After a deal with Nexus Capital Management fell through, Big Lots closed a deal with Gordon Brothers Retail Partners in January, which allowed the transfer of Big Lots assets, including stores, distribution centers and intellectual property, to other companies. Variety Wholesalers, which owns more...
Ultimately, it turned to store closures and layoffs. While it narrowly avoided bankruptcy in February thanks to a share sale, it was unable to uphold the terms of the agreement. The retailer announced it would close its stores while it tries to sell parts of the business. David’s Bridal ...
Layoffs in the gaming industry have been widespread, with other companies like Riot Games, Twitch, and Discord also making significant cuts this year. GoPuff mass layoffs: Gopuff, a fast-delivery startup, reduced its workforce by 6% on May 17, 2024, marking its fifth round of layoffs since ...
Shortly before taking over the San Francisco company last week, Musk issued a vow to advertisers that he would not allow Twitter to become a "free-for-all hellscape," an indication there would still be consequences for violators of its rules against harassment, violence, or election and COVID...
penalties for proscribed levels of fraudulent activity; and a minimum track length for nonmusic noise uploads to earn revenue. When announcing this news, the company said that the changes will enable it to drive approximately “an additional $1 billion in revenue toward emerging and professional ar...
And while not all tech giants are announcing layoffs, other big players are undergoing hiring freezes. Amazonconfirmeda corporate hiring freeze on Thursday andBloombergreportsthat iPhone giant Apple has “paused hiring for many jobs outside of research and development.”...