The Daily Populous

Wednesday June 7th, 2023 day edition

image for Reddit to lay off about 5% of its workforce

June 6 (Reuters) - Reddit said on Tuesday it is laying off about 5% of its workforce, or 90 employees, joining a list of technology companies that have been cutting jobs across corporate America.

Tech companies including Meta Platforms (META.O) have been slashing jobs after aggressively hiring during the pandemic, as the industry braces for an economic downturn.

Meta, the owner of Facebook, slashed jobs across its business and operations units last month, as it carried out its last batch of a three-part layoff round, first announced in March to eliminate 10,000 roles.

The Wall Street Journal first reported Reddit's move on Tuesday, citing an email sent to employees from Chief Executive Steve Huffman.

Huffman said the company would also reduce its hiring for the rest of the year to about 100 people from an early plan of 300, according to the WSJ report.

In December 2021, Reddit had confidentially filed for an initial public offering with the U.S. securities regulator after the company's message boards became the go-to destination for day traders during a meme stock frenzy.

Reporting by Bhanvi Satija and Samrhitha Arunasalam in Bengaluru; Editing by Maju Samuel. »

U.S. judge blocks Florida ban on care for trans minors in narrow ruling, says ‘gender identity is real’

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Judge Robert Hinkle issued a preliminary injunction, saying three transgender children can continue receiving treatment.

The lawsuit challenges the law Republican Gov. Ron DeSantis signed shortly before he announced a run for president.

Transgender medical treatment for minors is increasingly under attack in many states and has been subject to restrictions or outright bans. »

Tunisian president suggests taxing rich as solution to fiscal problem

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[1/2] A man gestures while holding a picture of Tunisia's President Kais Saied as people rally in Tunis, Tunisia March 20, 2023.

TUNIS, June 3 (Reuters) - Tunisian President Kais Saied on Saturday suggested raising taxes on richer people could be an alternative to socially painful reforms as a means to secure an international financial rescue package.

Italian Prime Minister Giorgia Meloni will visit Tunisia next week, Tunisian state media reported on Friday. »

GPS Mistake Led Driver With 400lbs of Drugs to Canada Border, Arrested

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A 60-year-old American inputted the wrong GPS coordinates and ended up at the Canadian border.

Police said an inspection uncovered 400 pounds of cannabis and more than $600,000 cash in his car.

Canadian border officials said that they found 181 kilograms, or about 399 pounds, of cannabis during the inspection that was valued from $269,775 to $539,552. »