Essential Products, the company behind the Essential Phone, has laid off around a third of its employees. The hardware and sales departments were reportedly hit hardest by the cuts.
Tesla hasn't produced nearly as many of its vaunted Model 3 affordable EVs as it expected, which has led to a quarter of those who preordered the vehicle to demand refunds. As early as this year's first-quarter earnings call, Elon Musk told employees...
The ultimate motive behind anything is profit (of any kind). And J.C. Penney is no exception to the rule. Like many other retailers and business enterprises that have chosen lean thinking, the...
Macy’s is ready to let go of some of its baggage. The extra ballast in the form of 2,500 jobs that are to be vacated is a key component of a well-thought-out scheme. Already, after the decision was...
Senators Sherrod Brown (D.-Ohio) and Patrick J. Toomey (R.-Pa.) just held the first of a series of hearings asking experts how to improve retirement security, and their prescriptions are to expand...
Two of the top staff members of BlackBerry are leaving. And so the smartphone maker, which has Canada as its provenance, is left bereft of some serious talent. Chris Wormald, who handled the...
According to sources of Reuters, the reason of the buy-off rejection came as the companies were mainly interested to bid for the various assets of BlackBerry separately though the specifics of the...
An undisclosed number of staff members have been laid off in an unprecedented move at Pixar Studios. The alibi is the procrastination of its upcoming movie titled “The Good Dinosaur”. The only...
The conglomerate had been facing tough times. The computer manufacturer, Acer chose its founder, Stan Shih to lead the company after the president Jim Wong and the CEO J.T. Wang gave up their...
Everpix is calling it quits. The site that was the Global Village’s favorite photo silo has decided to end its business. The company execs met each other last month and finally decided to shut down...