Layoffs

Online Lender CommonBond Cuts 18 Pct Of Employees
Online Lender CommonBond Cuts 18 Pct Of Employees
January 17, 2019  |  Personnel

Online student lender CommonBond has laid off 22 employees — 18 percent of its staff — as it plans to shift investment into new areas....

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Bitcoin Daily: Bank Of America Mulls Blockchain ATMs; India Eyes Cryptocurrency Legalization
Bitcoin Daily: Bank Of America Mulls Blockchain ATMs; India Eyes Cryptocurrency Legalization
December 26, 2018  |  Bitcoin

The government of India is reportedly considering the legalization of digital currencies, with some restrictions, per CoinDesk. According to reports, an unnamed senior official, who...

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In Cryptoland, Jobs Disappear As Speculators Flee
In Cryptoland, Jobs Disappear As Speculators Flee
December 11, 2018  |  Personnel

What goes up must come down, as goes the old saying. So, crypto prices soared, crypto prices crashed, staffing levels grew and now, staffing levels...

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Essential Products To Lay Off 30 Percent Of Its Workforce
Essential Products To Lay Off 30 Percent Of Its Workforce
October 18, 2018  |  Startups

Essential Products, the smartphone startup founded by Andy Rubin, the creator of Android, is slashing its workforce by around 30 percent. Bloomberg, citing people familiar with...

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Wells CEO Says He’s In For The Next Decade
Wells CEO Says He’s In For The Next Decade
September 24, 2018  |  Personnel

Wells Fargo Chief Executive Tim Sloan told Bloomberg late last week that he plans to stay on at the company for the next decade. According...

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Trump Administration Shrinks Finance Watchdog
Trump Administration Shrinks Finance Watchdog
August 09, 2018  |  Regulation

The Trump administration is laying off 40 staff members at the Office of Financial Research (OFR), an independent bureau that analyzes market trends to detect...

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In eCommerce, Amazon Sizzles, While eBay Fizzles
In eCommerce, Amazon Sizzles, While eBay Fizzles
July 20, 2018  |  Sizzle/Fizzle

Sizzle Amazon’s Prime Day for Prime: Estimates are that the commerce juggernaut brought in $4 billion in Prime Day sales (according to Wedbush), up 33 percent...

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Retail Pulse: Fabletics Plans Expansion, Dunkin’ Gets New CEO
Retail Pulse: Fabletics Plans Expansion, Dunkin’ Gets New CEO
July 13, 2018  |  Retail

Fabletics is seeking aggressive growth, with the activewear retailer planning to open 75 new brick-and-mortar stores in the U.S. and other countries. Such an expansion would...

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Snap To Fire 100 Engineers In Its Latest Layoff Round
Snap To Fire 100 Engineers In Its Latest Layoff Round
March 30, 2018  |  Personnel

Snap, the parent company and creator of disappearing messaging app Snapchat, is laying off around 100 employees in order to focus on advertising. According to...

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