Shopify Cuts 20% of Staff
Shopify announced its intention to lay off more than 2 thousand employees as part of efforts aimed at intensifying activities in the field of e-commerce.
Canada - page 6
Mavenir Raises $100 Million
Mavenir, a company that specializes in open radio access networks and related services for 5G networks, announced that it managed to attract investment funds for $100 million.
Starbucks’ US Loyalty Membership Increases 15%
The Starbucks loyalty program demonstrates growth in not the most favorable conditions for activating positive trends.
IBM Suspends Hiring Due to AI
The media reports that IBM plans to temporarily stop recruiting employees for those positions that artificial intelligence can handle.
Nextdoor Launches New Assistant Feature
Nextdoor social network on Tuesday, May 2, introduced a new feature that is based on generative artificial intelligence.
Dropbox Lays Off 500 Employees
Cloud storage giant Dropbox has joined technology companies that are implementing a workforce reduction policy, announcing the layoff of 16% of staff, which is equivalent to about 500 people.
Amazon Closes Halo Health Division
Amazon has sent out notices to Halo Health customers that this division of the company is ceasing operations on July 31 of this year.
Silicon Valley Bank Employees to Get Back Some Money
Media reports that Silicon Valley Bank employees are returning some of the money after a period of uncertainty.
Shopify Adds Melio’s B2B Embedded Finance Offering to Commerce Platform
Shopify has announced the addition of Melio’s built-in financial offer for B2B to its trading platform.
Reddit to Charge for Access to Its API
Following Twitter, which decided to restrict third-party access to its data, Reddit on Tuesday, April 18, announced the launch of the practice of charging for the use of the API.
Meta Horizon Worlds Adds Controls as It Lowers Age Requirement
Meta has announced a relaxation of age requirements, compliance with which allows users to access the virtual reality (VR) platform.
Stripe Offers Affirm’s Adaptive Checkout to Canadian Users
Stripe payment company and the Buy Now, Pay Later (BNPL) Affirm service provider have expanded the scope of cooperation.
Bloomberg Develops Generative AI Model Trained on Financial Data
Bloomberg LP announces its intention to add artificial intelligence (AI) functions, with which users will be able to get answers to business-related questions.
Union Credit and TransUnion Team to Help Credit Unions Find Borrowers
Union Credit and TransUnion have established a partnership to improve the customer service process.
Tabit and Lenovo Join Efforts to Offer B2B BNPL in Canada
Lenovo will offer its business customers a BNPL payment method through their Tabit B2B integration
Open Banking Expo Canada — 15 June, 2023
Join Pay Space Magazine at Open Banking Expo Canada on June 15, 2023. Discover innovations and the future of fintechs, banks, and credit unions while connecting with leading industry members and promising forerunners.
Breaking News
