Xerox has announced a workforce reduction of 15% as part of its reinvention strategy. Xerox has initiated a significant restructuring effort in 2024, announcing a workforce reduction of 15% as part of its ongoing transition to prioritize business services over traditional photocopiers.
Industry
Private Payrolls Rose to 164,000 in December 2023, According to ADP
Private payrolls in the United States surged significantly in December 2023, according to ADP. Private payrolls in the United States surged significantly in December 2023, exceeding expectations and concluding a robust year for the nation's job market, according to the latest report from ADP.
US Company Peloton Partners with TikTok to Offer Short-form Fitness Videos
Peloton has recently announced a collaboration with TikTok, creating a new fitness hub named "#TikTokFitness Powered by Peloton."
GM Achieves its Best US Vehicle Sales in 2023 Since 2019
General Motors (GM) marked a significant achievement in 2023, reporting a 14.1% increase in U.S. vehicle sales.
Australian Manufacturer Hiro Brands Leaves Staff Jobless After Entering Voluntary Administration
Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 employees jobless.
Latest News
NASA wants to put humanoid robots in space one day to help humans explore the moon and Mars. Human-like robots might be the next big thing in space as NASA aims to launch its humanoid robot Valkyrie in the coming years to help humans explore the moon and Mars.
Several electric vehicle (EV) models, including the Nissan Leaf, Chevrolet Blazer EV, Tesla Cybertruck All-Wheel Drive, and some Tesla Model 3s, are no longer eligible for tax credits of up to $7,500.
Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Several major drug companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, are gearing up to implement price hikes on over 500 drugs in the United States in early January.
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.
India has identified nine global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, operating "illegally" in the country.
President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.
