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Tag Archives: clusterstock

$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn't impacted by the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn’t be affected by the coronavirus. The cuts hit across departments, including …

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Leaked memo shows how Knotel's CEO planted a feel-good story and his playbook for burying news about job cuts at the flex-office startup

KnotelKnotel laid off and furloughed a total of 50% of the company’s staff on Friday.Knotel laid off and furloughed a total of 50% of the company’s staff on Friday.Days earlier, Knotel CEO Amol Sarva emailed staff with his playbook for media: get good news out ahead of layoffs and dealing …

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One of Canada's biggest banks has emerged as enemy No. 1 in a new battle between mortgage funds and the banks that give them financing

Wikimedia CommonsTwo real estate investment funds have sued Royal Bank of Canada, alleging that it moved to “unlawfully seize” securities the funds had pledged as collateral for short-term loans known as repurchase agreements. The funds sought an injunction to prevent RBC from selling some of the collateral at an auction …

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Days after laying off 20% of its workforce, Brookfield-backed Convene furloughs more than half of remaining employees due to coronavirus closures

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Here's how a new Barclays data-science team is fast-tracking research and finding the most useful stats to measure the economic impact of coronavirus

Barclays data science research group is still fairly new – having only been established in 2018 and publishing reports consistently since 2019. Ryan Preclaw and Adam Kelleher, who co-lead the group, spoke to Business Insider about how they adapted their approach over recent months to stay on top of the …

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Mortgage rates hitting record lows is more about coronavirus uncertainty than a good sign for the housing market

Associated Press Pike St. in downtown Seattle. The first week of March, as new circumstances of the novel coronavirus appeared in more US states and cities, the Federal Reserve minimize curiosity rates by zero.50% to attempt to shield the economic system from the disruption introduced on by the outbreak. Mortgage …

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Bank of America's CTO, who played a key part in a private-cloud strategy execs praised for saving billions, has left the bank

Bank of AmericaHoward Boville, chief know-how officer at Bank of AmericaBank of America’s chief know-how officer has left the agency, a particular person accustomed to the scenario confirmed to Business Insider. Howard Boville had been with bank since 2012 and helped lead Bank of America’s seven-year challenge of shifting 80% …

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Take a look inside the former home of ‘Wizard of Oz’ star Judy Garland. It just hit the market for $6 million and boasts 5 bedrooms, a pool, and a fruit orchard.

Todd Goodman/Berkshire Hathaway HomeServices California Properties The former home of Judy Garland. The late Judy Garland lived on this Hollywood Hills home from 1944 to 1948, in line with a report by People. Garland was an actress and singer who starred in lots of basic movies together with “The Wizard …

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How fintech Uncapped is disrupting venture capital by lending to fellow startups at a flat 6% fee

UncappedPiotr Pisarz and Asher Ismail, founders of UncappedLondon-based fintech startup Uncapped provides capital to different startup companies, however with out taking an fairness share.Unlike most conventional debt, the financing is iterated rapidly into a firm’s funds and accounting platforms and funds are made in accordance with income. “Founders need to …

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