Stitch Fix to Cut 20 of Salaried Jobs As Ceo Steps Down
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Institutional investors pull $2bn from Ashmore
Investors shift exposure away from riskier assets on back of higher interest ratesFinancial Times - World -
Samsung boosts Biden’s chipmaking ambitions with Texas plant upgrade
South Korean group set to outdo rival TSMC with cutting-edge 2nm chip production in US by 2026 as part of $40bn investmentFinancial Times - Business - Joe Biden -
Singapore’s PM Lee Hsien Loong to step down after 20 years
Finance minister Lawrence Wong to become city-state’s fourth leader next monthFinancial Times - Business -
Startup CEO Salaries Dip in 2024
A new report shows that CEO salaries have decreased this year--mostly due to Series B struggles--and that a gender pay gap persists.Inc. - Business -
End of an Era in Singapore as Prime Minister Set to Step Down After 20 Years
Lee Hsien Loong’s deputy, Lawrence Wong, will lead the city-state, which has an outsize role economically, diplomatically and militarily.The Wall Street Journal - World -
The lowest salary Americans will accept at a new job reached a record high
The share of people looking for a new job and expecting higher pay is on the rise.CNBC - Business -
Thyssenkrupp Steel to Cut Output, Jobs
Thyssenkrupp Steel plans to reduce its production capacity to between 9 million and 9.5 million metric tons a year, broadly in line with its shipments over the past three years and cut jobs, in response to challenging market conditions, with weak ...The Wall Street Journal - World -
Layoffs in 2024: A List of Companies Cutting Jobs This Year
The layoffs are expected to be smaller and more targeted than those in 2023.The Wall Street Journal - Business -
Amazon Cuts Hundreds of Jobs in Cloud-Computing Business
Amazon Web Services said it planned to eliminate several hundred jobs in sales, marketing and global services, and would cut hundreds more from its physical stores technology team.The Wall Street Journal - Tech - Amazon -
Duke of Kent to step down as Colonel of Scots Guards
The 88-year-old has served in the role for 50 years and is handing over to the Duke of Edinburgh.BBC News - Top stories -
Murders down about 20 percent in 200+ cities
Murders are down about 20 percent in more than 200 cities across the country, according to a recent analysis from criminal justice consulting firm AH Analytics. The analysis of 208 cities found that murders are down 20.4 percent in 2024 when ...The Hill - Politics -
Amazon CEO Touts AI Revolution While Committing to Cost Cuts
In his letter to shareholders, Andy Jassy says generative AI could usher in the largest tech transformation since the Internet.The Wall Street Journal - World - Amazon -
Thyssenkrupp Steel plans to cut jobs and scale back production capacity.
Thyssenkrupp Steel plans to cut jobs and scale back production capacity.The Wall Street Journal - World -
Take-Two Interactive to Cut 5% of Jobs, Slash Projects
The video game maker said the cost-cutting moves are expected to be finished by the end of the year.The Wall Street Journal - World -
Take-Two Interactive to Cut 5% of Jobs, Slash Projects
The video game maker said the cost-cutting moves are expected to be finished by the end of the year.The Wall Street Journal - Business -
Jessica Alba Steps Down as Chief Creative Officer at the Honest Company
It's been 12 years since she founded what would become a consumer products juggernaut. We take a look at her journey and what's next.Inc. - Business -
Three Paramount Directors to Step Down as Company Discusses Skydance Merger
The directors’ expected departures come at a sensitive time for Paramount Global.The Wall Street Journal - World -
Angela Rayner: I will step down if I committed criminal offence
Labour's deputy leader says she will quit if she has committed a crime amid a row over where she lived.BBC News - Top stories -
Angela Rayner says she will step down if found to have committed crime
Deputy Labour leader has faced questions over sale of former council house before she became MP. Angela Rayner has pledged to step down as deputy leader of the Labour party if a police investigation finds she has committed a crime, amid ...The Guardian - World -
Four Paramount Directors to Step Down as Company Discusses Skydance Merger
The directors’ expected departures come at a sensitive time for Paramount Global.The Wall Street Journal - Business -
Singapore prime minister says he will step down on May 15
Singapore Prime Minister Lee Hsien Loong says he will step down on May 15 after two decades at the helm and hand power to his deputy Lawrence WongABC News - World -
Dr Martens chief to step down as bootmaker warns on profits again
