workforce reduction

LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace
October 12, 2023  |  Digital Banking

LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” The move will result in...

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Report: Blockchain Company R3 Lays Off 20% of Staff
Report: Blockchain Company R3 Lays Off 20% of Staff
September 14, 2023  |  Blockchain

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...

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Wish Reports 42% Decline in Q2 Revenue, Blames Competition
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023  |  Retail

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...

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