Meta to Cut 5% of Its Staff With Focus on “Low-Performers”
Facebook and Instagram parent company Meta intends to cut around 5% of its staff. The layoffs will focus on “low-performers” and will be followed...
Honeywell Plans to Split Up Amid Pressure From Activist Investor Elliott
Charlotte, North Carolina-headquartered conglomerate Honeywell International is reportedly making plans to split into two separate publicly traded companies. The decision came after pressure from...
Lululemon and Abercrombie & Fitch Raise Quarterly Forecasts Amid Strong Holiday Season
The strong holiday season prompted retailers Lululemon Athletica and Abercrombie & Fitch to raise their quarterly forecasts for the current quarter, albeit with different...