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- Business
‘We’re winning.’ Inflation drops to 4% next week with ‘FOUR interest rate cut…
Inflation is on the run after falling to 4.6 percent in October, more than half its October 2022 peak of…
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Source: Stripe lowers its internal valuation by ~11% to $63B, its third known cut since June 2022, bringing the total reduction to ~40% in the past six months (Maria Heeter/The Information)
Maria Heeter / The Information: Source: Stripe lowers its internal valuation by ~11% to $63B, its third known cut since…
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Sources: GroupM clients cut Twitter ad spend by 40%-50% since Elon Musk took over; Standard Media Index is seeing fewer January and February ad bookings in 2023 (Sahil Patel/The Information)
Sahil Patel / The Information: Sources: GroupM clients cut Twitter ad spend by 40%-50% since Elon Musk took over; Standard…
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Stitch Fix plans to cut 20% of its 1,700 salaried staff and founder Katrina Lake will reassume her role as CEO after current CEO Elizabeth Spaulding steps down (Gabrielle Fonrouge/CNBC)
Gabrielle Fonrouge / CNBC: Stitch Fix plans to cut 20% of its 1,700 salaried staff and founder Katrina Lake will…
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Layoffs.fyi estimates tech companies cut over 150,000 jobs in 2022, compared to around 80,000 between March and December 2020 and 15,000 across all of 2021 (Wall Street Journal)
Wall Street Journal: Layoffs.fyi estimates tech companies cut over 150,000 jobs in 2022, compared to around 80,000 between March and…
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After shortages, chipmakers face swelling inventories, mirroring the economy, as consumers cut spending; analysis shows falling lead times in recent months (Asa Fitch/Wall Street Journal)
Asa Fitch / Wall Street Journal: After shortages, chipmakers face swelling inventories, mirroring the economy, as consumers cut spending; analysis…
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A look at challenges facing Apple's semiconductor group; sources: Apple cut a next-gen GPU with ray tracing from iPhone 14 Pro due to battery and thermal issues (Wayne Ma/The Information)
Wayne Ma / The Information: A look at challenges facing Apple’s semiconductor group; sources: Apple cut a next-gen GPU with…
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US prosecutors say two men conspired with Russian hackers to tamper with JFK airport's taxi queuing software, allegedly letting drivers cut the line for a fee (James Reddick/The Record)
James Reddick / The Record: US prosecutors say two men conspired with Russian hackers to tamper with JFK airport’s taxi…
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Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia's crypto exchange Tokocrypto; the unit will cut 58% of jobs and replace its CEO (Norman Harsono/Bloomberg)
Norman Harsono / Bloomberg: Changpeng Zhao confirms Binance acquired the remaining 49% stake in Indonesia’s crypto exchange Tokocrypto; the unit…
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