MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
Tag : job cuts
European markets struggle; Barclays surges 7% on earnings
European markets struggle amidst global sentiment uncertainty, while Barclays surges 7% on strong earnings....
Tech industry sees 32,000 job cuts in ongoing layoff wave
Despite job postings in AI surge, layoffs continue as tech firms trim excess workforce, awaiting economic stability....
Deutsche Bank to slash 3,500 jobs amidst $4.5 billion profit
Deutsche Bank, amidst a $4.5 billion profit, cut 3,500 jobs as part of a cost-cutting strategy, capitalizing on global interest rate trends....
UPS reports disappointing Q4 earnings and reveals 12,000 job cuts
UPS reports disappointing Q4 earnings and unveils 12,000 job cuts, aiming to streamline resources in 2024....
eBay cuts 1,000 full-time jobs in 9% workforce reduction
eBay cuts 1,000 jobs (9% of its workforce) as CEO Iannone emphasizes reducing alternate workforce contracts....
Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand
One of Vietnam’s leading shoe manufacturers, catering to brands like Nike Inc and Adidas AG, announced plans to lay off thousands of employees due to...
Wall Street faces staffing cuts as Morgan Stanley plans to eliminate 3,000 jobs
As the slump in Initial Public Offerings (IPOs) and mergers on Wall Street continues to deepen this year, leading advisory firms including Morgan Stanley, Bank...
Walmart to lay off over 2,000 workers in five states amid tough times ahead
Walmart, the largest private employer in the US, is set to lay off more than 2,000 workers from five of its fulfillment centers that cater...
There will be about 6,650 job cuts at Dell
Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result...