workforce reduction Archives

MicroStrategy’s bitcoin holdings top $45 billion in market value

qatarsentinel.comFebruary 22, 2025February 22, 2025

February 22, 2025February 22, 2025

MicroStrategy, now operating under the name Strategy, has significantly reduced its workforce while aggressively expanding its bitcoin holdings. The company disclosed in its audited 2024...

Germany’s Commerzbank announces 3,900 job cuts as part of new plan

qatarsentinel.comFebruary 13, 2025February 13, 2025

February 13, 2025February 13, 2025

Germany’s second-largest lender, Commerzbank, announced plans on Thursday to cut 3,900 full-time jobs by 2028 as part of its latest strategic overhaul. The job reductions...

Meta lays off 3,600 employees as tech sector job cuts continue

qatarsentinel.comFebruary 10, 2025February 10, 2025

February 10, 2025February 10, 2025

Meta is laying off approximately 3,600 employees, accounting for about 5% of its workforce, as part of its ongoing restructuring efforts in 2025. The layoffs,...

Business

Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake

qatarsentinel.comMay 4, 2023May 4, 2023

May 4, 2023May 4, 2023

Shopify has announced plans to reduce its workforce by 20%, impacting over 2,000 employees, and has agreed to sell its logistics business to Flexport in...