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Strategy News
Coindoo
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Strategy Upsizes Stock Offering to Fuel Bitcoin Accumulation Push
- Bitcoin advocate Michael Saylor's company, Strategy, has upsized its stock offering from $500 million to $722.5 million.
- The offering includes 8.5 million shares priced at $85 each, with fixed dividends of 10% per year.
- The funds raised will be used for general corporate purposes, including the continued acquisition of Bitcoin.
- Strategy currently holds 499,226 BTC, valued at around $41.9 billion.
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Rockpapershotgun
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Battle Brothers gets an update two years on from its last one with some fixes and, surprisingly, some new content
- Battle Brothers, a game that hasn't had an update in years, has received a new update.
- The update includes new legendary locations and loot for mid-game mercenary companies.
- To access the new content, players will need to start a new campaign and mods will need to be updated.
- The update also includes various fixes that have been accumulated over the last year.
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Pcgamer
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Former Age of Empires 2 dev claims Microsoft demanded its first expansion should have a Korean faction, because 'Starcraft sold 3 million copies in Korea'
- Former Age of Empires 2 developer claims Microsoft demanded the game's first expansion to have a Korean faction.
- The developer, Sandy Petersen, was assigned to design the expansion pack called The Conquerors.
- Microsoft urged Petersen to add a Korean faction, citing the success of StarCraft in Korea.
- Ensemble Studios, the developer, rushed to include the Koreans in the game but made some mistakes in the process.
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NullTX
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Strategy Announces Pricing for $722.5 Million Series A Perpetual Preferred Stock Offering
- The 10.00% Series A Perpetual Preferred Stock (STRF) from Strategy has been successfully priced, with a planned issuance of 8.5 million shares at $85.00 per share.
- The offering grew from an initial size of $500 million to $722.5 million due to strong investor demand, with trading expected to begin on March 25, 2025.
- The increased offering size reflects overwhelming investor interest, prompting Strategy to adjust the size to meet demand and show investor confidence.
- The issuance of Series A Perpetual Preferred Stock aims to raise funds for strategic initiatives, including purchasing more bitcoin and maintaining strategic assets.
- Investors purchasing the preferred stock will receive a fixed dividend rate of 10.00% annually, paid quarterly, with the offering expected to close on March 25, 2025.
- Acquiring bitcoin demonstrates Strategy's commitment to the digital asset market amid growing popularity for bitcoin as a store of value and inflation hedge.
- The perpetual preferred stock offering appeals to investors seeking high-yield income opportunities, supporting Strategy's long-term success in traditional and digital markets.
- Strategy estimates to net around $711.2 million from the offering, to be used for general corporate purposes including buying bitcoin and boosting working capital.
- Issuing perpetual preferred stock enables Strategy to raise funds without traditional debt, providing flexibility and long-term funding sources for growth.
- The successful pricing of Strategy's Series A Perpetual Preferred Stock reflects a strategic move by the company to raise visible funds while maintaining long-term growth prospects.
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Pcgamer
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Nearly 2 years after its last update, the excellent Battle Brothers gets 'a bucket load of fixes' and free new content
- The strategy-RPG Battle Brothers received a new update, version 1.5.1, after nearly two years.
- The update brings a significant number of fixes and also introduces free new content.
- The new content includes two legendary locations with unique fights against new enemy types.
- Players will need to start a new campaign to access the new content, and most mods will not work with the update until they are updated by their authors.
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HRKatha
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414
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Pentagon to cut 60,000 civilian jobs through voluntary reduction
- The US Defense Department is letting go around 60,000 civilian employees through voluntary workforce reduction.
- Around 21,000 employees have already opted for voluntary retirement.
- The Pentagon aims to reduce the defense workforce by 5-8% and will not replace the employees who leave, resulting in a monthly reduction of approximately 6,000 roles.
- The reductions in defense jobs are part of the administration's efforts to shrink the federal workforce and will not impact national security.
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Heinzmarketing
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The 4-Step Blueprint for a Scalable Content Production Process
- Without a structured content production process, teams can face bottlenecks and inconsistent quality in their content marketing efforts.
- A well-documented process provides clarity, streamlines workflows, and ensures content aligns with the broader strategy.
- Key steps in content production include defining roles, creating a workflow, standardizing creation processes, and optimizing distribution.
- Roles like content strategist, writer, editor, designer, SEO specialist, and project manager should be clearly defined in the workflow.
- Standardizing content creation through briefs and templates ensures consistency and reduces revision time.
- Setting deadlines for reviews, limiting reviewers, and optimizing content distribution are essential for efficient production.
- Strategically timing content publication and cross-promoting across various channels can enhance visibility and engagement.
- A structured process ensures scalable content production that can adapt and grow with the team over time.
- Documenting workflows and implementing clear processes are crucial for long-term success in content creation.
- By following a blueprint like the one outlined, teams can create high-quality content consistently and effectively.
