market conditions

Report: Tech Firms Get Back to Basics Amid Rising Layoffs

Report: Tech Firms Get Back to Basics Amid Rising Layoffs
Report: Tech Firms Get Back to Basics Amid Rising Layoffs
January 15, 2023  |  Economy

Will 2023 be the year Big Tech companies think less big? A report Saturday (Jan. 14) by the Wall Street Journal (WSJ) argues that tech...

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LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
LendingClub Cutting 225 Jobs as ‘Historic’ Rate Hikes Throttle Demand
January 12, 2023  |  Personnel

LendingClub is cutting 225 jobs as demand for loans falls due to rising interest rates. The cuts — which amount to 14% of the digital...

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QSRs Face Do-or-Die Decisions Over Value Menus
QSRs Face Do-or-Die Decisions Over Value Menus
January 11, 2023  |  ResTech

Inflation is putting QSRs in a bind with menu pricing, with all options posing serious challenges. While some major brands are scaling back their value...

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Inflation Reveals Generational Divide in Restaurant Spending Cuts
Inflation Reveals Generational Divide in Restaurant Spending Cuts
January 11, 2023  |  Economy

As economic pressures continue, consumers across demographics are making changes to their restaurant purchasing behaviors. The December edition of PYMNTS’ Restaurant Digital Divide study, The...

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As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
As Crypto Contagion Spurs Coinbase Layoffs, Bitcoin is Remarkably Steady
January 10, 2023  |  Bitcoin

As the crypto industry contagion continues to spread and add casualties, bitcoin is conversely looking steady. Bitcoin, the first and most widely recognized virtual currency,...

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New York Fed Report Sees Some Inflation Relief Despite Consumer Fears
New York Fed Report Sees Some Inflation Relief Despite Consumer Fears
January 09, 2023  |  Economy

Consumers’ inflation perceptions are consistently higher than government figures. The Federal Reserve Bank of New York’s closely watched Survey of Consumer Expectations for December, released...

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6 in 10 Subscription Services Predict Economic Challenges This Year
6 in 10 Subscription Services Predict Economic Challenges This Year
January 09, 2023  |  Subscriptions

As economic pressures continue, the majority of subscription companies are preparing for a difficult year. By the Numbers For PYMNTS’ recent study “The State Of...

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Staff Cuts at Amazon Stores Signal eCommerce Turbulence Ahead
Staff Cuts at Amazon Stores Signal eCommerce Turbulence Ahead
January 05, 2023  |  Technology

Recent layoff announcements point to a rocky start of 2023 for eCommerce. Businesses, in general – especially smaller ones — benefit from the expertise and...

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