MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies

• Chevron will slash up to 20% of its workforce as part of cost-cutting plan

  The layoffs will begin this year with most of the cuts complete before the end of 2026.
  
  CNBC - Feb. 13
• 

  Chevron to slash up to 20% of its workforce

  US oil group announces cuts despite Donald Trump’s exhortation to ‘drill, baby, drill’
  
  Financial Times - Feb. 12
• 

  Chevron to lay off up to 20 percent of its workforce

  Chevron plans to lay off up to 20 percent of its workforce, according to a company spokesperson. Vice Chairman of the Chevron Corp., Mark Nelson, said that the company "is taking action to simplify ...
  
  The Hill - Feb. 13

• Fintech unicorn Zepz to lay off 20% of its global workforce, sources say

  London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.
  
  CNBC - Feb. 12

• Super Micro cuts its outlook — but there’s a silver lining supporting its stock

  Super Micro predicts far more revenue for its next fiscal year than analysts were projecting. The company also expects to submit its delayed annual filing by the Feb. 25 deadline.
  
  MarketWatch - Feb. 12

• Lyft has ‘no obvious answers’ for its growth woes, as its stock declines

  One issue for Lyft is a downturn in pricing trends, which numerous analysts keyed in on as they looked to make sense of the path forward.
  
  MarketWatch - Feb. 12
• 

  Blue Origin Cuts 10% of Its Employees

  In an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.
  
  The New York Times - 6d
• 

  Don't buy Greenland: Support its independence and a strategic partnership

  A strategic arrangement involving U.S. security guarantees as well as a huge investment commitment could bode well for Greenland and the U.S.
  
  The Hill - Feb. 13

• Arm shares rise on report that Meta will buy its first chip

  Arm shares rose 5% after a Thursday report that it was developing its own chip and that it had secured Meta as one of its first customers.
  
  CNBC - 6d

More from MarketWatch

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• The Chips Act may be dead. That’s another big hurdle for semiconductor stocks.

  Moves expected by the Trump administration to gut a key government scientific agency could bring another challenge for semiconductor and chip-equipment companies — and their stocks.
  
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• Should you be worried about Elon Musk’s DOGE accessing your Social Security information?

  Attempts by the so-called Department of Government Efficiency, or DOGE, to seek access to the Social Security Administration’s database have sparked concern that it could compromise people’s ...
  
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• Hasbro’s stock rallies as it shrugs off tariff impacts on new product launches

  Hasbro said it’s diversifying its manufacturing footprint, with plans to move from 50% of its U.S. toy and game volume originating from China to under 40% over the next two years.
  
  MarketWatch - 1h

• No, ‘DOGE’ cannot save Social Security or Medicare

  I don’t care how many dead people they think they see in the Social Security system — the numbers aren’t there.
  
  MarketWatch - 1h

More in Business

• Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

  The Treasury Department set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a block on enforcement.
  
  CNBC - 12m

• Palantir shares drop 7%, falling for a second day, as retail traders' latest cult obsession starts to unwind

  Wednesday's decline came as investors keyed in on the CEO's new stock sale plan and the possibility of defense cuts.
  
  CNBC - 15m

• New York Gov. Hochul will not remove Mayor Eric Adams 'right now'

  The DOJ is seeking to dismiss its criminal case against Adams, citing the need for his cooperation on Trump immigration enforcement policies.
  
  CNBC - 21m
• 

  Airbus Says U.S. Tariffs Would Be ‘Lose-Lose’ for Airline Industry

  The European airline maker, which is Boeing’s chief rival, said it would adapt to any new tariffs, including passing on costs to its customers.
  
  The New York Times - 21m
• 

  Walmart Racks Up Sales Record but Sees Slower Growth Ahead

  The retail giant continues to attract shoppers from across the income spectrum, but faces headwinds from stubborn inflation and the risk of tariffs.
  
  The New York Times - 25m