Business

Twitch to Cut 35% of Workforce in Cost-Cutting Move

Amazon’s livestreaming platform Twitch is set to cut about 35% of its workforce, amounting to approximately 500 employees, as confirmed by Twitch CEO Dan Clancy in a blog post on Wednesday. The decision comes as a part of the company’s…

Bitwise Reveals $200 Million Investment Plan for Proposed Bitcoin ETF

Crypto asset manager Bitwise has revealed that an unnamed investor is planning to inject a substantial sum of $200 million into its proposed spot market Bitcoin exchange-traded fund (ETF), as per a recent S-1 filing with the U.S. Securities and…

Chinese Tech Giants Make Strong Comeback at CES 2024

Chinese tech giants Alibaba and ByteDance have made a strong comeback at the CES tech show in Las Vegas, reflecting China’s renewed presence in the global consumer electronics arena. The event, which kicked off on January 7, 2024, has witnessed…

Unity Announces 25% Workforce Reduction and 1,800 Job Cuts

Unity, the popular game engine maker, has announced an additional 25% reduction in its workforce, resulting in 1,800 job cuts. This comes on the heels of 1,300 layoffs since mid-2022, as the company aims to refocus on its core game…

Reminder to Investors: February 6, 2024 Deadline in GM Class Action Lawsuit

Glancy Prongay & Murray LLP, a law firm based in Los Angeles, has issued a reminder to investors regarding the approaching deadline for the class action lawsuit against General Motors Company (GM). The deadline to file a lead plaintiff motion…

Boeing 737 Max 9: What to Know After Inflight Blowout

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Coalition Overtakes Labor in Latest Federal Voting Intention Poll

Roy Morgan’s latest Federal voting intention poll has revealed a shift in the political landscape, with the Coalition overtaking Labor as the Cost-of-Living crisis intensifies. According to the survey, the L-NP stands at 51% (up 1%) while the ALP is…

Oscar Mayer seeks ‘hotdoggers’ to travel the country in Wienermobile

Oscar Mayer, the renowned meat and cold cuts company, is on the lookout for the next group of ‘hotdoggers’ to embark on a yearlong journey as brand ambassadors. The selected candidates will have the unique opportunity to traverse the country…

Raising Cane’s opens first location in Washington, D.C.’s Union Station

Washington, D.C.’s first Raising Cane’s officially opened its doors inside Union Station on Tuesday, Jan. 9, 2023. The fast-food restaurant chain is located in Union Station at M143 50 Massachusetts Avenue NE, a few blocks from the U.S. Capitol. According…

Juniper Networks Shares Surge Over 20% Amid Reports of Advanced Acquisition Discussions with HPE

Juniper Networks shares surged over 20% in after-hours trading on Monday following reports from the Wall Street Journal indicating that Hewlett Packard Enterprise (HPE) is in advanced discussions to acquire the company for approximately $13 billion. The potential deal, as…