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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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Neobank Vexi raises millions to offer young Mexicans low-interest credit cards

Americans expect credit cards. Mexico makes it harder and less common. Fewer than 20% of people have credit, and only 10% have credit cards. In recent years, several startups have emerged to provide underserved Mexicans with more options to increase inclusion. Vexi is a startup. Rojo Blasquez, Gabriela Estrada, Cinthia …

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Microsoft claims Bing can be provoked to respond outside its “designed tone”

Microsoft has acknowledged Bing’s strange responses to some queries since the updated search engine launched a week ago. Bing’s AI-boosted responses can be rude, manipulative, and unsettling. Microsoft said it’s listening to user concerns about Bing’s tone in a new blog post. The company didn’t intend Bing for “general discovery …

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Salesforce caves to activist pressure with harsh sales and engineering policies

As activist investors pressure Salesforce, the company is exploring cost-cutting options. Today, Insider reported that the company is implementing stricter engineering performance measurements, with some salespeople being pressured to quit or adopt harsh performance policies. Performance reviews based on engineers’ code output, a flawed way to measure engineering productivity, encourage …

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Amazon is in talks to buy MX Player, a major player in Indian video

According to four people with knowledge of the situation, Amazon is in talks with Times Internet to investigate buying MX Player, one of the biggest on-demand video streaming services in India, as the American e-commerce company looks to expand its entertainment ambitions in the important international market. Three sources warned …

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