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…
Tesla Remotely Recalls 1.7 Million Vehicles
Tesla has issued a remote recall of 1.7 million vehicles in China due to an issue with the front trunk lid. According to reports, a software issue may cause the front trunk lid to not be detected when unlocked, resulting in a potential safety hazard. Affected vehicles include, imported Model S and X vehicles and…
Woodside Energy: $2.35 Billion Ammonia Project Deal
Woodside Energy Group Ltd, the Australian petroleum exploration and production company, has announced the acquisition of a clean ammonia project in Texas for $2.35 billion USD in cash as it seeks to grow its lower-carbon offering and cut emissions from its products. According to reports, this deal will give Woodside the ‘early-mover’ advantage in the…
Infineon Cuts 1,400 Jobs
Infineon Technologies AG is Germany’s largest semiconductor manufacturer, founded in 1999 and headquartered in Neubiberg, Germany. It designs, develops, manufactures, and markets semiconductors and related products. According to reports, Infineon has announced plans to cut 1,400 jobs globally, as part of a cost savings program. The cuts include the cancellation of several hundred positions at…
Intel To Layoff 15,000 Employees
Intel, the multinational technology company, has announced plans to lay off 15,000 employees, which amounts to 15% of its workforce, as part of a global restructuring aimed at cutting costs. According to reports, the layoffs are expected to be completed by the end of 2024 and will reduce spending by $10 billion USD in 2025….
Bungie To Layoff 220
Bungie, Inc. is an American video game company founded in 1991 and headquartered in Bellevue, Washington. It is a subsidiary of Sony Interactive Entertainment. Some of its video game franchises are Halo, Marathon, and Destiny. According to reports, Bungie has announced plans to lay off 220 employees, which amounts to 17% of the company’s workforce,…
Canva: Leonardo.ai Acquisition Deal
Canva, the online design platform, has announced the acquisition of Leonardo.ai, a generative AI content and research startup, as it aims to become a leader in the rapidly evolving world of AI-powered design tools. According to reports, Leonardo.ai’s technology will be integrated into Canva’s existing Magic Studio suite, significantly enhancing its generative AI capabilities. The…
Hyundai Recalls Over 49,700 Vehicles
Hyundai has issued a recall of over 49,700 vehicles in the United States due to an issue that could affect the operation of the airbags. According to reports, the main floor wiring harness may become damaged due to friction with the passenger side second-row bench seat assembly. The damage may cause the airbags to deploy…