Disney Begins Third Round of Layoffs
Disney will soon begin the third stage of the campaign to reduce the workforce.
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Lululemon Adds Textile Recycling to Its Circularity Initiatives
Lululemon has directed a minority investment in the Australian waste recycling company Samsara Eco.
Vice Media Files for Chapter 11 Bankruptcy Ahead of Sale
Vice Media filed for Chapter 11 bankruptcy protection on Monday, May 15, to facilitate the planned sale of the company shortly and make the firm’s future more secure.
Salsa Raises $10 Million to Help Platforms Embed Payroll Features
Salsa announced the attraction of investment funds for $10 million.
Disney+ Streaming Service Loses 4 Million Subscribers in First Quarter
Disney has announced that its flagship streaming service has lost 4 million subscribers in the first three months of this year.
TD Bank Blames Regulatory Uncertainty for Failed First Horizon Acquisition
Canadian TD Bank canceled the planned purchase of the American financial institution First Horizon.
Shopify Cuts 20% of Staff
Shopify announced its intention to lay off more than 2 thousand employees as part of efforts aimed at intensifying activities in the field of e-commerce.
Mavenir Raises $100 Million
Mavenir, a company that specializes in open radio access networks and related services for 5G networks, announced that it managed to attract investment funds for $100 million.
Starbucks’ US Loyalty Membership Increases 15%
The Starbucks loyalty program demonstrates growth in not the most favorable conditions for activating positive trends.
IBM Suspends Hiring Due to AI
The media reports that IBM plans to temporarily stop recruiting employees for those positions that artificial intelligence can handle.
Nextdoor Launches New Assistant Feature
Nextdoor social network on Tuesday, May 2, introduced a new feature that is based on generative artificial intelligence.
Dropbox Lays Off 500 Employees
Cloud storage giant Dropbox has joined technology companies that are implementing a workforce reduction policy, announcing the layoff of 16% of staff, which is equivalent to about 500 people.
Amazon Closes Halo Health Division
Amazon has sent out notices to Halo Health customers that this division of the company is ceasing operations on July 31 of this year.
Silicon Valley Bank Employees to Get Back Some Money
Media reports that Silicon Valley Bank employees are returning some of the money after a period of uncertainty.
Shopify Adds Melio’s B2B Embedded Finance Offering to Commerce Platform
Shopify has announced the addition of Melio’s built-in financial offer for B2B to its trading platform.
First Republic Cuts Up to 25% of Workforce
First Republic Bank intends to reduce its workforce by 25% in the second quarter of this year.
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