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…
BYD Auto: The 1,300 Horsepower EV
BYD Auto is an automotive company that specializes in the design and manufacture of electric vehicles. It was founded in 2003, with its headquarters in Guangdong, China. It is a subsidiary of BYD Company Limited, a multinational conglomerate that was founded in 1995. BYD Auto currently boasts of selling more EV’s than Tesla as of…
Volkswagen Recalls 261,257 Vehicles
Volkswagen has issued a recall of 261,257 vehicles in the United States due to issues with the fuel tank suction pumps. According to the notice from the National Highway Traffic Safety Administration (NHTSA), a problem with a suction jet pump seal inside the fuel tank may cause fuel to flow into the evaporative emissions (EVAP)…
Instagram Expands Marketplace Feature
Instagram is a photo and video sharing social media platform owned by Meta. Media contents shared on the application can be viewed by public visitors or with preapproved followers, depending on the users preference. Instagram was initially released in 2010, and has since grown to over 1 billion registered users as of 2018. According to…