In a series of decisive moves, Meta Platforms Inc., the parent company of Facebook and Instagram, has enacted significant changes to its workforce policies, affecting diversity initiatives, performance evaluations, and content moderation.
About Future of Work
How does fintech influence the work market? Find it out with the news collected by FinTech Weekly.
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Recent Articles Tagged With Future of Work
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Meta's Strategic Policy Overhaul: A Comprehensive Analysis -
Diary Of A Recession (?) – Recession 2023FTW continues with its analysis of the current situation to understand the possible 2023 recession – and how fintech reacts.
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What Inflation Means For The Labor MarketHow does inflation affect the labor market? Are we already witnessing the effects of higher interest rates? Discover more with FinTech Weekly.
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Recent Links tagged with Future of Work
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Robots Aren’t Replacing Employees, They’re Enhancing ThemMike Whitmire, CEO of the fintech company FloQast, analyzes the impact of artificial intelligence and automation on the job market. Inspired by the...
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Dubai to ramp up metaverse efforts with 40,000 new jobsDubai, one of the most important crypto hubs in the Middle East, launches its Metaverse Strategy, which could lead to over 40,000 jobs in less than...
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Coverhero launches new API, eyes USThe Australian insurtech company Coverhero launched a new API (Application Programming Interface) that could be launched in the US next year. The ...
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Moonlighting is the future of work; why not normalise it: Swiggy HR headIf you’re wondering what moonlighting is, it’s the word used to define all those workers who have a side job. Sometimes, this can conflict with the...
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Return-to-office policies are becoming another weapon in the talent warsThe crisis might also affect the strategies used by competitors to acquire a skilled workforce. In particular, banks and fintech companies are adop...
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This Is A Big Deel: FinTech Startup Frees People To Work Remotely From Anywhere In The WorldThe fintech firm founded in 2019 by Alex Bouaziz and Shuo Wang, Deel, managed to boost its revenue from $4 million in 2020 to $50 million in 2021. ...
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Gen Z workers demand flexibility, don’t want to be stuffed in a cubicleZoomers want flexibility at work. They don’t prioritize money, but a hybrid working environment, benefits and mental health. That’s what companies ...
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Why are so many young tech professionals thinking about leaving the industry?It may sound odd, but the tech industry doesn’t seem to offer the best working conditions anymore. While a career in technology seemed the best opt...
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Goldman Sachs Predicts 300 Million Jobs Will Be Lost Or Degraded By Artificial IntelligenceAI continues to gather investments, despite the crisis that hit also the startup ecosystem. Despite the success of this sector, many concerns arise...
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Bloomberg reveals AI for financial data, community respondsIn the meantime, Bloomberg announced the use of artificial intelligence for financial data. The BloombergGPT would be trained with the impressive a...
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Goldman Sachs Predicts 300 Million Jobs Will Be Lost Or Degraded By Artificial IntelligenceAI continues to gather investments, despite the crisis that hit also the startup ecosystem. Despite the success of this sector, many concerns arise...
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Bloomberg reveals AI for financial data, community respondsIn the meantime, Bloomberg announced the use of artificial intelligence for financial data. The BloombergGPT would be trained with the impressive a...
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What the wave of tech layoffs tell us about the economyTop tech companies, among which we find Amazon, Apple, Meta, Lyft, Stripe, and Twitter, stopped hiring or announced huge layoffs. This is the resul...
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Fintech layoffs continue with digital bank Chime cutting 12% of staffChime, the popular fintech firm, is now among the fintech companies that needed to announce layoffs. The neobank has to cut 12% of Chime’s staff t...
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Three Things To Keep In Mind When Hiring Amidst Ongoing Tech LayoffsWith the surge of tech layoffs, there’s also a surge in opportunities for fintech companies and startups: they can now find tech talents, and choos...
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How can the economy dodge a recession in 2023? Slow wage growthEven if wage increases are usually good news, it might be problematic during times of high inflation – like those we’re currently living. If wages...
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Deep job cuts in Silicon Valley could bring tech workers back to CanadaIn 2022, over 150,000 workers lost their jobs, especially in fintech sectors, because of the layoffs of big fintech companies. What about all those...
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Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdownEconomists surveyed during the World Economic Forum (WEF - Davos) all predict a recession this year. Among the many dramatic events that occurred d...
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Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdownEconomists surveyed during the World Economic Forum (WEF - Davos) all predict a recession this year. Among the many dramatic events that occurred d...
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Even well-funded fintech companies are laying off workersEven the most successful fintech companies are going ahead with layoffs – and it’s really likely that we will witness new layoffs in the near futur...
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Banking technology provider Amount cuts 25% of staffFintech layoffs don’t stop. Banking technology company Amount cut off 25% of its workers, about 130 people. These cuts are the second round of layo...
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Thousands of people have just been laid off by Salesforce, Amazon, and Compass. Recruiters say it won't be held against them in the job market.Salesforce announced that it’s slashing off 10% of the staff. At the same time, Amazon announced layoffs after the massive over-hiring activity due...
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Delaying big purchases, reducing debt: 76% of adults are making lifestyle changes to prepare for a potential recessionAccording to a recent survey conducted by BMO Financial Group and shared by CNBC, US people are seriously worried about an upcoming recession. Ev...
