Automattic, the company behind WordPress.com and others, has started layoffs affecting multiple teams including communications and marketing. These cuts follow a turbulent period marked by a failed board attempt to remove CEO Matt Mullenweg, resulting in a full board turnover and executive departures. The layoffs are expected to continue as the company aims to boost Q4 revenue ahead of a debt renegotiation in June. CEO Mullenweg downplayed the layoffs initially but has since shifted focus to other priorities like a PHP security issue.
Automattic's recent layoffs and board changes provide context for readers following tech companies. For readers following Technology-sector stocks, here is Pluang's market snapshot as of Oct 22, 2026 02:51 WIB: out of 150 priced US stocks, 122 rose and 26 fell. Notable movers include FIRY at USD 11.77 with an 8.88% increase and a typical hold time of 14 days, APLD at USD 20.97 up 8.48% with 89% sell order activity, and ZS at USD 231.91 rising 8.11% with 92% sell order activity.
ChowChow Cloud International Holdings Limited announced that its previously planned private placement of 862,069 shares at $0.58 each, totaling $500,000, has not closed because the investor has not paid the full amount. The company has informed the i...
Brown & Brown, Inc. announced a 9% increase in its quarterly cash dividend to $0.18 per share, payable on November 11, 2026, to shareholders of record as of November 4, 2026. This marks the company's 33rd consecutive year of dividend increases, refle...
Axe Compute Inc. announced that its Compensation Committee approved stock option grants totaling 100,000 shares to three newly hired non-executive employees as inducements for joining the company. The options were granted on October 15, 2026, with an...
StorageVault Canada Inc. announced a 9.0% increase in year-to-date revenue and an 8.7% rise in net operating income (NOI) for Q3 2026, with adjusted funds from operations (AFFO) up 7.8%. Despite a challenging economic environment, strong customer dem...
National Healthcare Properties (NHP) announced that Lindsay Gordon, its Executive Vice President and Head of Senior Housing, has been elected to the executive board of the American Senior Housing Association (ASHA). ASHA is a leading national organiz...
