Social media giant, Meta (formerly Facebook), has reportedly laid off 1,500 employees in its recruiting and human resources departments as part of its new wave of layoffs. The company had announced its plans to downsize earlier this week, with the cuts affecting around 10,000 employees in total. According to Bloomberg, Mark Zuckerberg, the CEO of …
Meta cuts 1,500 HR, recruiting jobs as part of new layoffs Read More »
In a move that could change the way we power our future Moon base, Rolls-Royce has received a £2.9 million funding from the UK Space Agency to develop a nuclear reactor. The reactor is expected to generate power for the Moon base, potentially increasing the duration of future Lunar missions and their scientific value. The …
Rolls-Royce gets £2.9 mn to build nuclear reactor for Moon base Read More »
Silicon Valley Bank (SVB), a California-based bank that specializes in lending to technology and innovation-focused companies, has collapsed and been closed by regulators, with its CEO Greg Becker exiting his position on the board of the Federal Reserve Bank of San Francisco shortly after. Becker had been a Class A Director of the Federal Reserve …
SVB CEO exits board of San Francisco Fed amid bank’s collapse Read More »
Crypto firm Circle has announced that its USDC reserves worth $3.3 billion have been exposed to Silicon Valley Bank (SVB), which has recently been closed down by US regulators. Circle, which is a prominent player in the cryptocurrency market, stated that SVB is one of six banking partners it uses to manage 25% of its …
Crypto firm Circle says exposure to Silicon Valley Bank at $3.3 bn Read More »