Jan 17 Reuters Microsoft Corp plans to cut thousands of jobs with some roles expected to be eliminated in human resources and engineering divisions, according to media reports on Tuesday. The expected layoffs would be the latest in the U.S. technology sector, where companies including Amazon.com Inc and Meta Platforms Inc have announced retrenchment exercises in response to […]

Jan 17 Reuters Party City Holdco Inc filed for Chapter 11 bankruptcy protection on Tuesday, becoming the latest casualty among U.S. retailers in the aftermath of the pandemic, as it struggled with low demand and increased competition from online buying. Troubled retailers often seek bankruptcy protection after the holiday season to take advantage of any cash […]

Jan 17 Reuters Bankrupt crypto exchange FTX said in a report to creditors on Tuesday that about 415 million in cryptocurrency had been stolen in hacks. FTX has said it had recovered over 5 billion in crypto, cash and liquid securities, but that significant shortfalls remained at both its international and U.S. crypto exchanges. FTX attributed some […]

Jan 18 Reuters Cryptocurrency exchange Coinbase Global Inc on Wednesday said it will halt operations in Japan due to volatile market conditions. All Coinbase Japan customers will have until Feb. 16 to withdraw their fiat and crypto holdings, the company said in a blog post. Coinbase39;s decision to exit comes only a few weeks after rival exchange Kraken said […]