Cuts

Byju’s says its recently launched $200 million rights issue has been fully-subscribed, but the startup’s founder urged some of its major investors to participate amid a rift between the edtech group and some of its largest shareholders. The Bengaluru-headquartered startup, valued at $22 billion in its last financing round in early 2022, announced last month that it would attempt to raise about $200 million through a rights issue. Byju’s cut the pre-money valuation ask in the rights issue to…

Less than 24 hours after lowering prices of its 2023 Mustang Mach-E models in Canada, Ford Motor Company has followed suit in the US, reducing MSRPs of all trims to adapt to slower EV demand. Lease programs offer additional discounts in the US, making the Mach-E more affordable than ever. Additionally, Ford has added new incentives for the F-150 Lightning. It’s been over four years since Ford first unveiled the Mustang Mach-E – an all-electric crossover SUV that took one of its most celebrated nameplates…

If you were looking to get your hands on a new Mustang Mach-E in Canada (or even the US), now may be a better time than ever. Ford drastically lowered prices on the 2023 Mustang Mach-E in Canada with up to $13,000 in savings. Ford drops 2023 Mustang Mach-E prices in Canada Ford looks to make the Mustang Mach-E more competitive with lower prices in Canada. The automaker is dropping MSRP between $5,000 and $13,000 on the 2023MY. According to an update from Ford (via DriveTeslaCanada), all 2023…

Samsung has a tradition of offering year-end bonuses to employees across the entire organization to thank them for a job well done. When times have been good for the company, it has given significant incentives to employees to boost their morale. The past year hasn't been great for the company financially as it suffered a significant profit decline due to the lackluster performance of its semiconductor division. This has made it necessary for the company to cut bonuses altogether. Samsung's chip division gets no bonuses…

Anglo American Platinum said more than 4,300 jobs could be affected in a restructuring as it grapples with lower prices, rising costs and an uncertain outlook. Anglo American Platinum said more than 4,300 jobs could be affected in a restructuring as it grapples with lower prices, rising costs and an uncertain outlook. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

Mathisworks | Digitalvision Vectors | Getty ImagesCorporate America has a message for Wall Street: It's serious about cutting costs this year.From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker Mattel, PayPal, Cisco, Nike, Estée Lauder and Levi Strauss are just a few of the firms that have cut jobs in recent weeks.Department store retailer Macy's said it will close five…

Major PS5 price cuts are in full swing (Image: GETTY . SONY . EXPRESS NEWSPAPERS) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Get the PS5 Slim from Sony for the cheapest price we've ever seenSony has slashed the price of its newest PS5 Slim on its PS Direct store.That means you could save £60 when you buy the new console which only just released in November.Don't be alarmed by the size of it compared to the old PS5 as it can still run all…

Embracer Group has released its fiscal report for Q3 2023, and while much of it is operational information for shareholders, it does provide some insight into where they are in regard to the vicious restructuring that has resulted in a tremendous number of lost jobs. Headlining this is a 4% growth of sales, but this growth isn’t due to their PC/Console games, which has actually contracted 5%. Instead, this is largely because of their tabletop games and “Entertainment & Services,” while mobile games also saw a small…

With its second all-electric model hitting the market this year, Lucid Motors wants to ensure consumers don’t forget about its flagship sedan – the Air. Having just launched its 2024 Air models a couple of months ago, slashing prices, Lucid has lowered its MSRPs once again, incentivizing potential customers with additional charging and maintenance bonuses as well. Lucid Motors ($LCID) looks to bounce back in 2024 following a Q4 2023 report that detailed a drop in YOY deliveries. The Air sedan has fared…

Another day, another layoff occuring in the tech world. Instacart, the popular grocery delivery and pick-up service has announced the termination of 250 employees — about seven percent of its workforce. The layoffs are primarily individuals from middle management or who work on advertising through platforms like Google Ads and Roku. Most of the layoffs will go into effect by March 31 with Instacart estimating that the process will cost the company between $19 million and $24 million due to factors like severance pay and…