At least 42,000 people have lost their jobs in Europe since March last year.
For instance, OneBonsai in the Belgian city of Leuven, which is home to a group of tech pioneers, has not been affected.
The developers at OneBonsai build virtual reality training scenarios in the metaverse. OneBonsai’s clients have been worried about the sheer number of layoffs in big tech, but the team said they have not seen any slowdown in demand. “Some people refer to the metaverse as the eighth continent, meaning that it’s going to be a place where people can live and exist, own things, buy things, meet people, have relationships with, in a fully digital environment,” said the firm’s co-founder Dimitri Pirnay.Hiring experts said the start-up philosophy of “moving fast and breaking things” could hit a roadblock as funding from investors dry up.
“This risks exposure, not only for the bank itself to that single segment, but also to the companies themselves. “I think it emphasises the importance of public markets and how vital it is to get finance to these businesses in a more effective way.”
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