Elon Musk wins securities fraud lawsuit over 2018 Tesla tweet
The jury in the case returned its verdict after two hours of deliberations and found shareholders had failed to prove Mr.Musk’s tweets about the company had made them lose billions.
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Software maker Autodesk cuts 250 jobs as tech layoffs continue
The company will reduce its workforce by under two percent
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Amazon to close some Fresh stores after big drop in full-year profits
CFO Brian Olsavsky says Amazon has “decided to exit certain stores with low-growth potential” as part of its extensive cost-cutting efforts.
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Nursing union leader calls for intervention by Rishi Sunak as biggest NHS strike in history starts
As the largest NHS walkout in history begins, a nursing union leader is pleading with the prime minister to step in.
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M&Co announces closure of all stores with 2,000 jobs to be lost
Since M&Co was unable to find a buyer, all of the stores will be closing.
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Google workers hold protests against mass layoffs and staff conditions minutes after $13 billion profit is revealed
The two-day rally started on Wednesday, February 1, at Google’s headquarters in Mountain View, California.
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Tinder parent Match Group cuts 200 jobs globally as user spending slows
The online dating service has already laid off its US workforce and started cutting staff in other countries.
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Pinterest lays off 150 employees in a second round of cuts
Pinterest announced a second layoff move with 150 jobs removed as companies slash expenses to brace for a possible recession.
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Poundland’s clothes division Pep&Co to axe jobs at UK head office
The store, which is Poundland’s clothing arm, said most of the positions impacted are in the buying department.
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Google starts experimenting with ChatGPT competitors to help boost its AI development
Google is testing several ChatGPT competitors, as it strives for more artificial intelligence powdered product releases this year.
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Dollar General faces multiple OSHA fines over poor work conditions
The Occupational Safety and Health Administration has found a number of failings at stores in Middleburg and Green Cove Springs
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How strong leaders stay cool under fire
The true test of a strong leader is how they act in times of adversity
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DraftKings to cut 140 jobs as part of reorganization
The sports betting giant has stated that it is increasingly focused on improving the efficiency of its operations and is making the cuts to make sure it meets its “goals.”
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Rivian to lay off six percent of workers as electric vehicle price war concerns grow
Rivian Automotive, a manufacturer of electric trucks, announced it is laying off 6 percent of its workers in an effort to save money as it prepares for a potential price war across the sector.
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Screwfix expansion has created 800 jobs as it closes in on 1,000 store target
In the last year, the DIY retailer opened 87 stores across the country, which means it now has 870 stores.
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UK train strikes continue leaving services across the nation disrupted
Rail drivers have announced another strike action that would severely affect passengers as many areas would see no services all day.
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Shell reports record profits on back of soaring energy prices
Shell reported annual profits of $39.9 billion (£32.2 billion), more than doubling from the previous year and far exceeding the previous record of $31 billion set in 2008.
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AI advancements “year or two away” from putting Google out of business, says Gmail creator
Gmail creator Paul Buchheit predicted on Twitter ChatGPT could be “a year or two away” from putting Google out of business.
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Watch industry massacre continues with more job losses at Chrono24
It is reported the Germany-based operation has trimmed its workforce by around 13 percent.
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Tesla reveals $140 million loss from Bitcoin investments
Tesla reported a major loss of $140 million from Bitcoin investments last year.
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WhatJobs appoints Gigajob founder as Chairman
What Digital Holdings Ltd, the parent company of global search website WhatJobs.com has appointed Heiko Zeutschner as its new Chairman
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Cloud provider NetApp announces 960 job cuts
NetApp confirmed staff cuts affecting 960 jobs or eight percent of its global workforce.
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Nike launches lawsuit against Lululemon for alleged patent infringements on shoe designs
The sportswear giant alleges it has suffered economic harm and irreparable damage due to Lululemon’s sale of the Chargefeel Mid, Chargefeel Low, Blissfeel, and Strongfeel shoes.
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FedEx to cut global senior roles by 10 percent
FedEx plans to reduce its global management roles by 10 percent in a bid to save expenses amid a shipping downturn.
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Thousands of Poundstretcher staff to be given 10 percent pay rise
It will be the second year in a row that employees have been given a pay rise.
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British Steel could cut 800 jobs in Lincolnshire
It is reported the company called a £300 million government bailout "unsatisfactory."
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Baby food for adults, a Twitter-only mobile and Pepsi for breakfast – Product decisions famous businesses regretted
The weird products famous companies have made that didn't work out.
Tech News
Top Five Best Professional Masters Degree Courses Worth Considering in 2023
From business administration to engineering, these programs offer diverse opportunities for those looking to take their careers to the next level
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