$(META)$
Meta layoffs are said to begin this week. Here are the jobs likely to be cut. The long-awaited cuts will at first primarily target workers in the Facebook-parent company’s recruiting division.
And the implications of this SVB bank's bankruptcy is huge. It's not the simple bankruptcy of a one single company. This is tantamount to a death sentence for venture companies. Currently, venture companies are doing a lot of equity swaps and M&As with each other. Money for venture companies from banks and individuals will start to be blocked. What those ventures will do in the future? This is a domino effect.
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