Layoffs

Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
Wells Fargo CFO Expects More Layoffs in Drive for Efficiency
September 12, 2023  |  Banking

Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020,...

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Barclays CEO Says Job Cuts Are in Line With Industry
Barclays CEO Says Job Cuts Are in Line With Industry
September 11, 2023  |  Banking

Barclays Plc plans to cut hundreds of jobs, following many other financial institutions that have done the same. CEO C.S. Venkatakrishnan told CNBC Monday (Sept. 11) that...

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Better Going Public Following Two-Year Listing Journey
Better Going Public Following Two-Year Listing Journey
August 24, 2023  |  SPAC

After two years, mortgage lender Better.com will finally go public Thursday (Aug 24). The company’s Nasdaq listing will happen via a special purpose acquisition company...

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Millennials, Bridge Millennials Increasingly Prioritize Mental Health Through Teletherapy
Millennials, Bridge Millennials Increasingly Prioritize Mental Health Through Teletherapy
August 03, 2023  |  Healthcare

Economic stressors could be driving both age cohorts’ use of online platforms to access wellness professionals. Even in the best of times, the world can...

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Super App Companies Scale Back Plans Amid Funding Drought
Super App Companies Scale Back Plans Amid Funding Drought
July 18, 2023  |  Investments

While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18),...

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Freightos Reduces Headcount by 13% in Operational Efficiency Plan
Freightos Reduces Headcount by 13% in Operational Efficiency Plan
July 11, 2023  |  Shipping

Freightos is reducing its headcount by 13%, or about 50 employees, as part of its plan to cut costs and boost efficiency. This operational efficiency plan...

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Payoneer to Reduce Headcount 9% to ‘Enhance Productivity and Efficiency’
Payoneer to Reduce Headcount 9% to ‘Enhance Productivity and Efficiency’
July 10, 2023  |  Personnel

Payoneer Global plans to reduce its total headcount by 9%. The FinTech company — which has 2,000 employees worldwide, according to its website — expects to complete the...

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Zip Continues Streamlining BNPL Business With 20% Layoffs
Zip Continues Streamlining BNPL Business With 20% Layoffs
July 03, 2023  |  BNPL

Australian buy now, pay later provider Zip says it is continuing to streamline its operations. And part of that streamlining apparently involves cutting 20% of...

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Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
Robinhood Cuts 7% of Workforce Amid Slowdown in Trading Volumes
June 26, 2023  |  Personal Finance

Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading...

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