Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
Category: Layoffs and Job Reductions
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The Worst Part of a Wall Street Career May Be Coming to an End
Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine
Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.
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Sports Illustrated’s Owner Sues Energy Drink Mogul After Chaos at Magazine
Authentic Brands Group, which owns Sports Illustrated, is accusing Manoj Bhargava of failing to pay millions of dollars for the rights to publish the magazine.
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4 Takeaways About Boeing’s Quality Problems
The company’s issues date back years, employees said, and were compounded by the pandemic, when it lost thousands of experienced workers.
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How Boeing Favored Speed Over Quality for the 737 Max
Problems have plagued the manufacturer even after two fatal crashes, and many current and former employees blame its focus on making planes more quickly.
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Inside Amira Yahyaoui’s Claims about Mos, a Student Aid Start-Up
Amira Yahyaoui, a human rights activist, promoted the success of her student aid start-up, Mos. Some of her statements do not add up, according to internal data and people familiar with the company.
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Unilever to Spin Off Ben & Jerry’s and Cut 7,500 Jobs
The consumer goods giant said the moves would make for a “simpler, more focused company” as consumers trade down to cheaper brands amid high inflation.
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China’s Exports Surge Are Drawing a Global Backlash
Increasing overseas sales of manufactured goods are helping China’s economy and creating employment, but countries from Europe to South Asia may lose jobs.
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U.S. employers added 275,000 jobs last month.
Economists are trying to gauge whether last year’s forecasts of a slowing labor market were mistaken or simply premature.
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U.K. to Cut Taxes Again as Election Nears
The Conservative government, trailing badly in the polls, proposed the second tax cut in four months.