All articles tagged with #nextdoor
Nextdoor has launched a redesigned app featuring AI-powered local recommendations, real-time emergency alerts, and local news partnerships to enhance neighborhood connectivity and safety.
Nextdoor is overhauling its platform to improve usefulness by introducing authoritative emergency alerts, partnering with local news outlets, and adding AI-powered features like a neighborhood recommendations chatbot, aiming to focus on utility and community engagement.
Google and Nextdoor are laying off 200 employees, reducing their workforces by 25%. However, tech layoffs have been on a decline since January, and economists remain optimistic about the sector's recovery. Despite concerns about the slow return to working in the office, new job opportunities in AI, clean energy, and electric vehicles are helping those laid off find work. The decline in office workers has negatively impacted small businesses and restaurants that rely on their patronage. The future of office work and its impact on retail demand remains uncertain.
San Francisco-based social media platform Nextdoor is cutting its workforce by 25% in an effort to navigate the economic difficulties faced by social media companies and the tech industry. The company confirmed the layoffs in its third-quarter earnings report, with CEO Sarah Friar describing it as a difficult decision. While the exact number of employees affected was not disclosed, it is estimated that around 200 employees will be let go. The move is expected to save Nextdoor up to $60 million annually. This comes as other companies, including Splunk, Faire, and Informatica, have also recently announced layoffs due to high interest rates and declining advertising revenue.
San Francisco-based social media company Nextdoor will lay off 25% of its staff as part of a cost reduction plan aimed at reducing personnel expenses by $60 million. The company's CEO, Sarah Friar, stated that while the decision was difficult, it was necessary to align the business with near-term revenue expectations. The financial report also revealed a 6% increase in weekly active users and a $5 million revenue increase year-over-year. The company's CFO, Mike Doyle, has resigned, and the current Head of Finance and Strategy, Matt Anderson, will assume the role. No details were provided about severance packages for laid-off employees.
A study using 2.6 million Nextdoor posts shows that users' online activities can accurately predict their socioeconomic status, with wealthier neighborhoods showing more positive but crime-sensitive posts. The study also highlights regional differences in crime discussions, with the wealthiest areas in both the US and the UK talking about crime more, even with lower actual crime rates, and discussions in the US more skewed towards weapons and violent crimes. This discovery suggests that our overall online activities might provide insights into our socioeconomic standing, enabling the potential for user profiling.