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Malaysia’s first unicorn Carsome confirms layoffs after expanding its ecosystem

October 6, 2022
Carsome, Malaysia’s first tech unicorn, has been making the rounds in the last 24 hours over the possibility of a workforce reduction across all its operations in the region. The Southeast Asia’s largest integrated car e-commerce platform eventually confirmed the rumors and indicated that they are indeed going through a “optimization of workforce”, while its executive team forgoes their salaries for the remainder of 2022.
CDPI Emerging Markets

IT Spending Will Increase But Marketing is Low Priority: Spiceworks Ziff Davis Survey

October 5, 2022
In somewhat cheerier news, Spiceworks Ziff Davis reports that most companies (51%) plan to increase IT spending next year, even those even more (83%) are worried about a recession.  Unfortunately for many marketers, the focus of spending will be infrastructure improvements not marketing.  If you want a clearer sense of IT priorities: personalized advertising ranks second-to-last on a list of ten ways organizations plan to use artificial intelligence.
CDPI Newsletter

Optus’ recent data hack prompts Australian government to move on “urgent” privacy reforms

October 4, 2022
Australia’s Attorney-General has said the government will make “urgent reforms” to the country’s Privacy Act following the Optus breach, where the company was blamed for lax security, resulting in the theft of nearly 10 million customer records. Resulting fines for that could reach as high as 2 million Australian dollars ($1.3 million). Certainly, it has put increased pressure on the government, which has been in process reviewing its privacy laws for several years, and now stated it may move on this within the next month.
CDPI Privacy Newsletter