Workforce Reduction news and trends

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

R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

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

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 and a challenging business environment for the decline. Get the Full Story Complete the form to unlock this article and...

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LendingClub Cutting 14% of Workforce as Interest Rates Pressure Marketplace

October 12, 2023
LendingClub is laying off 172 employees — about 14% of its workforce — to reduce costs and navigate the “challenging macroenvironment.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this […]

Report: Blockchain Company R3 Lays Off 20% of Staff

September 14, 2023
R3, a prominent blockchain company in the finance industry, has reportedly laid off one-fifth of its workforce. Get the Full Story Complete the form to unlock this article and enjoy...

Wish Reports 42% Decline in Q2 Revenue, Blames Competition

August 03, 2023
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 and a challenging business environment...