Cuts

Cutbacks at Yuga LabsBored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn't been specified, however, in an Oct. 6 blog post shared…

Tesla has cut prices after it announced a slowdown in deliveries. The company said the decline was caused by factory upgrades. Tesla Inc (NASDAQ: TSLA) has reduced US prices of its Model Y and Model 3 cars following third-quarter…

The CEO and chair of Pascal Gauthier announces the firm will be cutting its staff by 12% in an Oct. 5 blog post citing the “longevity of the business.” The letter was sent to all employees, and reshared on the company’s public blog site in…

© Reuters. A view of a new nickel sulphate plant that global miner BHP Group is building to service the battery industry at its Nickel West operations, south of Perth, Australia August 2, 2019. REUTERS/Melanie Burton/File photo By…

© Reuters. FILE PHOTO: Wopke Hoekstra arrives at the Binnenhof for the Council of Ministers in The Hague, Netherlands July 14, 2023. REUTERS/Piroschka van de Wouw//File Photo By Kate Abnett BRUSSELS (Reuters) -The nominee for the…

Michael Egorov, the founder of decentralized finance (DeFi) protocol Curve, recently settled his loans on the lending platform Aave, reducing his debt to $42.7 million across other DeFi protocols. According to the on-chain analytics…

© Reuters. Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Brighthouse Financial, Frontier, nCino, and Ventas.InvestingPro subscribers got this news first. Never…

All 70 economists polled anticipate that the ECB is to hold the deposit rate unchanged at 4.00% until year-end. Meanwhile, 41 of 70 economists (~59%) see the ECB waiting until at least Q3 next year i.e. July at the earliest before taking…

© Reuters. Tesla Inc. (NASDAQ:) has reported a surge in sales volumes following a series of price cuts on its models this year, resulting in record deliveries of 466,140 units in the second quarter of 2023. However, the price…

Article content (Bloomberg) — Betting that the European Central Bank cuts interest rates in the first half of next year would be a mistake, according to Governing Council member Martins Kazaks. Wage growth in the euro zone hasn’t yet…