#financial-losses

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#intel
Tech industry
fromThe Verge
10 months ago

Intel's big turnaround plan includes spinning off its chipmaking business

Intel is restructuring by spinning off its chip-making business to improve efficiency and recover from significant losses.
The Intel Foundry will become an independent subsidiary to clarify its operations and financial reporting.
Tech industry
fromThe Verge
10 months ago

Intel's big turnaround plan includes spinning off its chipmaking business

Intel is restructuring by spinning off its chip-making business to improve efficiency and recover from significant losses.
The Intel Foundry will become an independent subsidiary to clarify its operations and financial reporting.
more#intel
E-Commerce
fromBusiness Matters
1 week ago

River Island faces collapse unless landlords approve urgent rescue plan

River Island risks collapse without landlord support for its restructuring plan, involving store closures and reduced rents.
UK news
fromwww.bbc.com
2 weeks ago

Thames Water boss says turnaround to take 10 years

Thames Water will take at least a decade to recover from significant financial losses and operational issues.
Cars
from24/7 Wall St.
1 month ago

Rivian Continues to Fall Apart

Rivian Automotive's second-quarter deliveries dropped 23%, and the company faces significant challenges in the competitive EV market.
#meta-platforms
fromAol
1 month ago
Marketing tech

Meta Platforms' Reality Labs Division Recently Hit a Milestone, and It's Not a Good One

fromAol
1 month ago
Marketing tech

Meta Platforms' Reality Labs Division Recently Hit a Milestone, and It's Not a Good One

more#meta-platforms
#retail
fromFortune
1 month ago
Startup companies

Walgreens' lost decade: How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble

fromFortune
1 month ago
Startup companies

Walgreens' lost decade: How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble

more#retail
Tech industry
fromTechzine Global
1 month ago

'Intel to lay off 20 percent of its factory workforce'

Intel plans to lay off 15-20% of factory workers by July 2025 due to financial losses and a strategic shift under new CEO.
#boeing
Tech industry
fromFast Company
1 month ago

Air India crash sends Boeing's troubles back into the spotlight

Boeing faces renewed scrutiny and operational challenges following the fatal crash of a 787 aircraft shortly after takeoff in India.
Tech industry
fromFast Company
1 month ago

Air India crash sends Boeing's troubles back into the spotlight

Boeing faces renewed scrutiny and operational challenges following the fatal crash of a 787 aircraft shortly after takeoff in India.
more#boeing
fromFuturism
2 months ago

CEO Who Bragged About Replacing Human Workers With AI Realizes He Made a Terrible Mistake

The company had already paused its highly anticipated IPO in the US last month, which once valued it at over $15 billion.
Artificial intelligence
fromwww.housingwire.com
2 months ago

HomeVestors franchisee accused of running Ponzi scheme

This is a mess created by me. Federal authorities, including the Department of Justice (DOJ), are now investigating, according to an April call between the lead prosecutor and potential victims.
Silicon Valley real estate
Software development
fromIT Pro
2 months ago

Poor software testing risks software outages

Many organizations prioritize speed over software quality, risking outages.
The UK has a higher rate of untested code deployments than the global average.
Financial losses due to poor quality software are prevalent among organizations.
NYC startup
fromInsideEVs
2 months ago

Faraday Future Sold Fewer Than 20 Cars In Two Years

Faraday Future's future relies on new, affordable FX EV models amidst substantial financial losses.
The startup's struggles are highlighted by selling only two cars in three months.
NYC politics
fromwww.amny.com
2 months ago

MTA bleeds millions as bus fare evasion runs rampant in NYC

Fare evasion on NYC buses results in significant financial losses for the MTA, totaling millions annually, necessitating urgent action.
fromwww.mercurynews.com
2 months ago

Bay Area lender claims bankruptcy, citing $70 million in liabilities

A San Rafael lending business enters bankruptcy, leaving local investors worried about financial losses.
Many creditors are facing severe losses due to the company's liabilities exceeding its assets.
London music
fromwww.standard.co.uk
2 months ago

Stella McCartney 'set to give up her flagship Bond Street store as losses mount'

Stella McCartney's flagship London store will close due to severe financial losses, marking a shift in her business strategy.
fromInsideEVs
3 months ago

Volvo Goes Into Cost-Cutting Mode

Volvo is facing severe financial challenges prompting a significant cost-cutting initiative.
Privacy professionals
fromITProUK
3 months ago

Australian pension funds slammed for 'absolute incompetence' in wake of cyber attacks

ASFA faces cybersecurity breach, resulting in financial losses for several member companies affecting retirement funds.
#usps
fromNew York Post
4 months ago
US politics

Time to privatize the US Postal Service, the leak double standard and other commentary

USPS incurred major financial losses, prompting discussions on potential privatization as a solution.
Traditional mail usage is drastically declining, indicating the need for modernization and disruption in postal services.
US Elections
fromtime.com
5 months ago

Trump Says He May Take Control of the U.S. Postal Service. Here's What to Know

Trump may move USPS to Commerce Department control to improve efficiency and reduce losses.
The USPS has lost significant money amid declining mail volumes and demands for privatization.
US politics
fromNew York Post
4 months ago

