Nike said in February that it will slash 2% of its global staff as part of a restructuring, but did not specify how many cutbacks would be made locally.
Sectors
Philippines Wants US, Japan to Fund Freight Railway Project After It Drops Funding Talks With China
The Philippines is seeking alternative financing deals for a freight railway project after funding talks with China were dropped.
In the Era of Shrinkflation, Cinemark Sued for Allegedly Swindling Customers by Shortchanging Them on Beverages
Cinemark is allegedly duping its customers by offering 24-ounce drink cups that can only hold a maximum of 22 ounces, according to a proposed class-action suit filed in a Texas federal court.
FAA to Issue New Rest Rules for Air Traffic Controllers Following a Series of Near-Miss Incidents
The Federal Aviation Administration (FAA) on Friday announced new rules for air traffic controllers to rest at least 10 hours between shifts and 12 hours before a midnight shift.
Joe Biden Bashes Donald Trump for Inheriting His Wealth as He Touts His Middle-Class Upbringing in Union Speech
As he tried to appeal to union workers on Friday, President Joe Biden compared his upbringing to Donald Trump and hit the former president for inheriting his wealth.
Latest News
Japanese researchers have developed an AI tool that can analyze employee data and accurately predict when recruits are likely to quit their jobs.
Lululemon announced that it will close its Washington distribution facility and lay off 128 workers.
This Saturday, in celebration of National Cold Brew Day, coffee aficionados nationwide are in for a treat with various coffee shops and producers offering special deals and discounts.
The International Olympic Committee (IOC) announced it will use artificial intelligence (AI) in sports.
A new investigation alleges that BAE Systems, the UK's largest military contractor, traded with human rights violators.
Telegram has introduced a new feature enabling users to transact using the stablecoin USDT via The Open Network (TON), an integrated blockchain network, potentially broadening the adoption of Tether's USDT coin among its 900 million global users.
Tesla is recalling over 3,000 2024 Cybertrucks produced between Nov 13, 2023 - Apr 4, 2024 due to a potentially faulty pedal mechanism that may cause unintended acceleration, with Tesla committing to free repairs or replacements of affected parts.
China's top internet regulator ordered Apple to remove WhatsApp and Threads from their app store, citing national security concerns.
Netflix's decision to cease reporting quarterly subscriber numbers heralds a shift in focus towards financial metrics like revenue and free cash flow, indicating its evolution beyond the "streaming wars."
