Peloton CEO steps down, fitness unicorn to slash headcount by 15%
Peloton’s fitness company plans to cut about 15% of its global workforce, and Peloton’s chief executive officer will step down from his position. Secretary of State Barry McCarthy notified Peloton’s approximately 3,500 employees in a letter of his resignation. Note On Thursday morning, he sent out that his “only lasting legacy in Peloton” is the […]
Florida real estate inventory surges, sellers slash prices
Real estate inventory in some parts of Florida has skyrocketed to uncomfortable levels, and sellers are starting to cut prices, according to the report. On Florida’s West Coast, the number of homes for sale and the rate at which current owners are reducing their asking prices has skyrocketed. According to the report Real estate company […]
Tesla to slash global workforce by more than 10% as sales drop
Tesla has cut more than 10% of its global workforce. CEO Elon Musk called the move a “difficult decision” for the company, which is grappling with declining sales as electric vehicle price competition intensifies. The layoffs, announced Monday in an internal memo to Tesla’s roughly 140,000 employees worldwide, could reach as much as 20% in […]
Joe Biden Moves to Slash Medicare Advantage
The Biden administration has finalized a move to cut Medicare Advantage as the 46th president claims former President Donald Trump seeks to cut the entitlement program. The Biden administration on Monday cut Despite pressure from Republicans and medical experts, base payments for Medicare Advantage plans increased by an average of 0.16 percent. This follows Biden’s […]
Visa and Mastercard agree to slash fees in $30B landmark settlement
Visa and Mastercard reached a landmark $30 billion settlement Tuesday that limits merchant credit and debit card fees, some of which will likely be passed on to consumers. The antitrust settlement is one of the largest in U.S. history and, if approved by the court, would also resolve claims in a lawsuit that began in […]
California chains slash workers as $20-an-hour minimum wage looms
California restaurants are laying off staff and reducing hours for other team members to cut costs ahead of California law that increases fast-food workers’ hourly wage to $20 per hour, taking effect April 1 It is reported that they are doing so. In the months leading up to the wage mandate, California restaurants, especially pizza […]
Suspect who stabbed twins with ‘big knife’ in Brooklyn also tried to slash bodega worker
The despicable thug who stabbed two twin teens and killed one at a Brooklyn mall on Sunday also tried to slash store employees during the frenzied rampage, The Post reports. Reported. Shop owner Mohamed Albejer, whose brother-in-law owns Slope Natural Plus, said Monday that employees had to lock the door on the killer, who was […]
Realtor group agrees to slash commissions in major $418M settlement
The National Association of Realtors (NAR) will eliminate its standard 5% to 6% sales commission as part of a $418 million settlement with home sellers. The powerful real estate organization announced in a press release that it has agreed to pay $418 million in damages to resolve several lawsuits from home sellers. The lawsuit alleged […]
Doomed CNN Forced to ‘Dramatically’ Slash Anchor Salaries
Doomed CNN, a far-left propaganda station that spreads conspiracy theories and violence, is considering cutting anchors’ salaries by “more than $50 million.” Let’s start by looking at your current salary.You won’t believe how much these bastards are getting paid, according to reports per year: Anderson Cooper: $20 million Wolf Blitzer: $15 million Jake Tapper: $8.5 […]
Cosmetics company Estee Lauder to slash 3-5% of positions
UBS Financial Advisor Brenda O’Connor Juanas and Sitt Investment Associates Senior Vice President Bryce Doty preview the fourth quarter earnings report, discuss the Walmart stock grant and discuss the economic outlook. Cosmetics company Estée Lauder announced on Monday that it will cut up to 5% of its workforce worldwide as part of a restructuring plan. […]