companies
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Disney Boots Marvel Entertainment Chairman Ike Perlmutter
Earlier this week, Disney warned it would be cutting 7,000 jobs, and it seems that directive went all the way to the top. As the New York Times reports, Isaac “Ike” Perlmutter, the 80-year-old chairman of Marvel Entertainment, has been let go.
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Silicon Valley Bank Rises From Dead With First Citizens Acquisition
Silicon Valley Bank, once triumphantly dubbed the “financial partner of the innovation economy,” before its recent historic collapse, is being acquired by First Citizens, a legacy banking institution founded in 1898. The new deal will see First Citizens take on the entirety of SVB’s loans and deposits just two weeks after the bank sent shockwaves…
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Listing Jobs but Not Hiring: Indeed Cuts 15% of Staff
Lots of tech company workers have found themselves unemployed recently. And with the likes of Amazon and Meta confirming new rounds of layoffs just this month — even more former employees of big tech are likely to be job hunting soon.
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Amazon CEO Andy Jassy Announces an Additional 9,000 Layoffs
In an email to staff this morning, Amazon CEO Andy Jassy announced another round of layoffs at the massive tech corporation — this time resulting in 9,000 Amazon employees losing their jobs. According to the memo, which was obtained by CNBC, the affected departments include Amazon Web Services, human resources, advertising, and Twitch live streaming.