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Silicon Valley Bank’s Acquisition Fallout: Rising Unemployment and Uncertain Future First Citizens BancShares Inc., the new Silicon Valley Bank (SVB) owner, has announced the layoff of approximately 500 former SVB employees, further exacerbating the...
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Even Amazon isn’t immune to the worsening economy. As the global economy remains in the grips of inflation and potential recession, even the largest, most powerful companies have been forced to cut back and...
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Store employees are worried layoffs may follow a merger. Recently, two of the largest grocery supermarket chains in the United States, Kroger and Albertsons, announced their intents to merge into a single, currently-unnamed entity....