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Developments (3)
Multiple reports about the same development are grouped; each source is retained.- CWT Italia redundancy plan revoked, talks continuelabor dispute
CWT Italia, an Amex GBT unit now under Long Lake ownership, revoked an Oct 4 plan to cut 190 of its 429 staff on Oct 23 after union pushback, but at talks on Oct 30 it maintained that it has a staff surplus; further meetings are set for Nov 9, 12, 17 and 24. Unions describe it as one of the first cases of AI affecting jobs; that is the unions' framing, and we found no Long Lake or Amex GBT statement linking the plan to AI.
Public launch announced April 29, 2025.
- Funding announcementfinancing
Company announced $50m cumulative venture financing, latest round Series C, at $500m valuation.