MicroStrategy’s bitcoin holdings top $45 billion in market value
MicroStrategy cut 20% of its workforce as it doubled its bitcoin holdings in 2024, spending $22.1 billion on cryptocurrency while shedding 400 jobs across key...
Tag : workforce reduction
Germany’s Commerzbank announces 3,900 job cuts as part of new plan
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing...
Meta lays off 3,600 employees as tech sector job cuts continue
Meta is laying off 3,600 employees, or 5% of its workforce, as it continues restructuring in 2025. The layoffs, focused on “low performers,” impact multiple...
Shopify cuts workforce by 20 percent, sells logistics arm to Flexport for equity stake
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...