DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a new initiative to help tech companies set up in Dubai. The initiative will provide a comprehensive package of services designed to support tech and digital startups, SMEs, and multinational corporations...
Meta lays off 11,000 staff, Zuckerberg calls it the ‘most difficult change’
Zuckerberg said the cuts represented 13 percent of Meta's workforce and would affect its research lab focusing on the metaverse as well as its apps, which include Facebook, Instagram and messaging platform Whatsapp.
More firms opt for M&As amidst financial distress
As money starts to dry up and subsequent funding rounds get more precarious, companies are expected to experience more acute financial distress and look for any semblance of certainty. This will lead more and more companies to be open to the possibility of M&As, Basta adds.
Ukraine’s key IT sector booming despite Russian invasion
Ukraine's IT sector is booming despite the Russian invasion. Workers with stickers on their laptops recline on beach chairs outside a warehouse for start-ups in the west Ukraine city of Lviv giving off major Silicon Valley vibes. Through the glass doors of the complex, young Ukrainians zig-zag between stacks of...
