Stellantis, the parent company of Chrysler, has announced plans to lay off 2,450 factory workers from its Warren Truck assembly plant outside of Detroit. According to reports, the layoffs come as the company ends production of the Ram 1500 Classic truck and shifts its focus to the production of the Jeep Wagoneer SUV. The layoffs…
Paramount Global To Layoff 2,000
Paramount Global, the multinational media and entertainment company, has announced plans to lay off 2,000 employees, which amounts to 15% of its workforce, as part of a cost-saving initiative that will save the company $500 million USD annually. The report further mentions that the company will reduce the value of its cable TV networks by…
BMW To Recall 105,558 Vehicles
BMW has issued a recall of 105,558 vehicles in the US due to issues with the starter motor. According to the notice from the National Highway Traffic Safety Administration (NHTSA), in the event the starter motor fails, repeated attempts to start the vehicle can cause the starter motor to overheat from an electrical overload. Affected…
Techstars To Layoff 17%
Techstars is a global startup accelerator and venture capital firm founded in 2006 and headquartered in Boulder, Colorado. It provides funding, mentorship, and resources to early-stage companies. According to reports, Techstars has announced plans to lay off 17% of its workforce, which will affect the engineering, support services, and those working in sales and partnerships….
Texas: World’s Largest 3D-Printed Neighborhood
The world’s largest 3D-printed neighborhood, which started construction in November 2022, is near completion in Georgetown, Texas, and will consist of 100 homes. According to reports, the 3D-printed homes at Wolf Ranch, a community in Georgetown called the “Genesis Collection”, will feature single-story 3 to 4-bedroom homes with rooftop solar panels, which take about 3…
Tesla: First All-Electric Giga Train In Germany
Tesla has successfully launched its first fully electric “Giga Train” in Germany, which will transport employees to work at Tesla’s Gigafactory in Grünheide, where they will build the company’s all-electric vehicles. According to reports, the Giga Train is free to all passengers, including non-Tesla employees, and connects the Tesla station known as Tesla Süd with…
Payoneer: $61 Million Skuad Acquisition Deal
Payoneer Global Inc. is an American financial services company founded in 2005 and headquartered in New York City. The company offers cross-border payments in more than 150 local currencies. It provides online money transfer, digital payment services, and working capital for customers. According to reports, Payoneer has acquired Skuad, a global HR and payroll platform,…
Ziff Davis: $100 Million CNET Acquisition Deal
Ziff Davis, Inc. is an American digital media and internet company founded in 1927 and headquartered in New York. It owns technology and health-oriented media websites, online shopping-related services, internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. According to reports, Ziff Davis has acquired CNET (Computer Network) from Red Ventures for…
Hyundai: $28 Million EV Assembly & Battery Facility
Hyundai Motor Company has announced plans to invest $28 million USD in Thailand to set up a facility for assembling electric vehicles and batteries. The report further mentions that the facility will be located southeast of Bangkok, Thailand’s capital city, and is scheduled to start production in 2026. Thailand’s strong existing supply chain will allow…
Dell To Layoff 12,500
Dell Technologies Inc. the American multinational technology company has announced plans to lay off 12,500 employees, which amounts to 10% of its workforce. According to reports, this is part of a sales reorganization as the company plans on becoming a leaner company and streamlining layers of management. The layoffs will affect sales, marketing, and engineering…