Nestlé is defying a Kremlin-ordered takeover of its Russian operations, insisting production, sales, and staffing remain unaffected after a court…
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Amazon Locks In Option to Buy Kühne+Nagel Shares Over Seven Years
Amazon secured an option to acquire Kühne+Nagel shares over seven years, part of a long-term partnership announced Monday. Amazon may…
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$5.2 Billion Trucking Startup Fires 230 Workers, Hurtles Toward Shutdown
Embark Trucks, a San Francisco autonomous trucking firm once valued at $5.2 billion, announced Friday it will lay off 230…
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Genentech axes 265 jobs as storied 40-year cancer drug plant closes
Genentech is closing its South San Francisco drug manufacturing plant, cutting about 265 jobs. The facility has operated since 1983,…
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Molson Coors exits cannabis drinks as Tilray doubles down despite flat sales
Tilray Brands has agreed to buy the remaining 57.5 percent stake in Truss Beverage from Molson Coors Canada, taking full…
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Sinclair slashes jobs across two San Antonio TV newsrooms
Sinclair Broadcast Group eliminated multiple newsroom jobs this week at WOAI and KABB in San Antonio, where shared staffing means…
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Bell Media cuts kill CTV’s W5 as 4,800 jobs eliminated
Bell Media is eliminating CTV’s W5 as a standalone series after 58 years, folding its investigative reports into CTV National…
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Visa cuts 192 Bay Area workers after banking record $19.7 billion profit
Visa is eliminating 192 positions in San Mateo and 10 in San Francisco following a prior round of 91 Bay…
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Southwest slashes 1,750 corporate jobs in first-ever layoff after 53 years
Southwest Airlines will lay off 1,750 corporate employees, its first workforce reduction in 53 years. The cuts affect roughly 15%…
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Oracle CFO Rejects ‘Doing More With Less’ as Path to Growth
Oracle CFO Ken Bond said the company’s growth strategy rejects austerity-driven “doing more with less” in favor of targeted investment.…
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