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Tag: lay-offs

Sell the news, Happy Bears, and RPGF going brrr

Story OneSell the newsNow that 11 ETFs are approved, issuers have started engaging in a fee war, slashing their usual costs, with Blackrock charging...

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Elliott takes multibillion-dollar activist stake in Salesforce

Elliott Management has built a multibillion-dollar position in Salesforce, as another big activist investor joins the shareholder roster of a software group facing calls...

CryptoSlate Wrapped Daily: Huobi plans layoffs, sees outflows; SBF seeks to retain his Robinhood shares

The biggest news in the cryptoverse for Jan. 6 saw Huobi announce mass layoffs. Meanwhile, former FTX CEO Sam Bankman-Fried has...

Huobi confirms lay-offs amid rampant FUD over operational stability

Tron (TRX) founder Justin Sun plans to lay off roughly 20% of Huobi’s staff, Reuters reported on Jan. 6.According to the...

Crypto-Focused Bank Silvergate Slashes 40% Workforce, Abandons Several Projects

The FTX collapse has accelerated lay-offs as the sector struggles to weather the incessant turmoil. Crypto-focused bank – Silvergate Capital – has become the...

Tech leading the way

It’s been a mixed day of trade in Europe and the US is poised to open marginally lower as traders take a step...

India’s start-up dream sours for fired tech workers

Suraj logged on to the Slack online platform in September at the cryptocurrency start-up where he worked and realised the number of employees in...

Three Xiaomi executives to step down as smartphone demand weakens

Three top executives, including president Wang Xiang, are to step down at Xiaomi, as China’s largest smartphone maker battles a hit to sales and...

Silicon Valley start-ups race for debt deals in funding crunch

Tech start-ups that have traditionally relied on deep-pocketed Silicon Valley investors to fund ambitious growth plans are being forced into alternative financing deals to...

Checkout.com slashes internal valuation to $11bn

Europe’s most valuable private tech group Checkout.com has slashed its internal valuation to about $11bn, becoming the latest high-flying start-up forced to respond to the...

Law firms expand digital skills plans as Big Tech sheds staff

A wave of lay-offs at big technology companies could help US law firms add to their growing roster of data scientists and technologists, according...

Meta’s Mark Zuckerberg is still optimistic about the metaverse

Meta Platforms Inc., Chief Executive Officer Mark Zuckerberg, said that he remains optimistic about the future of the metaverse over a “five-to-ten-year horizon” despite...

Xiaohongshu sheds up to half its implied value in private markets

Xiaohongshu, the wildly popular social media platform considered to be China’s answer to Instagram, had been riding high last year. With a loyal following...

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