Ben & Jerry's was among the businesses that announced it would lose staff, with the ice cream maker's parent company Unilever announcing last month itwill layoff 7,500 workersworldwide. Credit reporting agency Transunion announced 640 jobs cuts last month, the Chicago Tribunereported. In a reg...
Additionally, more and more companies are announcing layoffs, particularly in the Tech sector. I pointed out above that I am not a great forecaster of economics or of the market as a whole so the above discussion may not mean inflation moderates further, or that Fed Rate hikes stay below a...
A number of companies across sectors kicked off 2024 by announcing they are slashing jobs on the heels of worker layoffs at the end of 2023. Experts sayinvestments in AI could be a contributor, but aren't exclusively to blame. Here's a list of companies that are reducing head counts. Tec...
The company used its competencies in producing visors forNHL playersto manufacture single-use shields for medical workers. Soon after announcing its new product launch, Bauer got one million orders. While it assumed that demand for its protective wear would significantly decrease by the end of March...
Shortly after announcing its year-end financial results, Merck’s lead HIV therapycame up bigin a phase 3 trial, setting up a market battle with Johnson & Johnson’s Prezista. 6. Sanofi 6. Sanofi Headquarters: Paris 2016 revenue: €34.708 billion (about $36.57 billion) ...
And with accelerating new-to-brand gains in Europe, plus almost 50% share of total scripts in its class, Elquis has a “tremendous opportunity to continue to grow,” CEO Giovanni Caforio said in announcing the company’s fourth-quarter and 2017 results. ...
The Washington Post is one of several employers announcing layoffs at the start of 2025. Photo: Ting Shen/Bloomberg When a firm is struggling, layoffs come as little surprise. But culling staff when things are flush is another story. That’s what makes recent layoffs from ...
from its ad sales team as it further invests in AI. Although Google did not directly attribute the layoffs to AI, in a memo to employees obtained byBusiness InsiderGoogle's chief business officer, Philipp Schindler, referred to the "profound moment we're in with AI" in announcing the cuts...