Layoffs

Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization

Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
Citi Plans ‘Uncomfortable’ Cuts Amid Sweeping Reorganization
September 13, 2023  |  Economy

Citi says it is embarking on a major restructuring of its organization that eliminates a number of management layers. The new structure, announced Wednesday (Sept. 13), elevates the...

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Binance.US Cuts Third of Workforce as CEO Departs
Binance.US Cuts Third of Workforce as CEO Departs
September 13, 2023  |  Personnel

The head of Binance.US has reportedly left the cryptocurrency company. Brian Shroder, who had been the exchange’s CEO since 2021, has resigned, the Wall Street...

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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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