YTech: Spotify Lays Off 1,500 Employees | In Case You Missed These

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  • Spotify lays off 1,500 (17%) staff workers
  • Bolt Nigeria reveals plan to launch foolproof  verification of riders and drivers in 2024
  • Imagine Foundation partners with Tech4Dev to train tech talents on job acquisition in the global market
  • El-Rufai reveals $100 million VC funding for Nigerian startups
  • Nigerian man confesses to stealing over $6 million via bank hacks for seven years

Spotify lays off 1,500 (17%) staff workers

Global music and podcast streaming platform Spotify is currently undergoing a reform within its organisation and will reportedly cut off 17% of its workforce for the third time this year.

According to Bloomberg, the big tech company will be laying off 1,500 employees as it aligns with the company’s reviewed expenses and growth scheme.

The CEO of Spotify, Daniel Ek, expressed his feelings in an internal memo, narrating the importance of reforming the company to maximise longevity and sustainability in the industry.

“To align Spotify with our future goals and ensure we are right-sized for the challenges ahead, I have made the difficult decision to reduce our total headcount,” Ek said.

Bolt Nigeria reveals plan to launch foolproof verification of riders and drivers in 2024

Bolt Nigeria

Nigeria’s e-hailing taxi, Bolt, has revealed that it would be introducing new and foolproof verification methods to ensure both drivers and riders’ safety during trips.

This decision was made shortly after the meeting of Uber and the NIN drivers’ union requesting a NIN verification system.

The Country Manager of Bolt Nigeria, Yahaya Mohammed, announced that the app would soon demand selfie verifications for its drivers operating its platform.

“In terms of major plans for 2024, we are looking to rider verifications to ensure that we also know who our riders are and authenticate anybody who is registering on the platform. This year, we focused on verifying our drivers making sure to know who they are. Next year will be about knowing who our riders are and ensuring the platform is safe for our riders and drivers,” Mohammed said.

Imagine Foundation partners with Tech4Dev to train tech talents on job acquisition in the global market

Imagine Foundation, a German non-profit tech training and job placement organisation, has recently partnered with Tech4Dev to teach tech talents how to secure jobs in the global market.

The training was held in Lagos and attended by individuals from various aspects and with diverse experience levels.

Themed “Tech Careers 360: A Deep Dive Into Succeeding in the Global Job Market”, the event was profitable as it provided beneficial information on how to make practical attempts at securing a job in the global market.

El-Rufai reveals $100 million VC funding for Nigerian startups

The former governor of Kaduna State, Nasir El-Rufai, disclosed the $100 million venture capital fund aimed at supporting Nigerian startups and improving the tech space in Kaduna State.

The politician pledged to commit $2 million to begin the initiative, which would turn his aspirations into reality.

He also intends to convince foreign investors to invest in the initiative. He believed these investors would complete the funding.

Nigerian man confesses to stealing over $6 million via bank hacks for seven years

A British-Nigerian man, Idris Dayo Mustapha, pleaded guilty to hacking banks and stealing $6 million over seven years.

The cybercriminal was accused of 33 charges, including conspiracy to commit computer intrusion, securities fraud, access device fraud, and conspiracy to commit wire fraud.

According to reports, he allegedly moved the funds from the victim’s accounts without them knowing.

Idris was apprehended in the United Kingdom and is set for court judgment in April 2024.

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