Here are the top trending stories from the world of technology. News that we feel every technology enthusiast should keep a tab on.
Apple’s Senior Official forced to resign after obscene comment goes viral on TikTok
Apple’s Vice President of Supply Chain, Tony Blevins, has been forced to resign from the company. This after a viral TikTok video showed him making vulgar comments about women. In this video, Blevins reportedly said that he loves to fondle women’s breast. This TikTok video was uploaded on 5th September and was viewed by more than 1 Million people. Apple has officially confirmed his departure, according to media reports. Blevins was one of the senior most officials in the company and was someone who directly reported to Apple’s CEO Tim Cook.
Meta suspends Hiring, More layoffs likely
The ongoing economic slowdown seems to be pinching the tech sector really hard. This conclusion could be inferred from Meta’s latest decision. Meta has become the first big tech company to completely freeze new hiring, a decision that Mark Zuckerberg has personally conveyed to all Meta employees, according to Bloomberg. Zuckerberg has also reportedly hinted in the email that more restructuring and downsizing is on the ways, which means that layoffs and job cuts in the coming months are more or less certain. With economy showing no sign of improvements, most big tech companies including Apple, Google and Microsoft have announced that they will slow down hiring. But, unlike Meta, none of them has so far suspended hiring.
SoftBank Vision Fund lays off 30% of its workforce
SoftBank Vision Fund, the venture capital arm of Japanese telecom giant SoftBank, has kickstarted a huge layoff process, cutting 30% or approximately 150 of the 500 global employees. The SoftBank Vision Fund has been proving to be a big contributor to SoftBank’s overall loss, with the former contributing nearly $17 Bn in its parent company’s quarterly loss in the last quarter. SoftBank Vision Fund is known for backing scores of startups across the world. It has funded several high-profile startups in India as well including the likes of Paytm, Flipkart, Oyo, Ola, Meesho and many more. It also a investor in the ride hailing major Uber.
Indian government reportedly bans Porn websites
Indians are more likely to face tough times in accessing porn websites in the coming months. That’s because India’s Telecommunication Department has just signed an order that imposes blanket ban on porn websites in the country. However, the Indian government has so far not made any official announcement on this matter. But credible sources claim that it is more or less certain that the ban on porn websites will come into force in the coming months. It is not clear whether the government’s decision is motivated by growing complains about porn websites encouraging inappropriate and sexual abuse behavior among the Indian citizens.
Luxury Car Maker Porsche makes a historic IPO debut
You may not be able to afford to buy a luxury car Porsche but you can’t think of buying shares of the Porsche. Barely 24 hours have been passed in what has now been described as Porsche’s historic listing on the Frankfurt Stock Exchange. Porsche’s IPO has been described as one of Europe’s biggest ever public listing. The parent company Volkswagen has reportedly made windfall of profit from this public listing. Volkswagen will reportedly use money generated from the IPO for investing in its electric car production and compete with Elon Musk’s car company Tesla. Like Volkaswagen