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Ikea is redesigning its ultra-popular Billy Bookcase to reduce its material footprint.
“Launched in 1979, IKEA’s budget-friendly Billy Bookcase is one of the most popular pieces of furniture in the world. Having sold over 160 million units over the past 43 years, you’ve seen it everywhere from college dorms to pricey homes. Now, as part of its plan to become a circular company by 2030, Ikea announced a significant redesign to its iconic bookshelf—to make it a more repairable product with a smaller material footprint. It uses fewer plastic parts in the interest of sustainability—but also less real wood, too.” [H/T Fast Company]
Yvonne Force Villareal opens an artist residency in Marfa—a rarity for the Texas town.
“Brite Force, a new invitation-only artist residency, has opened in Marfa, one of the art world’s most coveted destinations. Curator Yvonne Force Villareal established the program in the ancestral adobe home of her artist husband Leo Villareal, whose family was among the Texan city’s founders over 100 years ago. The residency debuted with a splash earlier this month during the Marfa Invitational Art Fair with a series of new works by inaugural artist-in-residence Will Cotton, a longtime friend of the couple.” [H/T Artnet News]
Checkout payment startup Bolt follows Klarna’s lead, laying off a third of its workforce.
“Embattled checkout payment startup Bolt became the latest tech startup to lay off employees in an increasingly brutal market. CEO Maju Kuruvilla broke the news in a note to employees, writing that the company is “reducing the size of our workforce and parting ways with some incredibly talented people on our team as of today.” Kuruvilla said that about one-third of the company is being laid off, a Bolt source told The Post. That figure includes roughly 130 US and Canada staffers who were axed Wednesday, plus more than 100 European employees whose jobs will be eliminated in the coming days, the source said.” [H/T New York Post]