JPMorgan to raise headcount by 25% in LatAm private banking unit

JPMorgan Chase is exploring an option to grow the size of its Latin American (LatAm) private-banking business by 25% next year, reported Bloomberg. The move is driven by the company’s plan to garner additional investments from clients with $5m to $25m in investible assets. It will see the inclusion...
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GitLab Shows It Can Grow Even When Headcounts Don't

GitLab sells a version control system in a DevOps platform that allows large and even pretty disparate teams to work in an effective chain on code for quick deployment. They are a scale-up story at the moment, and they try to land and expand in corporate budgets, charging on a per-seat basis for their platform.
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Red and Black

Athens coffee shops offer free coffee and chocolate for Election day

Oat milk brand Oatly is partnering with Tony’s Chocolonely and HeadCount to support voting in Georgia for the Dec. 6 runoff election, according to a news release. On Tuesday, Dec. 6, Georgians can redeem a coupon and pick up a free drink made with Oatly oat milk and a Tony’s Chocolonely dark almond sea salt bar at 1000 Faces Coffee and Hendershot’s in Athens.
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Goldman Sachs CEO says purchasers are shifting away from provide chain resiliency to maintaining headcount down, however ‘I am not listening to panic’

With simply over two weeks left in This fall, and an unsure yr forward, executives at giant U.S. banks have been weighing in on inflation, a pending recession, shopper spending, and the tight labor market. “Financial progress is slowing,” Goldman Sachs CEO David M. Solomon mentioned on Tuesday, the primary...

DP World to increase India headcount to 700 by next June : Pradeep Desai

DUBAI : Logistics company DP World will increase its headcount in India to 700 by June 2023 from 500 currently, its Chief Technology Officer Pradeep Desai has said. Desai further said that DP World has handled nearly 28 per cent of India’s export-import volume, through its terminals.” So, there’s a massive amount of infrastructure capital that has been infused on the business side and there is robust hiring at an operational level,” he told a group of visiting Indian journalists. He said there is a lot of job creation that is happening on the business side.

GameStop Trims Headcount with Q3 Numbers Round the Corner

Shares of meme mania favorite GameStop (NYSE:GME) are in the green today ahead of its quarterly numbers tomorrow. Importantly, GME has undertaken a headcount trim, according to Axios. Reportedly, GME’s team working on its blockchain wallet has seen a substantial impact as a result. Separately, GameStop is set to...

Buzzfeed slashes team by 12 per cent in bid to save cash

Buzzfeed will cut 12 per cent of its headcount in a desperate push to slash costs in the face of economic uncertainty. In a note written to staff, the firm said revenues had been battered by a “combination of worsening macroeconomic conditions, and the ongoing audience shift to vertical video”.

Carousell cuts 10% of total headcount, including about 50 job roles in S’pore

SINGAPORE – Domestically grown online marketplace Carousell cut 110 jobs on Thursday. This represents his 10% of the company’s total headcount as part of an effort to keep costs down amid bleak growth prospects. Only some business units will be affected, co-founder and chief executive officer Quek Siu...

Singapore's Carousell Group cuts 10% of total headcount, Co-Founder says 'deeply sorry'

Singapore-headquartered recommerce group Carousell announced the group is cutting 110 roles or about 10 percent of the company’s total headcount. “Together with my co-founders and group leadership, we decided to reduce the size of our team by about 110 roles, representing 10 percent of our group’s total headcount. Only teammates from some business units are affected,” its Co-Founder and Chief Executive Officer Quek Siu Rui said in a post on its website last Thursday (Dec 1). ” Only teammates from some business units are affected.”

Bybit CEO to Lay Off Up To 30% of Global Headcount

The planned downsizing will be across the board. Bybit promised the impacted colleagues a smooth process. A recent story states that the derivatives exchange Bybit revealed intentions to downsize its employees on December 4. This is allegedly a part of the company’s ongoing restructuring. The layoff percentage is a startling 30%. Bybit already had a layoff this year in June.

Tech Layoffs Double From October To November As Doordash Cuts Headcount

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Headcount: Firings, Hirings, and Retirings — November 2022

Here are some of the latest executive hirings, promotions, and staff changes that happened in November. If you’d like SDxCentral to report on your company’s movers and shakers, or if you’ve got a tip about layoffs and restructuring, please send the information to Julia King ([email protected]) for inclusion in the monthly headcount column.

SQZ Biotech slashes headcount by 60% as founder/CEO hits exit — while Synlogic lays off 25%

It’s a tough time for early-stage companies developing highly promising, but largely unproven, new technologies. Just ask SQZ Biotechnologies and Synlogic. The former is bidding farewell to its founder and CEO and slashing the headcount by 60% as it pivots from its original cell therapy platform to a next-gen approach; the latter — a synthetic biology play founded by MIT’s Jim Collins and Tim Lu — is similarly “optimizing” the company to focus on lead programs. The resulting realignment means 25% of the staffers will be laid off.

Be a part of the Quick Brokerages 2023 report

Insurance coverage Enterprise America’s Quick Brokerages 2023 listing is coming into its remaining levels. To be thought of, submit an entry via the on-line type that asks for particulars on headcount, income figures, and different milestones reached within the final 24 months. All figures should relate to the corporate’s operations throughout the US.

Enterprise Software Stocks Gets Price Targets Cut Ahead Of Earnings

Keybanc analyst Michael Turits maintained Salesforce Inc (NYSE: CRM) with an Overweight and lowered the price target from $210 to $200. Turits reiterated estimates ahead of 3Q earnings but trimmed FY24 estimates to reflect near-term concerns. Turits is positive on the long-term outlook for Salesforce as front office applications leader...

Adyen shares rise after New Street initiates coverage with Buy rating By — Shares in Adyen NV (AS:) climbed after New Street Research initiated its coverage of the Dutch payments firm with a “Buy” rating. In a note to clients, the analysts argued that the firm is set to grow despite posting a first-half profit miss that stemmed from an unexpected acceleration in hiring. They added that this move runs counter to Adyen’s rivals, including American-Irish financial services company Stripe, which have pulled back on spending and reduced headcount.

Carousell cuts 10% of total headcount to reduce costs

SINGAPORE: E-commerce platform Carousell announced it is cutting 10 per cent of the group’s total headcount, or about 110 roles, as part of efforts to cut costs. The company’s chief executive Quek Siu Rui said on Thursday (Dec 1) that only employees from some business units were affected. Those affected were informed by email and were also invited to a meeting with a team leader and a human resources business partner.