maker
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Firefox maker Mozilla is cutting 60 jobs after naming new CEO
MOZILLA, the maker of Web browser Firefox, is cutting about 60 jobs as part of a shake-up under a new chief executive officer. Mozilla said that the move affects about…
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Hermes sales jump as Birkin bag maker weathers luxury slowdown
HERMES sales surged at the end of last year as the Birkin bag maker weathered the slowdown in demand for luxury goods with its unique model driven by scarcity. Fourth-quarter…
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Weight-loss Drug Maker Novo Nordisk’s Profit Surges As Sales Boom
Danish pharmaceutical giant Novo Nordisk posted bumper profits for 2023 on Wednesday, driven by blockbuster sales of diabetes and obesity treatments that helped it become Europe’s most valuable company. The…
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Amazon Scraps Buyout Of IRobot Vacuum Maker After EU Objections
Amazon on Monday said it was dropping its plans to buy the iRobot vacuum maker after the EU’s antitrust authority objected to the plan over competition concerns. The news sent…
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League Of Legends Maker Riot Games To Slash 530 Jobs
League of Legends maker Riot Games said Monday it will cut around 530 jobs worldwide, describing the layoffs as “a necessity.” The layoffs at Riot — owned by Chinese tech…
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Sam Altman: ChatGPT Maker OpenAI Fires Top Boss For Not Being ‘Consistently Candid’ With Board; Appoints Mira Murati as Interim CEO
OpenAI CEO Sam Altman has been fired by the company responsible for ChatGPT in a shock shakeup, following a review that concluded he was “not consistently candid in his communications…
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Indian Battery Materials Maker To Build Its First US Plant In North Carolina: ‘Historic Investment’
KEY POINTS Epsilon Advanced Materials’ $650-million EV battery materials plant will be located in Brunswick County The company said it could employ up to 500 people at the plant, which…
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Chip Maker Intel Beats Earnings Expectations As It Pursues Rivals
US chip giant Intel on Thursday said it made more money that expected in the recently ended quarter as it continued to invest in a “geographically balanced” supply chain. Intel…
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Engine Maker Rolls-Royce To Axe Up To 2,500 Jobs
Rolls-Royce, the British manufacturer of aircraft engines, said Tuesday it plans to axe up to 2,500 jobs worldwide, or about six percent of its staff, to further slash costs. “It…
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Indian E-Scooter Maker Ather Energy Is Going International With Launch In Nepal
KEY POINTS Ather Energy has partnered with Vaidya Energy for the launch of its flagship model in Nepal The maker of premium electric 2-wheelers will open an experience center in…
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Crisis-Struck German Maker Of Playmobil Toys Cuts Jobs
The crisis-hit German toy company behind Playmobil, the small plastic figures loved by children the world over, said on Monday that it was cutting 17 percent of its workforce. The…
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Fortnite Maker Epic Games Tightens Belt With Layoffs
Epic Games, maker of the highly popular Fortnite video game, said Thursday it is cutting its workforce to save money but will continue spending on its legal battle over Apple…
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ChatGPT Maker Value Rockets In Funding Talks: Report
A report of ChatGPT-maker OpenAI’s value nearly tripling over the course of the past year comes as it adds voice and image features to the generative artificial intelligence platform AFP…
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As Planet Gets Warmer, Ski Gondola Maker Goes Urban
Austrian company Doppelmayr is well known for making gondolas for ski resorts, but its workshop is increasingly building cable cars for congested cities as climate change has opened up new…
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Microsoft Nears Takeover Of ‘Call Of Duty’ Maker
Xbox-owner Microsoft has closed in on its $69-billion takeover of “Call of Duty” video-game maker Activision Blizzard after the UK said Friday that a revamped deal addressed regulatory concerns. The…
