Uber Is Closing a Business It Bought for Over $1 Billion Three Years Ago

[ad_1] Jan. 16, 2024 11:01 am ET Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept…

Companies Aren’t Done Cutting White-Collar Jobs

[ad_1] After a year of right sizing, employers are looking in the mirror and concluding there is still fat to lose.  Companies including Amazon, Xerox, Google and BlackRock this month…

EBay to Pay $3 Million Penalty for Employees Sending Live Cockroaches, Fetal Pig to Bloggers

[ad_1] Updated Jan. 11, 2024 3:19 pm ET EBay agreed to pay a $3 million criminal penalty after employees engaged in a harassment campaign against two bloggers for their coverage…

The Companies Cutting Jobs in 2024: Here’s the List

[ad_1] Listen to article (1 minute) Some companies are kicking off the new year by trimming staff as a steady labor market shows signs of cooling off.  The labor market…

Walmart Expands Drone Delivery in Dallas as It Races Amazon

[ad_1] Listen to article (1 minute) Drones are more likely to be buzzing overhead this year if you live in Dallas. Walmart plans to offer drone delivery to most of…

Nvidia’s New China Pickle: Customers Don’t Want Its Downgraded Chips

[ad_1] Updated Jan. 7, 2024 12:01 am ET SINGAPORE—After U.S. regulations barred Nvidia from selling its high-performance artificial-intelligence chips to China in October, the company’s engineers quickly designed a new…

Wayfair’s CEO Wants Staff to Work Harder. Your Boss Probably Agrees.

[ad_1] If you want to know what the boss really wants from you in 2024, Wayfair Chief Executive Niraj Shah’s staff memo might be a good place to start. Shah…

Investors Have Cut China’s Internet Giants Down to Size

[ad_1] Updated Dec. 31, 2023 12:20 am ET HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023.  After a…

Opinion | 2024 May Not Be a Year of Media Deals After All

[ad_1] Solutions are needed for streaming and cable losses, but Team Biden stands in the way. [ad_2] Source link

The Pandemic’s E-Commerce Stars Are Coping

[ad_1] Online retailers that experienced dizzying growth in 2020 and 2021 are settling into their postpandemic reality. [ad_2] Source link