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.
The music streaming service hopes the cuts, which amount to about 1,500 people, will help it become profitable.
Robin Hayes, CEO of JetBlue Airways, speaks to guests following the airline’s inaugural flight from John F. Kennedy Airport in New York to London Heathrow Airport in London on Aug. 12, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images JetBlue CEO Robin Hayes will step down next month, the company said Monday. The airline’s…
Season upon season, watermelons, carrots and corn have sprouted from Daniel Rudnick’s 255-acre farm along Interstate 5 in Buttonwillow, Calif. Now, the ground lies unplanted. In the next year, it will be cleared and graded to build a 4-million-square-foot warehouse complex. “Our plan all along was that we were going to leverage the value of…
California energy officials have voted to extend the operation of the Diablo Canyon Power Plant through 2030, extending the life span of the state’s last nuclear plant an additional five years. The California Public Utilities Commission approved a proposal to keep Diablo Canyon’s twin reactors online, overturning an earlier agreement to close the plant in…
The United Auto Workers union reached a tentative agreement on a new contract for 48,000 General Motors workers on Monday, bringing a potential end to the union’s roughly six-week strike against the “Big Three” automakers. The union said it had achieved a core demand in talks with GM: putting battery plant employees under the UAW…
Comment on this storyComment Add to your saved stories Save Starbucks has long pitched itself as a mindful seller of coffee and tea, publicizing its supply chain standards, sharing photos of farms around the world and assuring customers on its product labels that it is “committed to 100% ethical” sourcing. But the international coffee brand…
Updated Jan. 8, 2024 5:07 am ET The bad news keeps coming for China Evergrande and its investors. A top executive of the beleaguered property company’s electric-vehicle business has been detained as part of a criminal investigation, adding to Evergrande’s mounting problems. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8