India-based crypto exchange WazirX has laid off more than 50 people as it navigates a period of languishing volumes, the company told CoinDesk on Saturday. As per reporting from CoinDesk, the crypto e...
Tag: Cuts
WazirX Confirm 40% Staff Cuts Amid Market Downturn
Indian cryptocurrency exchange WazirX has confirmed that it has laid off 40% of its staff as the bear market continues to take its toll. Cryptocurrency exchange WazirX has announced that it has let go...
Telegram cuts subscription fee by more than half in India
Telegram has cut the monthly subscription fee for its premium tier by more than half in India, just months after introducing the offering as it attempts to aggressively cash in on a large user base in...
Cardano Vasil Upgrade Cuts Gas Fees by Nearly 50% and Transaction Space by 10x: ADA Decentralized Exchange
Cardano (ADA)‘s Vasil hard fork has had a dramatic impact on the network’s efficiency, according to a decentralized exchange (DEX). MuesliSwap, a DEX built for Cardano, says the upgrade has reduced tr...
Olympus Cuts Down on OHM Inflation to Maintain Sustainability
At a time, Olympus DAO was popularly known as the ultimate pace setter, where the DeFi 2.0 movement was concerned and deservedly was ruling the roost. Unfortunately, due to various unfavorable circums...
Cardano (ADA) Founder Reveals Vasil Cuts Cost In Half And Saves 10X More Space
– Advertisement – Cardano plutius scripts enhanced by Vasil for better performance. The recently-launched Vasil hard fork has already started living up to expectations just a week after th...
Pound Sinks Again As IMF And Moody’s Rebuke U.K. Tax Cuts
Topline London stocks and the British pound both fell Wednesday morning—after the International Monetary Fund (IMF) and credit ratings agency Moody’s rebuked the U.K. government over planned tax cuts ...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
Google has another ‘heated’ all-hands grilling the CEO over spending cuts. He replies workers ‘shouldn’t always equate fun with money’
Dissatisfied Google employees have put top executives on the hot seat a few times this year. Most recently, they interrogated CEO Sundar Pichai at an all-hands meeting this week about the company’s sp...
With Upcoming Contentious Meeting, This Analyst Cuts Price Target On Spectrum Pharma
TipRanks Morgan Stanley Says These 3 Reliable Dividend Stocks Should Be on Your Buy List (Especially Right Now) The major investment bank Morgan Stanley has been sounding alerts about the increasingly...
Germany Nationalizes Uniper in Aftermath of Russian Energy Supply Cuts
Reports state that Germany will buy out Fortum’s sizable stake in Uniper as the global energy crisis worsens. Germany has agreed to nationalize energy giant Uniper in a bid to prop up the industry ami...
Post-Merge Profit-Taking Cuts 13% Off Ethereum Ratio Against BTC
We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% up...
Goldman Sachs Reportedly Planning Round Of Cuts Amid Growing Recession Fears—Here Are The Major U.S. Layoffs This Summer
Goldman Sachs is planning a round of layoffs across the company that could take place as soon as next week, the New York Times reported Monday, the latest U.S. company to reassess its headcount this s...
Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is planning on cutting several hundred jobs thi...
Gas Prices May Spike Again This Winter As Europe Cuts Off Russian Oil, Yellen Says
Topline Gas prices could jump again this winter following a months-long decline in the United States, Treasury Secretary Janet Yellen warned Sunday, as the European Union plans to largely stop buying ...
Amber Group cuts staff by 10%: Bloomberg
Singapore-based digital asset company Amber Group recently reduced staff, citing bearish cryptocurrency market conditions. As headcount adjustments occur on a quarterly basis, this year approximately ...
Amber Group Cuts its Headcount by 10%: Bloomberg
Amber Group recently cut its staff by 10%, and reasoned the current market condition. But, the firm will increase the headcount in the roles that are highly prioritized. The Singapore-based leading cr...
Fertilizer Prices Spike Again As Russia Cuts Natural Gas Supply
Photo by IVAN PISARENKO/AFP via Getty Images AFP via Getty Images Fertilizer values remain highly volatile as markets digest ongoing disruptions to Russian natural gas entering Europe. According to th...
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts If you’ve been squeezed out of the tight housing market over the past couple of years waiting ...
Oil Has Been Falling, OPEC Cuts Could Drive Them Up Again
OPEC’s biggest producer, Saudi Arabia, recently suggested that the group may consider an output reduction. Asaad Niazi/AFP/Getty Images Text size Oil prices posted their biggest monthly loss of the ye...
Revolut Cuts Crypto Trading Fees By 20%
The crypto-powered financial app Revolut has announced that from October 3, 2022, it will slash its fees for trading cryptocurrencies by 20%. Revolut announced through an email to its customers that a...
Dividend Cuts Could Be Right Around The Corner For These 3 REITs
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate inv...
Credit Suisse, SoftBank Reportedly Planning Layoffs. Here Are The Major Job Cuts Amid Growing Recession Fears
Credit Suisse and SoftBank are reportedly cutting back on staff, the companies announced on Friday—becoming the latest multinational firms to announce layoffs this summer as employers fear an unstable...
Wells Fargo Cuts 75 Jobs In Home Mortgage Division. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears
Wells Fargo made its ninth round of job cuts in its home mortgage division this year as the housing market continues to cool substantially—the latest U.S. company to announce layoffs this summer as em...
What The AMD and Nvidia GPU Price Cuts Mean For…
Proof of work mining for blockchains such as Bitcoin and Ethereum have gone a long way, and while the Ethereum merge is on its way, the price of GPUs and ASIC mining equipment have slowed down from it...
Fed’s Mester sees benchmark rate above 4% and no cuts at least through 2023
Loretta Mester at Jackson Hole, Wyoming David A. Grogan | CNBC Cleveland Federal Reserve President Loretta Mester said Wednesday she sees interest rates rising considerably higher before the central b...
BYD Chief Suffers $2 Billion Wealth Drop After Warren Buffett’s Berkshire Hathaway Cuts Stake
Wang Chuanfu, cofounder and chairman of BYD, attends a news conference in Hong Kong, China, on March 28, 2018. Billy H.C. Kwok/Bloomberg Wang Chuanfu, the cofounder and chief executive of BYD, saw his...
‘Simply staggering.’ FedEx hit with downgrades, price target cuts as warning shocks Wall Street.
A profit warning from FedEx was ringing alarm bells for Wall Street and beyond on Friday, with shares of the economic bellwether slumping as analysts piled on downgrades and price target cuts. FedEx F...