Desperate Car Dealers Slashing EV Prices to Try and Boost Sales
Damn it. Do you want to buy a new electric vehicle (EV)? No, neither do I, but some people do, and desperate automakers are cutting prices by up to a quarter to move inventory. I am being welcomed by the dealer. This Is Money report According to market analysis by What Car?, the average discount […]
Mexico Repays Biden by Slashing Migration in 2024 Campaign Year
The influx of illegal immigrants under President Joe Biden plummeted in January after the Mexican government signed a deal in December to block them from entering the U.S. border. But Mexican President Andres Manuel López Obrador is being made to pay a price for securing Biden’s border in an election year. ––As a result, border […]
Paramount Global slashing 800 jobs amid takeover talks, record Super Bowl: report
Paramount Global will lay off about 800 people, or about 3% of its workforce, as the company aims to cut costs and return to revenue growth this year, people said Tuesday. In a memo to employees seen by Reuters, CEO Bob Bakish said affected employees based in the U.S. would be notified on Tuesday, and […]
Levi Strauss slashing corporate jobs, looking to go upscale under new CEO Michelle Gass
Levi Strauss Co. on Thursday said it expects annual sales and profits to fall short of Wall Street expectations and will cut 10 to 15 percent of its global workforce as the denim maker seeks to control costs amid a weak wholesale business. Levi attributed the weak outlook to the company's withdrawal from the Denizen […]
Macy’s slashing over 2K jobs, closing five stores amid pressure to go private
Department store chain Macy's will cut 2,350 jobs and close five stores as it seeks to streamline its operations, a company spokesperson told Reuters on Thursday. The layoffs represent 3.5% of Macy's total workforce. As of January 2023, the company operated 722 stores and employed 94,570 full-time and part-time employees, excluding seasonal employees. Reuters reported […]