Slashes Global Workforce

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, according to CEO Drew Houston.

Business - CNBC - 4 hours ago

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox is laying off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. The company is in a “transitional period” as its file sync ...

Germany's Habeck defends bonus for those returning to workforce

World - Yahoo News - October 15

McKinsey Cuts Hundreds From China Workforce

The consulting firm is cutting back on state-linked clients and is working to separate its China operations

Business - The Wall Street Journal - October 17

EY slims workforce for first time in 14 years

Slowdown in demand for consulting services leads Big Four accounting firm to post weakest revenue growth since 2010

Business - Financial Times - October 17

Beyond Inc. to Cut Workforce by About 20%

Beyond Inc. is cutting about 20% of its workforce as part of broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath ...

Business - The Wall Street Journal - October 22

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.’s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it’s cutting ...

Business - MarketWatch - 5 hours ago

Hong Kong slashes tax on spirits to boost nightlife

Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumption

Business - Financial Times - October 16

Sage Therapeutics’ stock falls 4.7% as biotech unveils plan to cut 33% of workforce

More than 165 jobs to go as company seeks to extend cash runway and focus on postpartum drug launch.

Business - MarketWatch - October 17

Manchester United cuts continue as Sir Alex Ferguson ambassador role slashed

Ex-manager reported to receive more than £2m a year Sir Jim Ratcliffe’s Ineos has cut 250 staff from payroll The latest victim of the Ineos-led economy drive at Manchester United is none other ...

World - The Guardian - October 15

Harris backs slashing medical debt. Trump's "concepts" worry advocates.

Health care experts are calling on lawmakers — and the next occupant of the White House — to help the millions of Americans grappling with medical debt.

The AI edge in cybersecurity: Predictive tools aim to slash response times

AI's ability to sift through massive amounts of data, identify patterns and constantly learn makes it invaluable in cybersecurity.

Tech - VentureBeat - October 20

UK to slash overseas aid in Budget as asylum seeker costs rise

International development organisations warn country’s contribution could slump to its lowest level in 17 years

Business - Financial Times - October 22

Volvo Cars says it will not support Northvolt as it slashes sales guidance

Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key markets

Business - Financial Times - October 23

Volvo Cars slashes outlook citing ‘increasingly volatile environment’

Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.

Business - MarketWatch - October 23

Trudeau to slash Canada’s migrant numbers in bid to shore up his government

High living and housing costs prompted public backlash to progressive immigration schemes

Business - Financial Times - 6 days ago

The problem with the term ‘global majority’

Endless searching for a label to describe ethnic minority groups is ultimately futile

World - Financial Times - Yesterday

It’s localization, not globalization, for the health of the US economy

The U.S. is undergoing a transformative shift away from globalization and toward localization, with initiatives such as the Inflation Reduction Act and the CHIPS and Science Act prioritizing ...

Politics - The Hill - October 17

‘Terrifier 3’ slashes ‘Joker’ to take No. 1 at the box office, Trump film ‘The Apprentice’ fizzles

Box office was ruled by an ax-wielding clown.

Entertainment - ABC News - October 13

UK Prime Minister Keir Starmer vows to slash regulatory red tape in bid to boost investment

U.K. Prime Minister Keir Starmer on Monday vowed to slash regulatory red tape to boost anaemic investment in the country.

Business - CNBC - October 14

Trek Slash+ 9.7 SLX/XT Electric Mountain Bike Review: Oh So Quiet

Trek's newest enduro e-MTB is the most natural-feeling electric mountain bike you may ever ride.

Tech - Wired - 5 days ago

Eli Lilly stock tumbles after drug giant misses estimates and slashes profit guidance

Skyrocketing demand for weight loss and diabetes drugs has forced Eli Lilly and Novo Nordisk, to invest billions to increase manufacturing capacity.

Business - CNBC - 1 hour ago

Nobel economics prize goes to global inequality researchers

Three U.S.-based academics won the 2024 Nobel economics prize for their research into why global inequality persists.

The end of US global dominance presents an opportunity for America

Clinging to hegemony leads only to more costly interventions and strategic failures, as evidenced by recent decades of U.S. foreign policy.

Politics - The Hill - October 15

AI, Aging and Shifts Globalization Will Shock the American Economy

The combination of an aging work force, artificial intelligence and shifts in globalization will challenge America in ways not seen in decades.

Top stories - The New York Times - October 17

Top 20 Global Concert Tours from Pollstar

AP Global Top 20 Pollstar Week of Oct. 21

Entertainment - ABC News - October 18

Fragile confidence hinders global economic recovery

Political and economic uncertainties drag on business and household mood, Brookings-FT Tiger index shows

Business - Financial Times - October 20

The global economy has proved surprisingly resilient

But significant downside risks will continue to pose a challenge for policymakers

Business - Financial Times - October 22

TechScape: Elon Musk’s global political goals

Plus: World of Warcraft, polling and cats. • Don’t get TechScape delivered to your inbox? Sign up here . Hello, and welcome to TechScape. I’m Blake Montgomery, technology news editor at the ...

World - The Guardian - October 22