BowFlex Inc. formerly known as Nautilus, Inc., is a marketer, and manufacturer of fitness equipment. It was founded in 1986 with its headquarters in Washington, USA. According to reports, BowFlex recently filed for Chapter 11 bankruptcy as a result of post-pandemic and macroeconomic conditions. The report further mentions that Johnson Health Tech would acquire all…
Apple: $1.95 Billion Antitrust Fine
Apple, the multinational technology company, has been fined a total of $1.95 billion USD (€1.8 billion Euro) by the European Commission. This fine was imposed on the technology giant for supposedly abusing its dominant position in the music streaming distribution market. According to the report, Apple restricted iOS application developers from informing users about other…
General Motors to Recall 570,434 Vehicles
General Motors has issued a recall of 570,434 pickup trucks in the United States and Canada due to a potential safety issue involving the trucks tailgates. The National Highway Traffic Safety Administration (NHTSA) stated that the electronic gate-release switch on the tailgate may short circuit if soiled, causing the tailgate to open while the car…
India: $15 Billion Semiconductor Plant Investment
The ministry of IT in India has announced an investment of over $15 billion USD for the construction of multiple semiconductor facilities in the country. These plants will be set up by the Tata Group and Powerchip Semiconductor Manufacturing Corporation (PSMC). Founded in 1868, the Tata Group is one of the largest conglomerates in India, with…
India: Reliance and Disney Merger
Reliance Industries Limited is a multinational conglomerate that specializes in various industries like energy, retail, mass media, telecommunications, and textiles. Founded in 1958 with its headquarters in Mumbai, India, it is one of the largest companies in the region, and ranks in top 100 companies globally. According to recent reports, Disney India (Indian subsidiary of…
EA to Layoff 670
Electronic Arts Inc. (EA) is an American video game company that was founded in 1982, with its headquarters in Redwood City, California. They have made famous games such as FIFA, Medal of Honor, and the Need for Speed series, all under the EA Sports label. According to reports, EA has announced plans to lay off…
Bumble to Layoff 350
Bumble is an online dating and networking application where profiles of potential matches are displayed to users who can swipe left to reject or swipe right to indicate interest. It was founded in 2014, with its headquarters in Texas, USA. The company boasts of having over 55 million users in 150 countries as of 2019….
Macy’s to Close 150 Stores
In January 2024, Incognito Blog reported the layoff affecting over 2,000 Macy’s employees, in a restructuring initiative aimed at improving customers shopping experience. In addition to the workforce reduction, the US departmental store is looking to close about 150 underperforming stores. According to recent reports, Macy’s will close down 50 store by the end of…
Sony to Layoff 900 in Gaming Division
Sony Interactive Entertainment LLC is a multinational video game and digital entertainment company. It was founded in 2016 with its headquarters in San Mateo, California. It is a subsidiary of Sony Group Corporation and primarily operates the PlayStation brand of video game consoles and products. According to reports, Sony has announced plans to lay off…
Expedia to Layoff 1,500
Expedia Inc. is an online travel agency, launched in 1996 by Microsoft, with its headquarters in Seattle, USA. It is a subsidiary of Expedia Group. Its website and mobile app are used to book airline tickets, hotel reservations, and car rentals, among other services. According to reports, Expedia has announced plans to lay off 1,500…