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Acquisitions

204 summarised stories about Acquisitions, each linking back to the original source. Browse all topics →

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Thursday, 1 October 2026

Snyk laid off over 200 employees, revenues top $300M

Tech.eu 2 weeks ago 8

Snyk laid off more than 200 employees earlier this year, according to a new Companies House filing. The filing says the reduction in force involved approximately 203 employees, about 20% of its global workforce, and Snyk reported 2025 revenue of $309m. Despite revenue rising 11% to that level, losses increased and the company took an expected $13.8m financial hit, while it continued investing in operations and expense streamlining.

Awkward: Saudi Arabia’s new EV brand takes on the U.S. rival it already controls

Rest of World 2 weeks ago 14

Ceer Motors, Saudi Arabia’s first homegrown electric-vehicle maker, unveiled two electric models in September and plans to deliver them in March 2027 while being backed by the same sovereign wealth fund that holds a controlling stake in Lucid. The deliveries are promised for March 2027. The setup creates an awkward overlap in the PIF portfolio as Ceer’s premium push targets the same luxury-EV niche Lucid sells into, amid Lucid’s sharp market and sales declines in Saudi Arabia.

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