layoffs as the economic outlook worsens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online Monday, Jan. 23, 2023. (AP Photo/Patrick Semansky, File)

By KELVIN CHAN AP Business Writer

LONDON (AP) — Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.

CEO Daniel Ek announced the restructuring in a message to employees that was also posted online.

As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.

Big tech companies like Amazon, Microsoft and Google announced tens of thousands of job cuts this month as the economic boom that the industry rode during the COVID-19 pandemic waned. Continue reading

Obnoxiously loud car? A traffic camera might be listening

natixis-ezine

Read time : 4 mins

Level : Advanced

A woman walks using her headphones on Tuesday, Jan. 17, 2023, in New York. After the relative quiet of the pandemic, New York City has come roaring back. Just listen: Jackhammers disrupt the peace and fleets of honking cars, trucks and buses again clog thoroughfares as millions of denizens return to the streets — their voices and clacking heels adding to the ear-splitting din. In one of the world’s noisiest cities, the cacophony has returned louder than ever. (AP Photo/Andres Kudacki)

By BOBBY CAINA CALVAN Associated Press

NEW YORK (AP) — After the relative quiet of the pandemic, New York City has come roaring back. Just listen: Jackhammers. Honking cars and trucks. Rumbling subway trains. Sirens. Shouting.

Over the years, there have been numerous efforts to quiet the cacophony. One of the latest: traffic cameras equipped with sound meters capable of identifying souped-up cars and motorbikes emitting an illegal amount of street noise.

At least 71 drivers have gotten tickets so far for violating noise rules during a yearlong pilot program of the system. The city’s Department of Environmental Protection now has plans to expand the use of the roadside sound meters.

“Vehicles with illegally modified mufflers and tailpipes that emit extremely loud noise have been a growing problem in recent years,” said City Council member Erik Bottcher, who heralded the arrival of the radars to his district to help reduce “obnoxious” noise. Continue reading

As Davos opens, Oxfam urges windfall tax on food companies

natixis-ezine

Read time : 4 mins

Level : Intermediate

FILE – A woman does a shopping in a supermarket in Warsaw, Poland, on Dec. 9, 2022. Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday Jan. 16, 2023 as the World Economic Forum’s annual meeting gets underway. (AP Photo/Michal Dyjuk, File)

By KELVIN CHAN AP Business Writer

LONDON (AP) — Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said Monday as the World Economic Forum’s annual meeting gets underway.

That’s one of the ideas in a report by Oxfam International, which has sought for a decade to highlight inequality at the conclave of political and business elites in the Swiss ski resort of Davos.

The report, which aims to provoke discussions on panels featuring corporate and government leaders this week, said the world has been beset with simultaneous crises, including climate change, the surging cost of living, Russia’s war in Ukraine and the COVID-19 pandemic, yet the world’s richest have gotten richer and corporate profits are surging.

Over the past two years, the world’s super-rich 1% have gained nearly twice as much wealth as the remaining 99% combined, Oxfam said. Meanwhile, at least 1.7 billion workers live in countries where inflation is outpacing their wage growth, even as billionaire fortunes are rising by $2.7 billion a day. Continue reading

As elites arrive in Davos, conspiracy theories thrive online

natixis-ezine

Read time : 4 mins

Level : Advanced

People set up the stage at the eve of the opening of the World Economic Forum in Davos, Switzerland, Sunday, Jan. 15, 2023. The annual meeting of the World Economic Forum is taking place in Davos from Jan. 16 until Jan. 20, 2023. (AP Photo/Markus Schreiber)

By SOPHIA TULP Associated Press

NEW YORK (AP) — When some of the world’s wealthiest and most influential figures gathered at the World Economic Forum’s annual meeting last year, sessions on climate change drew high-level discussions on topics such as carbon financing and sustainable food systems.

But an entirely different narrative played out on the internet, where social media users claimed leaders wanted to force the population to eat insects instead of meat in the name of saving the environment.

The annual event in the Swiss ski resort town of Davos, which opens Monday, has increasingly become a target of bizarre claims from a growing chorus of commentators who believe the forum involves a group of elites manipulating global events for their own benefit. Experts say what was once a conspiracy theory found in the internet’s underbelly has now hit the mainstream. Continue reading

Ukrainian startups bring tech innovation to CES 2023

natixis-ezine

Read time : 5 mins

Level : Intermediate

Packaging made from leaves is on display at the Releaf Paper booth during the CES tech show Thursday, Jan. 5, 2023, in Las Vegas. (AP Photo/John Locher)

By JAMES BROOKS Associated Press

LAS VEGAS (AP) — The past year has been difficult for startups everywhere, but running a company in Ukraine during the Russian invasion comes with a whole different set of challenges.

Clinical psychologist Ivan Osadchyy brought his medical device, called Knopka, to this year’s CES show in Las Vegas in hopes of getting it into U.S. hospitals.

His is one of a dozen Ukrainian startups backed by a government fund that are at CES this year to show their technology to the world.

“Two of our hospitals we operated before are ruined already and one is still occupied. So this is the biggest challenge,” Osadchyy said.

“The second challenge is for production and our team because they are shelling our electricity system and people are hard to work without lights, without heating in their flats,” he said. Continue reading