Less than two years ago, Theranos was worth $9 billion and poised to go down in Silicon Valley history for its one-drop blood-testing technology. Now, the embattled company—which has been sued several times for allegedly making false and misleading claims—is […]
Tag: job cuts
Twitter is considering slashing its workforce 8% further or about 300 employees, reported Bloomberg on Monday, citing people familiar with the matter. The company will report its third quarter earnings on Thursday and might announce the job cuts before that. […]
Theranos Sued By Investor by PitchBook Theranos is the target of a lawsuit filed by a hedge fund that invested $96 million in the startup, per The Wall Street Journal. The Partner Fund Management suit alleges, among other things, that […]
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Shares in Cisco Systems Inc. took a hit following news that the company will cut 14,000 jobs around the world, representing 20% of its total workforce. The world’s largest maker of networking equipment will announce the job cuts in the coming weeks, […]
To remain profitable, large businesses sometimes have to make tough decisions that impact thousands of people. That’s the situation tech giant Microsoft finds itself in right now. In late July, the company revealed it would lay off nearly 3,000 employees […]
FOX Business Network’s (FBN) Charlie Gasparino reported that Goldman Sachs is now in “a mode where instead of seeing a future where they can make profits for their business, their future right now is to basically cut costs” and that […]