layoffs Archives

MicroStrategy’s bitcoin holdings top $45 billion in market value

kuwait-live.comFebruary 22, 2025February 22, 2025

February 22, 2025February 22, 2025

MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024...

BP announces 4,700 job cuts amid cost-saving measures

kuwait-live.comJanuary 16, 2025January 16, 2025

January 16, 2025January 16, 2025

BP, one of the world’s leading energy companies, announced on Thursday a significant workforce reduction as part of a broader cost-saving initiative. The British oil...

Business

Ebay’s Web3 division cuts 30% of workforce amid speculation

kuwait-live.comFebruary 24, 2024February 24, 2024

February 24, 2024February 24, 2024

Ebay, a major player in e-commerce, has reportedly made substantial changes within its Web3 division, resulting in a significant downsizing. Approximately 30% of the division's...

Business

Snap Inc. announces 10% workforce reduction, impacting 500 jobs

kuwait-live.comFebruary 5, 2024February 5, 2024

February 5, 2024February 5, 2024

In a significant strategic move, Snap Inc., the parent company of Snapchat, has announced its intention to reduce its global workforce by 10%. This decision...

Business

Microsoft hits $3 trillion market value, trails Apple

kuwait-live.comJanuary 26, 2024January 26, 2024

January 26, 2024January 26, 2024

Microsoft, a tech giant with a storied history, reached a monumental milestone today by achieving a market value of over $3 trillion. In doing so,...

Business

Unity Software to cut 25% of workforce in major corporate overhaul

kuwait-live.comJanuary 9, 2024January 9, 2024

January 9, 2024January 9, 2024

Unity Software, a prominent gaming technology company, announced a major restructuring plan on Monday, involving the termination of approximately 1,800 jobs, representing 25% of its...

Business

Unity Software to cut 25% of workforce in major corporate overhaul

kuwait-live.comJanuary 9, 2024January 9, 2024

January 9, 2024January 9, 2024

Unity Software, a prominent gaming technology company, announced a major restructuring plan on Monday, involving the termination of approximately 1,800 jobs, representing 25% of its...

Business

Inflation cools rapidly, paving the way for economic confidence in 2024

kuwait-live.comJanuary 2, 2024January 2, 2024

January 2, 2024January 2, 2024

As the year 2023 drew to a close, many had anticipated it would be marked by economic turmoil and recession fears. However, it defied expectations...

Business

Vietnam shoemaker PouYuen to lay off 6,000 workers amid plummeting demand

kuwait-live.comMay 15, 2023May 15, 2023

May 15, 2023May 15, 2023

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...

Business

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

kuwait-live.comMay 4, 2023May 4, 2023

May 4, 2023May 4, 2023

Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in...