GM's involuntary layoffs start Monday, at least 4,000 workers expected to lose jobs

GM plans to start involuntary layoffs on Monday ahead of its earnings report Wednesday. The automaker is expected to make roughly 4,000 involuntary job cuts. GM offered buyouts to 17,700 employees in November. General Motors is planning to layoff at least 4,000 salaried workers in North America starting Monday ahead of the company’s fourth-quarter earnings report, according to two people […]

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Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin

According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315.5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations. The prominent analyst cited recent […]

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Thomson Reuters To Reduce Workforce By Approx. 3,200 Employees By 2020

Thomson Reuters Corp. (TRI.TO,TRI) announced the company plans FTE, or full time employees, reduction of approximately 12% by 2020. The company also plans to reduce its locations by approximately 30%. Also, Thomson Reuters said the company plans to grow its organic revenues 3.5%-4.5% by 2020. Thomson Reuters will host its 2018 Investor Day in Toronto on Dec. 5. The company’s senior management […]

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