Nestlé introduces Vital Pursuit high-protein, fiber-rich foods for weight management. TikTok undertakes significant marketing layoffs amid restructuring. Cazoo faces insolvency aftermath post-shift in business model.
Cazoo encounters insolvency after shifting to an advertising marketplace model from online car retail, with Teneo now overseeing asset sales and seeking buyers. This sheds light on UK companies' struggles for US valuations.
TikTok plans substantial layoffs following President Biden's national ban, impacting its global operations and marketing teams. The app also disbands the user operations team, reallocating staff to other areas for efficiency.
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