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These are the stories making headlines in fashion on Friday. Helen of Troy will add nail brand Olive & June to its portfolio in a $240 million deal. The deal includes an initial $225 million at closing and an estimated $15 million earnout over the next three years. Founded in 2013, Olive … Continue reading Source […]
Haomo.AI has started layoffs in the past two weeks, with specific numbers unknown, and will compensate laid-off employees according to the ‘N+1’ standard. Regarding this, Haomo.AI responded today: ‘Haomo.AI is currently undergoing normal organizational adjustments based on business development, focusing on core business and customer delivery, reducing costs and increasing efficiency, continuously improving operational efficiency, […]
Robot dogs, startup lawsuits and bouncing back from snubs: Philly tech’s biggest stories of the year
The Philadelphia tech scene saw its fair share of controversies in 2024, but there were also several wins. Many companies faced layoffs, including delivery service Gopuff and email platform Fastmail, and major institutions shuttered, such as University of the Arts and Benefits Data Trust. The struggles, however, don’t overshadow the strong foundation of the ecosystem […]
Cardinal Timothy Dolan (Picture credit: Reuters) The Archdiocese of New York has announced layoffs affecting 18 administrative staff members as part of efforts to address financial difficulties, partly due to the ongoing sex abuse scandal within the Catholic Church. The job cuts represent a 4% reduction in the workforce.Cardinal Timothy Dolan, in a letter to […]
The GM logo is seen on the facade of the General Motors headquarters in Detroit on March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the […]
On November 14th, several employees of LG Energy Solution posted on the social media platform Maimai (Chinese workplace community and job search platform software) that their employer, LG Energy Solution (Nanjing) Co., Ltd. (referred to as LG Energy Solution Nanjing Factory), started laying off employees in November. In response to this, LG Energy Solution stated […]
Strategic decisions around location, leadership and sustainability are key drivers of business growth. In this month’s Power Moves, sustainability takes center stage — whether through downsizing office space to align with post-pandemic workforce needs or expanding facilities to meet the demand for clean-energy manufacturing. Leadership changes at nonprofit Sustainable Pittsburgh and the announcement of a […]
His company, which operates payments service Square, money transfer app CashApp, and music streaming platform Tidal, plans its second round of successive layoffs in December, two employees familiar with the plans told Fortune. The date of the cuts is currently set for next week, as well as the week of December 3, one of the […]
Less than a year after its last round of layoffs, streaming service TIDAL has reportedly announced further job cuts. According to an internal memo obtained by Fortune, TIDAL owner Block is planning significant job reductions so that the DSP can operate “like a startup again.” “So we’re going to part ways with a number of […]
When he joined a major local workforce development company nearly two years ago, Matt Derella was adamant that the company wasn’t abandoning its Baltimore roots. “I’m sure some readers will say, ‘Is he really going to make Baltimore still an important part of what Catalyte is?’” Derella told Technical.ly back when he became Catalyte’s new […]