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Garry Tan, who heads up Y Combinator, has since deleted his pretty dark tweet, but the drama was the talk of the town this week.

South Dakota Investment Council acquired a new position in shares of REX American Resources Co. (NYSE:REX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,521 shares of the energy company’s stock, valued at approximately $1,854,000. South Dakota Investment Council owned […]

Financial companies cut more jobs in January than in any month since September 2018, shedding 23,238 jobs during the first month of the year.

Block, whose subsidiaries include Cash App and Square, is laying off employees, according to an internal memo.

Last year, tech giants like Meta, Amazon, Google, and Microsoft laid off employees and saw their stock prices rise. This year, they are making smaller, targeted job cuts while focusing on key products like AI. Smaller tech startups are also slashing jobs to survive. The layoffs are a correction after years of a booming global economy and near-zero interest rates. Tech executives are now admitting to over-hiring during the pandemic. In the first 30 days of 2024, approximately 100 tech companies have seen 25,000 job cuts. Consolidation and cost-cutting are expected to continue in the industry.