Ericsson Announces Global Layoffs Affecting 8,500 Workers
Ericsson, a Swedish telecommunications giant, is reportedly planning to cut 8,500 jobs worldwide, which represents roughly 8% of...
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Bed Bath & Beyond: shutting down Canadian operations, cites financial woes
Bed Bath & Beyond’s Canadian operations have filed for bankruptcy, as they are insolvent and lack the financial...
Yahoo to downsize workforce by 20%, close parts of ad tech business
According to a report from Axios, Yahoo, the Bay Area tech conglomerate owned by Apollo Global Management, plans...
Facebook Parent Meta Delays Budgets, Announces Further Layoffs
Facebook’s parent company, Meta Platforms Inc, is reportedly postponing the finalisation of several teams’ budgets as it prepares...
Hong Kong Launches Campaign to Revive Tourism with 500,000 Free Airline Tickets in 2023
Hong Kong’s government is giving away half a million free airline tickets in an effort to boost tourism...
Societe Generale outperforms in face of 64% decrease in net income
Societe Generale reported a significant 64% decrease in annual net profits for 2022 due to a reduction in...
Japan’s Nintendo, SoftBank, and Sharp Suffer Major Share Losses Post-Earnings
The stocks of Japanese companies Nintendo Co Ltd, SoftBank Group Corp, and Sharp Corp took a significant hit...
Retail Giant Bed Bath & Beyond Avoids Bankruptcy with $1 Billion Capital Raise
Bed Bath & Beyond, the home goods retailer, has announced its intention to raise $1 billion through the...
SoftBank’s Vision Fund continues to post losses amid Tech Market downturn
SoftBank Vision Fund, one of the world’s most significant technology investment funds, has reported another quarterly loss as...
Pinterest Disappoints Wall Street with Downbeat Forecast
Pinterest Inc., the popular social media and image-sharing platform, recently reported its quarterly earnings, missing its revenue estimates....