American multinational technology company
Apple lays off more than 600 workers in California in its first major round of post-pandemic cuts
apnews.com/article/apple-layoffs-tech-iphone-workers-9f10788b1d3552385ee8c7b20209ce17
Quick Glance: Apple lays off over 600 workers in California: First major post-pandemic job cuts
- Apple is carrying out over 600 layoffs in California, representing the company's initial significant wave of job cuts following the pandemic, within a broader context of tech industry consolidation.
- According to reports to regional authorities, 614 employees were informed on March 28 in various offices that they would be losing their jobs, with the dismissals taking effect on May 27.
- The eliminated employees came from eight offices in Santa Clara, as indicated in the submissions under the state's Worker Adjustment and Retraining Notification Act, also known as WARN. However, the specific departments or projects of the workers remain undisclosed.
- Apple did not respond to an early Friday request for comment. The company, headquartered in Cupertino, California, stood out as a noteworthy anomaly while other tech firms downsized their workforce over the last two years. Amidst a surge in hiring during the COVID-19 crisis, with increased online activity and spending, major tech companies have maintained a larger scale post-pandemic. Yet, the current trend entails a shift towards cost reduction as growth rates decelerate.
Working from home isn’t going away, even if some CEOs wish it would: During the pandemic, many workers discovered they liked working from home ...
techcrunch.com/2024/04/07/working-from-home-isnt-going-away-even-if-some-ceos-wish-it-would/
Big tech layoffs: Apple fires over 600 employees in its first major round of post-pandemic cuts
financialexpress.com/life/technology-big-tech-layoffs-apple-fires-over-600-employees-in-its-first-major-round-of-post-pandemic-cuts-3448064/
Are return-to-office mandates the new generational divide?: It takes something extraordinary to change the way we’ve always done things. Overnight ...
thehill.com/lobbying/4473331-are-return-to-office-mandates-the-new-generational-divide/
The world could get its first trillionaire within 10 years, Oxfam says: The anti-poverty organization Oxfam International says the world could have its first ...
apnews.com/article/income-inequality-billionaires-davos-85baf23e9a2a7d4d94da5aca11f3ca5e
Quick Glance: Wealth Disparity: Richest Double, Poorest Decline
- The world’s five richest men have more than doubled their fortunes since 2020, while the poorest 60% – almost 5 billion people – have lost money.
- The disparity between rich and poor is expected to increase, potentially leading to the world's first trillionaire within a decade.
- The World Bank reports a dramatic increase in inequality, with the richest people growing $3.3 trillion richer since 2020, three times faster than inflation.
- The richest 1% of the world owns 59% of all global financial assets, including stocks, shares, and bonds, as well as stakes in privately held businesses.
FTC Is Urged to Enforce Antitrust Law Over Grocery Price Discrimination: The US Federal Trade Commission should enforce a rarely used antitrust law after finding ...
bloomberg.com/news/articles/2024-03-28/ftc-is-urged-to-enforce-antitrust-law-over-grocery-price-discrimination
Supermarkets supersized their profits during the pandemic: Operating incomes at major grocery chains grew in 2021 — and are still climbing
qz.com/supermarket-prices-grocery-food-inflation-pandemic-1851369826
Paid articlePaid
Online retailer eBay is cutting 1,000 jobs. It's the latest tech company to reduce its workforce
abcnews.go.com/Technology/wireStory/online-retailer-ebay-cutting-1000-jobs-latest-tech-106628762
Quick Glance: EBay Announces Layoffs of 1,000 Jobs
- EBay plans to lay off 9% of the full-time workforce, approximately 1,000 jobs.
- CEO Jamie Iannone also announced a reduction in the number of contracts with the alternate workforce.
- Organizational changes will be implemented to better meet the needs of customers.
- Iannone wants employees to work from home on Jan. 24 to provide space and privacy for conversations.
