As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its work...
Tag: Cuts
HP Cuts More Than 4,000 Jobs—Here Are The Biggest U.S. Layoffs This Year
Tech giant HP Inc. plans to cut at least 4,000 jobs by the end of 2025, the company said in its quarterly earnings report on Tuesday—tacking on to major job cuts at Amazon, steaming platform Roku and ...
The Clear Cut’s Newest Technology Disrupting The Diamond World
Olivia Landau, CEO and co-founder of Clear Cut. Clear Cut Since launching in 2018, The Clear Cut has experienced 136% YOY average volume growth with over one million dollars in diamond revenue per mon...
Iris Energy Defaults on $100 Million Loan, Cuts Mining Hardware
Australian Bitcoin miner Iris Energy is set to lose 3.6 Exahashes/second of mining power after defaulting on a $108 million loan. Iris Energy will not pay loans taken against the equipment operated by...
3 REITs That Should Survive Dividend Cuts In A Bad Recession
Although there’s been more positive inflation news lately, fears of a subsequent recession continue. Tech companies such as Meta Platforms Inc., Twitter Inc., Tesla Inc., Oracle Corp. and Microsoft Co...
Biden to End Trump’s Tax Cuts for The Wealthy
biden capital gains tax changes House Democrats have proposed legislation that could end Trump tax cuts for the wealthy and corporations. If passed, this could implement some of the biggest tax increa...
Oil Rout Intensifies As China Cuts Oil Purchases
The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December. Oilprice Alert: This week’s Global Energy Alert ...
Bitcoin lender and custodian Unchained Capital announces job cuts
Joe Kelly, CEO of Bitcoin financial services outfit Unchained Capital, said the company will reduce its staff by “roughly 15%” as part of efforts to manage the business during the current crypto bear ...
Wall Street Economists Split on Whether Fed Cuts Rates in 2023
(Bloomberg) — Wall Street’s biggest banks agree the Federal Reserve will hike US interest rates further into next year, but are at odds over how high it will take them and whether it will be cut...
3 myths about the Trump tax cuts
Donald Trump is running for president again, and voters are going to hear a lot about the 2017 tax cuts he signed into law. Trump, for one, will brag about the economic magic borne of tax cuts that su...
Saudi Arabia Cuts Oil Exports as Kingdom Implements OPEC+ Deal
(Bloomberg) — Most Read from Bloomberg Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets. Saudi shipments were do...
LUNC Price Analysis & Prediction (Nov 17th) – LUNC Sits at Long-Term Support After Months of Price Cuts
While most altcoins have shed losses in the past week, Luna Classic‘s price has recovered by 7% at the time of writing. Due to this increase, it has continued to hold support above a long-term level o...
Amazon Starts Massive Round Of Layoffs—Here Are The Biggest U.S. Job Cuts This Year
Amazon confirmed Wednesday it has started laying off an unspecified number of employees, as the country’s second biggest employer reportedly targets a massive job cut that could affect roughly 10,000 ...
Amazon Begins Mass Job Cuts
Amazon (AMZN) – Get Free Report, the e-commerce giant, began Tuesday to carry out massive job cuts to respond to the economic slowdown likely to turn into a recession in the coming months. The...
Activist investor pushes for cost cuts at Alphabet Inc
Alphabet Inc (NASDAQ: GOOGL) needs to get “aggressive” in cutting costs and maximising shareholder value, said TCI Fund Management on Tuesday in a letter to CEO Sundar Pichai. Alphabet should cut jobs...
Valkyrie Shrinks Staff to 16 People After Latest Cuts
Valkyrie Investments has laid off 30% of its staff in recent months and has closed a fund as the crypto ETF issuer tries to stay agile amid tough market conditions. The cuts amount to six people in t...
Crypto Layoffs Represent Just 4% of All Tech Staff Cuts in 2022
There has been a lot of news about crypto layoffs during this bear market. However, they represent a very small percentage of staff cuts in the wider tech sector. In a report released on Nov. 14, Coin...
Binance Benefited From France Users as Visa Cuts off FTX Partnership
Exchange News Binance bound with Paris for its Visa Card integration. Visa terminates its partnership with the insolvent FTX Exchange. The world’s largest centralized cryptocurrency exchange Binance, ...
Fintech Firm Plaid Cuts Off FTX From Users’ Bank Accounts Following Concerning Public Reports
Fintech company Plaid has cut off FTX’s access to its users’ bank accounts after troubling reports surfaced that the bankrupt crypto exchange was attempting to access them. In a recent announcement, P...
Digital Asset Giant Coinbase Reveals New Round of Job Cuts As Crypto Bear Market Intensifies: Report
US-based crypto exchange Coinbase is reportedly laying off another batch of employees as the crypto winter continues to affect the company’s revenue. According to a new report from Reuters, Coinbase r...
Bitcoin Miner Cathedra Slashes Payroll Costs by Two-Thirds With Job, Salary Cuts
The Canadian company, whose stock trades on the Calgary, Alberta-based TSX Venture Exchange, is one of many bitcoin miners struggling to break even as the dollar value of their rewards declines while ...
Crypto miner Cathedra Bitcoin (CBIT) cuts payroll by 60% as crypto winter bites
Canadian publicly listed Bitcoin (BTC) mining firm Cathedra Bitcoin (TSXV: CBIT) has announced a raft of measures it adopted to navigate the ongoing crypto bear market. The firm has since slashed its...
Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse
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...
Compass Soars 89% Over Two Days on Cost Cuts, Housing Hopes
(Bloomberg) — Compass Inc. has surged 89% over two days as the hard-hit home seller committed to managing costs, building on investors’ optimism that the Federal Reserve could slow the pace of r...
Disney Plans Job Cuts And Hiring Freeze; CEO Bob Chapek Anticipates ‘Tough And Uncomfortable Decisions’
Amidst economic uncertainty, Walt Disney Co (NYSE: DIS) is reportedly planning to freeze hiring and cut some jobs. In addition, the media conglomerate has reported its quarterly results with an operat...
Chipmaker GlobalFoundries to Start Job Cuts and Freeze Hiring
(Bloomberg) — GlobalFoundries Inc., the biggest US-based provider of made-to-order semiconductors, is beginning job cuts and has enacted a hiring freeze. Most Read from Bloomberg The company Fri...
Buterin breaks silence on FTX debacle, says ‘fraud cuts deeper’
Ethereum founder Vitalik Buterin made his first direct comments on FTX’s spectacular collapse late Friday, accusing former FTX CEO Sam Bankman-Fried of “virtue signaling.” Unli...
Disney plans hiring freeze, job cuts, memo says
Disney plans to institute a targeted hiring freeze as well as some job cuts, according to an internal memo sent to executives. “We are limiting headcount additions through a targeted hiring free...
Stocks Soar on US Inflation, China Quarantine Cuts: Markets Wrap
(Bloomberg) — Global stocks extended gains as China’s easing of quarantine rules added fuel to the rally that began on Wall Street after slower-than-projected US inflation data. Most Read from B...