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Is fintech losing its lustre for career changers?Recession, inflation, and layoffs might change not only regulators’ opinions about fintech, but also top executives’ choices when it comes to consi...
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Banking technology provider Amount cuts 25% of staffFintech layoffs don’t stop. Banking technology company Amount cut off 25% of its workers, about 130 people. These cuts are the second round of layo...
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Banking technology provider Amount cuts 25% of staffFintech layoffs don’t stop. Banking technology company Amount cut off 25% of its workers, about 130 people. These cuts are the second round of layo...
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The Singapore fintech that's doubled in value and is ramping up hiringAspire is one of the few fintechs that managed to increase their value despite the tough times that hit the industry. In this case, Aspire was able...
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A recession in 2023 is now inevitable. Layoffs in tech and finance will spread to other sectorsWhile some tech sectors are thriving, tech layoffs didn’t stop. Murray Sabrin talks about a highly probable recession in the second half of 2023, f...
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UK fintech unicorn GoCardless lays off 15% of staffGoCardless, the UK fintech unicorn, announced a new layoff round in the fintech industry. The CEO of the company, Hiroki Takeuchi, announced that o...
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Banks are in an AI talent war and Revolut launches the 'Ultra' account | Fintech Insider News | 753A new episode of FI podcast to discuss recent fintech news with Jonas Lornell (Majority) and Nadia Edwards-Dashti (Harrington Starr). Among the mos...
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The G-spot of Europe': how Vilnius is trying to attract international tech talentAs reported by Zosia Wanat (Sifted), Vilnius is repeating the history of its foundation. If 700 years ago the city was founded because of the lette...
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AI threat to Scottish finance jobs 'yet to fully materialise'The bad side of artificial intelligence. A financial service recruitment firm warns that the job market will be significantly impacted, but firms m...
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AI threat to Scottish finance jobs 'yet to fully materialise'The bad side of artificial intelligence. A financial service recruitment firm warns that the job market will be significantly impacted, but firms m...
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UK business owners embrace foreign workers as labour shortages rage onUK businesses would like the country to be more open to migrant workers. Why? Because there is a shortage of home-grown talent in the tech industry...
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How and When Will AI Replace My Job?Thanks to Artificial Intelligence + and Sanksshep Mahendra for this interesting question and insightful discussion on the effects of AI on jobs — t...
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Will AI Deliver Efficiencies Previously Unrealized In Finance?The impact of AI remains a topic of debate. Both analysts and workers are uncertain about how this relatively new technology will influence workfor...
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Goldman Sachs, JPMorgan, Morgan Stanley tell staff in Israel to work from home amid war with HamasAmid escalating tensions and conflict with Hamas, major Wall Street banks including Goldman Sachs, JPMorgan, and Morgan Stanley have advised their ...
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Chinese banks jump on AI bandwagon to cut costsChinese banks are adopting artificial intelligence to cut labor costs and boost efficiency, despite facing technical and regulatory challenges. The...
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Fintech jobs expected to be the most popular in 2024In 2024, technology and finance jobs are set to lead the job market, as revealed by the Ministry of Manpower's latest data. Key positions in demand...
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AI will affect 40% of jobs and probably worsen inequality, says IMF headIMF Warns AI Could Impact 40% of Global Jobs, Urges Social Safety Nets - The International Monetary Fund's chief cautions that artificial intellige...
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New MIT CSAIL study suggests that AI won’t steal as many jobs as expectedMIT CSAIL's study indicates a slower-than-expected AI disruption in the job market, finding that automating the majority of jobs is not economicall...
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Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report SaysA new era of artificial intelligence, highlighted by technologies like OpenAI's ChatGPT, is expected to significantly affect high-paying white-coll...
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Synctera is the latest banking-as-a-service startup to lay off staffSynctera, a Banking-as-a-Service (BaaS) startup, has undergone restructuring, leading to a workforce reduction, the company confirmed to TechCrunch...
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Klarna CEO reveals plan to reduce workforce by 50% and replace it with AIKlarna’s CEO has announced a dramatic plan to cut the company’s workforce by 50% and replace those roles with artificial intelligence, signaling a ...
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903. News: Starling hit with fine, Visa faces anti-trust lawsuit, and Nationwide snaps up Virgin MoneyHosts Laura Watkins and Dave Morris, alongside industry experts, dissect this week's significant developments in fintech and financial services. Th...
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JPMorgan’s AI Rollout Is Augmenting Jobs, Not Replacing ThemJPMorgan’s generative AI rollout is enhancing, not replacing, jobs. Tools deployed in asset and wealth management are empowering bankers to work mo...
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Predictions For The Tech Job Market In 2025The U.S. tech job market is set to recover in 2025 after a challenging period of layoffs and AI-driven transformations. A report by Karat and Harri...
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Klarna CEO says the company stopped hiring a year ago because AI 'can already do all of the jobs'Klarna CEO Sebastian Siemiatkowski shared insights into the company’s hiring freeze amidst rising AI adoption. While Klarna serves over 575,000 ret...