Northvolt pays Swedish tax bill by deadline on 'day of destiny'
Northvolt successfully paid its tax bill, avoiding immediate bankruptcy risks, while negotiations for a significant financial aid package remain ongoing.
TikTok just laid off hundreds from its global workforce. Here's why
TikTok is laying off hundreds of employees globally as part of a strategic shift towards increased AI usage in content moderation.
Intel to spin-off Foundry in an attempt to regain profitability
Intel is spinning off its chipmaking division to enhance capital efficiency and streamline operations.
Top Biglaw Firm Closing 3 Offices, Laying Off Attorneys And Staff
Hogan Lovells is closing three offices to focus on key markets, not due to economic reasons.
More layoffs coming for employees who worked at Ontario Science Centre | CBC News
The Ontario Science Centre is undergoing layoffs amid its planned relocation to a temporary site, affecting numerous employees who are distressed by the situation.
In the US, remote workers are the first to go when companies downsize
Remote employees face a higher risk of job cuts due to proximity bias compared to in-office workers, especially after the pandemic.
Goldman Sachs cutting several hundred employees in annual cull of low performers
Goldman Sachs is laying off hundreds of employees as part of its annual performance review and aims to hire more staff by year-end.
COVID-19 test maker Cue Health once worth $2.3B lays off entire company and shuts down
Cue Health, a San Diego biotech firm supplying COVID-19 test kits, shut down due to FDA warning on false results, resulting in employee layoffs.
Berkeley Unified approves staff layoffs as state budget tightens
Berkeley Unified School District approved layoffs of roughly 20 employees due to budget constraints, with a focus on auxiliary staff rather than teachers.
Possibility Space Shuts Down, Founder Blames Leaks
Possibility Space studio shut down due to leaks about Project Vonnegut, leading to game cancellation and employee layoffs.