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In Q4 2022, Jumia cut 20% of staff to cut losses by half

As part of its streamlining efforts, Jumia cut managerial headcount by 60% in Dubai and over 900 positions across its 11 markets, affecting 20% of its staff. Jumia’s FY2022 financials show this happened in Q4 last year. This follows the Jumia Supervisory Board’s note on senior management shake-ups when it …

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WHO “Very Concerned” About Rise In COVID-19 Cases in China

According to reports of rising COVID-19 cases and overburdened healthcare systems in China, the World Health Organization (WHO) is “extremely worried,” according to WHO Director-General Tedros Adhanom Ghebreyesus. The declaration follows horrifying photographs and videos from the typically secretive country, which show hospitals and funeral homes struggling to handle what …

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For their tiny medication delivery robots, Bionaut Labs receives $43.2 million

In March 2021, Bionaut Labs, which was established in 2017, came out of hiding with the intention of commercializing years of medication delivery robot research. The Los Angeles-based business today announced a $43.2 million Series B investment round as a follow-up to its first $20 million funding announcement, bringing its …

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