It has been a brutal year for employees at tech companies. So far this year, more than 126,000 workers at 465 tech-focused firms have been laid off, according to Layoffs.fiy. And thousands more could ...
Tag: slash
Polygon Labs Becomes Latest Company to Slash Workforce With 100 Job Cuts
Polygon Labs announced that it will reduce its team by 20% while stating that the company maintains a robust treasury. Meanwhile, the job cut comes shortly after the firm outlined plans at the end of ...
Five Powerhouse Climate Policies Can Rapidly Slash Emissions And Strengthen The Economy In Any State
Minnesota just passed a 100% clean electricity bill with one of the country’s fastest timelines to make the switch—by 2040. With its rich wind resources, a surprising amount of solar, and a strong cle...
Rishi Sunak’s old hedge fund boss, who paid himself $1.9 million a day last year, wants Alphabet to lay off more staff and slash pay
Britain’s highest-earning investor has called on Alphabet CEO Sundar Pichai to cut thousands more jobs than the tech giant announced it would eliminate last week. On Friday, Pichai announced the “diff...
Fidelity International-backed OSL latest crypto outfit to slash workforce: Bloomberg
Fidelity International-backed OSL, a digital-assets platform, is the latest crypto firm to cut jobs, Bloomberg News reported. The Hong Kong-based company is cutting costs by about 30%, including...
Crypto.com to slash workforce by 20%
Crypto exchange platform Crypto.com has moved to lay off about 20% of its global workforce. Crypto.com CEO Kris Marszalek said in a Jan. 13 post that the exchange made the difficult decision to slash ...
Amazon to Slash More Than 18,000 Jobs in Escalation of Cuts
(Bloomberg) — Amazon.com Inc. is laying off more than 18,000 employees — a significantly bigger number than previously planned — in the latest sign that a technology slump is deepening. Most Rea...
Speculators Slash Bets Against the Yen as BOJ Leaves Carry Traders Gasping
(Bloomberg) — The yen looks to be losing its appeal as the currency of choice to fund so-called carry trades, with speculators cutting bearish bets on it to the lowest level in nearly four month...
Top Predictions for Q1 2023-Bitcoin(BTC) Price to Slash Down by 15% Soon
Bitcoin price is undergoing a significant change as the prices have held strong around the crucial support at around $17,200. This raising momentum has also induced strength within the other cryptos a...
Elon Musk’s Bankers Considering New Tesla-Backed Margin Loans to Slash Twitter Debt
Banks had to fund the whole debt package with their own cash due to a decline in the credit markets. According to people familiar with the matter, Elon Musk’s bankers are considering providing new mar...
Crypto Exchange Bybit To Slash 30% Of Its Headcount
A year ago, when prices were soaring and new all-time highs (ATHs) were often established, the entire crypto exchange and cryptocurrency market scene was vastly different. As a result of negative macr...
Elon Musk hits back at his critics just days after the ‘RIPTwitter’ trend, considers even more layoffs to slash costs. Bet on the billionaire with these other assets
‘Twitter is ALIVE’: Elon Musk hits back at his critics just days after the ‘RIPTwitter’ trend, considers even more layoffs to slash costs. Bet on the billionaire with these other assets Even as a priv...
Galaxy Digital to Slash 20% of Workforce Amid Crypto Winter
Bloomberg reported Tuesday that the blockchain-focused financial services company Galaxy Digital Holdings plans to reduce one-fifth (20%) of its workforce due to the intense market crisis. Galaxy Dig...
Analysts Slash Y-mAbs Therapeutics Price Targets As Uncertainty Looms Over Neuroblastoma Hopeful
On Friday, FDA’s Oncologic Drugs Advisory Committee (ODAC) voted 16 to 0 that Y-mAbs Therapeutics Inc (NASDAQ: YMAB) did not provide sufficient evidence to conclude that omburtamab improves over...
‘We’re seeing buyers backing out’: This dramatic chart reveals U-turn in the housing market as sellers slash home prices
Here’s a chart that speaks a thousand words about the state of the real-estate market right now. The chart above, part of a new report by real-estate brokerage Redfin RDFN, -7.03% on the property mark...
White House Report Recommends Banning Bitcoin Mining to Slash GHG Emissions
The White House Office of Science and Technology Policy (OSTP) has released a report examining the connection between distributed ledger technologies (DLT) and climate change. The office determined t...
Layer-Two Scaling Solution Polygon (MATIC) Says Ethereum (ETH) Merge Will Slash Its Carbon Footprint by 99.9%
Polygon (MATIC) anticipates the upcoming Ethereum (ETH) merge to a proof-of-stake consensus mechanism will have a dramatic impact on its own environmental footprint. In a new blog post, the Polygon te...
Home Builders Slash Prices As Buyers Cancel Contracts, Mortgage Rates Rise
Topline Home builder confidence plunged to a new two-year low in August as higher interest rates, lingering supply chain problems and record home prices continue to exacerbate housing affordability ch...
SoftBank Is Ready to Slash Its Massive Stake in Alibaba. Here’s Why.
Text size SoftBank’s Masayoshi Son was a major early investor in Alibaba. Koki Nagahama/Getty Images SoftBank is positioned to sharply sell down its stake in Chinese tech giant Alibaba through a...
Warner Bros. Discovery expected to slash jobs, restructure HBO Max as earnings loom
Warner Bros. Discovery (WBD) has a lot of questions to answer ahead of its earnings report on Thursday. The three-month-old streaming conglomerate, which is set to report its first quarterly earnings ...
EU Finally Strikes Deal To Slash Gas Demand As Russia Starts Squeezing Taps Closed
Topline With the colder months approaching, the EU reached a deal Tuesday for countries to slash gas demand by as much as 15% from August to March, as the bloc tries to wean itself off Russian gas sup...
Blockchain.com to Slash Workforce by a Quarter, Sources Claim
Crypto exchange Blockchain.com will cut its workforce by 25%, according to multiple sources. The cryptocurrency exchange had rapidly expanded during the bull market, taking on 450 staff in the last 16...
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...
S&P 500: Analysts Aggressively Slash Price Targets On 10 Stocks
Analysts are usually pretty bullish on most S&P 500 stocks. So now that they’re pulling back on some of them, it’s worth listening. X In just a month, Wall Street analysts cut their 12...
Wall Street Firms Slash S&P 500 Price Targets As ‘Concerned’ Analysts Warn Of Earnings Slowdown
Topline A handful of Wall Street’s biggest firms are slashing their S&P 500 forecasts for the year, predicting lower stock market returns thanks to a difficult quarterly earnings season ahead as c...
Another Market Crash Upcoming During Mid of July, Bitcoin(BTC) Price May Slash Below $15,000 Soon!
Bitcoin price since the past couple of days has gained huge bullish momentum as it flipped from the lows just below $20,000, the second consecutive time. On the contrary, the asset also witnessed extr...
Nvidia, Intel, Other Semiconductor Companies Slash Earnings Outlook Following Notable Macroeconomic Factors
Nvidia expects to sell significantly fewer semiconductor chips after the crypto winter and inflation reduced global demand. Nvidia Corporation (NASDAQ: NVDA) and several other semiconductor companies,...
Centralized Crypto Lenders Slash Rates As Markets Slump
There has been a significant drop in the yield rates offered by crypto yield platforms. Circle, the issuer of stablecoin USDC, used to offer rates of 6-8 % APY, ranging from 1-12 months. However, they...