Dell is telling remote workers they can't get promotions, report says: Dell joins a long list of tech companies that embraced remote work during the COVID-19 ...
qz.com/dell-remote-employees-promotions-1851347817
Paid articlePaid
Twitch Will End Watch Parties on April 2: First introduced as a closed beta in 2019, Twitch Watch Parties rolled out to everyone during the pandemic ...
pcmag.com/news/twitch-will-end-watch-parties-on-april-2
Here's how AI can help your procurement reduce costs in 2024: As supply constraints for European companies caused by the pandemic and ongoing global crises begin ...
businessinsider.de/sponsored/so-kann-ki-ihrer-beschaffung-helfen-im-jahr-2024-kosten-zu-senken/
Why Zappos remains customer-centric after 25 years: Zappos Chief Marketing Officer Joe Cano joins the Marketer’s Brief podcast to talk about why the brand ...
adage.com/article/podcast-marketers-brief/why-zappos-remains-customer-centric-after-25-years/2547981
Paid articlePaid
Nearly 25,000 tech workers were laid off in the first weeks of 2024. Why is that?
npr.org/2024/01/28/1227326215/nearly-25-000-tech-workers-laid-off-in-the-first-weeks-of-2024-whats-going-on
How Employee Turnover Fueled Boeing’s Quality Control Nightmare: Thousands of the plane maker’s most experienced assembly workers exited during the pandemic ...
forbes.com/sites/jeremybogaisky/2024/02/17/boeing-737-max-workers/
I stopped buying from Amazon four years ago: I wasn't comfortable with Amazon's environmental impact - I haven't bought anything on the platform for four years.
businessinsider.de/wirtschaft/international-business/ich-habe-vor-vier-jahren-aufgehoert-bei-amazon-zu-kaufen/
Mark Zuckerberg explains why tech layoffs continue: Meta's CEO said tech execs realized doing tough layoffs didn't end their companies — and there can be ...
businessinsider.com/mark-zuckerberg-comments-tech-company-layoffs-2024-2
Paid articlePaid
Spotify is starting to lose less money: Its stock is starting to crawl back toward its pandemic-era highs.
axios.com/2024/02/06/spotify-q4-earnings-report-revenue-losses
Here are 7 of the well-known companies that went bankrupt in 2023: It’s been a rough year for some household-name US retailers and businesses ...
cnn.com/2023/12/25/business/here-are-the-companies-that-went-bankrupt-in-2023/
This is how the culture pass works - also in the Heidekreis - Heath Circle: Meeting friends, going to the cinema, attending concerts and festivals: This was ...
wz-net.de/lokales/so-funktioniert-der-kulturpass---auch-im-heidekreis_10_112240441-21-.html
Are Remote Jobs Going Away in 2024?: A new report from MyPerfectResume found 45 percent of workers predicted the number of remote job openings will drop in 2024.
newsweek.com/remote-jobs-disappearing-2024-work-home-1870014
Amazon chopping hundreds of jobs at its One Medical and Pharmacy units: Amazon bought One Medical for $3.9 billion during the pandemic. The internet giant is now ...
businessinsider.com/amazon-one-medical-pharmacy-layoffs-broader-cost-cutting-campaign-2024-2
Paid articlePaid
When should you give up on a book? Readers weigh in.: Some bail after a couple sentences. Others slog through to the bitter end.
washingtonpost.com/books/2024/01/02/books-rule-of-50/
Why Nicole Kidman’s 'Expats' Isn't Streaming in Hong Kong: Nicole Kidman’s ‘Expats’ won't be shown in Hong Kong, where it was made and is set ...
variety.com/2024/tv/news/nicole-kidman-expats-hong-kong-not-available-1235892888/
Doug Liman Says He’s Boycotting SXSW Premiere Of His Jake Gyllenhaal Film ‘Road House’ To Protest Amazon MGM Bypassing Theaters For Prime Streaming Release
deadline.com/2024/01/road-house-movie-doug-liman-boycott-sxsw-premiere-amazon-1235803736/
Quick Glance: Director Liman: Amazon Deceived About 'Road House' Theatrical Release
- Director Liman revealed in a guest column for Deadline that he will protest the decision not to release his film 'Road House' in theaters.
