Rivian cuts hundreds of jobs to reduce costs amid vehicle rollout

Rivian's layoffs highlight the EV sector's struggle with demand shifts and the impact of expiring tax credits on market dynamics. The post Rivian lays off hundreds of workers to enhance operational efficiency appeared first on Crypto Briefing.

A special postbag edition

This week, the AWS IoT Device SDK for Swift reached general availability. As a member of the Swift Server Workgroup (SSWG), this one caught my attention. The SDK brings production-ready MQTT 5 connectivity, Device Shadow, Jobs, and fleet provisioning to Swift developers on macOS, iOS, tvOS, and Linux. I’m curious to see what you will build with it. […]

OpenAI launches the Economic Research Exchange to study AI’s impact on jobs, productivity, and the economy. Applications are now open for selected research projects.

Despite job growth, rising long-term unemployment and sector-specific gains highlight economic disparities and challenge Fed's rate decisions. The post US labor market adds 172,000 jobs in May, but job seekers face longer unemployment appeared first on Crypto Briefing.

The unexpected job surge may delay rate cuts, strengthening the Canadian dollar and impacting trade, investments, and crypto markets. The post Canada adds 88,000 jobs in May, unemployment rate falls to 6.6% appeared first on Crypto Briefing.

Robust job growth and stable unemployment may deter rate cuts, potentially impacting investment strategies and crypto market dynamics. The post American economy adds 172,000 jobs in May as unemployment holds at 4.3% appeared first on Crypto Briefing.

Canada's unexpected job surge complicates monetary policy, reducing rate cut prospects and impacting investment strategies in risk assets. The post Canada adds 87,800 jobs in May, unemployment drops to 6.6% as rate cut hopes fade appeared first on Crypto Briefing.