Netflix lays off 300 employees in second round of job cuts

Netflix Inc. announced a layoff of about 300 people on Thursday, its second significant staff reduction in recent weeks. “Today we sadly let go of around 300 employees,” a Netflix NFLX, -0.22% spokesperson told MarketWatch. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in … Read more

Disney is seeing ‘resilient’ theme-park attendance despite turbulent economy, says analyst

In the face of turbulent economic times, Walt Disney Co.’s theme-park business could still see some magic. Bank of America’s Jessica Reif Ehrlich wrote Thursday that attendance at Disney DIS, -0.43% parks “remains resilient despite recent macro volatility as visitors rarely cancel trips once booked.” She added that the company move to cancel Disneyland annual … Read more

FactSet Research 3Q Profit Falls on Real-Estate Charges

By Will Feuer FactSet Research Systems Inc. posted a lower fiscal third-quarter profit despite higher sales, as charges tied to trimming the company’s real-estate footprint in the age of hybrid work took a toll. The Norwalk, Conn.-based company, whose offerings include analytics and data products, said net profit was $ 74.9 million for the quarter … Read more

More Companies Start to Rescind Job Offers

Businesses in several different industries are rescinding job offers they made just a few months ago, in a sign the tightest labor market in decades may be showing cracks. Companies including Twitter Inc.. real-estate brokerage Redfin Corp. and cryptocurrency exchange Coinbase Global Inc. have rescinded offers in recent weeks. Employers in other pockets of the … Read more

Market Turmoil Pummeled Stocks of Private Equity Firms. Why It’s Time to Buy.

TPG said Tuesday it was buying Convey Health Solutions Holdings, a healthcare technology company, for $ 10.50 a share, or $ 1.1 billion. Dreamstime Text size This year’s market downturn has pummeled shares of publicly traded private equity firms, but the group, which includes TPG and Carlyle Group , ultimately is expected to gain from … Read more

‘People are still spending money. Most people who want a job, have a job ‘: Small-business owners worry about a recession, but most still feel confident they will survive one. Here’s why

Small business owners say they have one more item to add to their list of worries: recession. More than four in five small business leaders say they worry that a recession will hit the economy soon and it will impact their businesses, according to a new survey by online business-banking platform Kabbage, a checking-account service … Read more

School districts, hospitals are in the housing business and becoming landlords

“I never thought I’d be doing this,” said Randi Lowe as she reviewed a spreadsheet of southern Vermont homes available for rent or sale. Lowe isn’t in the real estate business – she’s the superintendent of a Vermont public school system. But for the past few months, she and her staff at the Bennington-Rutland Supervisory … Read more

ODP Shares Lower After Board Elects to Retain Consumer Business

By Michael Dabaie ODP Corp. shares fell 14% to $ 30.20 after the business services and supplies company said it won’t divest or separate its consumer business. ODP’s board in January delayed an announced separation to evaluate a potential sale of its consumer business. ODP said it completed a review of public and private non-binding … Read more

Three alternatives to a small-business loan

Banks and credit unions tend to offer the most affordable business financing – if your business can qualify. Only a fraction of small-business loan applications are approved, and this disparity is getting worse. According to the Federal Reserve’s 2022 Small Business Credit Survey, approval rates from both small and large banks declined from 2019 to … Read more Considers a Move Into Competitive Food Delivery Business in China

Text size stock rose after a company executive said in a TV interview that the Chinese e-commerce giant may move into on-demand food delivery in China. Giulia Marchi / Bloomberg is considering expanding into on-demand food delivery service, a top executive of the Chinese e-commerce giant said in a Bloomberg TV interview. Such … Read more