Hundreds of CNN employees were notified of layoffs Thursday as part of CEO Chris Licht’s efforts to transform the cable news network. CNN had about 4,400 employees. The layoffs affected hundreds...
Tag: Memo
Disney+ establishes ‘cost structure taskforce,’ enacts targeted hiring freeze: memo
Disney (DIS) is reining in its spending after the company reported weak fourth quarter earnings, which sent the stock plummeting to a new 52-week low as investors zeroed in on the media giant’s ...
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...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
Binance CEO internal memo: Binance CEO claims he did not “master plan” FTX’s extinction
Changpeng Zhao, the CEO of Binance, also recognized as “CZ,” tried to warn users that the company’s intention to procure FTX may attract scrutiny from global regulators — but the firm is ready. We pre...
Ripple Files Legal Memo Against SEC
The long running legal tussle between the US Securities and Exchange Commission (SEC) and Ripple is currently in the Summary Judgement Phase. This event has led more firms are trying to get involved i...
Ripple’s Legal Memo Faces Retaliation From SEC
The Ripple vs SEC lawsuit is nearing its 1st year anniversary. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple founders for offering illegal securities...
Credit Suisse Market Turmoil Deepens After CEO Memo Backfires
(Bloomberg) — Credit Suisse Group AG was plunged into fresh market turmoil after Chief Executive Officer Ulrich Koerner’s attempts to reassure employees and investors backfired, adding to uncertainty ...
SEC Chairman Is Working On A “Memo Of Understanding” To Unit All Financial Agencies In Supervising Crypto Industry
– Advertisement – SEC Chairman Gary Gensler is all for US financial agencies teaming up to watch the crypto market. For years, there have been concerns about companies operating in the c...
Disney sends memo to employees
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Disney sent an internal memo to employees Friday, assuring them it will help pay for pregnancy-related care if they have to tr...
Celsius Sends a Memo to Pause Swaps, Withdrawals, and Transfers
Celsius shared a memorandum with its users and community members on June 13. The announcement carried the team’s decision to put off all the operations like deposits, withdrawals, and transfers to for...
The Snap CEO’s memo caused another tech stock plunge—and the worst one-day loss in company history. Here’s why it freaked everyone out
Tech stocks had another terrible showing on Tuesday, but it wasn’t because of the release of new economic data or a bad earnings report. The dark day was largely the result of a single memo from Snap’...