- Liman is unhappy with Amazon MGM Studios' choice to release the film only on Prime Video, bypassing theaters, despite it being clearly made for the big screen.
- Liman details the negotiations and how Amazon went against their promise, hurting both him and fans of theatrical releases.
- Liman's 'Road House' was intended to be a theatrical motion picture for MGM, but Amazon's decision contradicted their initial commitment to cinemas.
Dell tells 'hybrid' workers to come into the office 3 days a week: The tech company said it believes "in-person connections paired with a flexible approach are ...
businessinsider.com/dell-hybrid-workers-return-office-three-days-week-progression-innovation-2024-2
Paid articlePaid
Amazon continues to save - this time it hits this sector: Amazon continues to pay attention to costs. The group is cutting “several hundred jobs” in this ...
deraktionaer.de/artikel/commerce-brands-unicorns/amazon-spart-weiter-dieses-mal-trifft-es-diese-sparte-20349823.html
42-year-old former ad exec left a decadeslong career to start a granola company—it launched with a 20,000-person waitlist
cnbc.com/2024/01/16/toms-perfect-10-granola-former-ad-exec.html
Greedy shareholders, neo-colonial behavior: Oxfam warns of the first trillionaire
nzz.ch/wirtschaft/gierige-aktionaere-und-koloniales-gebaren-oxfam-teilt-vor-dem-wef-gegen-milliardaere-und-multis-aus-was-ist-von-den-vorwuerfen-zu-halten-ld.1773945
Twitch Quietly Ends Partnerships With Rolling Stone, Complex, Vice: Twitch paid Vice, Complex and Rolling Stone to create content, but it has not renewed those ...
adweek.com/media/twitch-partnerships-rolling-stone-complex-vice/
At-home workout platform Peloton is partnering with TikTok to share custom fitness content on the social video platform, including live Peloton classes with ... Show more
Peloton’s app update is a total disaster: The company is now withholding its core offering from users, unless they ‘upgrade’ to an 85% higher-price tier ...
fastcompany.com/91005914/peleton-app-update-total-disaster
What's left of corona: when thousands of rapid tests are just hazardous waste: Test center operators grew rapidly during the pandemic. Now they are closed - and ...
faz.net/aktuell/wirtschaft/testzentren-was-von-corona-uebrig-blieb-19413664.html
Paid articlePaid
This entrepreneur is now sitting on thousands of egg timers - the reason is simple
focus.de/gesundheit/restbestaende-dieser-unternehmer-sitzt-jetzt-auf-tausenden-eieruhren-der-grund-ist-simpel_id_259538160.html
Current research: Are there only winners when working from home?: Home office is an integral part of modern working life. An economist has now collected data ...
faz.net/aktuell/wirtschaft/unternehmen/forschung-zum-homeoffice-profitiert-jeder-davon-19382221.html
Paid articlePaid Online shopping for holidays exceeds 2020 pandemic high, CNBC economic survey shows
cnbc.com/2023/12/19/online-shopping-for-holidays-exceeds-2020-pandemic-high-cnbc-economic-survey-shows.html
Popular athletics retailer chooses bankruptcy alternative: Instead of a Chapter 11 or Chapter 7 bankruptcy filing, the company has chosen a different path with ...
kentucky.com/news/business/article282602873.html
Expensive returns: This is how much returns cost online retailers: Returns are often critical, and not just from an ecological perspective. They cost retailers a ...
faz.net/aktuell/finanzen/meine-finanzen/geld-ausgeben/amazon-zalando-about-you-wie-viel-retouren-die-onlinehaendler-kosten-19361666.html
Top Places to Work in MA 2023 still offering remote work options: When there’s a foundation of trust in place, some employees can tack the chance to work from ...
bostonglobe.com/2023/11/29/magazine/some-companies-are-forcing-workers-back-to-the-office-others-let-them-work-from-vacation-spots/
Flexible hours, sick pay and meals: British workers get a better deal: For Josh Hughes-Davies, the best thing about his job in a bar in the coastal city of ...
