Chinese Tech Giants Tencent and Bytedance Plan Cuts in Their Metaverse Divisions – Metaverse Bitcoin News

According to reports, Tencent and Bytedance, two Chinese tech giants, are planning to execute a significant number of job cuts in their metaverse divisions. Tencent recognized it is making some staff ...

PepsiCo to lay off ‘hundreds’ in snack and beverage divisions: WSJ

PepsiCo Inc. PEP, -1.38% is laying off “hundreds” of workers at the headquarters of its North American snacks and beverages divisions, The Wall Street Journal reported Monday, citing peopl...

Boeing reorganizes aerospace and defense business, consolidates it in fewer divisions

Boeing Co. BA, +0.81% said Thursday it was reorganizing its aerospace and defense unit, going to four divisions from eight, to “accelerate operational discipline, program quality, safety and per...

Meta’s Metaverse division’s revenue for Q3 below analysts’ expectations; losses expected to grow in 2023

Meta reported its first ever revenue drop in the second quarter of this year. Losses were higher than the previous quarter. Zuckerberg is optimistic about Meta and metaverse. Below par performance in ...

‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages

The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...

US Dollar Dominance and Global Divisions Will Benefit Crypto, Says Binance CEO Changpeng Zhao – Here’s Why

The CEO of a global digital asset exchange says the relevance and adoption of cryptocurrencies will swell as geopolitical tensions rise and the US dollar hegemony grows. In a new video with Circle chi...