Category: Company Reports

Salesforce to Lay Off 10 Percent of Staff and Cut Office Space

The New York Times – Business:
The software company plans to cut around 8,000 jobs as business slows for tech companies. “We hired too many people leading into this economic downturn,” Salesforce’s chief executive said.
Tesla Car Sales Rose 18% in Last Quarter

The New York Times – Business:
The company’s rapid growth is expected to ease as the economy slows and demand for its electric cars weakens.
Twitter Users Say Elon Musk Should Quit as C.E.O.

The New York Times – Business:
After weeks of turmoil since he bought the company, Mr. Musk surveyed Twitter about whether he should remain in charge, and said he would abide by the result.
GLAAD Praises Increased Inclusiveness of Disney Films

The New York Times – Business:
In a report on L.G.B.T.Q. representation in movies, the organization lauded the studio but noted some depictions were one dimensional or stereotypical.
Business Travel’s Rebound Is Being Hit by a Slowing Economy

The New York Times – Business:
By the early fall, domestic business travel was back up to nearly two-thirds of its prepandemic level. But companies have now begun to cut back.
Thanksgiving and Inflation: The Cost of the Holiday This Year

The New York Times – Business:
Holiday costs from groceries to travel are up, and consumers have been willing to pay them.
Europe’s Wind Industry Is Stumbling When It’s Needed Most

The New York Times – Business:
Makers of wind turbines are reporting mounting losses, and fret about losing out to rivals from China, as countries chase ambitious clean energy targets.
Bog Iger’s Return to Disney Shocks a Discontented Kingdom

The New York Times – Business:
After Bob Chapek, the departing chief executive, tried to put a sunny spin on a disastrous earnings report this month, senior Disney leaders began talking about resigning.
US Shoppers Are Still Spending, as Long as Retailers Give Them a Reason

The New York Times – Business:
Retail sales rose last month, and several companies reported strong earnings. But discounts seemed to drive a significant portion of purchases.
Stocks Jump on Hopes of Lower Inflation

The New York Times – Business:
Lower-than-expected data on wholesale prices and resilient earnings from retailers were cheered by investors.
Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade

The New York Times – Business:
Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.
Walmart Defies Gloom Over Inflation With Sales and Profit Upgrade

The New York Times – Business:
Ahead of the critical holiday shopping season, the nation’s largest retailer reported stronger-than-expected earnings and signaled confidence with a $20 billion share buyback.