Unilever, a multinational consumer goods company known for brands such as Marmite, Dove, and Ben & Jerry’s, has unveiled a strategy including job cuts, the spin-off of its ice cream division, and cost-saving initiatives projected to reach €800 million (£684 million) over the next three years.
LinkedIn is set to venture into the world of gaming. With over 1 billion users worldwide, LinkedIn’s decision to integrate gaming into its platform shows the change towards enhancing user engagement and deeper connections among its diverse user base.
On March 15, 2024, McDonald’s experienced a system failure impacting its operations globally. The outage affected stores in various countries including the United States, Australia, Japan, Hong Kong, the United Kingdom, and more.
Toyota Motor Corporation has announced its decision to grant its factory workers the largest pay increase in a quarter of a century. This decision comes when annual wage negotiations, commonly known as “shuntō,” where major Japanese firms engage in discussions with labor unions regarding salary adjustments for the upcoming year.
Airbnb has announced policy changes plans at enhancing guest privacy and addressing concerns regarding the use of security cameras in rental properties worldwide. These changes, set to take effect on April 30th.
Sony group has officially terminated its plans for a $10 billion merger with India’s Zee Entertainment, the end of a two-year-long negotiation that planned to reshape India’s media industry.
Microsoft has past Apple to become the world’s most valuable company once again, a position it last held in 2021. The race between the tech giants saw Microsoft’s market capitalization reach a high of $2.887 trillion, surpassing Apple’s $2.875 trillion.
Google has confirmed layoffs across its hardware, engineering, and Google Assistant teams, a restructuring effort post the pandemic. The Verge’s Sean Hollister reports that the layoffs is beyond the focus on the Google Hardware team, impacting core engineering and Assistant divisions as well.
Coca-Cola has extended its partnership with the International Cricket Council (ICC) for eight years, making its status as one of the longest standing brands associated with cricket. The global partnership, from 2019 to 2031, was officially sealed at the ICC’s headquarters.
Bird has filed for Chapter 11 bankruptcy, Founded in 2017 by Travis VanderZanden, a former executive of Lyft and Uber, Bird became a pioneer in the micromobility space. However, the company’s fortunes took a turn after going public in 2021 through a SPAC merger.