Time to privatize the US Postal Service, the leak double standard and other commentary

USPS incurred major financial losses, prompting discussions on potential privatization as a solution.
Traditional mail usage is drastically declining, indicating the need for modernization and disruption in postal services.
US Elections
fromtime.com
5 months ago

Trump Says He May Take Control of the U.S. Postal Service. Here's What to Know

Trump may move USPS to Commerce Department control to improve efficiency and reduce losses.
The USPS has lost significant money amid declining mail volumes and demands for privatization.
more#usps
fromEntrepreneur
4 months ago

Apple Is Losing $1 Billion a Year on Apple TV+ Streaming | Entrepreneur

Apple's investment in its streaming service is enormous, with over $5 billion spent annually on content, yet it sees losses exceeding $1 billion per year.
Apple
fromInsideEVs
4 months ago

VW Group's Cariad Software Division Had A Bad Year. Again

"Last year, Cariad posted an operating loss of $2.64 billion, despite an increase in sales revenue. The trend of increasing operating losses began in 2022."
Germany news
#walgreens
NYC startup
fromwww.nytimes.com
4 months ago

Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

Walgreens Boots Alliance will be acquired by Sycamore Partners in a $10 billion deal to escape public market pressures.
fromMedCity News
7 months ago
Business

Why Walgreens Is Reportedly Considering a Private Equity Buyer - MedCity News

Walgreens is reportedly exploring a sale due to massive financial losses and declining stock value.
Experts suggest selling to private equity might be a strategic move for Walgreens' future.
NYC startup
fromwww.nytimes.com
4 months ago

Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

Walgreens Boots Alliance will be acquired by Sycamore Partners in a $10 billion deal to escape public market pressures.
more#walgreens
#manchester-united
Manchester United
fromESPN.com
5 months ago

Man Utd make 200 more staff redundant in cuts

Manchester United is cutting 200 staff to stabilize finances following over £300 million in losses over three years.
fromwww.standard.co.uk
5 months ago
Manchester United

Manchester United 'to replace hot lunches with fruit' as cuts under Sir Jim Ratcliffe continue

Manchester United is undergoing significant cost-cutting measures under Sir Jim Ratcliffe due to ongoing financial losses.
Manchester United
fromESPN.com
5 months ago

Man Utd make 200 more staff redundant in cuts

Manchester United is cutting 200 staff to stabilize finances following over £300 million in losses over three years.
Manchester United
fromwww.standard.co.uk
5 months ago

Manchester United 'to replace hot lunches with fruit' as cuts under Sir Jim Ratcliffe continue

Manchester United is undergoing significant cost-cutting measures under Sir Jim Ratcliffe due to ongoing financial losses.
more#manchester-united
Podcast
fromBusiness Insider
5 months ago

MrBeast said making his Amazon show 'Beast Games' was 'not a good' financial move: 'I lost tens of millions of dollars'

MrBeast stated that producing "Beast Games" resulted in significant financial losses, totaling tens of millions of dollars.
US news
fromwww.nytimes.com
5 months ago

So, You Want to Get Rid of the Penny. Do You Have a Plan for the Nickel?

Trump orders halt on penny production due to high minting costs.
Cost of producing pennies exceeds their face value, leading to financial losses.
More efficient coins could save government money in the long run.
#truth-social
more#truth-social
fromwww.cbc.ca
6 months ago

Canada Post is hiking its postage prices today. What does that mean for its future? | CBC News

Canada Post's price hike on stamps is aimed at offsetting financial losses but may not significantly improve its dire economic situation.
fromTechCrunch
6 months ago

OpenAI is losing money on its pricey ChatGPT Pro plan, CEO Sam Altman says | TechCrunch

OpenAI is currently losing money on ChatGPT Pro due to high user demand, prompting considerations for price adjustments.
Business
fromBusiness Matters
8 months ago

Royal Mail warns of 120 million cost increase due to National Insurance rise

Royal Mail is facing financial strain due to increased tax costs which affect its large workforce significantly.
Miscellaneous
fromComputerWeekly.com
9 months ago

ERP horror stories and how to get back on track | Computer Weekly

Many ERP implementations fail to achieve their goals, leading to inefficiencies and financial losses.
Proper assessment and readiness are crucial to successful ERP implementations. Collaboration with tech partners must emphasize transparency.
fromianVisits
9 months ago

View from The Shard visitor numbers decline amid competition from free viewing galleries

The View from the Shard struggles to maintain visitor numbers and profitability with the rising trend of free viewing options in London.
fromAbove the Law
9 months ago

The Devin Nunes Defamation Juggernaut Runs Aground

Devin Nunes left Congress to lead Trump's media company but has faced significant financial losses, reporting $16 million in losses while being heavily involved in litigation.
Law
fromwww.nytimes.com
10 months ago

GE Vernova May Cut 900 Offshore Wind Jobs as It Scales Back

GE Vernova's decision to downsize its offshore wind operations stems from significant financial losses and accidents, showcasing the challenging environment facing the wind energy sector.
Digital life
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