Jonathan Wong
The Latest
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Levi Strauss to Trim Corporate Staff by up to 15% in Cost-Cutting Effort
Levi Strauss & Co., the iconic denim apparel retailer, has announced a significant reduction of its global corporate workforce, planning to lay off between 10% to 15% of its staff. This move comes as part of a broader restructuring effort, signaling a strategic shift in the company's operations amidst challenging market conditions. 
Levi Strauss & Co., the iconic denim apparel retailer, has announced a significant reduction of its global corporate workforce, planning to lay off between 10% to 15% of its staff. This move comes as part of a broader restructuring effort, signaling a strategic shift in the company's operations amidst challenging market conditions. -
Alaska Airlines Faces $150 Million Loss Due to 737 Max Grounding
Alaska Airlines is facing a significant financial setback due to the grounding of the Boeing 737 Max 9 aircraft, with an estimated loss of about $150 million. This substantial loss is a blow to the airline, which reported an adjusted income of $38 million in the last quarter of the year and $583 million for the full year. Despite the fourth-quarter income exceeding expectations, the grounding of the 737 Max 9 has cast a shadow over the airline's financial outlook. 
Alaska Airlines is facing a significant financial setback due to the grounding of the Boeing 737 Max 9 aircraft, with an estimated loss of about $150 million. This substantial loss is a blow to the airline, which reported an adjusted income of $38 million in the last quarter of the year and $583 million for the full year. Despite the fourth-quarter income exceeding expectations, the grounding of the 737 Max 9 has cast a shadow over the airline's financial outlook. -
Intel's Stock Dips as Q1 2024 Outlook Falls Short of Expectations
Intel Corporation, a key player in the semiconductor industry, experienced a significant drop in its stock value following a disappointing outlook for the first quarter of 2024. This development came as a surprise to investors and analysts alike, as the company's projections fell considerably short of market expectations. 
Intel Corporation, a key player in the semiconductor industry, experienced a significant drop in its stock value following a disappointing outlook for the first quarter of 2024. This development came as a surprise to investors and analysts alike, as the company's projections fell considerably short of market expectations. -
Humana Forecasts Dismal 2024, Citing Surging Medical Costs
Humana Inc. has issued a dire forecast for 2024, citing a substantial escalation in medical costs that far exceeds analyst expectations. This development is a clear indicator of the mounting pressures facing the broader insurance industry, particularly in the wake of the COVID-19 pandemic. 
Humana Inc. has issued a dire forecast for 2024, citing a substantial escalation in medical costs that far exceeds analyst expectations. This development is a clear indicator of the mounting pressures facing the broader insurance industry, particularly in the wake of the COVID-19 pandemic. -
Digital Banking Shift Leads to Lloyds Reducing 1,600 Branch Roles
Lloyds Banking Group, the UK's largest domestic bank, has announced a reduction of approximately 1,600 jobs across its branch network. This decision aligns with the group's strategic shift towards enhancing its digital services, a response to the changing preferences of its customer base. 
Lloyds Banking Group, the UK's largest domestic bank, has announced a reduction of approximately 1,600 jobs across its branch network. This decision aligns with the group's strategic shift towards enhancing its digital services, a response to the changing preferences of its customer base. -
Microsoft Announces Layoffs Affecting 1,900 Activision Blizzard and Xbox Employees
Microsoft is laying off approximately 1,900 employees from its gaming division, primarily affecting roles at Activision Blizzard, but also impacting some positions at Xbox and ZeniMax. This development, which constitutes around 8% of Microsoft Gaming's workforce of 22,000, underscores the tech giant's efforts to realign its strategy and execution plan for sustainable growth. 
Microsoft is laying off approximately 1,900 employees from its gaming division, primarily affecting roles at Activision Blizzard, but also impacting some positions at Xbox and ZeniMax. This development, which constitutes around 8% of Microsoft Gaming's workforce of 22,000, underscores the tech giant's efforts to realign its strategy and execution plan for sustainable growth. -
Microsoft Reaches $3 Trillion Market Cap Amid AI Investments
Microsoft Corporation, the renowned technology behemoth, has achieved a remarkable milestone, briefly surpassing a market capitalization of $3 trillion in intraday trading. 
Microsoft Corporation, the renowned technology behemoth, has achieved a remarkable milestone, briefly surpassing a market capitalization of $3 trillion in intraday trading. -
eBay Announces 1,000 Job Cuts Amid Tech Industry Downturn
eBay, the renowned online marketplace, has joined the ranks of tech companies implementing significant workforce reductions, announcing the layoff of 1,000 employees, approximately 9% of its total staff. This move comes amid a broader trend of tech sector retrenchment, as companies like Google, Amazon, and TikTok have also recently announced layoffs. 
eBay, the renowned online marketplace, has joined the ranks of tech companies implementing significant workforce reductions, announcing the layoff of 1,000 employees, approximately 9% of its total staff. This move comes amid a broader trend of tech sector retrenchment, as companies like Google, Amazon, and TikTok have also recently announced layoffs. -
Netflix Hits New High with Record Subscriber Growth
Netflix Inc., the leading streaming service, has surpassed Wall Street's expectations with a remarkable increase in its subscriber base, adding 13.1 million subscribers in the fourth quarter. This surge, significantly higher than the anticipated 8 to 9 million, has brought its total paid membership to a record 260.8 million. 
Netflix Inc., the leading streaming service, has surpassed Wall Street's expectations with a remarkable increase in its subscriber base, adding 13.1 million subscribers in the fourth quarter. This surge, significantly higher than the anticipated 8 to 9 million, has brought its total paid membership to a record 260.8 million. -
Amazon's French Unit Fined $35 Million for Invasive Employee Monitoring
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees. 
France's data protection watchdog, the CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a significant fine of 32 million euros (approximately $34.7 million) on Amazon France Logistique, the manager of Amazon's large warehouses in France. The fine is a response to what the CNIL deems "excessively intrusive" surveillance practices on employees.
