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NYDIG, the bitcoin trading and banking firm, laid off about a third of its workforce last month, people familiar with the matter said. Company executives informed employees affected by the job cuts, which numbered around 110, on Sept. 22, the people said. Employees were told the firm was seeking to trim expenses and narrow its focus to more-promising businesses, the people said. The cutbacks came less than two weeks before NYDIG announced publicly that it had replaced its…

Foam products and furniture maker Vitafoam saw its profit for the nine months to June quicken by about 33 per cent on the back of higher income from its home market Nigeria, which provided 99.99 per cent of sales for the period, according to its newly issued earnings report. Revenue totalled N35.7 billion up from N26.8 billion, the document seen by PREMIUM TIMES showed. But spikes in inflation of Africa’s biggest economy in the period meant cost of sales, at N23.5 billion, would gnaw away at the bulk of that…

Samsung Electronics' operating profits fell by more than a third in the fourth quarter, the world's biggest manufacturer of smartphones and memory chips estimated Wednesday.Samsung was hit by a series of difficulties in 2019, with chip stockpiles bloating and prices falling, in contrast to the booming market of previous years.The premium smartphone market has also grown fiercely competitive with buyers waiting longer before upgrading to new models.But the figures beat expectations, analysts said, with chip demand starting…

Alibaba Group is cutting over a third of staff in its in-house deals team, four people with knowledge of the matter said, after Beijing's sweeping regulatory crackdown sharply slowed the Chinese e-commerce behemoth's dealmaking pace. Alibaba plans to reduce its strategic investment team of more than 110 people, mainly based in mainland China, to about 70, said two of the people, adding the company has already informed a bulk of staffers of their redundancy. Alibaba did not immediately respond to a request for comment.The…

About 33 of the top 100 hospitals in the US are sending sensitive patient data to Facebook, now known as Meta, via a tracking tool installed on their websites, according to a media report.Whenever a person schedules a doctor's appointment, the tracker called the Meta Pixel sends Facebook data -- which includes details of medical conditions, prescriptions, and doctor's appointments, The Markup reported. Meta Pixel was also installed inside the password-protected patient portals of seven health systems. Collectively, 33…

Credit: Pixabay/CC0 Public Domain A large international study found that on average 31.4% of adolescents reported feeling unsafe at school in 13 European and Asian countries. The result revealed inequality in securing a safe educational environment for students across countries. …