Stitch Fix to Cut 20% of Salaried Jobs, CEO Stepping Down
The personal shopping and styling company’s chief executive, Elizabeth Spaulding, had been in the position for less than 18 months...
Corporate Strategy/Planning
Elon Musk’s Twitter Says It Plans to Expand Political Ads Allowed on Platform
TechPolitical advertising was largely banned in 2019 under then-CEO Jack Dorsey Source link
Defense Contractor L3Harris Plans to Buy Aerojet Rocketdyne for $4.7 Billion
BusinessAerojet makes engines used in missiles, including the Javelin deployed in Ukraine Source link
Twitter Plans to Remove Tweets Promoting Rival Social Media Platforms
TechElon Musk’s company said it would no longer allow ‘free promotion’ of platforms such as Facebook and Mastodon Source link
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country...
Gieves & Hawkes, Tailor Favored by British Royalty, Secures Rescue
The Savile Row suit maker is back in British hands after five ill-fated years of Chinese ownership that threatened its...
Elon Musk Reinstates Donald Trump’s Twitter Account After Online Poll
BusinessFormer president says he plans to remain on his own social-media platform Source link
CEO in Charge of FTX Restructuring Calls Case an ‘Unprecedented’ Mess
The crypto exchange exhibited a “complete failure of corporate controls,” former Enron chief John Ray said in his first detailed...
Tencent Slashes Meituan Stake Worth $20 Billion, Posts Revenue Drop
BusinessEarningsChinese social-media giant plans to distribute food-delivery company’s shares as special dividend to Tencent shareholders Source link
Buffett-Backed Electric-Car Giant BYD Halts Spinoff of Chip Unit
BusinessChinese company says IPO shelved to focus on booming electric-vehicle demand as chip bottleneck persists Source link
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
WorldAsiaChinaPartial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict Covid controls Source link
Facebook Parent Meta Announces Layoffs of 11,000 Staff
TechLayoffs are the first broad head-count reduction to occur in the company’s history Source link
Foxconn Plans to Invest $170 Million in EV Truck Maker Lordstown Motors
BusinessAutos & TransportationAutos IndustryThe startup plans to use the funds to hire engineers, and will develop an electric vehicle with...
WSJ News Exclusive | Lyft Plans to Lay Off About 700 Employees in Second Round of Job Cuts
The ride-hailing company is cutting 13% of staff, or nearly 700 jobs, the latest technology company to say it needed...
Chip Maker SK Hynix Slashes Capital Spending
SEOUL—SK Hynix Inc., one of the world’s biggest chip makers by revenue, halved its planned investments for next year due...
Finance Chiefs Switch Jobs, Retire as Companies Face Uncertainties
A number of finance chiefs at some of the country’s biggest companies have left their jobs in recent weeks, an...
WSJ News Exclusive | Goldman Plans Sweeping Reorganization, Combining Investment-Banking and Trading
Goldman Sachs Group Inc. GS -2.31% plans to fold its biggest businesses into three divisions, undertaking one of the biggest...
Lego Owner to Acquire Education-Technology Firm Brainpop
Lego owner Kirkbi A/S is buying U.S. video-learning firm Brainpop for $875 million, according to the companies, as the family...
WSJ News Exclusive | Chevron Sells Global Headquarters, Pares Back in California Amid Texas Expansion
The second-largest U.S. oil company closed the sale Wednesday of its Chevron Park campus in San Ramon, Calif., its global...
FedEx to Raise Shipping Rates by 6.9% as It Combats Slowdown
FedEx Corp. FDX 0.84% said it plans to raise shipping rates by an average of 6.9% across most of its...
