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Meta Laying Off More Than 11,000 Employees
Meta will cut 13% of its workforce, the company announced Wednesday. The owner of Facebook, Instagram and WhatsApp first mass...
Crypto Exchange Binance to Buy Struggling Rival FTX
Binance, the world’s largest cryptocurrency firm, has reached a deal with FTX to buy the rival crypto exchange for an...
Puma Chief Bjorn Gulden Named New Adidas CEO
Bjorn Gulden will become CEO of Adidas on January 1, 2023 replacing outgoing CEO Kasper Rorsted, the sportswear maker said...
Kohl’s CEO Michelle Gass Stepping Down to Join Levi Strauss & Co.
Kohl’s CEO Michelle Gass is leaving the company and will join Levi Strauss & Co. in early January as president...
Elon Musk Pushes for Republican Congress Ahead of Midterms
Twitter’s new owner Elon Musk said on Monday that “independent-minded” people should vote for a Republican Congress. “Shared power curbs...
U.S. Department of Justice Seizes Over $3.36 Billion In Bitcoin
The U.S. Department of Justice seized about $3.36 billion in stolen bitcoin in November last year from the residence of...
Facebook Parent Meta is Preparing Large-Scale Layoffs
Meta is reportedly planning to begin large-scale lay-offs this week expected to affect thousands of employees, The Wall Street Journal...
Sean ‘Diddy’ Combs to Buy Cannabis Businesses for Up To $185M
Hip-hop artist and businessman Sean “Diddy” Combs has agreed to acquire licensed marijuana operations in a deal worth up to...
U.S. Job Growth Beats Expectations in October
U.S. job growth increased more than expected in October, despite Federal Reserve interest rate increases aimed at slowing a strong...
Twitter Closes Offices as Elon Musk Admits ‘Massive Drop’ in Revenue
Twitter temporarily closed its offices Friday after telling employees they would be informed by email later in the day about...
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