Tonal in-home fitness. Source: Tonal Tonal, the connected fitness equipment maker that counts tennis superstar Serena Williams and Amazon‘s Alexa fund as backers, is cutting 35% of its workforce...
Tag: Cuts
Nvidia Stock-Price Cuts Pile Up as Street Worries Over Gaming, Crypto Risks
Text size An Nvidia GeForce RTX 3060 Ti gaming graphics card. Courtesy of Nvidia Wall Street analysts are falling over themselves slashing their projections for Nvidia. In April, Barron’s cautioned in...
Microsoft Cuts Jobs in Structural Adjustment, Plans More Hiring
(Bloomberg) — Microsoft Corp. cut some jobs on Monday as it realigned business groups and roles after the close of its fiscal year on June 30. It said it plans to keep hiring for other roles and...
Mortgage Giant Cuts Thousands Of Jobs—Warns Of ‘Accelerated’ Downturn As Housing Market Abruptly Collapses
Topline Mortgage originator loanDepot on Tuesday unveiled a plan to cut thousands of jobs and reduce costs “significantly” as higher interest rates sink mortgage demand—becoming the latest...
Compass Mining cuts staff by 15%, reduces salaries for senior employees
Bitcoin mining company Compass Mining is letting go of 15% of its team. The miner is also cutting salaries and spending, according to a statement on Thursday. Pay cuts to senior employees and the exec...
Compass Mining Cuts Staff by 15% After Departure of Two Key Executives
US-based Bitcoin mining hosting service Compass Mining has become the latest company to reduce its workforce to survive and operate amid the ongoing cryptocurrency market downturn. In a letter to empl...
Bitcoin Mining Company Compass Cuts Staff by 15%
Compass Mining announced today that it would reduce staff by 15% and reduce compensation for executives by up to 50%. “Today, we have made the difficult decision to reduce the size of the Compas...
Compass Mining Cuts 15% of Staff, Lowers Executive Compensation
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Traders Looking to Get Ahead of Fed Again Now Foresee Rate Cuts
(Bloomberg) — Signs of a rapidly deteriorating US economic outlook have spurred bond traders to pencil in a complete policy turnaround by the Federal Reserve in the coming year, with interest-ra...
CoinLoan cuts down on its daily withdrawal cap by 99%
Cryptocurrency lending firm CoinLoan has declared it will reduce its $5,000 daily withdrawal cap from $500,000. The new $5,000 daily withdrawal cap for consumers is a 99% reduction from its prior cap....
Tether Cuts Down Its Commercial Paper Reserves By 58% – crypto.news
The Stablecoin issuer has confirmed the reduction of its commercial paper reserves, addressing the speculations of lack of support for its USDT token. Tether Seeks to Tackle Quality With Reduction of ...
Celsius cuts 25% of its staff as the crypto winter snowballs
Celsius, a struggling crypto firm, has fired 150 workers. According to the latest reports, this represents a quarter of its staff. According to CalCalistech.com’s report, those dismissed include peopl...
Analyst cuts Tesla Q2 delivery expectations
Tesla (NASDAQ: TSLA) can’t seem to catch a break with yet more negative news for the company. This time it comes in the form of another cut from analysts. Namely, On Tuesday, June 28, Itay Michaeli, C...
China cuts quarantine for overseas travelers, easing Covid controls
For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers ...
Semiconductor Stocks Brace For Guidance Cuts With Q2 Reports
When chip companies report June-quarter earnings starting next month, many Wall Street analysts expect them to offer a lower outlook than previously expected for the rest of the year. Semiconductor st...
Hottest US Housing Markets Now Have Bigger Share of Price Cuts
(Bloomberg) — US cities that saw some of the biggest jumps in home prices during the pandemic now have the largest shares of price cuts, according to data compiled by Zillow Group Inc. Most Read...
Citigroup cuts S&P 500 target to reflect blend of recession, ‘soft landing’ scenarios
Citigroup analysts have cut their S&P 500 target for this year by 500 points to 4,200, after stubbornly high inflation spurred the Federal Reserve to aggressively raise interest rates. “Fed hawkis...
Russian Gas Cuts Threaten World’s Largest Chemicals Hub
LUDWIGSHAFEN, Germany—For years, BASF SE one of the world’s largest chemicals companies, built its business model around cheap and plentiful Russian natural gas, which it uses to generate power and as...
Australian Crypto Gateway Solution Cuts Workforce by 40%
Alex Dovbnya The company’s headcount will be reduced by roughly 150 employees Cryptocurrency payment gateway Banxa has decided to reduce its workforce by more than 40%, The Australian Financial Review...
Austrian Exchange Bitpanda Cuts Third of Workforce
Austrian exchange Bitpanda cuts almost a third of its workforce as it battens down the hatches for an unpredictable crypto winter. The company, which boasts investments from Alan Howard and Peter Thie...
Peter Thiel-Backed Bitcoin Trading Platform Bitpanda Cuts Staff
As crypto winter sets in, Web3 companies are finding themselves in the difficult position of cutting staff. During a company call earlier today, Vienna, Austria-based Bitpanda announced that it would ...
Jim Cramer Says Earnings Estimate Cuts Will Form an Investable Bottom; Here Are 3 ‘Strong Buy’ Stocks That Are Already Down 50%
As we move toward the end of Q2, it’s time to start thinking about earnings. Looking back at the quarter, analysts are predicting earnings growth of 8%, which may rise to 11% heading into next year. I...
Crypto Exchange Uphold Cuts Off Venezuela Due to ‘Complexity’ of US Sanctions
U.S. sanctions have forced cryptocurrency exchange Uphold to shut off Venezuela—officially this time. In an update to its website’s help center, the U.K.-based exchange noted that it was shutting down...
Germany warns of a ‘Lehman moment’ if Russia cuts off natural gas to Europe
Germany is one step closer to having to ration its gas usage as supply from Russia starts to dry up, and the country’s top economic affairs official is warning that it could lead to an even larger eco...
Voyager Digital Cuts Daily Withdrawal Limit to $10K Amid 3AC Exposure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Germany Warns of Lehman-Like Contagion From Russian Gas Cuts
(Bloomberg) — Germany warned that Russia’s moves to slash Europe’s natural gas supplies risked sparking a collapse in energy markets, drawing a parallel to the role of Lehman Brothers in trigger...
Coinbase and Robinhood shares drop as Binance.US cuts bitcoin trading fees
Coinbase and Robinhood Markets shares fell on Wednesday following the announcement that Binance.US will offer zero-fee trading in certain bitcoin pairs. Shares in crypto exchange Coinbase were down 5....
Toyota Stock Falls After It Cuts Production Again. Bad News for Car Prices.
Text size Toyota reduced its output forecast, citing parts shortages. Above, a dealership in Houston. Brandon Bell/Getty Images Toyota Motor updated its production plans, unveiling more cuts. Wednesda...