Oracle2026-09-14 13:23:19Oracle shares fall more than 5% premarket as fresh layoffs beginOracle fell more than 5% in U.S. premarket trading on Sept. 14, with Bitget market data showing the stock at $142.45. The move came as the company began a new round of layoffs, with a person familiar with the matter saying the cuts were expected to start on Monday this week. Internal documents indicate that some teams are facing layoffs in the double-digit percentage range. The latest cuts follow a plan Oracle had already drawn up in August to reduce payroll costs. That effort came as the company accumulated billions of dollars in debt to fund artificial intelligence infrastructure. Recent filings show Oracle’s workforce declined by 21,000, or 13%, in fiscal 2026 through May 31. Before the latest round started, the company said it had about 141,000 employees. Oracle has also taken on tens of billions of dollars in debt to build data centers tied to its bet on rising AI demand. The company reported first-quarter capital expenditures of $28.5 billion, up from $8.5 billion a year earlier, and kept its fiscal 2027 capex forecast at $90 billion to $95 billion.770
Bitcoin Suiss2026-09-14 09:03:21Bitcoin Suisse Plans to Move Up to 60 Swiss Jobs Overseas as It Expands Global Wealth PushBitcoin Suisse, one of the early firms in Switzerland’s Crypto Valley, is preparing to shift as many as 60 positions out of its Zug headquarters as it remakes itself from a Switzerland-focused crypto specialist into a broader global wealth manager. In comments reported by Finews, the company said back-office and administrative roles will be affected most, with those functions set to move to Bratislava, Slovakia, or to Vietnam, where it plans to establish a new site in the coming years. Employees were informed at a Friday morning town hall, and the final number of job cuts will be decided after a 10-day consultation period. Bitcoin Suisse told Finews that the first layoffs are expected before the end of the year. Group CEO and co-founder Andrej Majcen said the move is primarily about cost, arguing that the same services can be delivered much more cheaply in Bratislava and Vietnam, not because of the current crypto downturn. Founded in 2013, the company first built its business in crypto trading and custody, later adding staking and lending. It is now targeting wealthy private clients, family offices and institutional investors, while keeping Zug as its headquarters and retaining the Bitcoin Suisse brand. The firm has also secured regulatory approvals in Liechtenstein, Bermuda and Abu Dhabi as part of that expansion.860
Bitcoin Suiss2026-09-11 15:56:39Bitcoin Suisse to cut up to 60 jobs in Switzerland and shut Copenhagen IT development siteBitcoin Suisse said it plans to gradually consolidate software development and back-office functions into its international centers. The company said the move is intended to speed up expansion, widen access to talent, and invest more efficiently in future products. The layoffs are set to take effect after the consultation period ends on Sept. 20. Bitcoin Suisse also said it will close its IT development site in Copenhagen. The update was reported by Odaily.800
Bitcoin Suiss2026-09-11 15:59:30Bitcoin Suisse plans to cut up to 60 jobs in Switzerland as part of restructuringReuters reported that Swiss crypto company Bitcoin Suisse plans to cut up to 60 positions from its 120 employees in Switzerland as it restructures its business. The company said software development and back-office functions will be gradually consolidated into international hubs. It said the move is intended to speed up expansion, access a broader talent pool, and invest more efficiently in future products. The layoffs are set to take effect after a consultation period ends on Sept. 20. Bitcoin Suisse is also closing its IT development site in Copenhagen. The reported changes cover both staffing and operational structure, with the company tying the plan to its next stage of growth and product investment.830
PayPal2026-09-06 06:26:08PayPal Lays Off 251, Establishes Dedicated Crypto DepartmentPayPal has announced the layoff of 251 employees at its San Jose headquarters, affecting senior software engineers and product directors. This is part of a global reduction of 20% of its workforce, roughly 4,760 people, as the company restructures into three major divisions. The newly formed Payments Services and Crypto department will be responsible for the PYUSD stablecoin, reflecting the company's commitment to digital assets as a standalone business line rather than a peripheral project. The reorganization is expected to generate $1.5 billion in annual cost savings through AI integration and operational simplification.230
Volkswagen2026-09-04 14:12:16Volkswagen Board Approves CEO's Plan to Cut 50,000 JobsVolkswagen's board has approved a strategic restructuring plan proposed by CEO Oliver Blume, which includes eliminating approximately 50,000 jobs. The plan aims to enhance the company's competitiveness and profitability, but the large-scale layoffs are expected to have significant social and economic impacts. (Crypto Briefing)850
Uber2026-09-02 12:06:53Uber to Cut 3,300 Jobs, Allocate $10B for Self-Driving Taxi InitiativeUber announced it will lay off 3,300 employees, roughly 10% of its workforce, to free up capital for a $10 billion autonomous taxi strategy, which includes equity investments in electric vehicle makers Lucid and Rivian. (Crypto Briefing via Techub News)350
US jobs2026-09-01 14:16:47US July Job Openings Inch Up to 7.27 Million; Labor Demand StableUS job openings edged up in July, signaling that labor demand has remained broadly stable in recent months, according to a report from Chinese crypto news outlet BlockBeats citing Jinshi. The Bureau of Labor Statistics reported Tuesday that openings rose to 7.27 million from a downwardly revised 7.18 million in June, coming in below economists' median estimate of 7.31 million. The report shows the US labor market remains in the low-hiring, low-firing pattern that has defined much of the past few years. Employers are cautious about expanding headcount with geopolitical uncertainty and persistent inflation in the background, but they are also reluctant to lay off workers. Job openings increased mainly in manufacturing, state and local government (excluding education), and health care and social assistance. Layoffs fell to their lowest level since January, while the quits rate — the share of workers leaving their jobs voluntarily each month — slipped to 1.9%.910
