Snap, the tech company behind the popular social media platform Snapchat, is planning to lay off roughly 1,280 employees this week according to The Verge, making it the latest company to announce layo...
Tag: Cuts
Warren Buffett Cuts Stake in China’s BYD, Spurring Bets More May Come
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. trimmed its stake in BYD Co., just over a month after speculation the legendary US investor was preparing to shed his entire position in th...
Singapore Considers Enhancing Crypto Consumer Protection via Suitability Tests & Leverage Cuts
The Monetary Authority of Singapore (MAS) is weighing the option of propelling ways of protecting consumers trading cryptocurrencies through new measures like suitability tests. Speaking at an event o...
Fears Return As Fed Warns Americans Of ‘Some Pain’ As Economy Braces For More Job Cuts
Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank wo...
Cosmos (ATOM) Cuts Through Key Resistance – Targeting $15
As coin demand increased, the Cosmos (ATOM) Coin maintained its previous-day upward rally and was still flashing green above the $12.00 level. At the same time, the Cosmos token reached a high of $12,...
DataRobot, U.S. Express Announce Layoffs. Here Are The Major U.S. Job Cuts Amid Growing Recession Fears.
AI startup DataRobot and trucking company U.S. Xpress are the latest companies to announce layoffs Thursday, totaling hundreds of workers, as U.S. companies fear a possible recession. Aug. 25, 2022Art...
Dollar Tree shares fall after company cuts guidance, invests in competitive pricing
Dollar General and Dollar Tree stores Getty Images Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its push to offer more competitive prices at its...
Chingari Launches Creator Cuts Video NFT Marketplace
Image source: Creator Cuts by Chingari The Chingari video sharing app is building on its budding in-app crypto economy with the launch of a novel video NFT (v NFT) marketplace where creators will be a...
Chingari Launches Creator Cuts, the World’s First Ever Video NFT Marketplace – crypto.news
Chingari, the world’s fastest-growing on-chain social app, just announced the launch of Creator Cuts. Creator Cuts is the world’s first dedicated video NFT (v NFT) marketplace, whereby Marquee videos ...
Chingari (GARI) App Launches First-Ever NFT Video Marketplace, Creator Cuts
Vladislav Sopov Chingari (GARI) App now allows users to turn videos into non-fungible tokens (NFTs) to generate yield Contents Creator Cuts video NFT marketplace launched by Chingari (GARI) Novel reve...
Oil Volatile on ‘Iran Fear’; Saudis Threaten OPEC Cuts to Seize Back Control
By Barani Krishnan Investing.com — Fear that Iran might win back its stalled nuclear deal from global powers to pave its re-entry into the export market for oil sent crude prices near six-month lows o...
Crypto.com moves forward with multimillion-dollar renovation of Staples Center following staff cuts
Despite announcing it would cut its staff by roughly 5% in June and the recent market downturn, cryptocurrency exchange Crypto.com has continued to move forward with an agreement to rebrand the Los An...
Australian Crypto Exchange Cuts 21% of Staff
Aussie cryptocurrency exchange Swyftx has announced that it is laying off 21% of its workforce amid the bear market. Low prices of cryptocurrencies have lowered crypto service platforms’ income, and a...
Terra Exposure Revealed, Hodlnaut Cuts Staff
Hodlnaut distributed a report on its recuperation endeavors and its legal administration process today A spilled part of continuing records uncover that the organization had essentially circuitous ope...
Hodlnaut facing police proceedings, cuts 80% of staff
Holdnaut, the embattled crypto lender, faces police proceedings and revealed that it laid off most of its staff. The Singapore-based crypto firm said there are “pending proceedings” between itself an...
Amid Bearish Phase of Crypto, Swyftx Cuts its Staff by 21%
Australian crypto exchange, Swyftx recently stated about its 21% of staff lay-off. Swyftx reasoned that the cuts of its staff is inflation, recession, and bearish market trend. Swyftx is an Australian...
Hodlnaut cuts 80% of staff, applies for Singapore judicial management
Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances. Hodlnaut, which offers interest-bearing ...
Aussie exchange Swyftx cuts staff by 21% amid bear market
Australian crypto exchange Swyftx has had to lay off 21% of its staff to lower costs as it wades through the current bear market. According to a Wednesday note from co-CEOs Alex Harper and Ryan Parson...
Australian Crypto Exchange Swyftx Cuts Its Workforce By 21% Amid Bear Market
The low prices of cryptocurrencies have lowered crypto services platforms’ income. As a result, it forced many crypto exchanges to lay off their staff to fight the challenging global economic conditio...
Hodlnaut Cuts Staff as Terra Exposure Is Revealed
Key Takeaways Hodlnaut published an update on its recovery efforts and its judicial management process today. A leaked portion of proceeding documents reveal that the company had at least indirect exp...
Hodlnaut Announces Police Enquiry, Cuts 80% of Staff
Troubled crypto lender Hodlnaut today announced that it is subject to a police inquiry, and has had to cut 80% of its workforce. The Singapore-based crypto firm updated its community after it filed fo...
Crypto Lender Hodlnaut Cuts Staff Amid Police Investigation
Hodlnaut has laid off 40 employees to lower expenses Losses suffered by the firm’s Hong Kong subsidiary during the TerraUSD crash hurt its business Singapore-based cryptocurrency lender Hodlnaut is la...
Hodlnaut a Singapore-Based Crypto Lender Fronts Police Actions And Unexpected Job Cuts
The interest-paying crypto swap shop is gripped in Legal proceedings with Singapore authority. Hodlnaut has fired a massive number of employees from their firm. Hodlnaut, a Singapore-based crypt...
Singapore-based crypto lender Hodlnaut cuts 80% jobs
Hodlnaut, a troubled Singapore-based crypto lender, says it has released 80% of its workforce as it looks to execute a recovery plan after its financial health took a major hit. In a blog post Friday,...
Hodlnaut Confirms Interactions With Singapore Police, Job Cuts, Interest Rates Halts
In the wake of a statement by Hodlnaut confirming its request for judicial management on the 16th of August, the distressed platform has updated its original announcement providing more context on the...
Ray Dalio’s Bridgewater cuts European short bet to under $1 billion
Bridgewater Associates, one of the biggest hedge funds in the world, has seemingly walked away from its big short bet against Europe. The short position the fund held initially was slashed down to $84...
Opinion: Ford’s job cuts are just the beginning of another EV earthquake
Electric vehicles, or EVs, promise a green automotive revolution, but this will not come without uncomfortable transitions in the labor force. Those trade-offs are coming starkly into focus, raising q...