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Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce

Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce
Meta to Lay Off More Than 11,000 Workers Due to Drop in eCommerce
November 09, 2022  |  Personnel

Meta will lay off more than 11,000 employees — 13% of its workforce — CEO Mark Zuckerberg said, blaming the decision on his misguided bet...

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Crypto Prices Slide Due to Binance/FTX Uncertainty
Crypto Prices Slide Due to Binance/FTX Uncertainty
November 09, 2022  |  Cryptocurrency

Cryptocurrency prices continue to slide amid uncertainty about a deal between two of the industry’s largest exchanges. Get the Full Story Complete the form to...

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Trade X to Add Mexico to Cross-Border Automotive Trading Platform
Trade X to Add Mexico to Cross-Border Automotive Trading Platform
November 09, 2022  |  B2B Payments

Cross-border automotive trading platform Trade X has announced it will open a trade route in Mexico and allow that country’s dealers and fleet owners to...

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Galaxy CEO Says Exposure to FTX ‘Stings’ But Isn’t Detrimental
Galaxy CEO Says Exposure to FTX ‘Stings’ But Isn’t Detrimental
November 09, 2022  |  Cryptocurrency

Digital asset and blockchain firm Galaxy Digital has an exposure of about $76.8 million of cash and digital assets to cryptocurrency exchange FTX and is...

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Ahold Delhaize’s US Rewards Programs Drive $1.5B in Sales YTD
Ahold Delhaize’s US Rewards Programs Drive $1.5B in Sales YTD
November 09, 2022  |  Retail

Netherlands-based multinational grocery retailer Ahold Delhaize is seeing its loyalty bets pay off in the United States. Get the Full Story Complete the form to...

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Report: Tiger Global Cuts Tech Investments by Billions of Dollars
Report: Tiger Global Cuts Tech Investments by Billions of Dollars
November 09, 2022  |  Investments

As declining technology stocks have hacked the value of investor Tiger Global Management’s public stocks this year, the company has also slashed the value of...

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Allbirds Gets Lift From New Physical Stores as Headwinds Persist
Allbirds Gets Lift From New Physical Stores as Headwinds Persist
November 09, 2022  |  Retail

Direct-to-consumer (D2C) clothing and footwear retailer Allbirds saw a lift in its most recent quarter as the addition of a record number of physical stores...

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RealReal Overhauls Consignment Structure in Quest for Profitability
RealReal Overhauls Consignment Structure in Quest for Profitability
November 09, 2022  |  Retail

In its ongoing quest for profitability, luxury resale platform The RealReal said Tuesday (Nov. 8) that it has overhauled its commission structure and will charge...

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Inflation Stokes Recession Fears While Slamming Retail Earnings
Inflation Stokes Recession Fears While Slamming Retail Earnings
November 09, 2022  |  Retail

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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