PayPal, the global digital payments giant, would have laid off about 2,500 employees today, in order to reduce operating costs and maximize profit margins.
PayPal cuts payroll An employee of the company who attended a meeting confirmed this, saying that among the fired are members of engineering,…
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costs
Massive layoffs among US tech giants continue
The massive job cuts among the big US technology companies have gained new intensity in the last week, after the announcement of thousands of layoffs by Microsoft and Google, and the communication of the departure of thousands of workers…
United Kingdom studies to eliminate the use of fax
The United Kingdom analyzes the elimination of the law that keeps the use of the fax alive in the country. Opinions will be heard until December of this year, but the odds point to an elimination at the beginning of 2023.
Given the…
Big crypto companies leave China
Large cryptocurrency companies began their withdrawal from China "from where around 60 % of bitcoin was extracted until June", due in the first place, to the forceful regulations imposed by the country on the digital asset market and…
BMW seeks to reduce manufacturing costs by 25 %
The German car manufacturer BMW announced that it will keep cuts due to the crisis caused by the pandemic and the high prices of raw materials. They will reduce production costs per vehicle by 25 % until 2025.
Production manager Milan…
2021 Olympics may be the most expensive in history
Japan's Prime Minister Yoshihide Suga indicated that the Tokyo 2021 Olympics and Paralympics will go ahead this summer despite concerns about rising coronavirus cases.
Covid-19 cases increased in Japan in recent days and Tokyo reported…
Africa is the new center for artificial intelligence development
The contributions of Artificial Intelligence to the development of countries is undeniable. It is evident in the various branches of technology but also in Medicine, Education, security, finance and more. Currently, Africa represents a…
Mercosur bets on eliminating roaming in 2020
Mercosur member countries recently signed a trade agreement with the European Union. Although no details are known, nor effective date, the four South American nations move forward in making crucial decisions for their populations and the…
Peru to implement the electronic invoice
In Peru, electronic invoicing ceased to be a pending issue to become a consolidated reality that is transforming and boosting the nation's economic activity.
According to the SUNAT forecasts in 2020, more than 95% of the commercial…
Ford announces cut of 7,000 jobs
Ford Motor Co is in a process of restructuring that includes a reduction of 7,000 jobs in its global structure. Jim Hackett, CEO of Ford, broke the news to his employees via email.
The layoffs represent 10% of their general workforce in…
Latam is the first airline to incorporate biometric facial recognition
The South American airline Latam Airlines took a step towards new technologies with the implementation of biometric facial recognition. With this they seek to optimize their services to the traveler, from the moment of boarding. This is…