Corporate

LinkedIn is the latest digital company to lay off workers, cutting 716 positions out of a 20,000-person workforce. According to the BBC, the social media network aimed at business professionals will also phase down its local...

The CEO of IBM stated that he intends to reduce the computer giant’s back office headcount by approximately one-third due to developments in artificial intelligence. In an interview with Bloomberg on Monday, Arvind Krishna stated that...

Qantas Group nominated Vanessa Hudson as its next CEO on Tuesday, succeeding cost-cutting Irish-Australian Alan Joyce, who has been in charge for over 15 years. Qantas, which celebrated a “huge turnaround” when it returned to profit...

Disney filed a lawsuit against Florida Governor Ron DeSantis on Wednesday, alleging that his administration’s takeover of its theme park district is part of “a targeted campaign of government retaliation” for its opposition to a legislation...

International Business Magazine just named Standard Chartered Bangladesh the best CSR bank in Bangladesh and the most creative digital bank. According to a press statement, the bank got the two coveted prizes for its excellent dedication...

Shares of Facebook parent Meta rose on Wednesday as the internet behemoth posted a $5.7 billion profit in the first quarter of this year, above expectations despite a large wave of cost-cutting and layoffs. According to...

Netflix CEO Ted Sarandos announced a $2.5 billion investment in South Korean programming over the next four years after meeting with President Yoon Suk Yeol in Washington. South Korea has established itself as a global cultural...

Elon Musk’s electric vehicle company, Tesla, revealed a decline in first-quarter earnings on Wednesday as price cuts spurred demand but hurt profit margins. On $23.3 billion in revenues, up 24 percent from the prior period, profits...

According to figures released on Wednesday by the European Automobile Manufacturers Association, new automobile sales in Europe surpassed one million for the first time since June 2021. In March, there were 1,087,939 new car registrations, a...

On Tuesday, Apple inaugurated its first retail store in India, highlighting the US tech giant’s growing focus on the South Asian nation as a crucial sales market and alternative manufacturing base to China. Apple CEO Tim...