Unilever has announced plans to lay off 3,200 employees in Europe as part of a productivity program aimed at boosting the growth of the company. The report further mentions that the layoffs are expected to be completed by the end of 2025 and will primarily affect office-based roles. In March, incognito blog reported a global…
Toyota Invests In EV Charging Network Ionna
Toyota has announced plans to invest in Ionna to establish a new electric vehicle (EV) charging network throughout North America in partnership with BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis. According to reports, this investment will give Toyota and Lexus customers access to a public network of DC fast chargers which are scheduled to…
Bain Capital: $4.5 Billion Envestnet Acquisition Deal
Bain Capital, LP, is an American private investment firm founded in 1984 and headquartered in Boston, Massachusetts. It boasts $185 billion USD of assets under management and specializes in private equity, impact investing, public equity, tech opportunities, real estate, etc. According to reports, Bain Capital has announced plans to buy Envestnet valued at $4.5 billion…
Intuit To Layoff 1,800
Intuit Inc. is an American multinational business software company founded in 1983 and headquartered in Mountain View, California. It specializes in financial software. Some of its products include TurboTax, a tax preparation software, and Quickbooks, an accounting software for businesses. According to reports, Intuit has announced plans to lay off 1,800 employees, which amounts to…
CNN To Layoff 100
CNN, also known as Cable News Network, is a multinational 24-hour cable news channel that provides continuous coverage of news events from around the world. It was founded in 1980 and is headquartered in Atlanta, Georgia. According to reports, CNN has announced plans to lay off 100 employees as part of a plan to merge…
BMW Recalls 394,029 Vehicles For Airbag Failure
BMW has issued a recall of 394,029 vehicles in the United States due to faulty airbag inflators. According to the notice from the National Highway Traffic Safety Administration (NHTSA), the faulty airbag inflators, PSDI-5, manufactured by Takata Corporation, could explode during an airbag deployment, propelling sharp metal fragments that can hit the driver or passenger…
Lucid Recalls 12,757 Vehicles
Lucid has issued a recall of 12,757 vehicles due to a software error as well as an issue with the coolant heater. According to reports, the software error could cause the vehicle to lose drive power and increase the risk of a crash. Affected vehicles include 5,251 units of its 2022-2023 Air luxury sedans. The…
Dyson To Layoff 1,000
Dyson Limited, also known as Dyson, is a Singapore-based multinational technology company founded in 1991 as Barleta Limited in England. The company designs and manufactures household appliances such as vacuum cleaners, air purifiers, hand dryers, hair dryers, and lights. It is currently headquartered in St James Power Station, HarbourFront, Singapore. According to reports, Dyson has…
TSMC: $1 Trillion Market Cap
TSMC, Taiwan Semiconductor Manufacturing Company Limited, the multinational semiconductor manufacturing and design company that is used by Apple, Qualcomm, Huawei, Intel, AMD, and Nvidia for a series of chips, hit the $1 trillion USD market cap mark after its shares rose 4.8% on July 8, 2024. According to reports, the success is a result of…
BYD: $1 Billion Manufacturing Plant In Turkey
BYD, the Chinese automotive company, has announced plans to set up a manufacturing plant in Turkey worth $1 billion USD as part of the company’s expansion outside China. According to reports, the plant will have the capacity to manufacture 150,000 vehicles annually. It is expected to start production by the end of 2026 and will…