The boss of European digital insurance startup Wefox decried how tech companies have laid off workers en masse.
worse than the 2008 or 2000 crises, Leone said some companies will emerge stronger than others.
In some eyebrow-raising comments, Sebastian Siemiatkowski, CEO of Klarna, said his firm was "lucky" to cut jobs when it did. Siemiatkowski said that roughly 90% of the people laid off had since found new jobs. Wefox says its business is "crisis-resistant." But fellow insurtechs have had to make cuts lately, including Lemonade, which shed 20% of staff at Metromile, a car insurance company it acquired, in July.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Owner of Ray's European Garage killed at Glendale apartment complexPolice say someone called 9-1-1, saying they heard a gunshot and a man screaming in the area of 59th and Bethany Home avenues.
Read more »
Trafigura: European gas crisis ‘potentially alleviated’ – FTTrafigura Chief Executive Officer Jeremy Weir said at Financial Times Commodities Asia Summit in Singapore on Wednesday, the European gas crisis has b
Read more »
European markets set for muted open as investors track data, Fed minutesEuropean markets are set for a muted open on Wednesday as investors await euro zone economic data and the U.S. Federal Reserve's latest meeting minutes.
Read more »
European, U.S. demand have become key drivers of metal prices-Trafigura chiefDemand from Europe and the United States has become a key driver of global metal prices, along with that from China, as a rise in electrification in those regions boosts appetite for metals, Trafigura's executive chairman said at a summit in Singapore.
Read more »
‘Belfast,’ ’The Quiet Girl’ Among 2022 European Film Awards Craft WinnersOscar hopefuls 'EO' and 'All Quiet on the Western Front' also received honors in the EFA craft categories announced Wednesday.
Read more »
Berlin’s European Shooting Stars Jury Unveiled – Global BulletinJURY DUTY The jury for the 2023 edition of European Shooting Stars has been unveiled and it includes internationally-recognized directors, producers and actors as well as one of Variety’s own…
Read more »