Glovo Is Planning To Layoff 250 Workers Worldwide, The Middle East Is Already Suffering From A Water Shortage
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Many companies hire additional employees during the pandemic, but the current economic situation has meant that rising costs force many companies to make redundancies. The Middle East is the warmest region on our planet, as everything has its good and bad sides. It turns out that the great disadvantage and at the same time the torment of this region can be the lack of water.
In this article:
- Bitcoin to naira
- The Layoffs
- Will water be more valuable than gold?
Bitcoin to naira
Nigeria's central bank wants to get citizens to switch to digital cash.
The Central Bank of Nigeria continues to impose restrictions on cash withdrawals from ATMs as part of its ongoing efforts to accelerate the transition to a cashless society.
These actions led to the price of one bitcoin (BTC) in Nigeria skyrocketing to the equivalent of $38,000 in the local currency, naira.
Source: https://t.co/1JFzdATyNT
— CoinGecko (@coingecko) January 30, 2023
The layoffs
Significant layoffs no longer affect only technology companies, but also the service industry. The pandemic meant that restaurants were closed, and in order to stay on the market, restaurants offered deliveries. The leader of the supply remained Glovo, which significantly increased the number of employees due to the pandemic.
The Spanish company Glovo said on Monday it planned to lay off 250 workers worldwide, citing declining orders and inefficiencies after the COVID-19 pandemic led to an increase in employment.
The layoffs, which will mainly affect Glovo's Barcelona offices, represent a 6.5% reduction in the company's global workforce. The CEO stressed that the layoffs affected the company's headquarters in Barcelona in areas such as business support functions, recruitment and data.
The current macroeconomic situation, with rising interest rates and inflation, reduces the purchasing power of consumers, and some decide to order less often.
Delivery Hero's Glovo to lay off 250 employees worldwide https://t.co/sJJ8ZijUWn pic.twitter.com/ouaBmh3dbo
— Reuters Business (@ReutersBiz) January 30, 2023
Will water be more valuable than gold?
For many, gold and oil, also referred to as black gold, are the most valuable, but we forget about the most important resource without which it is impossible to survive - water. We can live without gold and oil and yet they are more valuable than water.
Water is so common that its absence is something abstract. Water can become a scarce product, especially in the Middle East region, which is rich in oil. Many countries in the region already suffer from water stress, but what could that mean for the rest of the world?
This shows that we should globally focus on climate care, because the lack of water can also affect other parts of the world. Energetic transpomation may not be enough, it may also turn out to be more reogristic water distribution.
The Middle East is rich in oil reserves, providing a huge portion of the world’s energy. But what it has in abundance in hydrocarbons, it lacks in a resource that’s becoming scarcer by the year: water. (via @CNBCi) pic.twitter.com/ROBh9kw2hg
— CNBC (@CNBC) January 30, 2023
