Dropbox cuts its workforce by 20 percent in latest round of layoffs Image: DropboxDropbox is cutting its workforce by 20 percent today — laying off 528 people — amid slowing growth for its core cloud storage business. The latest round of cuts comes after Dropbox laid off around 500 people in early 2023 to redirect efforts to its AI division. “We’re making more significant cuts in areas where we’re over-invested …

Evans says Man United job cuts ‘difficult to see’ Jonny Evans said it has been “hard” to see Manchester United staff lose their jobs as part of the INEOS-led cuts.

China Unexpectedly Cuts Interest Rate as World Markets Sag The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down.

Swan Bitcoin Drops IPO Plan, Cuts Staff and Will Shut Managed Mining Unit

Bangladesh Sharply Cuts Quota System That Sparked Protest A court ruling has sharply reduced a quota system for filling government jobs, after protests over the issue turned violent and were brutally suppressed.

Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a row.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed’s 2% goal.

Hendrick cuts sponsor after Hooters can’t pay bills Hendrick Motorsports has dropped longtime sponsor Hooters, saying the restaurant chain could not pay its bills amid reports that it closed more than 40 locations.

House G.O.P. Pushes Deep Cuts to Federal Law Enforcement Republicans put forward a spending bill that would slash funding for federal law enforcement, though they failed to find a way to defund the special counsel prosecuting former President Donald J. Trump.

Why the Stock Market Has Risen Even With No Fed Rate Cuts The S&P 500 has been buoyant mainly because of A.I. fever, while bonds are having another mediocre year. But as an investor, our columnist is staying the course.

Wage Growth Exceeds Forecasts, Potentially Deterring Fed Rate Cuts The latest data could add to fears that the labor market remains too hot to bring inflation fully under control.

E.C.B. Is Likely to Leapfrog the Fed on Interest Rate Cuts With eurozone inflation falling, the European Central Bank has signaled it is ready to lower rates this week, diverging from the U.S. Federal Reserve.

Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem Tesla’s announcement Monday that it is cutting jobs sent the shares down nearly 6%, continuing the year’s sell-off.

Sources: A-Rod, Lore eyed cuts to Wolves payroll As part of a failed bid to assume majority ownership of the Timberwolves, Marc Lore and Alex Rodriguez submitted projections forecasting a retreat in payroll that Glen Taylor believed would jeopardize the team’s ability to vie for a title, sources said.

Wall Street’s Big Rethink on Interest Rate Cuts Investors see Wednesday’s Consumer Price Index report as a pivotal report card on inflation and the Federal Reserve’s next move.

What are your favorite deep cuts? I love deep cuts. Those diamonds in the rough, the forgotten gems, the lost favorites. I thought about this when I realized that one of my favorite songs from the revered goth godfathers, Bauhaus, has less than 1/1000th the number of plays on Spotify as the lead single on the release it’s on (Departure, a b-side on the She’s In Parties single), …

Tesla Drastically Cuts Model Y Prices Because Inventory Is At Record Levels Tesla is taking a buzzsaw to the price of its best-selling Model Y electric crossover in an attempt to clear out its biggest-ever inventory stockpile. The Austin, Texas-based automaker is dropping prices after it produced 46,561 more vehicles than it delivered in the first quarter of 2024. That means it has more cars… Read more…

Proposed NYPD Budget Cuts Lead to Distress and Skepticism In the Police Department, the rank and file is hearing rumors of buyouts and demotions, but many see the mayor’s plan to shrink the department as a political tactic.

You Thought Max Removed a Ton of Content? Get a Load of These Paramount+ Cuts submitted by /u/mrnicegy26