Automattic Inc is a private software company founded in 2005 with its flagship product as WordPress.com, a web building and self-publishing platform. WordPress.com is not to be confused with WordPress, the later is a standalone web content management system founded in 2003. Automattic is headquartered in California, USA, and is reportedly valued at over $7…
Samsung SDI & Hyundai EV Battery Deal
Samsung SDI Corporation is a battery and electronics hardware manufacturer that specializes in energy solutions and electronic component production. The company is a subsidiary of Samsung Group, with its headquarters in Yongin, South Korea. According to recent reports, Samsung SDI has entered into a partnership with Hyundai Motor Company to aid the supply of electric…
Tesla Welcomes Toyota to EV Superchargers
Toyota Motor Corporation is a Japanese multinational automotive corporation that was incorporated in August 1937. As of December 2020, Toyota was the biggest company in Japan and the 9th largest company by revenue in the world. Producing about 10 million vehicles annually, the company boasts of being one of the largest automobile manufacturers globally. According…
Nvidia and Foxconn AI Factory Deal
Nvidia is a multinational chip manufacturing company, and Foxconn, also referred to as Hon Hai Precision Industry Co. Ltd, is a multinational electronics contract manufacturer founded in 1974, with its headquarters in New Taipei, Taiwan. Foxconn specializes in manufacturing various electronic products including the iPhone, BlackBerry, PlayStation, Kindle, Google Pixel, Microsoft’s Xbox, Sega, and Nokia…
Nokia to Layoff 14,000
Nokia Corporation, commonly referred to as Nokia, is a multinational telecommunication and consumer electronics company with its headquarters in Espoo, Finland. Founded in 1865, the company was the largest worldwide vendor of mobile phones during the year 1998. In late 2000s, Nokia restructured its offerings and partnered with Microsoft, this arrangement led to the sale…
Tesla Welcomes BMW to EV Superchargers
BMW Group has announced that its electric vehicles (EVs) in the United States of America (USA) and Canada will adopt the North American Charging Standard (NACS), and owners of BMW, MINI, and Rolls-Royce EVs will have access to designated Tesla Superchargers, starting in 2025. According to the report, this partnership is in a bid create…
Tesla Recalls 54,000+ Vehicles
Tesla has issued a recall report through the National Highway Traffic Safety Administration (NHTSA) that affects its X Models manufactured between February 2021 – September 2023. The vehicle controller that signals the sensors when there is low brake fluid may not function properly when the fluid levels are low, which could impact the braking system…
Ford Recalls 230,000+ Vehicles
Ford has issued a recall of approximately 238,364 units of the 2020 – 2022 Explorer vehicles due to a defective rear axle mounting bolt that could break and cause the driveshaft to disconnect. The National Highway Traffic Safety Administration (NHTSA) issued the notice, citing that Ford will replace the faulty parts free of charge. The…
Rolls-Royce Holdings to Layoff 2,500
Rolls-Royce Holdings plc is a multinational aerospace and energy company that specializes in the manufacture of aircraft engines, and power systems for the aviation industry. Headquartered in London, UK, the company was initially formed in 1904 by Henry Royce and Charles Rolls. As of 2018, the company was the 16th largest defence contractor in the…
LinkedIn to Layoff 688
LinkedIn, the social media network for business and professional relationships, has announced an additional job cut that would affect about 688 employees across various departments like engineering, product, finance, etc. The company said the layoffs are necessary to adapt to the organizational structure changes, and to streamline their decision-making process. In May 2023, LinkedIn also…