cuts

American Airlines planes are seen at Philadelphia International Airport in Philadelphia, Pennsylavania on June 20, 2022. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images) ORG XMIT: 0 ORIG FILE ID: AFP_32CV4CW.jpg

American Airlines announces more cuts as travel demand keeps surging

American Airlines is the latest carrier to announce cuts to its schedule – primarily from its Philadelphia hub – even as demand for flights continues to soar. American, like many other airlines, downsized earlier in the pandemic and are now struggling to keep their operations running smoothly. “American has taken steps to size our airline for the resources we …

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EV maker Lucid again cuts production targets as logistics challenges cripple output

Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters Electric vehicle maker Lucid Group again cut its production targets …

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Robinhood cuts nearly a quarter of its staff as the pandemic darling loses its shine

People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood in New York City after the company went public on July 29, 2021. On Tuesday, the company said it was cutting nearly a quarter of its staff. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images People wait in …

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Robinhood Crypto Fined $30 Million by New York Regulator, Cuts 23% of Its Workforce

Photo: Oliver Douliery (Getty Images) Robinhood, the self-proclaimed ‘Democratized Finance’ app accused of misleading and ripping off retail investors will have to cough up another $30 million to appease regulators. That raises the company’s overall regulatory penalty and settlement tab well above $100 million. In a filing Tuesday, the New York State Department of Financial …

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