Juul Labs, Inc. announced on Tuesday that the Company will look to cut 650 jobs, increasing from its previously planned 500 jobs. As a result, the Company will cut...
Tag: Employees
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GE to Freeze Pension Plan sand Cut Deficit by Up to USD 8 Billion
General Electric Co. (NYSE: GE) on Monday said it will freeze pension plans for about 20,000 U.S. salaried workers, and supplementary pension benefits for 700 employees who became executives...
HP Inc. (NYSE: HPQ) announced that it will cut 9,000 jobs to cut costs. The restructuring plan is estimated to provide annual gross savings of about USD 1 Billion...
In an effort to curb healthcare spending, Walmart Inc. (NYSE: WMT) said it is rolling out a pilot program for its U.S. employees beginning January 1. “From choosing a...
On Tuesday afternoon, WeWork’s board of directors announced that Co-Founder Adam Neumann will step down from his position as Chief Executive Officer and continue to serve as a non-executive...
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General Motors Employee Strike Leads to Shut Down of Over 50 Facilities
General Motors Company (NYSE: GM) workers have been on strike for more than two days now. This strike has shut down more than 50 facilities nationwide. General Motors is...
Shares of Walmart Inc. (NYSE: WMT) are up just under 1% Thursday morning after the mega-retailer announced it will expand the reach of its new “unlimited” grocery delivery service...
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Jack Ma Bids Farewell to Alibaba in Large Company Event
At an event with thousands of employees of Alibaba Group Holding Limited (NYSE: BABA), Jack Ma has formally left the company as he wore a rock star wig and...
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Multi-Million-Dollar Cryptocurrency Lawsuit against AT&T
A USD 224 Million lawsuit against AT&T (NYSE: T) filed back in August 2018, has progressed as a federal judge in Los Angeles rejects the telecommunications giant’s motion to...
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Amazon to Invest USD 700 Million into Career Advancing Programs
Amazon, Inc. (NASDAQ: AMZN) on Thursday announced it will invest over USD 700 Million into upskilling training programs to help its employees advance their careers. The Company said it...