Grammarly is a cloud-based typing assistant and plagiarism detector that was initially released as a tool to assist university students with their English skills. The editor reviews spelling, grammar, punctuation, and other mistakes in English texts. It was designed by Grammarly Inc. in 2009 with its headquarters in San Francisco, USA. According to reports, Grammarly…
Getaround to Layoff 30%
Getaround is an online car sharing or peer-to-peer vehicle loaning service that helps owners rent out their vehicles to other drivers for a price. It was founded in 2009, with its headquarters in San Francisco, California. The company boasts of 5 million users and approximately 20,000 connected cars worldwide as of 2019. According to reports,…
Warner Music to Layoff 600
Warner Music Group Corp. is a multinational entertainment and record label conglomerate. It is the third-largest recording company in the global music industry. The company was founded in 1958 and is headquartered in New York City. According to reports, Warner Music has announced plans to lay off 600 employees in a bid to cut costs,…
Toyota: $1.3 Billion EV Investment
Toyota will be investing an additional $1.3 billion USD to manufacture a new 3-row battery electric SUV for the US market. This investment by the Japanese multinational automotive corporation at the manufacturing facility in Kentucky will bring the total funding received by the plant to about $10 billion USD. As reported by Toyota, this new…
TSMC To Build Chip Factory In Japan
Taiwan Semiconductor Manufacturing Company Limited (TSMC) is a multinational semiconductor manufacturing and design company that is used by Apple, Qualcomm, Huawei, Intel, AMD, and Nvidia for a series of chips. The company was founded in 1987, with its headquarters in Hsinchu Science Park, Taiwan. It is regarded as one of the largest semiconductor companies in…
Yandex Leaves Russia
Yandex LLC is a multinational technology company that provides online services, including advertising, ride-hailing, maps and navigation, and e-commerce. The company was recognized as the largest technology firm in Russia, as of 2017, with its search engine ranking 3rd globally, after Google and Bing. Yandex N.V., headquartered in Amsterdam, is the holding company of Russian…
Snap to Layoff 10%
Snapchat is a multimedia instant messaging platform developed by Snap Inc. The primary feature of the social media platform is that messages and posts are only available for 24 hours or less. It was founded in 2011, with its headquarters in California. According to reports, Snap has announced plans to lay off 10% of its…
Flexport to Layoff 15%
Flexport Inc. is an American multinational corporation that specializes in supply chain management and logistics. Other services rendered include delivery, trade financing, insurance, freight forwarding, and customs brokerage. The company was founded in 2013 and is headquartered in San Francisco, California. According to recent reports, Flexport has announced job cuts of 400 employees, which amounts…
Okta to Layoff 400
Okta, Inc., formerly known as Saasure Inc., is an identity and access management company that offers cloud software solutions to help companies manage and secure user authentication for applications. It also provides developers with tools to integrate identity controls into applications, devices, and web services. The company was founded in 2009 and is headquartered in…
Wattpad To Layoff 30
Wattpad is a website that publishes original literature, offering publishers and readers the ability to connect. It was launched in 2006, with its headquarters in Ontario, Canada. Wattpad boasts of more than 90 million monthly users, with over 665 million story uploads as of 2021. The company is a subsidiary of Naver Corporation, an internet…