Apple has announced that it’s cutting several sales jobs to bolster customer engagement efforts, according to a Reuters report on Monday.
The company told Reuters that only a small number of roles will be affected and that it is continuing to hire, with impacted employees eligible to apply for new positions.
According to Bloomberg, the roles affected include account managers who work with major businesses, schools, and government agencies. Staff who run Apple’s briefing centers, where institutional clients receive product demonstrations and meet with company representatives, were also included in the cuts. One target of the layoffs was a government sales team that works with agencies such as the U.S. Defense Department and the Justice Department. The outlet added that the team had been operating in challenging conditions following a 43-day government shutdown and additional cutbacks by the Department of Government Efficiency.
\



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more