Tech
Bunq Expands Global Team Amid Fintech Job Cuts, Targeting Digital Nomads
Dutch neobank Bunq is defying the trend of job cuts in the fintech industry by launching a significant hiring spree. The company plans to grow its workforce by 70% this year, aiming to end 2024 with 735 employees, up from 427 at the start of the year. This comes as other fintech startups are reducing their staff.
Bunq’s expansion is driven by its ambitions to break into new markets, including the U.K. and U.S., where it plans to compete with established digital banks like Monzo, Revolut, and Chime. To support this global growth, Bunq is actively recruiting talent across multiple areas, including sales, product marketing, PR, and user support.
One of Bunq’s key hiring initiatives is a “tailored digital nomad” program, designed to attract remote workers who can operate from anywhere in the world. Despite this focus on flexibility, the company will maintain its physical office spaces in cities such as Amsterdam, Sofia, Istanbul, and New York City.
Bunq is also in the process of applying for banking licenses in both the U.S. and U.K., as it seeks to expand its services and establish a stronger foothold in these key markets.
Tech
PayPal Outage Disrupts Services for Thousands Worldwide
Thousands of PayPal users were unable to access their accounts or process payments on Thursday due to a brief global outage, the company confirmed.
PayPal acknowledged the issue on its service status page, describing it as “a system issue” that impacted multiple products, including account withdrawals and express checkout. Cryptocurrency services and its peer-to-peer payment app, Venmo, were also affected.
The outage, which began at 10:53 UTC, was resolved swiftly, according to PayPal. Despite the brief duration, the disruption caused significant inconvenience, with users reporting difficulties logging into their accounts and completing transactions.
Downdetector, a platform outage tracker, registered over 7,000 complaints from users by 12:12 GMT. Many customers shared their frustration on social media, posting screenshots of error messages such as “please check your entries and try again” when attempting to log in.
PayPal apologized for the disruption, assuring users that its systems were back to normal.
Founded in 1998, PayPal has grown into a leading global financial institution. The company reported a record 432 million active accounts as of the end of September, cementing its role in the digital payments ecosystem.
Tech
DOJ Proposes Chrome Sale to Curb Google’s Search Monopoly
The U.S. Department of Justice (DOJ) has proposed that Google sell its Chrome browser as part of measures to break its dominance in online search. The proposal, included in a court filing on Wednesday, aims to restore competition following a landmark anti-trust ruling in August that found Google illegally suppressed its competitors.
Key Proposals by DOJ
- Chrome Divestiture: The DOJ suggests Google sell Chrome, the world’s leading web browser, to limit its ability to funnel users to its search engine.
- End Default Search Agreements: The government seeks to ban Google from contracts with companies like Apple and Samsung that make Google Search the default on their devices.
- Five-Year Browser Market Ban: Google would be prohibited from re-entering the browser market for five years to allow competition to flourish.
The filing, supported by several U.S. states, argues these steps are necessary to counteract Google’s alleged stifling of competition in general search and search advertising markets.
Google’s Response
Google criticized the DOJ’s proposal as a “radical interventionist agenda,” claiming it would harm both consumers and the broader U.S. technology sector.
- Kent Walker, Google’s president of global affairs, said the plan would “break a range of Google products… that people love and find helpful.”
- Google plans to submit its counter-proposals by December 20.
Impact and Timeline
Judge Amit Mehta is expected to make a final decision by mid-2025. The DOJ’s filing follows revelations that Google controls 90% of global online searches, leveraging its ownership of Chrome and the Android operating system to maintain its dominance.
Tech
Geeksvillage Marks 11th Anniversary
In a remarkable celebration of innovation and dedication, Geeksvillage has proudly announced its 11th anniversary, marking over a decade of transformative impact in the business world.
Founded with a mission to empower SMEs and help them reach international standards, Geeksvillage has consistently provided businesses with tools and solutions that have enabled them to thrive. From affordable web design services to innovative digital strategies, the company has established itself as a trusted partner for growth and success.
Geeksvillage Marks 11th Anniversary Statement
In a statement shared online, Geeksvillage expressed gratitude to its clients and supporters:
“Today, we celebrate not just a milestone but 11 years of passion, innovation, and relentless dedication. For the past 11 years, we have helped SMEs grow into international standards and given businesses the wings to soar. This achievement belongs to everyone who has been part of our story.”
The statement particularly acknowledged the role of its clients, whose patronage has been the cornerstone of the company’s journey.
Geeksvillage also took the opportunity to thank its supportive community for standing by them through the years, underscoring the collective effort that has driven their success.
Reflecting on its journey, the company highlighted the challenges that shaped its evolution and the accomplishments that fueled its growth. As Geeksvillage looks to the future, it remains committed to delivering excellence and empowering businesses on a larger scale.
With 11 years in the bag and countless possibilities ahead, Geeksvillage invites everyone to celebrate this milestone and join them in building an even brighter future.
Here’s to Geeksvillage – 11 years of transforming businesses and counting!
Article you may also like: How To Stop Hacking
-
Business4 days ago
Trump Names Chris Wright as Energy Secretary in Push for Fossil Fuel Expansion
-
Sports4 days ago
Hungary Coach Szalai Stable After Collapsing During Nations League Match
-
Spotlight3 days ago
The Impact of Quality Apparel Production on Business Branding in Lagos, Nigeria
-
Entertainment2 days ago
Liam Payne’s Funeral Set for Wednesday in Private Ceremony
-
Spotlight1 day ago
The Role of Endocrinology in Managing Chronic Conditions: Insights for Patients in Las Cruces, NM
-
Sports4 days ago
Sinner Clinches Historic ATP Finals Victory in Turin
-
News2 days ago
Hong Kong Sentences 45 Pro-Democracy Activists in Landmark Subversion Trial
-
Entertainment2 days ago
Cast of Wicked Shine on the Green Carpet at European Premiere