Additionally, the company has decreased its hiring rate, recruiting 33% fewer new employees compared to the previous year
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These layoffs are part of a broader reduction by Branch Metrics, the company that acquired Nova Launcher in 2022
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The hiring will take place over the next two years as part of the company's expansion strategy
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This latest round of reductions has further inflated the year’s overall layoff numbers, bringing the total to 1,24,517 employees affected across 384 companies globally
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The location will serve as a hub for technology solutions and developments
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This is despite the fact that most corporates try to promote entrepreneurship among their employees (intrapreneurs) by providing platforms, incentives and occasional funding
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Experienced professionals in the Advertising, Marketing, Research, and PR sectors enjoyed the highest salary growth among experienced professionals, with a 15% rise
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While no teams are being entirely disbanded, significant impacts will be felt by National Geographic, local TV stations, Freeform, and the network’s marketing and publicity departments
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