Tag: layoffs
Citigroup employees told they can work remotely until new year
Citigroup told most of its employees that they can work remotely the final two weeks of December, CNBC has learned.Workers can log in remotely from an [...]
GM’s Cruise laying off 900, or 24% of its workforce: Read the memo
General Motors' Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce, the company confirmed to CNBC.The [...]
Etsy laying off 11% of staff, citing competitive environment
Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline c [...]
Wells Fargo CEO warns of severance costs as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the [...]
MoveOn Carries Out Layoffs as Liberal Groups Struggle to Raise Money
The layoffs are the latest sign of a slowdown in small-dollar donations to Democratic candidates and liberal organizations.
www.nytimes.com [...]
Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul
Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" at the Economic Club [...]
NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have sk [...]
Citigroup considers deep job cuts in Project Bora Bora
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of [...]
Big banks cut thousands of jobs, more layoffs coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks hav [...]
Blockchain Titans OP Labs, Polygon, and Matter Labs Vie for Celo Contracts Amid Crypto Winter Layoffs
HARSH WINTER: In the last edition of The Protocol, we recounted the rounds of layoffs coursing through the blockchain industry – at Chia Network, Chai [...]
Blockchain Titans OP Labs, Polygon, and Matter Labs Vie for Celo Contracts Amid Crypto Winter Layoffs
BLOCKCHAIN BAKE-OFF! In July, when the smart-contracts blockchain Celo proposed to ditch its independent “layer-1” status in favor of becoming a layer [...]
Chainalysis Starts Second Round of Layoffs in a Year, Cuts 15% Workforce
"While Chainalysis continues to be well positioned for long-term success as a consistently top-performing software company, we are very focused on gro [...]
General Motors, Stellantis announce layoffs
United Auto Workers members on a picket line outside the Stellantis NV Toledo Assembly Complex in Toledo, Ohio, on Sept. 18, 2023.Emily Elconin | Bloo [...]
Two more top executives depart Binance.US amid layoffs, SEC action: Report
Two more top executives are leaving Binance.US, one day after the departure of CEO Brian Shroder and the layoff of a third of its staff, the Wall Stre [...]
Roku to lay off 10% of workforce, stock jumps
Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesRoku said it will lay off 10% of [...]