Peloton CEO Barry McCarthy Blames Media After Firing More Than 4,500 Employees in 9 Months The first major layoff was in February, when the newly installed CEO eliminated more than 2,800 positions. Oct 9, 2022By Jacob J
Snap Fires More Than 1,200 Employees Amid Massive Revenue Loss and Share Sell-Off Snap, which has a total employee strength of 6,400, is laying off around 20 percent of the staff. Sep 1, 2022By Jacob J
Ford Fires 3,000 Employees as it Aims to Save $3 Billion; 2,000 Jobs Lost in Dearborn The job cuts will mainly affect employees in the US, Canada and India. Aug 23, 2022By Jacob J
Ecommerce Stores Witness An Increasing Conversion Rate With Sojas Media Customers value five things the most – quick service, smooth website navigation, cheaper items, responsive customer support, and high quality products Aug 22, 2022By IBT Desk
US Fitness Equipment Maker Peloton Fires 780 Employees, Closes Several Stores The company didn't specify how many of its 86 retail locations will be shut down. Aug 13, 2022By IANS
Walmart Slashes Earnings Outlook, Walton Family Fortune Plunges by $13 Billion The Walton family, which owns its Walmart stake through various trusts, has stepped up its stock sales in recent years. Jul 27, 2022By IANS
US Tech Behemoths Announce Layoffs, Hiring Freeze as Economic Gloom Worsens Data showed at the end of June that the US economy contracted in the first quarter at a faster rate than anticipated earlier. Jul 24, 2022By Jacob J Facebook
Is Vietnam Replacing China as World's Manufacturing Hub? Here's How Beijing is Losing Out Trade war with the US is not the only factor that cost China billions in investment. Jun 10, 2022By Jacob J
Netflix Cuts 150 Jobs Amid Erosion in Subscriber Numbers, Revenue and Market Value The company says the job cuts are a direct result of a slump in revenue. May 18, 2022By Jacob J Netflix
Elon Musk Will Assume Role of Twitter CEO After the $44 Billion Takeover Deal Closes - Report CNBC reported that Musk will not be in the CEO role for more than a few months. May 5, 2022By Jacob J Elon musk
Elon Musk Sells Around $4 Billion Worth of Tesla Shares in a Bid to Buy Twitter Following the revelations on Thursday, Musk tweeted, "No further TSLA sales planned after today". Apr 29, 2022By R. Ghosh Elon musk
Elon Musk Takes Control of Twitter as Board Accepts $44 Billion Offer; What Will Change Now Musk reiterates the need for free speech in the statement released after Twitter board accepts his $54.20-per-share deal. Apr 26, 2022By Jacob J Elon musk
Netflix Set for Reboot After Record Customer Loss and Share Wipe-out; What Subscribers Need to Expect To boost revenues in a challenging market, Netflix is also mulling ads to its platform, though this option was rejected in the past. Apr 20, 2022By Jacob J Netflix
Delving into Filip Boksa's Obsession in Building BookingKoala Obsession coupled with sacrifices and hard work makes one climb the ladder of success Apr 7, 2022By IBT Desk
Rank high in online searches through the power of SEO! The main advantage of SEO is that it helps to increase the visibility of your website in the search results page. Apr 5, 2022By IBT Desk