Disney to Lay Off Nearly 175 Pixar Workers Following Box Office Disappointments and 'Woke' Controversy

Disney to Lay Off Nearly 175 Pixar Workers Following Box Office Disappointments and 'Woke' Controversy

Disney's Pixar has announced the layoff of 14% of its workforce, with President Jim Morris informing 175 employees of their termination following multiple box office failures and amid accusations that the company's parent has "gone woke."


TikTok Launches $1 Million Program for Socially Driven Creators Amid Potential US Ban

TikTok has launched a $1 million program for socially driven creators amid a potential ban in the US.

US Airlines Call for Government's Swift Action to Address Air Traffic Controller Shortage; FAA Strikes Back

US airlines has called on the government to address the shortage of air traffic controllers ahead of the summer travel season.

Tesla Shareholders Oppose Elon Musk Pay Package, Say CEO Lacks Strong Leadership for Being Busy to Other Businesses

Investors are clashing over Elon Musk's $56 billion pay package, arguing it is not in Tesla's best interest as the company faces declining sales, slowing EV demand, and a 30% drop in stock price.


Latest News

CHINA-ECONOMY
Chinese scientists at Tianjin University developed a cost-effective aluminum alloy with remarkable strength and heat resistance, revolutionizing aerospace and industrial applications.
Diddy Assault Controversy Update: Peloton Removes Rapper's Music From Fitness Programs
Peloton removed Diddy's music from all of its fitness programs due to the rapper's assault controversy.
Singapore-Microsoft Partnership To Help SMEs Adopt AI Easier, Faster; Thousands of Local Businesses To Receive Assistance
The new Singapore-Microsoft partnership will help SMEs adopt AI more easily and faster. Here's how this new collaboration will do it.
China will invest billions in the Cyberspace Administration's language model, based on Xi Jinping's ideology. They boast that it is more "secured and reliable" as ChatGPT remains inaccessible in China.
UAE-AIRPORT
Dubai Airports expects a record surge in passenger traffic this year, projecting over 100 million travelers by 2027, with 91 million anticipated by the end of 2024, despite recent disruptions from severe flooding.
US-ENTERTAINMENT-CINEMA-PIXAR
Pixar Animation Studios initiated layoffs affecting 14% of its workforce, approximately 175 employees, as part of a strategic shift away from original streaming series development following a period of expansion for Disney+.
Ai-Da Robot at UN Global Summit on AI for Good
Microsoft, Amazon, OpenAI, and other tech giants have committed to a landmark international AI safety agreement at the Seoul AI Safety Summit, including a "kill switch" to halt AI development if risks cannot be mitigated.
Elon Musk Receives Proposal From Nickel-Rich Indonesia to Establish EV Battery Plant in the Country
Tesla CEO Elon Musk has received a proposal from the government of Indonesia to put up an EV battery plant in the country.
UK Grocery Price Inflation Cools to Lowest Level Since October 2021, Industry Data Shows
Grocery price inflation in the UK has slowed to its lowest level since October 2021 and is gradually returning to "more normal levels," according to industry data.
Peloton Stock Plunges After Unveiling $1 Billion Loan to Refinance Debt
Peloton Interactive Inc. will reportedly undertake a "global refinancing" to resolve its debt and recover from a recent sales dip.
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