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The Lucid CEO said the company remains committed to expanding globally despite cutting headcounts. American EV maker Lucid Group Inc (NASDAQ: LCID) has revealed plans to reduce headcounts, dismissing about 18% of its workforce. The company announced the job cut in an SEC filing on the 27th of March. According to
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Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO. Alibaba Group Holding Limited (NYSE: BABA) recently announced plans to split into 6 business units, each capable of pursuing an IPO. According to the Chinese e-commerce giant, the move seeks to “unlock shareholder
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Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of $3 billion related to unregistered oil sales. Sunacrip
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As the country recuperates from the Covid-19 devastations, the crypto industry led by Bitcoin and stablecoins is expected to play a crucial role in uplifting the economic status of Venezuelan residents. The President of the Bolivarian Republic of Venezuela Nicolás Maduro has ordered the restructuring of the National Superintendence of Crypto
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Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog. The courts are expected to publish the order the same week, the blog post added. Trading in locked assets has been halted until 24 hours after the
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FLEX, the native token of the CoinFlex exchange, has risen by 21% after it emerged that a restructuring plan in the Seychelles had been approved. Source
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A move by Binance US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers.A Feb. 28 court filing shows an overwhelming majority of Voyager Digital account holders are in favor of the buyout from the United States-based arm of
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A majority of the company's creditors also voted to opt their claims into a "wind-down entity," according to a breakdown of votes included in a declaration by Stretto director Leticia Sanchez. In that tabulation, 65% of Class 3 Ballots, referring to account holder claims, voted to opt-in, while 85% of
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Vauld now has until March 24 to present its restructuring plan. Its existing legal protection from its creditors expires on Feb. 28. Source
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"Messari reduced our global workforce by 15% as part of a restructuring. This was a difficult, but long-term focused realignment that will help us better serve our customer’s data needs in the rapidly evolving economic and tech climate. We are grateful for the contributions of the employees we have parted
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