reuters.com/world/uk/flexible-hours-sick-pay-meals-british-workers-get-better-deal-2023-10-02/
Washington students flock to computer science, and AI adds to the allure: Despite the pandemic and recent tech layoffs at industry giants like Amazon and ...
columbian.com/news/2023/nov/23/washington-students-flock-to-computer-science-and-ai-adds-to-the-allure/
Amazon Games Announces Restructuring, Cuts 180 Jobs Amid Industry Challenges: Internet giant Amazon has announced that it will axe 180 roles as part of the ...
techtimes.com/articles/298663/20231114/amazon-games-announces-restructuring-cuts-180-jobs-amid-industry-challenges.htm
Why WA campuses have limited space for computer science majors: Despite recent tech layoffs and a decline in college applicants after the pandemic ...
seattletimes.com/education-lab/wa-students-flock-to-computer-science-and-ai-adds-to-the-allure/
Amazon aggregator Thrasio prepares for bankruptcy - WSJ: Thrasio Holdings, which acquires third-party sellers on Amazon (AMZN.O), is preparing to file for ...
reuters.com/markets/deals/amazon-aggregator-thrasio-prepares-bankruptcy-wsj-2023-11-17/
Quick Glance: Amazon Aggregator Thrasio Prepares for Bankruptcy - WSJ
- Thrasio Holdings, which acquires third-party sellers on Amazon, is preparing to file for bankruptcy as it grapples with a post-pandemic slump in online spending.
- The company has been advised by New York-based consulting firm AlixPartners in recent years and is currently working with retail turnaround professional Holly Etlin.
Infosys changes WFH policy, asks select employees to come office 10 days a month: Companies like Tata Consultancy Services, Amazon, and Google have already ...
hindustantimes.com/business/infosys-changes-remote-work-policy-asks-select-employees-to-come-office-10-days-a-month-101698841804904.html
Amazon warns workers to come back into the office: This week, a reminder email was sent to employees who didn't work on-site at least three times a week.
bbc.com/news/technology-66472280
Thriving pandemic-era jewellery company that began as a pastime: Thriving pandemic-era jewellery company that began as a pastime
nation.africa/kenya/business/enterprise/thriving-pandemic-era-jewellery-company-began-as-a-pastime-4418326
Dropbox drops bucks to ditch digs in long-term WFH model: SF corporate nerve center will be 87% smaller than pre-pandemic as others mandate in-person work
theregister.com/2023/10/23/dropbox_shrinks_hq/
Zoom, a champion of remote work, calls employees back to office: With its new mandate, Zoom joins a number of other companies in signaling a decline in appetite ...
washingtonpost.com/technology/2023/08/08/zoom-back-to-office-mandate/
Quick Glance: Zoom calls for employees to return to the office
- Zoom, the pioneer of remote work, urges employees to return to the office.
- Employees residing near an office must work in person for at least two days a week.
- Working in the office enhances innovation and collaboration.
- Executives face challenges in convincing people to work in the office five days a week. That's why embracing hybrid work is necessary, said Zoom founder and CEO Eric Yuan in an earnings call in May.
Why now is not a good time to buy a car: The big reasons are inflation and supply chain issues, and it is not looking like there is going to be a quick fix for ...
newschannel5.com/news/why-now-is-not-a-good-time-to-buy-a-car
How Tiktok is helping the shrinking book trade: Fewer Germans are buying books, but a new haven for young reading fans is emerging in an online network ...
faz.net/aktuell/wirtschaft/schneller-schlau/schneller-schlau-wie-tiktok-dem-schrumpfenden-buchhandel-hilft-19241767.html
Return to the office? These workers quit instead.: Companies are increasingly cracking down on remote work, spurring employee pushback and resignations.
washingtonpost.com/technology/2023/09/21/return-office-mandates-employees-quit/
Amazon is quietly shutting down its live radio app Amp: Amazon is downsizing in an effort to cut costs, and Amp appears to be the latest casualty.
