Disney will announce a significant restructuring in which it will eliminate 7,000 jobs and save $5.5 billion. Disney had previously stated that it intended to restructure into three segments while also laying off thousands of employees and reducing expenses. According… Read More ›
This year, Apple CEO Tim Cook’s annual salary will be reduced by more than 40%. According to the technology giant, Mr Cook requested the cut in response to shareholder criticism. The compensation committee at Apple awarded him a total “target… Read More ›
With the global fast food chain McDonald’s refocusing its priorities to accelerate restaurant expansion, the brand is contemplating cutting down jobs to reorganize the company, according to CEO Chris Kempczinski. The fast-food corporation stated that the job cuts are not… Read More ›
According to an internal posting of reporting lines examined by Reuters, Tom Zhu, the CEO of Tesla Inc. in China, has been promoted to assume direct management of the electric carmaker’s U.S. assembly plants as well as its sales operations… Read More ›
This year, more Southeast Asian tech startups laid off workers as macroeconomic headwinds widened losses and venture capitalists pushed startups to extend their runways. Carousell, the online marketplace, announced last week that it was laying off 10% of its workforce,… Read More ›
According to a significant new Microsoft survey, managers and employees have fundamentally different opinions about productivity when working from home. Bosses question whether remote work is equally productive as being in the office. While 87 per cent of employees believed that… Read More ›
Fifteen Black former or current Tesla employees filed a complaint against the electric car company, citing racial discrimination and harassment at its plants. According to the lawsuit filed in a California state court, the workers said they were subjected to… Read More ›
BT and Ericsson have struck a multi-million pound partnership agreement to offer private 5G networks to businesses across Britain, enabling them to deploy Internet of Things (IoT) and other technologies securely and swiftly. Private 5G networks mirror public 5G, but connectivity is… Read More ›
On Tuesday, in a significant development Israel has signed a free trade agreement (FTA) with the United Arab Emirates marking its first big trade accord with an Arab state. The agreement sees removal of tariffs as well as a boost… Read More ›
On Tuesday, EU leaders have “in principle” reached an agreement to ban oil imports from Russia, said European Commission chief Ursula von der Leyen. “I am very glad that the leaders were able to agree in principle on the sixth… Read More ›
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