Amazon axes some private label brands as part of wider cost cuts

[ad_1] Amazon workers sort packages for delivery in New York, July 12, 2022. Michael M. Santiago | Getty Images News | Getty Images Amazon is cutting some of its private…

FirstFT: Meta axes protein-folding team in pivot to commercial AI

[ad_1] Receive free US & Canadian companies updates We’ll send you a myFT Daily Digest email rounding up the latest US & Canadian companies news every morning. Good morning. We…

Swedish pension fund axes CEO after U.S. bank losses

[ad_1] Former CEO of Alecta, Magnus Billing. Alecta Just days after Silicon Valley Bank failed, the CEO of Sweden’s largest pension fund said the company had made a mistake investing…

Volvo axes 1,300 jobs as it steps up cost cuts

[ad_1] Volvo will lay off around 1,300 office-based employees in Sweden as it steps up its cost cutting. While the group’s efficiency drive had begun to show results, more was…

Amazon axes Halo fitness wearable in latest cost-cutting move

[ad_1] Halo app and band Source: Amazon Amazon will no longer sell its Halo health and fitness tracker, the company announced Wednesday. Amazon unveiled the health-tracking bracelet in 2020, marking…

Netflix Adds Subscribers, Axes DVD-Rental Business

[ad_1] Multimedia Netflix plans to ship its last red DVD envelopes in September, ending 25 years of mailing shows and movies to subscribers. The company also said a U.S. password-sharing…

Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business

[ad_1] Netflix plans to ship its last red DVD envelopes in September, ending 25 years of mailing shows and movies to subscribers. [ad_2] Source link

Dutch judge axes flight reduction

[ad_1] THE HAGUE, Netherlands — A judge ruled last week that the Dutch government cannot order Amsterdam’s Schiphol Airport, one of Europe’s busiest aviation hubs, to reduce the number of…

John Lewis axes staff bonus again as losses surge – BBC News

[ad_1] 16 March 2023, 08:26 GMT Updated 14 minutes ago John Lewis has axed its staff bonus for a second time after losses grew during a “very tough year”. The…

John Lewis axes staff bonus again as losses surge

[ad_1] The department store operator and Waitrose owner says shoppers ‘felt the pain of inflation’. [ad_2] Source link