Asda has launched what it calls the U.K’s largest driverless grocery delivery trial. The supermarket chain has teamed with autonomous vehicle technology startup Wayve to deliver groceries to customers using self-driving vehicles starting today, the companies announced in a news release Monday (April 17). The year-long trial — kicking off...
Snap will lay off around 20% of its workforce, Bloomberg wrote. This comes out of their almost 6,500 employees, and the job cuts will start Wednesday (Aug. 31) after several weeks of planning, with the team working on Minis, followed by Zenly, the company Snap...
A pandemic surge in growth that unexpectedly sputtered post-COVID prompted online home goods retailer Wayfair to lay off 5% of its global staff, affecting 870 employees. Niraj Shah, CEO, co-founder and co-chairman of Wayfair, said in a memo sent to staff on Friday (Aug. 19)...
Walmart-owned Indian eCommerce business Flipkart is planning to sell off a percentage of its digital payments division PhonePe in an effort to facilitate funding for expansion. Chief executive officer of PhonePe Sameer Nigam said in a statement on Thursday (Dec. 3) that selling off a stake...
April 30, 2020
The coronavirus pandemic has triggered the biggest drop in the U.S. economy since the Great Recession, and economists are warning that the worst is yet to come. “The virus has done a lot of damage to the economy, and there is just so much uncertainty now,” Mark Zandi, chief economist at Moody’s Analytics, told the […]
November 01, 2019
At a prime retail location in the Capitol Hill neighborhood of Seattle, the Amazon Go team is running “internal tests.” The space is unusually big for a potential Amazon Go...
