Cannabis companies and investors have overextended themselves, driven by the "exuberance" that comes with an emerging market and an attractive story.
The company is “the latest manufacturer to exhibit signs of strain at a time of weakness for the industrial economy."
The bank is laying off about 2% of its workforce in a move that reflects its concerns over the economic outlook.
The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.
“We have a clear plan to increase our market share, while at the same time enhancing our margins and reducing our corporate overhead."
The company is regrouping as it faces a decline in the printing business that was once its biggest moneymaker.
"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
Deutsche Bank CEO: "Saying goodbye to Wall Street is absolutely the wrong assessment."
The shares had their worst day in 30 years after the company missed earnings estimates and announced plans to lay off 2,000 workers.
The unemployment rate remains at historically low levels amid the mixed labor numbers.
The layoffs of about 100 senior-level staff will allow the retailer to move faster, reduce costs, and be more responsive to changing customer expectations.
Most of the job cuts will come from support staff as the video game publisher prioritizes investment in its biggest franchises.
