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Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share (Bloomberg)

Bloomberg : Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 ...

19 January 2024

Wayfair plans to lay off 1,650 employees, or 13% of its staff, which it says will result in $280M+ in annual savings; Wayfair cut 1,750 jobs in 2023 (Granth Vanaik/Reuters)

Granth Vanaik / Reuters:
Wayfair plans to lay off 1,650 employees, or 13% of its staff, which it says will result in $280M+ in annual savings; Wayfair cut 1,750 jobs in 2023  —  Online furniture retailer Wayfair (W.N) said on Friday it would lay off about 1,650 employees, or 13% of its global workforce, as it looks to trim costs.

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