Streetbeat News

Labor Issues

FLYW

Levi & Korsinsky has initiated an investigation into Flywire Corporation (NASDAQ:FLYW) for potential violations of federal securities laws. This follows Flywire's Q4 2024 financial results, which missed estimates, reported a $15.9 million net loss, and announced a 10% workforce reduction.

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March 10, 2025 | 8:30 pm

BAC

Bank of America has cut some investment banking roles, including positions in New York, as part of a restructuring effort.

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March 10, 2025 | 8:15 pm

AVGO

Broadcom has significantly reduced VMware's workforce by approximately 50% following its acquisition of the company in 2023. VMware initially had over 38,000 employees.

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March 10, 2025 | 5:30 pm

FLYW

Flywire Corporation (FLYW) is under investigation by Levi & Korsinsky for potential federal securities law violations. The company reported a Q4 2024 net loss of $15.9 million, missed estimates, and announced a 10% workforce reduction.

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March 10, 2025 | 2:45 pm

BYND

Beyond Meat, once a leader in the plant-based meat industry, is facing challenges with declining sales, layoffs, and factory closures, marking a shift from its initial post-IPO excitement.

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March 10, 2025 | 2:15 pm

INZY

Inozyme Pharma has reported its full-year 2024 financial results, highlighting strategic prioritization of its ENPP1 Deficiency program. The company completed enrollment in the ENERGY 3 trial and announced positive interim results from the ENERGY 1 trial. A 25% workforce reduction is expected to extend operations into Q1 2026.

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March 10, 2025 | 12:45 pm

FXR

The latest economic reports indicate a resilient yet cautious growth in labor, services, and manufacturing sectors. The labor market remains strong but shows signs of moderation.

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March 10, 2025 | 12:00 pm

FLYW

Levi & Korsinsky has initiated an investigation into Flywire Corporation for potential securities law violations. Flywire reported a Q4 2024 net loss of $15.9 million, missed estimates, and announced a 10% workforce reduction.

Portfolio Pulse from

March 07, 2025 | 8:15 pm

META

Meta reportedly maintains a 'do not rehire' list of former employees, which includes individuals with exceptional performance reviews. This revelation came to light when a former Meta engineer discovered they were on the list despite positive feedback from hiring managers.

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March 07, 2025 | 8:00 pm

META

The demand for data science skills is projected to grow significantly, with a 27.9% increase in jobs by 2026, driven by advancements in AI and generative AI.

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March 07, 2025 | 5:15 pm