theverge.com/2023/10/4/23903887/amazon-is-quietly-shuttering-its-live-audio-app-amp
Another popular retailer files unexpected Chapter 11 bankruptcy: You may not know the company by name, but you know its products which are sold by Amazon ...
charlotteobserver.com/news/business/article280371039.html
Paid articlePaid
My favorite surge protector is finally under $20 again on Prime Day: I bought quite a few of this 12-outlet Belkin surge protector for my home ...
pcworld.com/article/2101309/prime-day-deal-my-favorite-surge-protector-is-finally-under-20-again.html
Two-thirds of CEOs think staff will return to office five days a week, global survey finds
irishtimes.com/business/2023/10/05/two-thirds-of-ceos-think-staff-will-return-to-office-five-days-a-week-global-survey-finds/
Return to the office? These workers quit instead.: Companies are increasingly cracking down on remote work, spurring employee pushback and resignations.
washingtonpost.com/technology/2023/09/21/return-office-mandates-employees-quit/
Alexa is the best frenemy I’ve ever had: At first, I was distrustful of Amazon’s Alexa. But after my mom’s Parkinson’s disease worsened during the pandemic ...
theverge.com/23817430/amazon-alexa-echo-show-parkinsons-disease
As more companies enforce their office mandates, some workers are choosing to quit instead of complying and returning to the office ... Show more wapo.st/45Xad64
How Terrible Meetings Took Over Corporate America: Since the pandemic, the sheer number of useless meetings has grown out of control. Some people are starting to ...
vice.com/en/article/5d9wqn/meeting-bloat-has-taken-over-corporate-america-can-it-be-stopped
Salesforce CEO has 'always been a remote worker' despite RTO push: Tech companies like Salesforce, Amazon, and Meta have adjusted their return-to-office policies ...
businessinsider.com/salesforce-ceo-marc-benioff-remote-work-rto-mandate-policy-2023-9
Paid articlePaid Bosses mean it this time: Return to the office or get a new job!: As office occupancy rates stagnate, employers are giving up on perks and turning to threats.
washingtonpost.com/business/2023/09/02/return-office-mandates-2023-remote-work/
Has e-commerce peaked?: The pandemic boom in online retail has given way to stagnation and stiffening competition
economist.com/business/2023/08/04/has-e-commerce-peaked
Trucking giant Yellow files for bankruptcy after shedding 30,000 jobs: The freight hauler had experienced heavy losses as it battled with the Teamsters over a ...
washingtonpost.com/business/2023/08/06/yellow-chapter-11-bankruptcy/
AI as a driving force?: Amazon posts billions in profit: Amazon registers high profits during the corona pandemic, but these collapse again after the lockdown ...
n-tv.de/wirtschaft/Amazon-verbucht-Milliardengewinn-article24304760.html
Quick Glance: Amazon Beats Q2 Expectations and Raises Outlook
- Amazon beats analyst expectations for the second quarter and offers a better outlook.
- Amazon Web Services, the company's cloud computing unit, sees a 12% revenue increase to $22.1 billion in Q2.
- Amazon stock surges 53% year to date.
Amazon relaunches its shipping service paused during pandemic: Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and ...
columbian.com/news/2023/aug/18/amazon-relaunches-its-shipping-service-paused-during-pandemic/
UPS workers authorize strike, seen as leverage for pay talks: (This June 16 story has been corrected to fix the date of contract expiration in paragraph 1)
reuters.com/business/ups-workers-authorize-strike-seen-leverage-pay-talks-2023-06-16/
Why hybrid work is ‘here to stay’ as even Zoom calls workers into office: Zoom, the face of remote work during the COVID-19 pandemic, is the latest high-profile ...
globalnews.ca/news/9894884/return-to-office-hybrid-model-zoom/
The working-from-home illusion fades: It is not more productive than being in an office, after all
economist.com/finance-and-economics/2023/06/28/the-working-from-home-delusion-fades
Truck drivers are leaving boom-and-bust supply chain jobs: Several thousand truck drivers have fled the freight business this year amid one of the harshest ...
