FIS is reportedly planning to spin off Worldpay, the merchant services business it acquired in 2019. The payments giant is apparently looking to undertake a...
Meta CEO Mark Zuckerberg’s “year of efficiency” is reportedly off to a rocky start. The company has delayed the budgets for several of its teams...
Deliveroo is laying off 9% of its global workforce. In an open message published on the company’s website on Thursday (Feb. 9), Deliveroo CEO and founder Will...
Less than three months into his second stint as CEO, and Disney’s Bob Iger has unveiled his first sequel. This, as the recently returned executive...
The wave of layoffs announced by employers last month was the highest since 2020. U.S. based companies cut 102,943 jobs in January, a 136% increase...
Upstart is laying off 365 employees due to reduced demand for lending. The artificial intelligence (AI) lending platform said in a Tuesday (Jan. 31) filing...
PayPal is laying off 2,000 employees as part of a transformation that includes cost-cutting. The reductions will amount to 7% of the firm’s global workforce...
Groupon will be eliminating another 500 jobs globally as it continues with its restructuring plans. The firm said in a filing with the Securities and...
Hasbro is cutting 15% of its workforce after seeing a 17% year-over-year drop in revenue. The branded entertainment company will eliminate 1,000 positions worldwide this...