Sudden mass layoffs at the biggest technology companies on Earth could be an opportunity for Australian organisations to fill long-standing gaps in their workforces. More than 70,000 employees have been sacked from tech giants in the past year as companies such as Google, Microsoft, and Meta – which saw enormous growth during the pandemic – are now winding back their staffing… Read more »
‘Stupid money’ is out and smart investors are looking for opportunities in the Australian startup scene, say leading venture capital partners. Speaking at the Melbourne Startup Bootcamp at Bay City Labs yesterday, Skalata Ventures cofounder and CEO Rohan Workman called out the ridiculous funding rounds that had given startup founders unrealistic expectations. “It’s a great time… Read more »
Tech salaries have surged in recent years, but a leading recruiter has warned that salaries are “starting to stabilise” as widespread economic challenges force companies to tweak their strategic plans and reassess their hiring requirements. Despite a continued appetite to invest in “paramount” critical technology functions – for example, infrastructure, governance, and development – many… Read more »
A newly developed text-to-speech language model from Microsoft can mimic a person’s speech from as little as three seconds of sample audio – but the tech giant is keeping its tech under wraps for now so it is not misused. One of Microsoft’s artificial intelligence (AI) research teams published a paper about its model for text-to-speech… Read more »
The widespread talent shortage is hitting Australian IT project managers hard, with nearly three-quarters experiencing staff shortages, according to a new report. The Australian Institute of Project Management’s State of Project Management in Australia included a survey of more than 300 diverse Australian project professionals in July and August last year. Just under a quarter of… Read more »
The Australian game development sector is enjoying rapid growth on the back of unprecedented government support, with almost 800 new jobs created in the last year alone. The Interactive Games and Entertainment Association (IGEA) released its sixth annual Australian Game Development Survey this week, revealing that the sector has more than doubled in size over the last… Read more »
The Reserve Bank of Australia (RBA) remains sceptical about the need to introduce a fully digital dollar as it looks to begin an eAUD trial early next year. In a speech to a banking conference last week, Assistant RBA Governor Brad Jones said it remained unclear exactly what purpose a central bank digital currency (CBDC)… Read more »
Police in the Bahamas have arrested the founder of collapsed cryptocurrency exchange FTX after criminal charges were filed in the US. Sam Bankman-Fried, who goes by the name SBF, was head of the company that was valued at $47 billion before speculation FTX was running insolvent led to a liquidity crunch that ultimately brought down the exchange… Read more »
The federal government has begun the formation of its flagship $15 billion manufacturing fund, with legislation introduced to Parliament and discussions with industry to kick off next week. The National Reconstruction Fund, a key election pledge from Labor, will provide funding to tech areas including medical science, renewables and low-emission technologies, and critical technologies such… Read more »
The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »
More than 25,000 jobs are set to be cut at three of the biggest tech companies in the world, as rapid growth during the pandemic slows and broader economic headwinds pick up speed. Reports emerged this week that Amazon is planning to lay off about 10,000 people, on the back of Facebook parent company Meta’s… Read more »
Privacy-focused payment startup Xiippy was the big winner from the River Rival pitch competition that closed out Brisbane’s Something Tech conference last week, taking out both the judge’s award for Best in Product and tying for the Best of the Best award with diabetes medicine subscription service Stripped Supply. Xiipy is encouraging retail merchants to… Read more »
Businesses are girding corporate communications teams with cyber security specialists as executives watch the cyber security disasters at Optus and Medibank play out in front of their eyes – and consider how they would manage the public fallout from a similar incident. The impact of the recent spate of breaches is evident at the ANZ… Read more »
Medibank has reported a “distressing development” regarding its unfolding cyber incident, as “a series of additional files” received from a criminal party have been found to include detailed Medibank customer data. The health insurance provider first reported “unusual activity” on its network on 13 October – and it was initially believed no customer data had been removed… Read more »
Australian employers could resolve ICT skills shortages by winding back their expectations that candidates have university degrees, according to an extensive ACS analysis that found there are more jobs posted in ICT than any other profession except healthcare. ICT job postings increased by 14% between 2016 and 2021 and have outpaced the overall employment market… Read more »
Atlassian shares plunge after another quarterly loss
We asked ChatGPT to explain 9 epic startup failures, including FTX & Fast, to VC investors – and most of the answers are bullshi… er, bullish
ASX-listed BNPL Openpay handed to receivers just a week after ‘record’ results after failing to secure working capital
Workplace coaching platform Fingerprint for Success raises $6.5 million
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