Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company’s cuts included its entire sales and marketing departments, Bloomberg reported Friday (July 19). “Magic Leap has been evolving our go-to-market approach to better align...
The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane Beryl. The total of 243,000 initial claims filed during the week was up from the...
Petco has named former Five Below CEO Joel D. Anderson as its new CEO and a member of its board of directors, effective July 29. This announcement from the pet care retailer comes a day after Five Below said that it had begun a leadership...
British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC’s chief financial officer (CFO) last year, will move into the chief executive role (CEO) September 2, the bank announced Wednesday (July 17). He replaces Noah Quinn, who announced his...
June 20, 2023
In the United States, an average employee has over $3,000 in unused paid time off (PTO) at any given moment, with over $318 billion annually in unused PTO being rolled over each year, according to Veetahl Eilat-Raichel, co-founder and CEO at FinTech startup Sorbet. “There’s a massive market failure around PTO and how it’s constructed […]
June 12, 2023
When examining consumer spending habits, top-down numbers may not tell the whole story. Who exactly is spending and who is not is vital data for retailers, merchants and any other...
December 02, 2022
The fear of alienating customers may be keeping independent restaurants from increasing prices. As they struggle to balance the need to drive sales, to maintain a high quality of service...
November 15, 2022
In what began as a recognition of workplace imbalances and inequities, diversity, equity and inclusion (DE&I) efforts are now evolving into a way of strengthening companies with a broad chorus...
July 23, 2024
Lyft President Kristin Sverchek will leave the company as an employee on Aug. 20 after serving in leadership roles for 12 years. Sverchek will serve as a non-employee adviser to the company through Nov. 30, Lyft said in a Tuesday (July 23) filing with the Securities and Exchange Commission (SEC). Lyft added in the filing […]
July 19, 2024
Augmented reality (AR) startup Magic Leap reportedly cut 75 jobs on Thursday (July 18) as it reorients its business toward technology licensing. The company’s cuts included its entire sales and marketing departments,...
July 18, 2024
The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane...
July 17, 2024
Petco has named former Five Below CEO Joel D. Anderson as its new CEO and a member of its board of directors, effective July 29. This announcement from the pet...
