Amazon’s Cost-Cutting Strategy Includes Laying Off
The tech giant Amazon is set to eliminate approximately 14,000 managerial positions by early 2025. This reduction represents a 13% decrease in its global management workforce, bringing the tidal numbers of managers down from 105,770 to 91,936. The company projects these layoffs will result in annual savings ranging from $2.1 billion to $3.6 billion. This…
Shipra Prajapati
Forever 21 Files For Bankruptcy Amid mounting Debt
Forever 21’s operator in the United States of America filed for bankruptcy on Sunday, as the brand that helped popularize fast fashion in the 90s struggles to run an offline retail business among big online retailers like Amazon and others. F21 OpCo, the operator of Forever 21, as well as some of its subsidiaries, have…
Suryansh
Voice of America Shut Down by President Donald Trump
For the last 80 years, Voice of America has been used to spread news into various countries, mainly authoritarian, where reliable sources of news and information were a little hard to come by. Now, those broadcasts have just ceased to exist as the President of the United States of America, Donald Trump, signed an executive…
Trump Tariff Plans Hit US Stock Market Like a Wreacking Ball
The U.S. stock market has witnessed a massive decline, wiping out over $4 trillion in value, as escalating trade tensions and economic uncertainties rattle investor confidence. The losses come from renewed trade conflicts, with analysts fearing a potential recession. The S&P 500 has dropped over 8% from its recent high, while the Nasdaq Composite has…
Asana’s CEO Dustin Moskovitz Announces Retirement
Dustin Moskovitz, the CEO of Asana, a software company, and one of the original founders of Facebook, is retiring from his position. The company announced its departure as a part of the fiscal fourth-quarter earnings report, and the board has retained its search for a new CEO. Moskovitz notified the company’s board “of his intention…
Trump’s TikTok Ultimatum: U.S. Buyers Rush to Secure Deal
On Sunday, US President Donald Trump said that his administration is in talks with about four buyers for the sale of TikTok’s US business, as proposed a month earlier. This comes after the owner of TikTok, Bytedance, was deemed a risk to national security. Now, the social media platform has been given a deadline of…
abhinav singh
Tariffs Halted On Imports From Canada and Mexico
In a week full of retaliatory actions, President Trump has shown a bit of a soft side. The President has granted temporary tariff exemptions for Canadian and Mexican imports covered by the North American trade agreement known as USMCA until April 2nd. According to the officials in the White House, around 50% of Mexican and…
Alberta Bans US Alcohol As a Reaction to Trump’s Tariffs
The head of Canada’s Alberta province, Premier Danielle Smith, has announced that the province will limit or completely ban liquor from the United States of America, making it the fifth province in Canada to do so. She said that this is in retaliation against the 25% tariffs imposed by President Trump. Moreover, she called the…
Vipin
BlackRock to Buy Two Panama Canal Ports From Hong Kong
Recently, Donald Trump said that America made the Panama Canal and joined the two axes of the world. He said it’s a shame that American interests do not control the canal. Now, American asset management firm BlackRock has agreed to buy two ports at either end of the Panama Canal from a Hong Kong-based firm. …
TSMC Announces Massive Investment in United States
The leading chip-making company in the world, TSMC, has announced that it will be investing $100 billion in the United States of America to expand its semiconductor production in the country. The investment is planned to go towards building five state-of-the-art fabrication facilities, adding towards the commitments the company has already made in the country. …