layoffs

Healthcare

23andMe Gives Up on its Drug Development Dream

Photo by Mike Mozart via CC BY 2.0

A treasure trove of genetic data may hold the key to a revolution in drug development, but it offers no clues for building a business.

2 min read

Photo by Sven Piper via Unsplash

Industrials

Boeing Tries to Bury 17,000 Layoffs in Friday News Dump Extraordinaire

Boeing announced 17,000 layoffs, a delay to the launch of its 777X passenger jet, and billions in charges related to ongoing strikes.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Lyft Seeks Micromobility Patents Amid Bike and Scooter Restructuring

The company’s recent changes, aimed at “right-sizing [its] cost structure,” include layoffs and shifting focus from R&D.

2 min read
Photo by Wirestock via iStock

Finance

PwC Slashes 1,800 Jobs in First Mass Cuts Since 2009

PricewaterhouseCoopers said it will lay off 1,800 staff members at its US unit next month. It will impact 2.5% of the unit’s employees.

1 min read

Media & Entertainment

CNN Announces Layoffs, New Digital Subscription Business

Photo by Chris Yarzab via CC BY 2.0

CNN announced layoffs of 100 employees, a reorganization of its newsrooms, and its “first direct-to-consumer subscription product.”

2 min read

Consumer

Joann Fabrics Mulls a Bankruptcy Filing

Photo by Mike Mozart via CC BY 2.0

The crafts retailer may have a deal to keep operating, but it faces a long-term debt load of $1.1 billion.

1 min read

Patent Drop

Google’s May Want to Keep Closer Track of User Hand Movements

Photo via U.S. Patent and Trademark Office

Despite layoffs in its hardware and AR departments, the company has filed a number of patent applications for extended reality tech.

2 min read
Media & Entertainment

Amazon Axes Hundreds of Employees Across Streaming Business

Photo by Thibault Penin via Unsplash

Amazon has announced hundreds of layoffs across its Prime Video, TV and film studios, and Twitch businesses.

2 min read
Personal Finance

Hiring Slowdowns Have MBA Grads Scrambling for a Plan B

(Photo Credit: Joshue Hoehne/Unsplash)

With economic uncertainty looming over the finance industry, a handful of the most popular firms have cut back their MBA hiring efforts.

2 min read

Photo by Chevanon Photography via Pexels

Markets

Coffee and Chocolate Are the Reigning Commodity Kings

The tight supply of both beans meant trading prices were extremely volatile, and the result was that cocoa almost tripled in price last year.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Richard Darko via iStock

Alternatives

Collectibles are Fun but Risky Investments

A portfolio doesn’t have to be just stocks and bonds. You can add something a little more fun, say your favorite vintage baseball cards.

4 min read
Photo by Brett Sayles via Pexels

Artificial Intelligence

Biden Administration Eyes Data Center Regulations

Which way Trump will lean on the issue is difficult to say, though tech companies have worked hard to curry the incoming president’s favor.

2 min read

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