Market Analysis
Starbucks Stock Rises Following Major Layoffs Affecting 1,000+ Roles
Starbucks is undergoing a major corporate restructuring, including the layoff of 1,100 employees.
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layoffs
Market Analysis
Why Is Meta Stock Rising Premarket Today? Massive Layoff Plans
Meta stock is rising in premarket trading after reports the company is considering major layoffs to offset rising AI infrastructure costs.
Market Analysis
Intel Struggles with 37% One Year Stock Decline Amid Layoffs and Scrutiny
Intel faces major restructuring amid layoffs and potential acquisition talks, as its stock continues to underperform the broader market.
Market Analysis
Cisco Shares Surge on Earnings Beat and Restructuring Plans
The networking giant aims to focus on high-growth areas like AI and cybersecurity, driving its stock up 7.78% despite facing its third consecutive quarter of declining…
Market Analysis
Tesla’s Critical Two-Year Horizon Will Make Or Break It
Cutting workforce while solving hard challenges paints a bleak picture. Can Musk's managerial skills pull Tesla through?
Earnings
Deutsche Bank Stock Rises on Strong Q4 Profit, Stock Buybacks, and Layoffs
Deustche Bank's shares edged higher in the market pre-open after the group announced better-than-anticipated quarterly profit.
Market Analysis
Nansen Downsizes With a 30% Staff Cut
This Tuesday, the CEO of Nansen announced his company is seeking to downsize with a 30% workforce cut.
Best Stocks
Virgin Orbit Down 41% in Premarket as Firm Halts Operations, Begins Layoffs
Virgin Orbit said it is halting operations "for the foreseeable future" as it fails to raise capital.
Banking
Crypto Bank Anchorage Digital Cutting Workforce By 20%
Anchorage Digital cited overall market conditions, volatility, and recent regulatory actions as the main reason behind the decision to reduce the workforce.
Market Analysis
Tech Leads US Layoffs with 21,387 Workers Sacked in February
Tech industry accounted for 28% of all layoffs in February, cutting 21,387 jobs in the shortest month of the year.
Market Analysis
Meta Up 1.5% in Premarket Amid Reports of More Downsizing
Meta shares are up over 53% YTD as the company's push to restore profitability at any cost pays out.
Crypto
Polygon Labs Slashes Workforce by 20% Amid Consolidation Effort
Polygon said it laid off 100 employees as part of the company's efforts to consolidate its several businesses.
Market Analysis
Gemini to Lay Off 10% of its Staff
Winklevoss Twins’ cryptocurrency exchange is preparing to lay off some of its staff after facing issues pertaining to FTX and Genesis Global.