Troubled retailer names chief brand officer as its new boss as it flags sinking orders in USFinancial Times - Business -
Jessica Alba steps down from position at Honest to pursue new endeavors
"Honest has been a true labor of love for me," the "Fantastic Four" actress said of the personal care company she founded in 2012.CBS News - Entertainment -
Big Zuu cuts down on cooking and rap for Ramadan
The rapper and TV chef visited Mecca for the first time to explore his Muslim faith for a documentary.BBC News - Top stories -
‘Grand Theft Auto’ maker Take-Two to cut jobs, cancel games in cost-cutting plan
Videogame maker Take-Two Interactive Software Inc. said late Tuesday it will lay off about 5% of its workforce, cancel games and streamline its operations as it aims to save about $165 million a year.MarketWatch - Business -
Masters posts lowest ratings since COVID-era tournaments
Not even the the Masters is immune to golf's declining viewership.Yahoo Sports - Sports -
Amazon CEO Andy Jassy in shareholder letter says he's committed to cost cutting while investing in AI
Andy Jassy pledged to keep looking for ways to cut costs even as the company doubles down on investing in new growth areas like artificial intelligence.CNBC - Business -
Blow to New Zealand media as two main news outlets announce programme closures and job cuts
More than 350 jobs to go after Warner Bros. Discovery closes all its Newshub news operations and TVNZ cuts programs and bulletins. New Zealand’s news media has been dealt a major blow after two of its primary news outlets announced programme ...The Guardian - World - New Zealand -
Tesla to cut 14,000 jobs as Elon Musk bids to make it ‘lean, innovative and hungry’
Billionaire says ‘there is nothing I hate more’ than cutting staff as more than 10% of workforce to be affected. Business live – latest updatesTesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles.. The ...The Guardian - World - Elon Musk -
Tesla shares fall to lowest in almost a year after job cuts heighten concerns about waning demand
Tesla's announcement Monday that it's cutting jobs sent the shares down nearly 6%, continuing the year's sell-off.CNBC - Business -
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits.NBC News - Top stories - Tesla -
Google lays off more employees, will move some jobs overseas as part of continuing cost cuts
Google announced a new round of layoffs Wednesday, and said it will move some jobs overseas.MarketWatch - Business - Google -
Tesla to lay off 14% of its Buffalo workforce as part of large-scale job cuts
Tesla Inc. will lay off 285 workers at two plants in Buffalo, New York, or 14% of the total workforce of 2,032 workers, the EV maker said in an official notice late Wednesday.MarketWatch - Business - Tesla -
Japan’s biggest brewer Asahi cuts down on the booze as consumers go teetotal
Chief executive says zero- and low-alcohol beverages will represent half the company’s sales by as early as 2040Financial Times - Business - Japan -
Jessica Alba steps down as chief creative officer at Honest, the personal care company she founded
Jessica Alba, who shot to fame in the James Cameron television series “Dark Angel,” as well as films such as “Sin City” and the “Fantastic Four,” will step down as chief creative officer at Honest Company, a personal care company that she foundedABC News - Entertainment -
Rep. Ro Khanna calls on RFK Jr.'s running mate to step down
In his letter, Khanna argued that polling suggests that in swing states, Kennedy could tilt the November election in former President Donald Trump's favor.CBS News - Politics -
Arkansas hires John Calipari to coach the Razorbacks, a day after stepping down from Kentucky
Arkansas has hired John Calipari as men’s basketball coach, a day after the Hall of Fame coach stepped down from the Kentucky program he led to the 2012 NCAA championshipABC News - Sports -
RFK Jr. running mate says Khanna's call for her to step down is 'anti-democratic'
Nicole Shanahan, independent presidential candidate Robert F. Kennedy Jr.'s running mate, called Rep. Ro Khanna's (D-Calif.) open letter asking her to step down 'anti-democratic' in a social media post Tuesday. Shanahan, a Silicon Valley attorney, ...The Hill - Politics -
Honest Co. shares dip 7% after Jessica Alba steps down from company she founded
Shares of Honest Co. fell Wednesday after it lost rights to use the name and likeness of founder Jessica Alba.MarketWatch - Business -
Israel is quiet on next steps against Iran — and on which partners helped shoot down missiles
Israeli leaders are crediting an international military coalition with thwarting Iran’s direct attack and calling the coordinated response a starting point for a “strategic alliance” of regional opposition to TehranABC News - World - Israel