2023-02-08 16:13:42 AFRM Affirm
02/08/23 02/0816:13 02/08/2316:13 | Affirm to reduce workforce by 19%, effective todayAffirm CEO Max Levchin said, "Today, we are reducing the size of our team by 19%. This was the single most difficult decision I have had to make since Affirm's founding, but I believe it is the right one. I take full responsibility for it and the actions that led us to this point. Growing rapidly over the last few years, and especially through the pandemic, we hired ahead of the revenue required to support the size of the team. This was a deliberate decision, as Affirm's opportunities are compelling and plentiful. The volume growth and strong unit economics we posted gave us confidence in this approach and a clear path to our profitability objectives. In a period of increased economic uncertainty, we are doubling down on our core businesses, delaying projects with less certain revenue timelines, and aligning our operating expenses with revenue. Concurrent with reducing our workforce, we are sunsetting several initiatives, such as Affirm Crypto." |
|
---|
Hot Stocks
|
Nano Dimension files lawsuit against Murchinson, Anson and Boothbay »
13:08 03/27/23 03/2713:08 03/27/2313:08
NNDM
Nano Dimension
Nano Dimension has filed… Story temporarily locked. ShowHide Related Items >><<
|
Upgrade
|
Novartis upgraded to Hold at Deutsche Bank after Kisqali's 'positive surprise' »
13:07 03/27/23 03/2713:07 03/27/2313:07
NVS
Novartis
Deutsche Bank upgraded… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Compass Pathways management to meet virtually with Cantor Fitzgerald »
13:06 03/27/23 03/2713:06 03/27/2313:06
CMPS
Compass Pathways
Virtual Meetings to be… Story temporarily locked. ShowHide Related Items >><<
|
Options
|
PVH Corp. options imply 5.1% move in share price post-earnings »
13:04 03/27/23 03/2713:04 03/27/2313:04
PVH
PVH Corp.
Pre-earnings options… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
CN, Trealmont, Kaptan plan for new Calgary intermodal transload facility »
13:02 03/27/23 03/2713:02 03/27/2313:02
CNI
Canadian National
CN, Trealmont Transport… Story temporarily locked. ShowHide Related Items >><<
|
Upgrade
|
Novartis upgraded to Hold from Sell at Deutsche Bank »
12:59 03/27/23 03/2712:59 03/27/2312:59
NVS
Novartis
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
BioMarin granted orphan status for DMD treatment »
12:58 03/27/23 03/2712:58 03/27/2312:58
BMRN
BioMarin
The FDA granted BioMarin… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Incyte granted orphan status for myelofibrosis treatment »
12:57 03/27/23 03/2712:57 03/27/2312:57
INCY
Incyte
The FDA granted Incyte… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Centene appoints Tanya McNally as Chief People Officer »
12:49 03/27/23 03/2712:49 03/27/2312:49
CNC
Centene
Centene announced the… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Kludein I Acquisition Corp trading resumes
12:43 03/27/23 03/2712:43 03/27/2312:43
NIR
Near Intelligence
ShowHide Related Items >><<
|
Conference/Events
|
Payoneer Global management to meet with Cantor Fitzgerald »
12:40 03/27/23 03/2712:40 03/27/2312:40
PAYO
Payoneer Global
Group luncheon meeting… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Kludein I Acquisition Corp trading halted, volatility trading pause
12:38 03/27/23 03/2712:38 03/27/2312:38
NIR
Near Intelligence
ShowHide Related Items >><<
|
Downgrade
|
Jounce Therapeutics downgraded to Neutral from Overweight at Piper Sandler »
12:37 03/27/23 03/2712:37 03/27/2312:37
JNCE
Jounce Therapeutics
Piper Sandler analyst… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Haynes management to meet virtually with Benchmark »
12:25 03/27/23 03/2712:25 03/27/2312:25
HAYN
Haynes
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
JPMorgan strategist says Q1 likely high point for equities this year »
12:24 03/27/23 03/2712:24 03/27/2312:24
$ECON
Economic Data
S&P 500
SPDR S&P 500 ETF Trust
JPMorgan's Global… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Vislink price target lowered to $1 from $1.25 at Alliance Global Partners »
12:19 03/27/23 03/2712:19 03/27/2312:19
VISL
Vislink
Alliance Global Partners… Story temporarily locked. ShowHide Related Items >><<
|
Technical Analysis
|
NASDAQ market internals summary »
12:17 03/27/23 03/2712:17 03/27/2312:17
$NSD
NASDAQ Market Internals
Volume is above average… Story temporarily locked. ShowHide Related Items >><<
|
General news
|
Fed's Barr repeated the line that the banking system is "sound and resilient," »
12:15 03/27/23 03/2712:15 03/27/2312:15
$ECON
Economic Data
Fed's Barr repeated… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Farmers Edge price target lowered to C$0.30 from C$0.45 at Raymond James »
12:14 03/27/23 03/2712:14 03/27/2312:14
FMEGF
Farmers Edge
Raymond James analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Knight Therapeutics price target lowered to C$6.50 from C$7.50 at RBC Capital »
12:13 03/27/23 03/2712:13 03/27/2312:13
KHTRF
Knight Therapeutics
RBC Capital lowered the… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Patriot Battery Metals price target raised to C$16.75 from C$16.50 at Canaccord »
12:12 03/27/23 03/2712:12 03/27/2312:12
PMETF
Patriot Battery Metals
Canaccord analyst Katie… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Osisko Gold price target raised to C$25.50 from C$23 at Canaccord »
12:10 03/27/23 03/2712:10 03/27/2312:10
OR
Osisko Gold
Canaccord analyst Carey… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Hammond Power Solutions price target raised to C$41.50 from C$29 at Canaccord »
12:10 03/27/23 03/2712:10 03/27/2312:10
HMDPF
Hammond Power Solutions
Canaccord raised the… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Copperleaf Technologies price target raised to C$6.25 from C$5.50 at Canaccord »
12:09 03/27/23 03/2712:09 03/27/2312:09
CPLFF
Copperleaf Technologies
Canaccord analyst Robert… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Disney to begin layoffs this week, CNBC reports »
12:08 03/27/23 03/2712:08 03/27/2312:08
DIS
Disney
Disney will begin… Story temporarily locked. ShowHide Related Items >><<
|