Management & Leadership
Wells Fargo cautions on high fourth quarter severance fees
U.S. financial services company Wells Fargo is expected to run up high severance expenses during its fourth financial quarter, Wells...
Spotify to lay off 1,500 employees
Major music streaming service Spotify is set to lay off 1,500 of its employees, the company announced Monday. The cuts...
Rite Aid to shutter another 30 locations
Troubled U.S. pharmacy chain Rite Aid is set to close approximately 30 locations across the coming months, the company revealed...
TikTok parent company ByteDance announces end of gaming division
On Monday, social media app TikTok’s parent company ByteDance announced it would be axing its proprietary gaming division, Nuverse. The...
Best Buy combats theft with increased staff presence
In the midst of a retail shoplifting crisis in the United States, electronics retail chain Best Buy is reportedly combatting...
CEO of GM’s robotaxi service Cruise resigns
Late Sunday evening, founder CEO of General Motors’ self-driving robotaxi service Cruise Kyle Vogt resigned from his post as the...
Microsoft hires Sam Altman as OpenAI taps third CEO in three days
Technology giant Microsoft has hired former OpenAI CEO Sam Altman to head the company’s artificial intelligence division, Microsoft announced Monday,...
Iger aims to revamp Disney’s movie production as operating income stagnates
Disney CEO Bob Iger announced Friday that the company would be lowering its movie production output as Disney’s operating income...
OpenAI axes CEO Sam Altman, floats return
OpenAI fired its CEO, Sam Altman, from his leadership position at the company Friday because he was purportedly “not candid...
Mattel taps former Fox exec to run television division
Toymaker Mattel has tapped former Fox and Sont executive Michelle Mendelovitz to head Mattel Television Studios, the company announced Thursday....
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