XOM - Arm's IPO Could Be Valued At $54B Google Slashes Jobs in Global Recruiting Starbucks Founder And Former CEO To Leave: Today's Top Stories | Benzinga
Financial Times
Investor Frenzy Over Arm's IPO Pushes Valuation To New Heights, Could Skyrocket To $54B
- The UK-based chip design firm Arm Holdings is gearing up for a blockbuster initial public offering that could value the company at a staggering $54 billion. The IPO is slated to be the most significant in the tech sector in two years.
- Arm and its parent company, SoftBank (OTC: SFTBF), are in the final stages of pricing their shares for the IPO.
Goldman Axed Top Banking Executive Amid Communication Violation Scandal
- Goldman Sachs Group Inc (NYSE: GS) has reportedly dismissed multiple employees from its budding corporate cash management division due to severe violations of its communications guidelines.
- Four workers were terminated, including the Bank's partner, Hari Moorthy, the global head of transaction banking.
- Earlier, banking institutions have paid fines for unapproved messaging apps such as WhatsApp to conduct company business.
CNBC
Hiring Pullback: Google Slashes Jobs in Global Recruiting
- Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google is undergoing a significant workforce reduction in its global recruiting department as part of a larger-scale hiring slowdown projected for the coming quarters.
- Despite the difficulty of this decision, Brian Ong, Google's Vice President of Recruiting, emphasized its necessity in light of the reduced hiring needs for the foreseeable future.
Benzinga
Starbucks Founder, Former CEO To Leave Company Immediately; Former Alibaba Exec Joins Board
- Starbucks Corp (NASDAQ: SBUX) announced on Wednesday that founder and former CEO Howard Schultz is leaving the coffee chain's board effective immediately.
- The move follows his departure as CEO in March of this year.
- Reflecting on his 41-year tenure, Schultz thanked the company's employees and shareholders, and gave his support for the next generation of Starbucks leadership.
Marvel's VFX Artists Vote for Unionization Amid Industry Labor Struggles
- Amidst the backdrop of ongoing labor strikes in Hollywood, Marvel Studios' visual effects (VFX) workers have voted unanimously in favor of unionization under the International Alliance of Theatrical Stage Employees (IATSE).
- This marks the first time a dedicated unit of VFX professionals has joined forces with the group.
- In recent years, VFX artists have grappled with mounting workloads and stringent deadlines while working on some of the industry's most high-budget franchise films. These challenges ...