General Motors has announced plans to lay off 1,695 employees at its Fairfax Assembly plant in Kansas, as part of a cost-cutting initiative that will be carried out in two phases. According to reports, the first round of layoffs will begin in November 18, and will temporarily lay off 686 full-time employees and terminate 250…
McLaren To Recall 1,012 Vehicles
McLaren is a British sports car manufacturer founded in 1963 and headquartered in Woking, England. It is a subsidiary of McLaren Group and is involved in Formula One, motorsport, as well as technology and innovations. According to reports, the company has issued a recall of 1,012 vehicles due to an issue with the hood latch…
General Motors To Recall 449,671 Vehicles
General Motors has issued a recall of 449,671 vehicles due to inoperative low brake fluid warnings. According to reports, the electronic brake control module software on impacted vehicles may fail to display a warning light when a loss of brake fluid occurs, which may potentially increase the risk of a crash over time. Affected vehicles…
Qualcomm To Layoff 226
Qualcomm, the multinational semiconductor, microchip, and software corporation, has announced plans to lay off 226 workers in San Diego later this year as part of a restructuring initiative. The report further mentions that the restructuring will enable the company to invest in key growth areas, as the layoff is a result of a slowdown in…
Amazon Rolls Out Project Amelia For Enterprise
Amazon has announced the launch of Project Amelia, an AI assistant designed to help sellers grow their businesses on the platform by answering questions about their metrics and resolving issues on behalf of sellers. According to reports, Project Amelia is currently available to a limited set of sellers in the United States and is built…
Playtika: $700 Million SuperPlay Acquisition Deal
Playtika Holding Corp. is an Israeli digital entertainment company founded in 2010 and headquartered in Herzliya, Israel. It specializes in the development and publication of mobile games. As of 2021, the company had over 35 million monthly active users. According to reports, Playtika has announced plans to acquire SuperPlay for $700 million USD upfront. This…
YouTube Rolls Out Communities Feature
YouTube, the video-sharing platform, has announced a new feature for creators to interact with their fans and viewers called ‘Communities.’ This is a space for viewers to post and interact with other fans directly within a creator’s channel. The report further mentions that viewers can share their own content in a creator’s Community to interact…
Renault To Invest $350 million In Argentina
Renault S.A. is a French multinational automobile manufacturer founded in 1899 and headquartered in Boulogne-Billancourt, Île-de-France, France. It produces a wide range of vehicles, including trucks, tractors, tanks, buses/coaches, aircraft, and aircraft engines, as well as autorail vehicles. According to reports, Renault has announced plans to invest $350 million USD in its Cordoba factory in…
Tupperware Files For Bankruptcy
Tupperware is an American company that manufactures and internationally distributes preparation, storage, and serving containers for the kitchen and home. It was founded in 1946 and is headquartered in Orlando. According to reports, Tupperware recently filed for Chapter 11 bankruptcy protection due to slow demand for its once-iconic food storage containers, as well as financial…
BlackRock & Microsoft: $30 Billion AI Investment
BlackRock and Microsoft have announced plans to launch a Global AI Infrastructure investment partnership of $30 billion USD to develop artificial intelligence infrastructure as well as data centers and energy projects. According to reports, MGX, the Abu Dhabi-backed investment firm, and Nvidia will be contributing technical expertise for AI data centers and factories as the…