COMPANIES

The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce.

Ford announced Monday that over 300 more workers have been temporarily laid off due to "knock-on effects" from the ongoing strike against the company and two other US automakers.

The CEO of JPMorgan said in an interview with Bloomberg TV that the bank will try to redeploy people affected by AI.

Approximately 7,000 workers will join the walkout, which is now in its third week.

Four patent applications filed this month underlined PayPal's interest in layer-2 and non-fungible tokens.

"Hyenas," the Creative Assembly title that recently concluded its beta, has been canceled, Sega said Thursday. The studio has since confirmed that the title's cancelation may result in layoffs.

A federal anti-discrimination agency filed a lawsuit Thursday accusing Elon Musk's Tesla of allowing "pervasive" racism at its Silicon Valley car plant and retaliating against Black workers who opposed such abuse.

News of the layoffs came on the same day the U.S. Federal Trade Commission (FTC) said it would revive an internal case regarding Microsoft's bid to acquire the gaming behemoth.

Snapchat's parent company Snap said Wednesday it was shutting down its six-month-old ARES business. CEO Evan Spiegel said the company could no longer invest in the unit at this time.

European maritime companies are ditching their old ships for scrap on Bangladeshi beaches in dangerous and polluting conditions that have killed workers pulling them apart, Human Rights Watch said Thursday.

Talkdesk was valued at $10 billion in mid-2021 after it secured $230 million in funding. But amid a wider tech reckoning, the software provider has implemented three rounds of workforce cuts since August 2022.

JPMorgan Chase announced Tuesday that it will pay $75 million to settle a US Virgin Islands' (USVI) lawsuit that accused the bank of facilitating Jeffrey Epstein's sex trafficking ring.

The company is accused of adopting practices that stop competitors from emerging or growing.

Dunzo, backed by Google and billionaire Mukesh Ambani's Reliance Industries, is reportedly cutting staff again after multiple layoff rounds earlier this year. The online delivery platform has been grappling with a funding crunch that reportedly delayed salary payments.

When the Cricket World Cup opens in India next month several players will carry Kashmiri willow wood bats, but manufacturers say over-exploitation of trees means their craft faces ruin.

Lucid Software will also undergo other cost-cutting measures like reducing in-person company events and streamlining purchases, CEO Dave Grow told employees Monday.

Air France-KLM announced Monday that it was going to place a "major order" for 50 long-haul Airbus A350s, as part of its effort to introduce more fuel-efficient planes.

A sleepy Bavarian village could decide the future of BMW's drive towards electromobility as it goes to the polls on Sunday over the German automobile giant's plans to build a huge battery factory.

Its parent company, Delivery Hero, is in the early stages of discussions to sell a part of its delivery business in Southeast Asia. The exact number of employees and the specific locations that will be affected by the layoffs is unknown.

Despite X's silence on crypto payment integration on the platform, it appears the process is well underway.

Workers will end strike action at Chevron's gas plants in Western Australia, their union said Friday, accepting a deal proposed by Australia's industrial relations body.

The American chip giant had previously reduced its U.S. workforce, particularly in its San Diego headquarters.

X, formerly Twitter, reportedly cut its trust and safety team to around 20 people earlier this month even after advertisers discussed concerns about toxic content on the platform.

Electric cars are widely hailed as the future of transport, but even though they eliminate the issue of fuel emissions from tailpipes, the problem of particle pollution as a result of tire wear hasn't been resolved.

Foxconn, the world's largest contract manufacturer of electronics, has been rapidly expanding its footprint in India as it seeks to gradually move away from China.

Cisco is cutting hundreds of jobs in California next month following a strong fiscal year 2023. The company has implemented thousands of job cuts since 2014.

Ascendant Studios' CEO Bret Robbins said the team, which Electronics Arts touted as having the right experience to deliver "Immortals of Aveum," had to make the necessary adjustments now that its game has been shipped.

Morningstar is cutting Sustainalytics' workforce next week, more than a year after it reduced the Sustainalytics China team by the hundreds.

Google is cutting a "significant" number of staff from its recruiting unit, citing the need for operational efficiency. The company has implemented smaller workforce cuts in recent months.