Search Result for 'layoff'

Intel has been losing ground, value, and relevance for years. In five years, its stock has plunged by 67%

While we wade through another great year, some of us are wondering what the smartest trades and investment strategies in 2025 are

For the first time in history, the all-female MLBB African champions will head to the Esports World Cup (EWC) in Saudi Arabia to compete in the MLBB Women’s Invitational

Edukoya’s shutdown is not an isolated case—other edtech startups in Nigeria, such as Quizac, now acquired by Tekedia Capital, have also failed to scale successfully

The layoffs took immediate effect, and no monetary severance packages were provided

Kaduna Electricity Distribution Company (Kaduna Electric) has disengaged 450 staff members. The company said the clarification became necessary following reports by the workers union claiming that 900 employees were affected. This clarification ...

Again, Meta has ended its diversity, equity, and inclusion initiatives, aligning with a trend observed among other major corporations

Spotify is projecting further growth in Q4 2024, with expectations to reach 665 million monthly active users and add another 8 million premium subscribers

This is the latest in a series of steps by the company to align its workforce with its long-term goals

TikTok, a global social media platform, said the company is expected to invest $2 billion globally in trust and safety this year and will continue improving efficiency. The popular social media platform ...

The company is working to streamline its operations following the $69 billion deal

…has issued directives to its subsidiaries worldwide, instructing them to reduce their sales and marketing workforce by around 15%, while administrative roles could face cuts of up to 30%

In recent years, educational technology (EdTech) has shown its potential to transform learning environments worldwide, particularly in countries like India and China. These nations have effectively leveraged EdTech to tackle major educational ...

In fact, between January 2020 and January 2024, the Naira depreciated by over 200% against the Dollar

The announcement of these layoffs has led to discussions on social media, with many pointing to underlying leadership and operational challenges