| Getty Images Key Takeaways Intel is expected to announce targeted layoff of thousands of its employees in November. In response to layoff rumors, the company’s stock price has risen. Historically, c...
Tag: Cutting
Bitcoin Miner Stronghold Digital Bolsters Balance Sheet by Cutting Costs, Slashing Debt by More Than 60%
The end of Stronghold’s deal with Northern Data will eliminate all profit sharing obligations, which it estimates would have been $10 million-$25 million (depending on the price of bitcoin) unti...
Daily ETH issuance drops 97% post-Merge, significantly cutting emissions
After its recent massive upgrade, which moved Ethereum (ETH) away from the Proof-of-Work (PoW) and into the Proof-of-Stake (PoS) validation protocol, validating transactions through staking, the netwo...
Stablecoins’ Role in Cutting International Payment Costs Probed by Payments Watchdog
The Committee on Payment and Market Infrastructures, an international body that sets norms for the sector, has said it wants to probe the case for cryptos that seek to maintain value against fiat furt...
Over 50% of CEOs say they’re considering cutting jobs over the next 6 months — and remote workers may be the first go to
Alarm sirens from the C-Suite about a looming recession are gaining volume in America and elsewhere, but calls back to the office for full-time work are a lot softer. Most CEOs across the globe shared...
Ethereum’s metrics to consider before cutting losses this bear season
Ethereum [ETH], thanks to the Merge, has been in the public eye for the longest time. And, despite all the social talk around ETH, the king of altcoins failed to garner enough traction on the price ch...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Ethereum Whales Still Hold a Lot of SHIB Despite Cutting Positions: Details
Gamza Khanzadaev ETH whales have reduced their SHIB holdings a lot, but the number is still impressive According to fresh data from WhaleStats, which tracks the portfolios of the top Ethereum holders,...
Kanye West’s Yeezy is cutting ties with Gap days after rapper says he’s leaving Corporate America—and opening up his own stores
After weeks of posts on social media revealing a strained relationship with Yeezy’s brand partners, Kanye West announced Thursday he would terminate a long-term contract with Gap Inc. The artist and e...
Goldman Sachs Is Preparing Layoffs. Tech Isn’t the Only Industry Cutting Jobs.
Text size Goldman Sachs is putting together a plan to lay off employees, according to reports. Jason Alden/Bloomberg Goldman Sachs is putting together a plan to lay off employees, according to media r...
Goldman Sachs is cutting free coffee as corporate America reels in pandemic perks with workers returning to the office
As Labor Day weekend came to a close and bankers at Goldman Sachs shuffled back to the office on Tuesday morning for the mandatory return to a five-day in-office workweek, they found the free coffee c...
Chainlink Traders Should Check These Factors Before Cutting Losses
Chainlink price has consistently been negative as seen in the past couple of hours. Chainlink outskirting other cryptocurrencies with higher market cap The crypto is registering weekly...
Ford Is Balancing Flip Side Of EV Revolution In Cutting 3K Workers
President Biden drives a Ford F-150 Lightning all-electric pickup truck.T AFP via Getty Images One reason the EV “revolution” has been halting so far is that there are decidedly negative slip sides to...
Bed Bath & Beyond stock tanks after cutting staff, closing stores, and floating share sale
Bed Bath & Beyond (BBBY) stock is getting smoked early Wednesday as investors get more clarity on the mess facing the struggling retailer. On Wednesday morning, in an SEC filing and a press releas...
Ethereum LTH, should you be cutting losses before Merge
Apart from a decline in its price in the past few days, leading alt Ether [ETH] also saw a decline in on-chain activity in the last week. According to a new report by IntoTheBlock, the general downtur...
Coinbase CEO says the exchange is cutting costs and reshaping its business model
Coinbase has been one of the exchanges badly affected by the 2022 bear market. The exchange has now announced it will cut costs and change its business model to reflect these changes. Coinbase plans t...
Coinbase CEO Says Exchange Is Cutting Costs, Focusing on Subscriptions
Badly battered by the crypto bear market, Coinbase is cutting costs and shifting its revenue model, says CEO Brian Armstrong. In Q2 of this year, Coinbase saw a 60% drop in revenue and reported a $1.1...
Crypto.com Gives New Traders Easier Access By Cutting Fees By 80%
Crypto.com has announced that it has lowered its fees and CRO staking rewards, making it more accessible for users. The firm provides an easier way for newcomers in the crypto sector to enter the mark...
Ford Confirms Layoffs, Says It Is Cutting About 3,000 Jobs
Updated Aug. 22, 2022 4:58 pm ET Listen to article (2 minutes) Ford Motor confirmed Monday it is laying off roughly 3,000 white-collar and contract employees, marking the latest in its efforts to slas...
People aren’t cutting back on tips even as inflation surges
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, talks to customers at an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | MediaNews G...
SoftBank To Gain $34 Billion By Cutting One-Third Of Alibaba Stake
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images Billionaire Masayoshi Son’s SoftBank Gro...
We’re Downgrading This Semiconductor Firm and Cutting Our Price Target
We are downgrading the shares of Nvidia (NVDA) to a Two rating from One, and dialing back our price target on the shares to $200 from $225. These moves reflect the company’s downside pre-announc...
Consumers are cutting back on restaurant spending, but CEOs say not all chains are affected
Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEO...
Thiel’s Palantir Boosts Hiring While Others Are Cutting Jobs
(Bloomberg) — Palantir Technologies Inc. is significantly accelerating its pace of hiring this year to help meet ambitious sales goals, defying convention when many other technology companies ar...
Li Ka-shing Is Cutting Ties With AMTD After Wild 14,000% Gain
(Bloomberg) — One of the world’s most successful investors is cutting ties with the parent of AMTD Digital Inc., whose 14,000% stock-market rally in a matter of weeks has raised eyebrows across ...
On The Cutting Edge Of Transformation
LAS VEGAS, NV – JANUARY 06: Qualcomm CEO Steve Mollenkopf speaks during a press event at the … [+] Mandalay Bay Convention Center for the 2014 International CES on January 6, 2014 in Las V...
Tron: Know this about TRX’s performance before cutting losses
In its weekly update on 23 July, the Tron network informed its users of the important ecosystem developments on the network between 16 July and 22 July. Tron, in its update, stated that according to d...
CEOs say they are raising prices, cutting costs as inflation dominates post-earnings conversations
NEW YORK, NEW YORK – MAY 02: Elon Musk attends the 2022 Costume Institute Benefit celebrating In America: An Anthology of Fashion at Metropolitan Museum of Art on May 02, 2022 in New York City. ...
Blockchain.com Cutting a Quarter of Its Staff: Report
Share this article The firm is reportedly closing down its Argentina offices and scrapping its plans to expand to other countries. Blockchain.com Cutting Workforce Blockchain.com is the latest crypt...
BlockFi Offering Employee Buyouts Just One Month After Cutting Staff by 20%
Cryptocurrency lender BlockFi, which just weeks ago finalized a $400 million loan and potential acquisition terms with crypto exchange FTX, is offering employees buyouts as a way to quietly reduce hea...
How To Slash The Time And Money Needed To Build Warships—Without Cutting Capabilities
The federal fiscal year beginning October 1 marks an unfortunate anniversary for the U.S. Navy. It will be the 20th consecutive year that the number of warships in the U.S. fleet is fewer than 300. Vi...