
Opendoor CEO Unveils Radical Plan to Save Real Estate Firm
Facing persistent losses, Opendoor's new CEO Kaz Nejatian is rolling out a radical turnaround plan involving a 20% staff cut and a shift to a high-volume sales model.
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Facing persistent losses, Opendoor's new CEO Kaz Nejatian is rolling out a radical turnaround plan involving a 20% staff cut and a shift to a high-volume sales model.

Arkansas Blue Cross & Blue Shield has announced a strategic affiliation with Cambia Health Solutions to manage its operations amid rising healthcare costs.

A new report shows nearly 40% of large corporations are downsizing office space, embracing hybrid work to cut costs and attract a wider talent pool.

Global Tech Ventures has announced a major strategic pivot, revealing plans to spin off its legacy enterprise software division into a new independent company.

First Citizens Bank is implementing a major expansion on the West Coast, driven by its 2023 acquisition of Silicon Valley Bank, to serve the tech and venture capital sectors.

Global Standard Bank has announced InnovaVest AI, a new platform using artificial intelligence to provide sophisticated investment tools to retail customers.

David Lloyd Clubs has announced a £250 million investment plan to open 20 new health and wellness clubs across the UK and Europe over the next three years.

David Lloyd Clubs has announced a £100 million investment plan for facility upgrades across the UK and strategic expansion into new European markets.

Global tech firm Innovate Corp will cut 12,000 jobs, representing 8% of its workforce, as it pivots to invest heavily in artificial intelligence.

Nubank, the Latin American digital banking giant with nearly 123 million customers, has applied for a U.S. national bank charter to expand its operations.

Toronto-Dominion Bank has unveiled a plan to cut up to C$2.5 billion in annual costs and has reinstated its long-term growth targets after a major US settlement.

Private equity-owned Yahoo is exploring strategic options, including a potential sale or merger, to bolster its digital advertising and content businesses against competitors like Google and Meta.