Spotify Axes 17% Of Workforce In Third Round Of Layoffs This Year
The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.
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Restaurant slammed after charging customers 4 percent health insurance fee
An Atlanta restaurant has taken some hits for adding an unfamiliar fee to its customers’ bills. JenChan’s Pizza and Chinese in Cabbagetown, Georgia, received hate on social media after a customer called out the restaurant’s 4% fee for employees’ health insurance on the bill. The customer posted a photo of the bill on Reddit last month, which showed…
ECB haunted by bond buys in Swedish property crisis | Reuters News Agency
Business & FinanceDeals 30 November 2023, 5:22 am 1 minute Reuters was first to report a debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era…
Post Office scandal: Met Police investigate potential fraud offences
It comes as 50 new potential victims of the scandal have contacted lawyers after the airing of a TV drama.
Mortgages: Barclays and Santander cut rates as competition intensifies
The interest rate on a fixed mortgage does not change until the deal expires, usually after two or five years, and a new one is chosen to replace it. Doing nothing would leave people on a variable rate, which is very expensive – with an average rate of more than 8%.
Chesapeake, Southwestern to Merge as New Gas Behemoth
Updated Jan. 11, 2024 7:14 am ET Chesapeake Energy and Southwestern Energy agreed to merge in an all-stock transaction valued at $7.4 billion that would create one of the largest natural-gas producers in the U.S. The companies on Thursday said the value is based on Chesapeake’s closing price as of Wednesday. Copyright ©2024 Dow Jones…
WeWork Seeks Bankruptcy Protection
NEW YORK (AP) — WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world. In a late Monday announcement, WeWork said it entered into a restructuring support agreement…
