PwC, PricewaterhouseCoopers International Limited, the multinational professional services brand, has announced plans to lay off 1,800 employees in the United States due to a slowdown in demand for some of its advisory business. According to reports, the layoffs will affect roles from associates to managing directors and include verticals like business services, audit, and tax…
Mastercard: $2.65 Billion Recorded Future Acquisition
Mastercard Inc., the payment facilitating company, has announced plans to acquire Recorded Future, a global threat intelligence company, for $2.65 billion USD to boost its cybersecurity capabilities. According to reports, this acquisition will expand Mastercard’s threat intelligence capabilities and provide its customers with added security against cyber threats. Recorded Future Inc. is a privately held…
Volkswagen To Recall 98,806 Vehicles
Volkswagen has announced plans to recall 98,806 electric SUVs over issues with door handles that can cause the doors to open unexpectedly while driving. According to reports, water could get into the printed circuit board from the doors and can lead to malfunctions causing the locks to open. Affected vehicles include 2021-2024 ID.4 electric vehicles….
BurgerFi Files For Bankruptcy
BurgerFi International, Inc. is an American hamburger restaurant chain founded in 2011 and headquartered in Fort Lauderdale, Florida. It serves high-quality burgers, sandwiches, and other American-style comfort food. According to reports, BurgerFi recently filed for Chapter 11 bankruptcy protection due to months of financial difficulties as well as a decline in post-pandemic consumer spending and…
Samsung Electronics To Layoff 30%
Samsung Electronics, the South Korean multinational electronics corporation, has announced plans to lay off around 30% of its global workforce, particularly in sales and marketing departments, as well as its administrative staff, to improve efficiency and maintain competitiveness. The report further mentions that the layoffs will affect jobs across the Americas, Europe, Asia, and Africa,…
Envision: $1 Billion Investment In Spain
Envision Energy is a Chinese multinational corporation founded in 2007 and headquartered in Shanghai. It develops, manufactures, and operates wind turbines and energy management software, as well as batteries for Honda, Nissan, and Renault. According to reports, Envision has announced plans to build a factory in Spain that manufactures machinery and equipment for green hydrogen…
Huawei Unveils World’s First Tri-Fold Smartphone
Huawei Technologies is a multinational technology corporation founded in 1987 and headquartered in Shenzhen, China. It specializes in the development and manufacture of telecommunication equipment, mobile and broadband networks, smartphones, automobiles, and solar products. According to reports, Huawei has unveiled the world’s first smartphone with a triple-folding screen. When unfolded, the Mate XT Ultimate, as…
Jabil: $238 Million Manufacturing Plant In India
Jabil Inc. is an American multinational manufacturing company founded in 1966 and headquartered in St. Petersburg, Florida. It specializes in the design, engineering, and manufacturing of electronic circuit board assemblies and systems, along with supply chain services to Apple and various industries. According to reports, Jabil has announced plans to set up a manufacturing plant…
Progress Software: $875 Million ShareFile Deal
Progress Software Corporation is an American public company founded in 1981 and headquartered in Burlington, Massachusetts. It produces software for creating and deploying business applications. According to reports, Progress Software has announced plans to acquire ShareFile for $875 million USD to boost its enterprise product portfolio. The deal is expected to close in November 2024….
Siemens: $60 Million Train Plant In New York
Siemens AG is a German multinational technology conglomerate founded in 1847 and headquartered in Munich, Germany. It is the largest industrial manufacturing company in Europe that specializes in distributed energy resources, industrial automation, rail transport, and health technology. According to reports, Siemens is investing $60 million USD to build a 300,000 sq ft high-speed train…