Streetbeat News

Labor Issues

INTC

Intel's CEO Pat Gelsinger is stepping down after a challenging 4-year tenure. The company's interim co-CEOs addressed the workforce in an all-hands meeting, emphasizing that Gelsinger's departure was a personal decision.

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December 02, 2024 | 11:45 pm

AMZN

Amazon has hired 250,000 people to manage increased holiday demand, and is using drones for deliveries in Phoenix, Arizona.

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December 02, 2024 | 10:00 pm

INGM

Ingram Micro Holding Corporation (NYSE: INGM) is implementing restructuring initiatives to reduce its workforce by 850 associates by Q1 2025, aiming to enhance efficiency and customer service for long-term growth.

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December 02, 2024 | 9:30 pm

LSPD

Lightspeed Commerce Inc announced further layoffs as part of a strategic restructuring to enhance profitability. The company anticipates incurring restructuring charges in its upcoming Q3 financial results.

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December 02, 2024 | 8:30 pm

VWAGY

Volkswagen is facing labor strikes at its German plants due to concerns over potential workforce reductions and plant closures.

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December 02, 2024 | 5:00 pm

VWAGY

Volkswagen workers in Germany have initiated warning strikes due to escalating labor disputes over job cuts, pay reductions, and factory closures.

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December 02, 2024 | 5:00 pm

LEV

Lion Electric shares surged after announcing extended debt deadlines and temporary workforce reductions. The stock rose 135% following the news.

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December 02, 2024 | 5:00 pm

BMBL

Bumble announced that its CFO, Anu Subramanian, will step down effective March 14, 2025, amid growth challenges.

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December 02, 2024 | 3:30 pm

VWAGY

Volkswagen AG workers in Germany have initiated a strike in response to the company's cost-cutting plans. This labor action could impact Volkswagen's operations and financial performance.

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December 02, 2024 | 2:30 pm