Walmart Inc. stated on Wednesday that the business would be under pressure from inflation this year and that it would reduce recruiting while developing its automation technology. “We believe, over time, the number of associates will grow, but at a… Read More ›
After failing to find a funding reprieve, Virgin Orbit will cease operations “for the foreseeable future,” CEO Dan Hart announced during an all-hands meeting on Thursday. Nearly all of the company’s employees will be let go. “Unfortunately, we’ve not been… Read More ›
After UBS saved Credit Suisse through a government-mediated rescue, which tarnished the nation’s long-held pride in its banking prowess, Switzerland awoke to a new era on Monday. An association of bank employees expressed its shock at the potential outcomes of… Read More ›
Since 1945, women have held only 12% of the top jobs at 33 of the world’s largest multilateral institutions, and more than a third of those bodies, including all four major development banks, have never been led by a woman,… Read More ›
As Europe’s top economy emerges from the energy crisis, activist investors are resuming their years-long efforts to break up some of Germany’s most venerable companies. They see streamlining as a promising path to reviving share prices. This week, investors demanded… Read More ›
Google executives are aware that Bard, the company’s artificial intelligence search engine, doesn’t always provide accurate results. Employees are responsible for fixing at least some of the incorrect responses. In a Wednesday email to staff members, Google’s vice president for… Read More ›
According to the company’s new CEO, Toyota Motor Corp. will increase its battery-electric offerings by concentrating on its luxury Lexus brand, but it will stick to its long-standing strategy of investigating other technologies. Koji Sato, who will take over as… Read More ›
According to a survey released on Monday, British employers expect to raise wages for their employees by the most in at least 11 years, but the 5% pay increases would still fall well short of expected inflation. The Chartered Institute… Read More ›
Even though VinFast, a Vietnamese manufacturer of electric vehicles, is reducing its workforce in North America, the company has stated that it is still on track to begin production in the United States by 2024. The nation’s first domestic automaker… Read More ›
Zoom, a well-known provider of video conferencing services that saw a surge in remote work during the Covid pandemic, is dismissing 1,300 employees. About 15% of its staff will be impacted by the change, which comes as user growth and… Read More ›
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