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News & Articles By Olivia Cook
01/23/2024
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By Olivia Cook
YouTube lays off 100 employees amid wider job cuts at parent Google
Search engine giant Google has confirmed another round of layoffs – this time 100 employees on its video platform YouTube. Multiple media outlets reported on Jan. 17 that the tech giant told employees at YouTube’s operations and creator management teams of the job cuts via an internal memo. Their positions were reportedly being eliminated “to […]
01/23/2024
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By Olivia Cook
Car rental company SIXT drops Tesla EVs from its fleet due to poor resale value, high repair costs
Car rental company SIXT has announced that it would drop Teslas from its electric vehicle (EV) fleet due to poor resale value and high repair costs. In an email to customers obtained by Bloomberg, the company cited higher repair costs for EVs compared to gas-powered counterparts as a main reason for the move. These higher […]
11/29/2023
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By Olivia Cook
Amazon workers across Europe staged a WALKOUT on Black Friday to protest measly pay, working conditions
On Black Friday, Nov. 24, one of the busiest days of the year, workers at Amazon fulfillment centers and warehouses located at multiple locations across Europe walked out in protest against the U.S. e-commerce giant’s labor practices. The “Make Amazon Pay Day” initiative – a campaign coordinated by the UNI Global Union – made the call […]
11/06/2023
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By Olivia Cook
Fake meat food bubble is bursting: Beyond Meat slashes revenue outlook, plans to cut jobs
Beyond Meat, Inc. announced on Thursday, Nov. 2., that it is slashing its revenue forecast for the second time in three months – a decline of as much as 21 percent from 2022. As it reduces operating expenses, the company also plans to eliminate 65 jobs, representing eight percent of its global workforce. The plant-based meat factory […]
11/01/2023
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By Olivia Cook
Automakers are abandoning plans to mass-produce EVs: People are finally seeing reality, says Toyota chairman
Major automotive companies are currently scrambling to respond to a shift in demand for battery-powered vehicles – leaving these auto giants wondering if they pushed electric vehicles (EVs) too early. In recent months, automaker giants Ford Motor Company and Toyota Motor Corporation have been issuing warnings about a sudden slowdown in consumer demand for EVs. […]
10/30/2023
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By Olivia Cook
CVS, Rite Aid and Walgreens to close down more than 1,500 stores due to rising retail crime, leaving MILLIONS without local access to medications
CVS, Rite Aid and Walgreens – drugstore chains for decades – are now closing thousands of stores, leaving health gaps in a growing number of communities for medicines and non-medical essentials at the front end. A month ago, CVS announced the closing of 900 stores (10 percent of all its branches) by the end of […]
10/24/2023
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By Olivia Cook
SEC chairman: AI could cause FINANCIAL CRISIS in the next decade if left unregulated
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that rapidly advancing artificial intelligence (AI) could cause a financial crisis that is “nearly unavoidable” in the next decade if left unregulated. According to the SEC chairman, the lack of diversity in AI technologies used by multiple institutions could one day pose a significant threat […]
10/04/2023
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By Olivia Cook
Retailers lost $112B in 2022 because of “unprecedented levels” of THEFT, causing stores to take drastic measures
Retailers across the nation faced a “dramatic jump in financial losses” – $112.1 billion in 2022 that is up from $93.9 billion in 2021 and $90.8 billion in 2020 – due to unprecedented levels of organized retail crime, according to the National Retail Federation (NRF). NRF data shows the hardest hit last year were retailers within metros, […]
10/04/2023
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By Olivia Cook
Philadelphia mass lootings leave residents desperate and store owners cleaning up after the destruction
Residents of Democrat-run Philadelphia lived through consecutive nights of widespread looting incidents and mayhem fueled by social media – leaving residents desperate and store owners once again cleaning up after the destruction, reported the Philadelphia Inquirer. Groups of thieves, who were apparently working together, broke into and burglarized a string of businesses in Northeast Philadelphia – smashing […]
09/25/2023
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By Olivia Cook
Organized retail crime, not just shoplifting, is surging across the U.S. with dangerous and costly consequences
Theft is an ever-present issue for retailers. Across the U.S., retail stores are fighting a war against large, highly organized and violent gangs, whose attacks have become more visible, brazen and escalating in severity in recent months. In the process, they’re endangering people’s lives and sapping corporate profits. Store employees no longer feel safe, and […]
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