In Squid Game style, Googlers were fired; If the Pass turns red, you are no longer required!

The Daily Top 7 News and Trends

Jan 25, 2023

The NextBigWhat newsletter brings you curated and summarized business and tech news every day.

Stay up to date on the TOP 7 trends and news in just two minutes!

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(BIG)Idea of the day
The Firefighter
Do you run towards a crisis while others are fleeing? Do you loathe wasting time? If this sounds like you, then you’re a firefighter personality.
To excel, identify and prioritize your tasks by urgency and importance.
From How these 6 time management personalities manage their time. Read the full article on NextBigWhat.

Here are today’s Top 7 news stories:

Fintechs call for ‘priority’ status and incentives in 2023 Budget

Fintech industry seeks ‘priority sector’ status to drive financial inclusion.
Fintechs are asking for incentives to cover the cost of growing digital payment networks in the country.
The industry has seen several regulatory reforms in the last year.

3M to reduce 2,500 manufacturing jobs due to decreased consumer demand

3M announces plans to cut 2,500 manufacturing jobs.
Decreased consumer demand is the cause of the job reductions.
Chief executive states that more actions may be taken before the spin-off of the healthcare unit.

Jeremy Grantham warns of potential 50% stock market crash in 2023

Legendary investor Jeremy Grantham predicts a potential 50% stock market crash this year.
Grantham believes this is the ‘final phase’ of a bubble.
Investor confidence could be negatively impacted by a downturn in housing markets, recession, or falling corporate profits.

DoJ files second antitrust suit against Google to break up its ad business

Department of Justice files second antitrust suit against Google.
The lawsuit focuses on Google’s advertising business.
Jonathan Kanter, DOJ antitrust chief, has been cleared to work on Google. The suit seeks to break up Google’s ad business.

Ex-Google employee said they were fired in Squid Game style: If pass turns red, you are fired!

Finding out if they had been fired by Google or still had their jobs was difficult for the New York-based staff.
The workers had to stand in line to have their access passes tested. They may enter the office if the pass turned green, but if it turned red it indicated that the employee had been let go.

85% of Gen Zers less likely to apply to job without salary listed

A survey by Adobe shows that 85% of Gen Zers are less likely to apply to a job if the salary is not disclosed.
Just over 1,000 US post-secondary students and recent graduates participated in the December survey that Advanis and I performed.

Elon Musk testifies that Google’s interest in buying Tesla motivated him to pursue taking it private with Saudi funding

Elon Musk testified that Google had a “standing interest” in buying Tesla.
This encouraged Musk to pursue taking Tesla private. Musk looked to the Saudis for funding.

From NextBigWhat:

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