GoPro Inc. is an American technology company founded in 2002 and headquartered in San Mateo, California. It manufactures action cameras and develops its own mobile apps and video-editing software. According to reports, GoPro has announced plans to lay off 15% of its workforce, which amounts to about 139 employees, as part of a restructuring plan…
BMW To Recall 720,796 Vehicles
BMW has issued a recall of 720,796 vehicles in the United States over concerns of a short circuit. According to the notice from the National Highway Traffic Safety Administration (NHTSA), an improperly sealed electrical connector on the water pump may be exposed to water and short circuit, which can potentially cause a fire. Affected vehicles…
General Motors To Layoff 1,000
General Motors, the American multinational auto manufacturing company has announced plans to lay off over 1,000 employees, which amounts to about 1.3% of its global workforce as part of a restructuring initiative. The report further mentions that the restructuring is aimed at streamlining operations and prioritizing investments with the greatest impact. The layoffs will affect…
AMD: $4.9 Billion ZT Systems Acquisition Deal
Advanced Micro Devices Inc (AMD) is an American multinational fabless semiconductor company founded in 1969 and headquartered in Santa Clara, California. It specializes in the design and manufacturing of memory chips and other essential components for computer processors. According to reports, AMD has announced plans to acquire server maker ZT Systems for $4.9 billion as…
Mastercard To Layoff 3%
Mastercard Inc. is a payment facilitating company founded in 1966 and headquartered in New York, USA. It offers transaction processing and booking-related payment services. The company’s primary offering is to process payments between banks and card issuers that use Mastercard debit, credit, and prepaid cards. According to reports, Mastercard has announced plans to lay off…
Ford To Recall 85,000 Vehicles
Ford has issued a recall of about 85,000 vehicles due to the risk of an engine fire. According to reports, in the event of an engine failure, engine oil and fuel may be released into the engine compartment and accumulate near ignition sources such as hot engine or exhaust components, possibly resulting in an engine…
BMW To Recall 1.36 Million Vehicles In China
BMW has issued a recall of 1.36 million vehicles in China due to airbag safety concerns. According to reports, the recall is related to potential risks with the Takata airbag inflators, which affect both locally manufactured and imported BMW vehicles. Affected vehicles include 598,496 units produced in China and 759,448 imported vehicles produced between 2003…
LL Flooring Files For Bankruptcy
LL Flooring, formerly known as Lumber Liquidators Flooring, is an American retailer of hard-surface flooring founded in 1994 and headquartered in Richmond, Virginia. It specializes in hardwood flooring, laminate flooring, vinyl plank flooring, tile flooring, bamboo flooring, and cork flooring, as well as flooring tools and accessories. According to reports, LL Flooring recently filed for…
Roper Technologies: $1.5 Billion Transact Campus Deal
Roper Technologies, Inc., formerly known as Roper Industries, is an American diversified industrial company that provides software, services, and engineered products for various industries. It was founded in 1981 and is headquartered in Sarasota, Florida. According to reports, Roper Technologies has agreed to acquire Transact Campus for the sum of $1.5 billion USD to strengthen…
Cisco To Layoff 7%
Cisco, the multinational technology company that designs, manufactures, and sells networking hardware, software, and services, has announced plans to lay off 7% of its global workforce as part of a cost-cutting initiative. According to reports, the layoffs are expected to cost the company about $700 million to $800 million USD in the first quarter of…