Press Digest: Wall Street Journal - April 28
28/04/2023 05:20
April 28 (Reuters) - The following are the top stories
in the Wall Street Journal. Reuters has not verified these
stories and does not vouch for their accuracy.
- Gap Inc GPS.N said it is eliminating 1,800 jobs as part
of a broad restructuring aimed at making the company more nimble
and less bureaucratic.
- Dropbox Inc DBX.O will cut 500 jobs, about 16% of its
workforce, amid slowing growth and an industrywide push toward
artificial intelligence.
- Vice Media said it was restructuring its global news
operation, including shutting down its Vice News Tonight
broadcast, as the embattled media company looks to sell itself.
- Lyft Inc LYFT.O said Thursday that it is cutting over
1,000 additional jobs, days after a new chief executive took
over and following a round of layoffs of 700 people in November.
- Coinbase Global Inc COIN.O said Thursday it would
fight the Securities and Exchange Commission over the agency's
claim that much of its business is illegal and try to convince a
court that Wall Street regulators lack the authority to oversee
cryptocurrency markets.
- A U.S. appeals court on Thursday refused to revive a
lawsuit filed by states against Meta's META.O Facebook that
alleged the company had broken antitrust law.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))