Verizon marked down the value of its business services unit by $5.8 billion as clients shun wired communications. The wireless carrier said in a regulatory filing with the Securities and Exchange Commission Wednesday (Jan. 17) that it reduced the value of that side of its...
FinTech firm Paytm has reportedly confirmed a “slight reduction” in its workforce while denying media reports that it could cut more than 1,000 roles. The FinTech’s parent company, One 97 Communications, did not specify the number of jobs that will be cut, Reuters reported Monday...
For Growth Corporates, commonly referred to as middle-market firms, in the North American region, accessing external working capital solutions has been critical to improving their operational efficiency and sustaining growth in a challenging macroeconomic landscape. According to the recently released “2023-2024 Growth Corporates Working Capital...
There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has run its course, the cash coffers have been drained, and in the United States, bankruptcies have been on the rise....
BlackBerry has a new CEO, and has altered its plans for its Internet-of-Things (IoT) business. The software company announced Monday (Dec. 11) it had dropped plans to “pursue a subsidiary initial public offering” of its IoT unit. Instead, BlackBerry will work toward separating its IoT and cybersecurity units...
In business, as in life, there are no guarantees of success. And to put a twist on an observation by poet Robert Burns, the best laid plans of digital, app-driven platforms looking to upend the way things have always been done … can go astray....
British money transfer firm Zepz has reportedly made another round of job cuts. The company, which owns remittance platforms WorldRemit and Sendwave, has laid off 30 workers, according to a CNBC report Thursday (Nov. 30). “Zepz has entered a redundancy consultation which could affect less than 2% of its global headcount,” a...
Google parent Alphabet has sold off all of its shares in trading app Robinhood. The tech giant in August had sold about 90% of its stake in Robinhood, and said in a recent filing with the Securities and Exchange Commission (SEC) that it had dissolved its holdings. Alphabet also...
Payments firms Rêv and Netspend have combined their operations to form a new company named Ouro. The new group will maintain Netspend as a flagship brand and prepaid card provider, while also continuing to expand use of Rêv’s X World Wallet, the company said in a Wednesday (Nov. 1) news release....
