During the past couple of weeks, several companies have announced significant layoffs, Cameo and Robinhood , among others. Similarly, Meta announced a hiring freeze, and Uber's CEO mentioned that from now on, hiring is going to be a "privilege." The main driver here is the sense of a recession in the air. From the significant drop in the valuation of recently IPO'd tech firms to the urgency in the Fed's actions, the general sense is that the euphoria of private firms' valuations and $100 million seed rounds are a thing of the past. Over the past few years, most startups have invested heavily in growth, but they are still far from being profitable, so most will soon see a need to raise additional funds. Since the previous funding rounds were probably raised on inflated valuations, raising additional funds will likely require taking a "down round," impacting current investors and further diluting the founders. So the question every founder and operator … [Read more...] about As Talk of a Recession Looms, Here’s What to Consider Before Laying Off People to Cut Costs
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Today’s top design innovators have it all wrong. Here’s how to think bigger
Charles Eames was once asked to define the boundaries of design. “What are the boundaries of problems?” he replied. That was more than 50 years ago. The impact of design has only grown. As the boundaries of problems have expanded, so has design. We believe it must expand even more in the years to come. advertisement advertisement The problems facing business and, indeed, humanity are becoming even more intractable, intertwined, and complex. The global population will be nearly 10 billion by midcentury. Cities will house some 2.5 billion people by 2050, making them more crowded and clogged. Meanwhile, the global demand for everyday goods, housing, and transportation is rising—requiring material resources that we don’t have and squeezing our planet’s ecosystems. Mass migrations, booming income inequality, raging pandemics, and the impact of AI and automation add dramatically to the challenges we face. The world is screaming out for new solutions to … [Read more...] about Today’s top design innovators have it all wrong. Here’s how to think bigger
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Share to Twitter Share to Linkedin Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome Powell, who pledged to keep raising interest rates until inflation starts “coming down.” Key Facts Stocks widely rebounded, paring back some of the steep losses from last week: The Dow Jones Industrial Average rose 1.3%, over 400 points, while the S&P 500 jumped 2% and the tech-heavy Nasdaq Composite 2.8%. The market broadly moved higher—with ten out of eleven sectors in the S&P 500 posting gains, as shares of technology stocks and financials led Tuesday’s gains. Markets initially moved higher amid a solid retail sales report and news that China could soon be taking steps to ease lockdowns in cities such as Shanghai, with optimism about reopening helping boost prospects for global economic activity. … [Read more...] about Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation