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tomertu - stock.adobe.com Fintech giant making thousands of redundancies as global economic outlook remains poor By Karl Flinders, Chief reporter and senior editor EMEA Published: 01 Feb 2023 12:42 Fintech giant PayPal has said it will cut 2,000 jobs – about 7% of staff – as it expects the current challenging economic conditions to continue.

Sundar Pichai, chief executive officer of Alphabet, Google’s parent company, announced in a statement and in an email to U.S-based affected staff, that the company will be cutting approximately 12,000 jobs or six per cent of its workforce. Pichai said the process of informing affected employees from other countries will take longer due to local

This latest price cut by Tesla is becoming a trend and it represents almost the third time the firm will be slashing its car prices around the world.American multinational electric vehicle maker Tesla Inc (NASDAQ: TSLA) has slashed the prices of its vehicles in the United States, and other key markets in Europe. As reported

By Alex Lennane 11/01/2023 Flexport is to cut 20% of its jobs, with impacted staff in Europe and North America receiving emails in the next few hours, and those in Asia, tomorrow. The letter to employees from co-CEOs Dave Clark and Ryan Petersen opens: “We begin the new year with more optimism than ever about Flexport’s

Fidelity, which was among the group of outside investors that helped Elon Musk finance his $44 billion takeover of Twitter, has slashed the value of its stake in Twitter by 56%. The recalculation comes as Twitter navigates a number of challenges, most the result of chaotic management decisions — including an exodus of advertisers from