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Meta employees fired via morning email

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As Meta continues with its mass layoffs, international offices are also beginning to feel the pinch

Meta offices in Singapore are the latest to fall victim to layoffs. At least 50 employees are set to lose their jobs.

Those in the city-state who have been impacted found out on Thursday morning via e-mail.

One former employee posted about his experience on LinkedIn.

He says he was getting ready to head out to the office when he decided to check his e-mails and rotation schedule, as he would, any other day.

He adds, “that’s when I saw the dreaded e-mail and the biggest fear of my career come true. I’m one of those affected by the Meta layoffs”.

The individual was a a business integrity specialist at the firm.

Meta’s wide-ranging cuts are hitting a number of departments and roles, with over half of those impacted working in recruitment.

The rest are spread across operations, sales and engineering.

The layoffs will see a total of 11,000 jobs cut, which equates to about 13 per cent of the the firm’s 87,000 person global workforce.

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U.S. Federal Reserve announce rate cut, show great confidence in economy

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The Federal Reserve has delivered a big rate cut to boost the economy while inflation slows.

The central bank slashed interest rates by a half percentage point, hoping to protect the job market while inflation inches closer to its 2% goal.

Fed Chair Jerome Powell says the decision reflects growing confidence in balancing the economy’s growth with low inflation. #featured #trending

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Markets brace for potential 50-point fed rate cut

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Markets are anticipating a significant 50-point rate cut from the US Federal Reserve this week, leading to heightened focus on bond markets and key economic reports.

Financial markets are focused on a potential 50-point rate cut by the US Federal Reserve, as investors anticipate major shifts in economic policy.

The bond markets, already pricing in a borderline hard landing, reflect the expectation of a significant easing cycle over the next two years.

However, experts caution that the Fed could disappoint, as the current economic conditions differ from previous events such as the pandemic or credit crises. #featured #trending

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Bitcoin’s Q4 outlook: key factors and upcoming milestones

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Insights into market trends and critical events shaping Bitcoin’s performance

Crypto Corner explores the latest market movements, expert insights and the influence of macroeconomic factors on the crypto industry.

Crypto Corner is hosted by Caroline Bowler, CEO of BTC Markets.

In this episode, Caroline speaks with Matt Willemsen, Head of Research & Content at Collective Shift, about what could drive Bitcoin’s strong performance in Q4. They explore how the current market differs from past cycles, the ongoing Solana vs. Ethereum debate, and the role of project-specific conferences in market trends. Matt previews key Q4 events, including the Solana Breakpoint conference and upcoming altcoin milestones like Uniswap v4 and Polygon 2.0. #crypto corner

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