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…
Qualcomm to Layoff 1200+
Qualcomm Incorporated, also referred to as Qualcomm, is a multinational semiconductor, microchip and software corporation headquartered in California, USA. The company was founded in 1985 with multiple patents critical to mobile communication standards like WCDMA, 4G, and 5G etc. According to recent reports, Qualcomm has announced plans to lay off over 1200 employees in a…
Microsoft: $28.9 billion Back Tax bill
Microsoft has been confronted with a $28.9 billion USD tax bill by the Internal Revenue Service (IRS) for the 2004 to 2013 tax years. The Internal Revenue Service (IRS) is an agency of the Department of the Treasury in the United States of America (USA), responsible for collecting US Federal taxes, resolving wrong or fraudulent…
Mercedes Maybach and Space Perspective
Mercedes Maybach has partnered with space tourism company Space Perspective, to induce luxurious transportation in every aspect of their space exploration experience. Space Perspective is the world’s first carbon-neutral spaceflight company. The company was founded in 2019 and aims to offer commercial space flights using a giant SpaceBalloon. Mercedes Maybach electric vehicles (EVs) will exclusively…