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Tag: Tech

Salesforce cuts workforce by 700
Tech

Salesforce cuts workforce by 700

Salesforce is reducing its workforce by approximately 700 positions, accounting for about 1% of its global employee base, as per a Friday report by the Wall Street Journal. Despite this reduction, Salesforce currently has around 1,000 vacancies across various departments, suggesting that this move might be a strategic realignment of its human resources, as indicated […]

US mission in Nigeria launches tech centre in Lagos
Tech

US mission in Nigeria launches tech centre in Lagos

Alex Omenye The United States Mission in Nigeria has launched an advanced American Space in Lagos, named the American Corner Lekki. The centre is aimed at promoting youth innovation, entrepreneurship, and creativity. This technology hub aligns with the Biden Administration’s U.S. Strategy for Sub-Saharan Africa, emphasizing digital transformation and the development of an inclusive digital […]

Mozilla accuses Google, Apple, Microsoft of blocking users
Tech

Mozilla accuses Google, Apple, Microsoft of blocking users

Software company, Mozilla, has accused Apple, Google, and Microsoft of using their control over hardware and operating systems to force more people to use their browsers. The company said in a recent blog post that Mozilla’s Firefox browser is being disadvantaged as a result of Microsoft, Google, and Apple making it difficult for people to […]

SolarEdge technologies lays off 16% of workforce
Tech

SolarEdge technologies lays off 16% of workforce

In an effort to lower operational expenses, SolarEdge Technologies said on Sunday that it will be laying off around 16% of its global personnel. This cut, which would impact about 900 workers, comes after the company terminated its light commercial vehicle e-mobility business, stopped manufacturing in Mexico, and reduced its manufacturing capacity in China. “We […]

BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b
News Tech

BlackRock to acquire Adebayo Ogunlesi’s GIP for $12.5b

BlackRock Inc. has disclosed its readiness to acquire Adebayo Ogunlesi’s Global Infrastructure Partners for around $12.5 billion. The acquisition is anticipated to finalize in the third quarter and BlackRock will pay $3 billion in cash and around 12 million shares, which would have been valued at nearly $9.5 billion at Thursday’s closing. Ogunlesi, the chairman […]

Nigerian startups owe $415m 10-year debt – Report
featured News Tech

Nigerian startups owe $415m 10-year debt – Report

Briter Bridges, a research and market intelligence company which focuses on developing nations, has stated that approximately $415 million has been borrowed by Nigerian digital entrepreneurs over the past ten years. According to the report “Debt Financing in Africa’s Innovative Ecosystem,” between 2014 and 2023, African startups as a whole borrowed a total of $2.1 […]

Tinder introduces exclusive $499 monthly sub for elite users
News Tech

Tinder introduces exclusive $499 monthly sub for elite users

Dating platform, Tinder has made a $499 monthly subscription option is now available to users, but only if they are invited and successfully complete the application procedure. Users of Tinder SELECT are rewarded with benefits that go beyond what the typical swiper gets. Users can see and be seen by the “most sought after profiles” […]

10 facts about first female president of Nigerian society of Engineers
News Tech

10 facts about first female president of Nigerian society of Engineers

Margaret Oguntala was elected as the first female president of the Nigerian Society of Engineers, an institution founded in 1958, on Thursday, December 21, 2023. The former President, Tasiu Gidari-Wudil announced his successor, Oguntala, at a conference in Abuja. Oguntala, who has served as Deputy President for the past two years, will take over as President […]

Spotify’s CFO Paul Vogel steps down
News Tech

Spotify’s CFO Paul Vogel steps down

The chief financial officer of Spotify Technology, Paul Vogel, said on Thursday that he will leave the company at the end of March of next year. Vogel is stepping away from the company after a career at the music streaming company that has spanned eight years. Vogel leaves the organization after a challenging week. Following […]

Twilio to lay 5% workforce in 2024
News Tech

Twilio to lay 5% workforce in 2024

Cloud communications platform Twilio Inc. announced on Monday that it will lay off 295 employees, or approximately 5% of its whole staff, by the first quarter of 2024. The company disclosed that this is in a move to achieve profitable growth, The reorganization is expected to cost the corporation between $25 and $35 million in […]

Telegram makes voice, video transcription free for users
News Tech

Telegram makes voice, video transcription free for users

Telegram has made voice and video message transcriptions available for free users. Prior to this, the feature has been available to Telegram Premium members since last year. Now, the platform is making this functionality available to all users, albeit with tighter restrictions. Two text messages can be converted into messages each week for free users. […]

Evernote limits free users to fifty notes
News Tech

Evernote limits free users to fifty notes

Evernote has made a new default free plan, just days after the company began testing a free plan with limited customers that allowed access to one notebook and fifty notes. This new update from the notekeeping app takes effect on December 4. Evernote stated in a blog post that users can remove content from their […]