Elon Musk offers Twitter staff stock grants at $20 billion value – half what he paid
Elon Musk offers Twitter employees stock awards based on a $20 billion valuation, less than half the $44 billion price he paid during the acquisition.
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Meta lowers bonus pay for some employees based on performance
Meta plans to reduce bonus payouts and assess staff performance frequently to achieve “year of efficiency” goals.
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Barrett Steel’s £13 million deal rescues Aartee Bright Bar but job losses loom
Barrett Steel has paid £13 million for distribution sites and a bright bar facility held by troubled company Aartee Bright Bar, thereby saving more than 170 jobs.
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Luxury car maker Lucid confirms 1,300 layoffs in a bid to cut costs
Lucid will lay off 1,300 employees, or 18 percent of its workforce, as part of a broader restructuring to cut costs.
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Disney CEO confirms three rounds of layoffs cutting 7,000 staff are to begin
Disney will begin its previously announced 7,000 job cuts in three batches, CEO Bob Iger said to staff in an internal memo.
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£8.5 million Next Cath Kidston buyout will mean more job cuts
Next has paid £8.5m for struggling home furnishing retailer Cath Kidston in a change that will consequence in a number of redundancies, administrators have supposed.
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Consulting giant McKinsey will carry out 1,400 rare job cuts
The company is to reorganize its support teams, which includes staff downsizing or moving employees to other roles.
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“Betcha can’t eat just one” – Lay’s iconic potato chip slogan
The famous slogan appeared in a commercial called “Messier, Just One” from Lays 59 years ago.
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Unions’ outrage at “appalling” Freeport contract for controversial P&O owner
Unions are outraged at the company’s decision to “reward” itself for firing over 800 ferry workers without cause.
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Insync Bikes to cut jobs after ‘huge erosion’ in demand
A Manchester-based push bike company is laying off employees and closing its doors after losing over £4 million in the previous fiscal year.
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Pharmaron will invest $151 million to create 174 Liverpool jobs
Pharmaron has been designated one of the first recipients of the Life Sciences Innovative Manufacturing Fund (LSIMF) grants, which are backed by both government and private investment.
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Virgin Orbit takeover deal stalls as unpaid furlough continues
Virgin Orbit has extended its unpaid operations halt to pursue a lifeline investment.
Business News
Barclays-backed loyalty app Bink secures £9 million funding lifeline
A loyalty app with Barclays and Lloyds Banking Group as shareholders has received a £9 million financial boost.
Tech News
Best Academic Careers to Follow for Equestrian Enthusiasts
Taking a degree program in the Equine Sciences will provide you with in-depth knowledge of the scientific concepts of the horse business.
