The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
Category: Company Reports
-
Rivian Lost $6.8 Billion Last Year as Production Fell Short
The maker of electric trucks said it expected to double production in 2023 as the supply of parts became more reliable.
-
Berkshire Hathaway Reports Major Investment Losses in 2022
After a $22.8 billion loss, Warren Buffett called the figure “100 percent misleading” and urged shareholders to focus on his empire’s overall health.
-
Lucid Motors Steps Up Production as Supply Chain Problems Ease
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target.
-
Walmart Warns That Shoppers Are Feeling the Squeeze of Higher Prices
The retail giant reported strong results for the holiday shopping season, but said that the coming year would be tougher.
-
Norfolk Southern’s Profits and Accident Rates Rose Before Ohio Derailment
Safety experts say a focus on financial returns may be partly to blame for derailments and accidents like the one in Ohio.
-
Magic: The Gathering Generates $1 Billion in Sales for First Time
The fantasy card game has surpassed the sales of the 100-year-old company’s other brands, including Transformers and G.I. Joe, but some are worried about the downsides of rapid growth.
-
Adidas Tumbles as Losses From Its Kanye West Venture Pile Up
Shares in the German sportswear brand fell sharply on Friday as the company grapples with a mountain of unsold Yeezy merchandise.
-
Big Brands Keep Raising Prices, With Limited Shopper Resistance
Consumers continue to absorb significant price increases by PepsiCo, Unilever and others. The companies say that prices will remain high in the months to come.
-
Activist Disney Investor Declares End to Battle for Board Seat
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and eliminate roughly 7,000 jobs.
-
With Traditional TV in Free Fall, Disney Looks to Cut Costs
In the company’s first earnings report since Bob Iger returned as C.E.O., it exceeded Wall Street’s expectations. But thousands of employees are expected to be laid off.