Ernst & Young Global Ltd, one of the world’s largest professional service networks, has announced plans to lay off 148 employees in its Oceania operations as a result of leaked sensitive proprietary documents by PwC, as well as a downturn in demand for consulting. The layoffs affect jobs mostly in the consulting and financial service…
Tesla To Layoff 14,000
Tesla, the company that specializes in electric vehicles and clean energy solutions, has announced plans to lay off about 14,000 employees, which amounts to more than 10% of its global workforce. This decision is due to a slowdown in electric vehicle demand and duplication of roles and job functions in certain areas. The company aims…
State of Emergency in Pakistan
Pakistan, officially referred to as the Islamic Republic of Pakistan, is a country located in South Asia with a population of over 241 million people. It is the world’s fifth-most populous country and has the second largest Muslim population as of 2023. It is bordered by India, Afghanistan, Iran, and China. According to reports, intense…
Samsung: $6.4 Billion Semiconductor Plant Investment
The CHIPS and Science Act has announced an investment of $6.4 billion USD to Samsung, the South Korean multinational electronics corporation, to expand its semiconductor chip plants in central Texas. According to reports, the investment will support two chip production facilities, a research and development center, and a packaging facility as part of a broader…
Nigeria Approves Meningitis Vaccine
Meningitis is a serious infection that affects the meninges, which are the thin membranes that cover the brain and spinal cord. It can be caused by a variety of bacteria, viruses, or fungi, and it can be life-threatening if not treated quickly. Meningitis is often characterized by a sudden onset of fever, headache, vomiting, and…
Ford Recalls 42,652 Vehicles
Ford has issued a recall of 42,652 vehicles due to concerns that their fuel injectors could crack and cause a fuel leak in the engine compartment. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a fuel injector may crack and leak fuel inside the engine compartment, increasing the risk of a…
Checkr To Layoff 382
Checkr Inc is a background check company that was founded in 2014 and is headquartered in San Francisco. It provides on-demand background checks for employers using AI technology to streamline the process, making it faster and more efficient. The company was valued at $5 billion USD as of 2022. According to reports, Checkr has announced…
Microsoft: $2.9 Billion AI Investment in Japan
Microsoft, the multinational technology company, has announced plans to invest $2.9 billion USD in cloud computing and AI infrastructure in Japan over the next 2 years. This investment plan is aimed at improving Japan’s economy and technological advancement as Microsoft will open its first Research Asia lab in Japan and train about 3 million people…
South Korea: $7 Billion AI & Semiconductor Investment
South Korea, officially the Republic of Korea, is a country in the southern part of the Korean peninsula, in the northeast region of Asia. It has a population of over 51 million residents as of 2023. According to reports, the government of South Korea has announced plans to invest $6.94 billion USD into Artificial Intelligence…
Automattic: $125 Million Beeper Deal
Automattic Inc, the private software company behind WordPress.com, has announced the acquisition of Beeper for $125 million USD in an effort to improve its messaging capabilities as it looks to expand its reach beyond just blogging and website creation. This acquisition deal will allow Beeper and texts.com teams to work together to create an all-in-one…