Join the most important conversation in crypto and web3! Secure your seat today U.S. banking giant JPMorgan (JPM) is ending its banking relationship with Gemini, the cryptocurrency exchange owned by C...
Tag: Cutting
Gemini issues statement on JPMorgan cutting ties with crypto exchange
Gemini claimed all is well between the crypto exchange and the banking giant The report comes in days after US federal regulators issued a warning to banks Gemini – a leading American-based crypto exc...
Signature can ‘thread the needle’ on cutting crypto as Silvergate collapses: JPMorgan
As crypto-exposed bank Silvergate Capital (SI) faces financial and regulatory concerns that have raised questions about its long-term viability, analysts at JPMorgan maintained optimism about shares o...
Cutting Off Access To USD For Crypto Firms Is Deliberate, Matrixport
Last week, news quickly circulated that Silvergate Bank, a crypto-friendly bank, was in hot water and had to stop offering USD services to its around 1,600 crypto customers. This obviously had a signi...
Creating A Future Of Trust By Cutting Out The Middleman
The way we handle data is broken There’s an elephant in the room. It’s data intermediaries. These intermediaries, or middlemen, are the mediator between those who make their data available (you), and ...
General Motors is cutting hundreds of executive-level jobs in its push to ‘focus on our own efficiency’
Streamlining operations and refocusing on efficiency is an overarching tech theme of 2023, epitomized by Meta CEO Mark Zuckerberg last month when he declared this would be the company’s “year of effic...
GM to Axe Hundreds of Jobs. But It’s Not About Cutting Costs.
General Motors is cutting salaried and executive staff positions, after saying earlier this year that it didn’t plan layoffs. GM (ticker: GM) representatives on Tuesday said the cuts affected a small ...
GM Reportedly Cutting Hundreds Of Employees
General Motors is letting go of hundreds of salaried employees in a cost-cutting plan intended to save $2 billion over the next two years, multiple outlets reported Tuesday—making it the latest U.S. c...
Twitter, Cerebral And Palantir Cutting Staff
Twitter CEO Elon Musk has reportedly begun laying off 200 of the social media giant’s remaining 2,000 employees in yet another round of job cuts, while software company Palantir slashes 2% of its staf...
Telept Launches Telept City, A Revolutionary NFT Platform With Cutting Edge AI Generated Content (AIGC)
Advertisement     Telept Inc, a Web 3.0 startup, is elated to announce the launch of a groundbreaking Web PC platform Telept City created to empower participants to cr...
Cord Cutting Has Crushed MLB, NBA And NFL Regional Sports Networks
Cord Cutting Is The Demise Of The RSN Business Model eMarketer/Insider Intelligence When Randy Freer joined FoxFOXA in 1998 as the President of Fox Sports Net, he oversaw the company’s portfolio...
2023 Layoff Tracker: Ericsson Cutting 8,500 Employees
Ericsson, the telecommunications equipment giant, is planning to cut 8,500 employees as part of a major cost reduction effort, the company confirmed to Forbes Friday morning, making it the latest majo...
Are Republicans Serious About Cutting Pentagon Spending?
The negotiations over the election of Rep. Kevin McCarthy as Speaker of the House prompted howls of protest from the Washington establishment for one major reason – the fear that the budget freeze McC...
Cutting Costs and Joining Forces, Bitcoin Miners Hoping for Rebound
After a rocky 2022, bitcoin miners could be in for a lucrative year, at least if past market cycle patterns repeat. The largest cryptocurrency posted a 64% loss last year, coupled with skyrocket...
Dogecoin sharks and whales need to read this before cutting any losses
Investors’ sentiment towards Dogecoin was at an extremely low level. DOGE circulation was also down but there are chances for a bullish turnover. A large part of crypto projects gained investors’ atte...
More And More People Are Cutting Their Streaming TV Services
Weekly users were down for nearly all streaming platforms in fourth quarter, according to a survey. Getty Images With fears of a recession looming larger every day, and inflation raging for months, it...
