Streetbeat News

Labor Issues

CBRL

Cracker Barrel Old Country Store (CBRL) expects a challenging near-term environment due to ongoing supply chain issues and labor shortages.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 12:03 pm

CC

Chemours announced the resignation of Sameer Ralhan as CFO, effective June 19, and appointed Jonathan Lock as the new CFO. Matt Abbott has been promoted to SVP, Chief Enterprise Transformation Officer.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 10:47 am

DRCT

Direct Digital Holdings announced the departure of CFO Susan Echard, effective immediately. Diana P. Diaz has been named Interim CFO.

Portfolio Pulse from Charles Gross

June 06, 2023 | 10:14 am

MOTS

Motus GI has promoted Ravit Ram, its current Vice President of Global Operation and Finance, to the position of Chief Financial Officer (CFO), effective immediately. This follows the departure of Andrew Taylor, who stepped down as CFO on June 2, 2023.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:45 pm

GOOG

GOOGL

SNAP

Eric Young, former Alphabet executive, has joined Snap Inc. as Senior Vice President of Engineering on June 5, 2023. Young previously served as Vice President of Engineering at Google.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:32 pm

DIS

Disney's Pixar Animation Studios has laid off 75 employees, including the director and producer of 'Lightyear', as part of a broader cost-cutting initiative led by Disney CEO Bob Iger. The plan aims to eliminate 7,000 jobs and reduce costs by $5.5 billion. The underperformance of 'Lightyear' at the box office may also be a factor in the layoffs.

Portfolio Pulse from Franca Quarneti

June 05, 2023 | 8:25 pm

RIVN

TSLA

Mustapha El Akkari, former head of Tesla's non-battery supply chain, has joined electric truck rival Rivian as a senior director of structures and raw material.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:07 pm

LVWR

LiveWire Group has appointed Karim Donnez as CEO, effective June 12, 2023. Donnez will succeed current CEO Jochen Zeitz, who will remain as Chairman of the company.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 8:01 pm

WMT

Walmart Inc (NYSE:WMT) is closing 23 retail locations across the U.S. due to poor financial performance. The company is also closing two unique “pick-up only” locations in Illinois and Arkansas, and cutting over 2,000 jobs at five U.S. e-commerce warehouses.

Portfolio Pulse from AJ Fabino

June 05, 2023 | 6:42 pm

SPY

The U.S. Retail Group has urged the White House to intervene in the ongoing West Coast port labor negotiations, as reported by Reuters. The situation may impact supply chains and affect businesses.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2023 | 6:18 pm