R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. The company eliminated positions across different functions and did so to preserve cash during an industry downturn, Bloomberg reported Thursday (Sept. 14). R3 did not immediately reply to PYMNTS’ request...
The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment for the decline. According to the company’s earnings call with analysts, it closed out Q2...
October 12, 2023
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in savings of about $30 million to $35 million compared to the second quarter, the digital marketplace bank said in a Thursday (Oct. 12) press release. “We continue to proactively implement various […]
September 14, 2023
R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. The company eliminated positions across different functions and did so to preserve cash...
August 03, 2023
The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment...