Curaleaf cutting 10% of staff as it exits three U.S. states
This story has been updated to provide correct figures for the number of states Curaleaf operates in; also the number of total employees at the company. Curaleaf said Thursday it has reduced its staff...
Crypto Exchange Gemini Cutting Another 10% of Staff: Report
“It was our hope to avoid further reductions after this summer, however, persistent negative macroeconomic conditions and unprecedented fraud perpetuated by bad actors in our industry have left us wit...
Amazon Has Tough Choices – Closing Charity Programs, Cutting Staff, And Facing CEO Pay Pressure
Andy Jassy, chief executive officer of Amazon.Com Inc., Photographer: David Ryder/Bloomberg © 2021 Bloomberg Finance LP Amazon’s board may follow the example of many other tech companies moving to cut...
Households earning $100,000 or more are cutting spending more aggressively. What’s going on?
We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to [email protected]. Ple...
Capital One Cutting 1,100 Employees As 2023 Layoffs Continue
Topline Banking giant Capital One has laid off roughly 1,100 employees, Bloomberg reported on Thursday, just days after software giant Microsoft announced plans to cut 10,000 employees and Amazon bega...
Netflix is hiring a flight attendant for as much as $385,000 a year after cutting hundreds of jobs just 7 months ago
Despite cutting hundreds of jobs just last year, Netflix is looking to hire a flight attendant to work on the company’s private jet with a potential annual salary of over a quarter of a million dollar...
Arizona suburb sues Scottsdale for cutting off its water supply
A saguaro-cactus lined road where new homes are being built in in Rio Verde Foothills, Arizona, on January 7, 2023. The Washington Post | Getty Images An Arizona suburb has filed a lawsuit against the...
DirecTV lays off hundreds of managers as cord cutting accelerates
A DirecTV technician at an apartment building in Lynwood, Calif. Patrick T. Fallon | Bloomberg | Getty Images DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the comp...
Former FTX Executive and Housemate of Sam Bankman-Fried Cutting Immunity Deal With Feds: Report
A former senior executive at bankrupt crypto exchange FTX has met US federal prosecutors with a view of cutting an immunity deal. According to a new Bloomberg report, Nishad Singh, a former director o...
Amazon Cutting Over 18,000 Jobs As Major Layoffs Continue Into 2023
Amazon is planning to lay off more than 18,000 employees, adding to a massive round of job cuts first announced last year, the tech giant said Wednesday, after more than 100,000 employees of large U.S...
Salesforce Cutting Nearly 8,000 Jobs As Major Layoffs Continue Into 2023
San Francisco tech giant Salesforce announced plans on Wednesday to cut 10% of its staff, making it the first U.S. company this year to conduct a major round of layoffs, after more than 125,000 employ...
Adidas scrambling to sell $530 million in Yeezys after cutting ties with Ye, report says
Nearly two months after terminating its relationship with Kanye West, sportswear giant Adidas is trying to figure out how to sell $530 million worth of Yeezys, according to a report from the Financial...
Micron Sees Late ’23 Memory Rebound. But It’s Cutting Staff And Trimming CapEx.
Micron Technology posted soft results for its fiscal first quarter ended Dec. 1, but the chip maker projected a sharp improvement in conditions for the memory market in the second half of the company’...
Netflix Is Cutting ‘The Umbrella Academy’ Season 4 Down To Just 6 Episodes
The Umbrella Academy Netflix While The Umbrella Academy, once a top-performer for Netflix, has managed to last all the way to season 4, its coming with a bit of a price for its final season. It’s been...
Goldman Sachs Cutting Hundreds More Jobs, Report Says
Investment firm Goldman Sachs is now the latest U.S. company to plan for a large round of layoffs, Bloomberg reported Monday—as employers fear high inflation could slide the economy into recession. De...