This Week
JPMorgan Chase
JPMorgan Chase eliminated 63 positions at its Jersey City office starting August 19, 2026, marking the fifth workforce reduction notice this year and bringing total cuts at that location to 541 positions.
Merck & Co.
Merck & Co. is conducting layoffs in New Jersey as part of its $3 billion cost-cutting plan announced in July 2025, representing the latest phase of headcount reductions.
Dropbox
Dropbox announced job cuts affecting 16% of its workforce. CEO Drew Houston cited stalling profits and economic downturn as reasons, with a strategic pivot toward AI-driven initiatives.
Aetna
Aetna announced 313 permanent layoffs affecting its Hartford office as part of CVS Health's broader restructuring to reduce 2,900 corporate jobs nationwide amid rising medical costs and business refocusing.
Epic Games
Epic Games announced layoffs affecting more than 1,000 employees as part of broader tech industry workforce reductions amid AI adoption.
Neptune Insurance Holdings Inc.
Flood insurance company Neptune Insurance Holdings Inc. filed for an IPO seeking to raise $368.4 million, demonstrating growing revenue and shareholder demand.
Ethos Technologies
Ethos Technologies, a Sequoia-backed life insurance technology company, filed to go public with a $1.3 billion valuation, targeting $210 million in IPO proceeds on Nasdaq under ticker LIFE.
Karman Line Acquisition
Karman Line Acquisition, a blank check company targeting aerospace and defense, filed for an IPO to raise $200 million.
Orion180 Insurance Group Inc.
Orion180 Insurance Group filed an SEC registration statement for a proposed IPO targeting up to $100 million, planning to list on Nasdaq under ticker OIG.
Saviynt
Saviynt raised $700 million in Series B growth equity financing led by KKR to expand product development, AI utilities, and SaaS platform integrations.
Entrata
Entrata, a multifamily rental property management software platform, filed for an IPO estimated to raise $500 million and plans to list on the NYSE under ticker ENT.
Hyundai Motor India
Hyundai Motor India filed for an IPO valued at $2.9 billion, expected to be the largest in Indian market history, diluting 17.5 percent ownership.
XPeng Robotics
XPeng Robotics raised over $900 million in Series A financing, valuing the humanoid robotics and embodied AI startup above $6 billion, with plans for commercial robot sales beginning in 2027.
Carlsberg India
Carlsberg A/S confidentially filed draft papers for an IPO of its India unit, targeting up to $700 million in proceeds.
INDO-MIM
INDO-MIM, a major metal injection molding manufacturer, filed for a $113 million IPO in India to expand metal operations including 3D printing capabilities.