operating
- Technology
Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to reduce its operating expense by 25% QoQ; Coinbase laid off 18% in June (Kate Rooney/CNBC)
Kate Rooney / CNBC: Coinbase plans to lay off a further ~950 employees, or ~20% of its workforce, seeking to…
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Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand (CNBC)
CNBC: Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected…
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Chinese media: Foxconn says its Zhengzhou plant is operating with ~200,000 workers, or ~90% capacity, back to around reported normal levels, after disruptions (Debby Wu/Bloomberg)
Debby Wu / Bloomberg: Chinese media: Foxconn says its Zhengzhou plant is operating with ~200,000 workers, or ~90% capacity, back…
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Analysts and sources detail Apple's easing iPhone supply chain issues in China; Foxconn's main Zhengzhou iPhone facility is now operating at around 70% capacity (Yang Jie/Wall Street Journal)
Yang Jie / Wall Street Journal: Analysts and sources detail Apple’s easing iPhone supply chain issues in China; Foxconn’s main…
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The DEA finds a Mexico-based methamphetamine and cocaine gang operating across the US, Mexico, Europe, and Australia used Binance to launder $15M to $40M (Thomas Brewster/Forbes)
Thomas Brewster / Forbes: The DEA finds a Mexico-based methamphetamine and cocaine gang operating across the US, Mexico, Europe, and…
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Internal note: Meta adviser and ex-Oculus CTO John Carmack leaves the company after more than eight years, saying Meta is operating at "half the effectiveness" (New York Times)
New York Times: Internal note: Meta adviser and ex-Oculus CTO John Carmack leaves the company after more than eight years,…
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