washingtonpost.com/business/2023/07/31/truck-drivers-freight-industry-downturn/
Seattle is seeing less post-pandemic car traffic than other big cities: While Amazon has boosted foot traffic in South Lake Union, the rest of Seattle's downtown ...
seattletimes.com/seattle-news/transportation/seattle-is-seeing-less-post-pandemic-car-traffic-than-other-big-cities/
Amazon Visa Credit Card: Out for the Popular Card?: Amazon's Visa credit card has become one of the most popular products among Prime customers ...
boerse-online.de/nachrichten/geld-und-vorsorge/amazon-visa-kreditkarte-aus-fuer-die-beliebte-karte-20336376.html
Film executives at Amazon Studios threw Ben Affleck and Matt Damon a curve ball.
Streamers like Netflix were supposed to kill the movie theater. Here’s how they may end up as friends
fortune.com/2023/04/20/streamers-netflix-supposed-kill-movie-theater-may-end-up-as-friends-air-amazon/
Paid articlePaid
San Antonio's USAA to call some employees back to office 4 days a week: San Antonio's USAA is among a wave of companies bringing employees back to the office ...
expressnews.com/business/article/usaa-san-antonio-back-to-office-18195395.php
Paid articlePaid
Great home-office upgrades don’t have to be expensive. These all cost less than $100
chicagotribune.com/consumer-reviews/sns-bestreviews-best-upgrades-to-your-home-office-for-less-than-100-20230705-vmvnkazt4ngu3jtikd5k6ber4y-story.html
Paid articlePaid
Peloton recalls over 2m bikes over seat post assembly breaking during use: Recall includes about 2.2m of the Peloton Bikes Model PL01, sold from January 2018 ...
theguardian.com/us-news/2023/may/11/peloton-bike-recall-seat-breaking
Quick Glance: Peloton Shares Plunge After 2 Million Bike Recall
- Peloton shares tumbled following a recall of 2.2 million bikes.
- The recall was issued due to injury and fall concerns.
- According to Peloton and the CPSC, the seat post on Model Number PL01 bikes can detach and break unexpectedly during use.
- Peloton has disclosed multiple product recalls in recent years and plans to work with regulators to ensure user safety.
Airbnb boss Brian Chesky says it’s critical not to become an ‘ivory tower’ CEO—so he lists his own home
fortune.com/2023/07/04/airbnb-ceo-brian-chesky-own-home-platform-critical-not-to-become-ivory-tower-ceo/
Paid articlePaid Shares of UK online supermarket Ocado soar on talk of Amazon bid interest: Ocado Group (OCDO.L) shares surged by over 40% on Thursday after The Times newspaper ...
reuters.com/markets/deals/ocado-shares-jump-43-bid-interest-talk-2023-06-22/
🌳 In the world’s largest rainforest, scientists say a new pandemic may be brewing. Here’s how such an outbreak could play out: reut.rs/438nczZ ⬇️ 1/5
Instant Pot and Pyrex maker Instant Brands files for bankruptcy: Instant Brands filed for bankruptcy after high interest rates and the pandemic’s gnarled supply ...
financialpost.com/news/retail-marketing/instant-pot-pyrex-maker-instant-brands-files-bankruptcy
Quick Glance: Instant Brands, Producer of Kitchen Utensils Such as Instant Pot and Pyrex, Declares Bankruptcy
- Instant Brands has initiated bankruptcy proceedings in the U.S. and Canada.
- The company reports generating only $17.9 million US in operating cash flows during the first three months of the year.
- In 2019, Corelle Brands, the owner of Pyrex, CorningWare, SnapWare and Corelle, merged with Instant Brands.
- Last week, S&P downgraded the company and warned that 'absent external funding or debt relief, we anticipate Instant Brands will face a liquidity shortfall over the near term.'
Last year’s rankings told of the nimbleness of fast-food eateries, whose drive-thru service and digital ordering helped chains hold on to customers during ... Show more #Global2000 https://trib.al/qUYMINY
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics