Innovation
Disney World Closes Its Newly Launched ‘Star Wars Hotel’ Amid Cost Cuts and Layoffs
Disney World is closing down its Star Wars-themed luxury hotel two years after it opened the much touted property offering immersive space experience. The Star Wars hotel, which offers...
LinkedIn Lays off More Than 700 Employees and Shuts Down InCareer App in China
Microsoft-owned LinkedIn has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China.The company's CEO...
SEC Probes Top First Republic Executives Who Sold Millions Worth O=of Shares Before Crash – Report
The US regulators have launched a probe into the executives of First Republic Bank following the crisis-hit bank's takeover by JPMorgan. The Securities and Exchange Commission is investigating if...
Subway Comes Up With Debt Plan to Clinch $10 Billion-Plus Sale – Report
The bankers running the sale process for Subway have given the private equity firms vying for the sandwich chain a $5 billion acquisition financing plan, hoping to overcome a...
Meta Share Surge Makes Zuckerberg Richer by $10 Billion As Facebook Makes More Money After massive Layoffs
A surge in Meta's share prices after its strong quarterly results resulted in Facebook founder Mark Zuckerberg's wealth rising by more than $10 billion, even as reports of layoffs...
Amazon Rakes in Massive Profits in First Quarter, Months After Cutting 27,000 Jobs
Amazon returned to profit and recorded better than expected profit of $3.2 billion for the first quarter. This return to profits came after reporting a loss of $3.8 billion...
Microsoft and Google’s Quarterly Revenue Surges After Cutting Thousands of Jobs Citing Poor Outlook
Tech giants Alphabet and Microsoft reported higher than expected quarterly revenues and the companies' shares rose more than 5 and 9 percent respectively on Tuesday.Alphabet, Google and YouTube parent...
