Posts in tag

redundancies


Oct. 29, 2023 11:36 am ET SINGAPORE—TikTok is asking managers across the world to give more employees lower ratings in performance reviews, a move that staff fear could reduce bonuses and lead to layoffs, people familiar with the matter said.  In mid-October, managers were told by senior management and staff in human resources that they needed …

Meatpacking company JBS USA Holdings Inc. said it has removed hundreds of at-risk workers from a Colorado beef plant in response to rising Covid-19 infections, as the U.S. meat industry seeks to defend itself against the pandemic’s current surge. JBS’s move comes as the largest U.S. beef processor faces a fresh Covid-19 outbreak in Greeley, …

BuzzFeed Inc. has agreed to acquire Verizon Media’s HuffPost in a stock deal, the companies said Thursday, uniting two of the larger players in digital media as companies across the sector search for ways to jump-start growth. The acquisition is part of a larger deal between BuzzFeed and Verizon Media, a unit of Verizon Communications …

Text size Andrew Harrer/Bloomberg American Express has agreed to buy nearly all of fintech Kabbage as it seeks to expand its services for small businesses. Financial terms weren’t announced, although press reports peg the sale at $850 million. AmEx (ticker: AXP) is buying Kabbage’s team as well as its suite of financial technology products, data …

Boeing Co. BA -4.29% will suspend production of its 737 MAX jetliner, according to people briefed on the matter, escalating the crisis confronting the aerospace giant and raising the prospect of job cuts and furloughs across the global aerospace industry. The company is expected to halt production in January, according to one of the people. …

Masayoshi Son, SoftBank’s chairman and CEO who also runs the Vision Fund, has told staffers at the fund to push the companies in which it owns stakes to generate cash, these people said, a drastic shift from his earlier demands that they spend aggressively to drive sales growth. Vision Fund executives are scrutinizing some deals …