Meta is laying off 10 percent of its staff

Meta is planning to layoff around 10 percent of employees in May, according to a memo from the company’s chief people officer, Janelle Gale, published by Bloomberg. That means approximately 8,000 people will see their jobs cut. Meta will also be closing around 6,000 open roles, according to Gale. The cuts follow Meta’s significant investments…

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AUSTRAC Launches Supervision Campaigns as Australia’s Crypto Regulatory Reforms Kick In

In brief AUSTRAC has launched two targeted supervisory campaigns into Australia’s virtual assets sector as new regulatory reforms take effect. The campaigns assess money laundering risk management as Australia expands regulation beyond traditional exchanges. Australia’s new laws broaden coverage to include custody, brokerage, and other virtual asset service providers. Australia’s financial intelligence unit AUSTRAC has…

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