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HRKatha
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393
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Unified Pension Scheme to be available to CG staff only
- The Unified Pension Scheme or UPS will be managed by the Pension Fund Regulatory and Development Authority (PFRDA).
- Only Central government employees can avail of the UPS under the National Pension System.
- The new scheme is a mix of the Old Pension Scheme (OPS) and the National Pension System (NPS).
- The decision to opt for UPS cannot be changed or withdrawn later.
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HRKatha
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55
Image Credit: HRKatha
Hyderabad to be home to McDonald’s global office in India
- McDonald’s will set up its global office in Hyderabad, India.
- The move will contribute to the growth of the agricultural economy by sourcing products from local farmers and provide employment opportunities.
- Hyderabad was chosen for its infrastructure, talent pool, and standard of living over other cities like Bengaluru.
- The initial office will have 2,000 employees and McDonald’s plans to add at least three outlets every year in Telangana.
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HRKatha
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6,000 jobs to be cut at Siemens amidst poor demand, cost-cutting efforts
- Siemens is preparing to trim its global workforce by about 6,000 employees. About 50 per cent of the cuts will happen in Germany as the company tries to cut costs amidst slowing demand and market conditions.
- About 5,600 jobs roles will be axed in total in the Digital Industries unit by the end of fiscal 2027, of which 2,600 jobs will be axed in Germany itself.
- Siemens’ charging business will cut about 450 jobs in 2025 itself, with 250 jobs being cut in the company’s domestic market.
- Siemens employs about 3.12 lakh people, globally, and layoffs had been hinted at in November of 2024.
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HRKatha
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Indian humanoid robotics firm to generate 150 jobs in 2 years
- Indian humanoid robotics startup, iHub Robotics, has raised Rs 4.3 crore in pre-seed funding.
- The company will establish a humanoid robotics-manufacturing facility in Kerala.
- Their aim is to make India a global leader in robotics and AI-driven automation.
- The facility will create at least 150 jobs over the next two years.
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HRKatha
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Opportunities for techies at Infosys; large-scale lateral hiring planned
- Infosys is planning a large-scale lateral hiring to fill vacant tech positions.
- The company is seeking experienced techies with skills in cloud computing, automation testing, cyber security, Java Python, dotnet, and Android/IoS development.
- The hiring is based on ongoing project requirements and upcoming projects, although the exact number of hires is not disclosed.
- Interested candidates have been asked to provide their city preferences and interview locations.
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HRKatha
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Is IBM trimming workforce again?
- IBM is reportedly laying off thousands of employees across the US, affecting about a fourth of its Cloud Classic (IaaS) team.
- Consulting, cloud infrastructure, sales, and CSR teams may also be impacted. While no official numbers are available, reports suggest IBM is shifting work to India.
- Earlier in 2024, IBM quietly cut senior-level roles in sales, programming, and support, with employees bound by NDAs.
- In Q1 2023, IBM spent $300M on workforce rebalancing and expected $400M for 2024. In August, IBM shut down R&D labs in China, impacting at least 1,000 jobs.
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HRKatha
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154
Image Credit: HRKatha
Why OKR is a smarter alternative to Musk’s task reporting
- Elon Musk's recent endorsement of task reporting is critiqued as an outdated and counterproductive management tool that reduces employees to mere validations of their worth.
- Task reporting clashes with the values of Gen Z workers in India, who prioritize autonomy, creativity, and purpose in their work.
- It creates a culture of distrust and fails to capture the real value of knowledge work, hindering creativity and innovation.
- OKRs (Objectives and Key Results) emerge as a smarter alternative to task reporting, focusing on outcomes, accountability, and ownership.
- OKRs offer flexibility, inspire innovation, and align personal growth with organizational goals, appealing to the autonomy-seeking Gen Z employees.
- They promote a culture of trust and collaboration, emphasizing outcomes, innovation, and collective success over micromanagement.
- In Indian workplaces, OKRs streamline managerial processes, enabling more time for strategic leadership, mentoring, and driving innovation.
- By fostering unity and purpose, OKRs align with the Indian ethos of collective problem-solving and teamwork in knowledge-driven industries.
- Embracing OKRs over task reporting ensures a more innovative, engaged, and competitive workforce in India and globally.
- The future lies in empowering employees to create meaningful impact, prioritizing trust, creativity, and empowerment, and rejecting control-based management practices like task reporting.
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HRKatha
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215
Image Credit: HRKatha
People analytics platform raises €2.3M in pre-seed funding
- peopleIX, an advanced people analytics platform, has raised €2.3 million in pre-seed funding.
- The funding will be used to build a central intelligence layer for workforce data and integrate data across HR systems into a single platform.
- This platform aims to empower HR teams with real-time insights and predictive analytics for timely decision-making and strategic business enablers.
- The funding will also help peopleIX expand its offerings and strengthen its presence in Europe.
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