In a memo to staff that was posted online, Conte said the company's core business is strong, but the platform has to respond to market changes and adjust its cost structure to remain stable.
BUSINESS
Stock futures climb as investors weigh Iran, Hormuz deal prospects: Live updates
Investors weighed signs of progress toward reopening the Strait of Hormuz against doubts that the U.S. and Iran can reach a broader resolution to the conflict.
CNBC·18h ago