McDonald’s will be evaluating staffing levels as the company undergoes a reorganization and refocuses its priorities to accelerate restaurant expansion.
Salesforce is confronting slowing growth, an activist investor concerned about the company’s operating leverage and a set of high-profile departures.
CNBC’s Jim Cramer on Wednesday warned investors that the tech industry will likely see more layoffs due to continuing macroeconomic headwinds.
Nio had expected to deliver up to 48,000 EVs in the fourth quarter, but Covid-linked supply chain issues pushed the Chinese company to cut its guidance.
Today’s unanimous vote by the five-member California Public Utilities Commission.
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.
The U.K. government on Thursday unveiled a sweeping fiscal plan aimed at plugging a gaping hole the public finances and restoring Britain’s economic credibility.
Since Elon Musk acquired Twitter, the social media business has implemented mass layoffs and now steep cuts to its contract workforce.
“We are limiting headcount additions through a targeted hiring freeze,” Disney CEO Bob Chapek said in a memo obtained by CNBC.
As freight shipping prices fall on weak global demand, Asia-based sailings are being cancelled and that’s becoming a problem for US ports including Long Beach.
Meta is laying off 13% of its staff, or more than 11,000 employees, CEO Mark Zuckerberg told employees on Wednesday.