Scout Motors Inc. is an automotive company founded in 2022 to produce off-road electric vehicles. The company is headquartered in Virginia, USA, and operates under its parent company, Navistar International. In 2021, Navistar became a subsidiary of Traton Group, therefore making the company part of the German Volkswagen Group. According to reports, Scout Motors has…
Nike to Layoff 1,700
Nike Inc. is an athletic apparel corporation founded as Blue Ribbon Sports Inc. in 1964. The company is the largest distributor of athletic apparel and shoes in the world, and boasts of being one of the leading manufacturers of sports equipment. In 2022, Nike reported a revenue of about $46 billion USD. According to recent…
Capital One to Acquire Discover
Capital One Financial Corporation is a financial holding company that specializes in banking, auto loans, credit cards, and saving accounts. The company was founded in 1994, with its headquarters located in Virginia, USA. It is one of the largest banks in the United States, and boasts of $348.4 billion USD in customer deposits and $478.5 billion USD in…
USA: Spacecraft Launch to the Moon (2)
Intuitive Machines Inc. is an aerospace company founded in 2013 with its headquarters in Texas, USA. The company boasts of lunar payload delivery contracts with the National Aeronautics and Space Administration (NASA), and specializes in the development of Universal Reentry Vehicles (URV), and flight instrument systems. According to recent reports, Intuitive Machines launched a moon lander named…
Paramount Global to Layoff 800
Paramount Global, commonly referred to as Paramount, is a multinational media and entertainment conglomerate formed through the merger of a division of CBS Corporation and Viacom. Founded in 2019, the company’s divisions include televisions and media networks like MTV, Nickelodeon, and Comedy Central, etc. With its headquarters in New York City, USA, Paramount operates over…
Cisco to Layoff 5%
Cisco Systems Inc. is a multinational technology conglomerate that manufactures and sells networking hardware, telecommunication equipment, and software products such as video conferencing, energy management, and domain security systems. It was founded in 1984 and is headquartered in California, USA. According to reports, Cisco has announced plans to lay off 5% of its global workforce,…
Morgan Stanley to Layoff Hundreds
Morgan Stanley is a multinational investment bank and financial services company that provides services to corporations, governments, institutions, and individuals. Boasting of offices in about 41 countries, the company was founded in 1935 and is headquartered in New York City. According to reports, Morgan Stanley has announced plans to lay off hundreds of employees across…
Mozilla to Layoff 60
The Mozilla Corporation was founded in 2005 and is headquartered in San Francisco, California. It is a subsidiary of the Mozilla Foundation. The corporation is responsible for the development of Internet-related applications such as the Firefox web browser, email software Thunderbird, and the Pocket article-saving app. According to reports, Mozilla has announced plans to lay…
Instacart to Layoff 250
Instacart, formally referred to as Maplebear Inc., is a retail delivery company that specializes in grocery pick-up and distribution services in the United States and Canada. Customers order groceries or alcohol using the website or mobile application and the store run is completed by a personal shopper. The company was founded in 2012, with its…
Tesla Welcomes Stellantis To EV Superchargers
Stellantis N.V. is a multinational automotive company founded in 2021 through a merger of Fiat Chrysler Automobiles (FCA) and PSA Group. It is headquartered in Amsterdam, Netherlands. As of 2022, Stellantis was the world’s fourth-largest automaker by sales. The company manufactures and distributes vehicles under its subsidiaries including Maserati, Jeep, Peugeot, Ram, Alfa Romero, Abarth,…