Rivian Axes 600+ Jobs in Major EV Industry Restructuring
Electric vehicle maker Rivian announces massive workforce reduction affecting 1% of staff. CEO RJ Scaringe cites economic challenges and strategic realignment in internal memo.
Category : Search result: OPEC supply cuts
Meta Layoffs Target AI Safety and Privacy Teams
Meta's recent workforce reduction targeted employees responsible for monitoring AI risks and protecting user privacy, raising concerns about digital safety.
Target cuts 1,800 jobs in sales revival restructuring
US retail giant Target announces significant workforce reduction affecting approximately 1,800 employees as part of comprehensive restructuring strategy to boost declining sales and operational efficiency.
Morgan Stanley vs Amazon: Job Cuts Controversy
Investment giant Morgan Stanley's report predicting massive job cuts at Amazon faces strong rebuttal from the e-commerce leader. Get the full story behind this corporate clash.
India's crude import costs surge as Russian oil share declines
India's crude import costs surge as Russia's share in oil imports declines. With discounts narrowing, New Delhi turns to more expensive Middle Eastern suppliers, impacting the economy and fuel prices.
IT Layoffs Rise: Firms Spin Job Cuts as Restructuring
India's IT sector faces turbulent times as major firms implement widespread layoffs while framing them as organizational restructuring. Discover the real impact on employees and the industry's shifting dynamics.
US Climate Research Faces Major Funding Cuts
America is dramatically reducing its climate research funding, potentially jeopardizing global efforts to combat climate change and monitor environmental shifts.
NZ Hit by Second Major Storm: Chaos & Power Cuts
New Zealand faces back-to-back weather emergencies as another severe storm batters the country, causing flooding, landslides, and massive power disruptions across multiple regions.
Meta cuts 600 AI jobs in superintelligence labs restructuring
Meta announces significant workforce reduction affecting 600 employees at its AI research division, FAIR, as part of broader efficiency measures while maintaining AI development focus.
Meta cuts 600 jobs in AI shift, challenges OpenAI
Meta announces major layoffs affecting 600 employees as Mark Zuckerberg redirects billions toward AI superintelligence projects, directly challenging OpenAI in the artificial intelligence race.
Meta Slashes 600 AI Jobs in Major Restructuring
Meta implements significant workforce reduction, cutting 600 positions across its AI research division FAIR and infrastructure teams as part of strategic realignment in competitive AI landscape.
India's Diwali Spending Hits ₹6 Lakh Crore Record
Indian consumers shattered records this Diwali season, spending an unprecedented ₹6 lakh crore as GST reductions fueled unprecedented shopping enthusiasm across the nation.
Rare Earth Elements: Reshaping Global Power Dynamics
Discover how rare earth elements are transforming international supply chains and becoming the new currency of geopolitical influence in our comprehensive analysis.
India-US Trade Deal: Major Tariff Cuts Imminent
India and the United States are finalizing a landmark trade agreement that could slash tariffs on over 200 products, creating new opportunities for businesses in both nations. Get the latest updates on this game-changing deal.
GST Cuts: Small Retailers Slow on Price Adjustments
Recent GST reductions on essential goods face implementation delays at local retailers. Discover why price adjustments lag despite government tax relief measures.
Diwali Retail Sales Hit ₹6 Trillion Record
India's festive season witnesses unprecedented retail growth as reduced GST rates boost consumer spending, with CAIT data revealing remarkable economic resurgence.
Fed to Cut Rates Twice in 2025: Reuters Poll
The US Federal Reserve is expected to cut interest rates twice in 2025, with the first reduction likely in December 2024, according to a Reuters poll. Discover what this means for global markets and the Indian economy.
India's Oil Imports Set to Surge as Refineries Resume
India's crude oil imports are poised for significant growth as major refineries complete maintenance. Discover how GST cuts and global market dynamics are shaping the energy sector.
Oil Prices Fall Amid Supply Glut, Trade Talk Focus
Crude oil markets face significant pressure as swelling inventories and demand concerns trigger price declines, despite ongoing US-China trade negotiations that could impact global economic outlook.
Indian Pharma Q2 Preview: Steady Growth Amid Challenges
India's pharmaceutical sector gears up for Q2 FY25 with projected 5-7% revenue growth, navigating US pricing pressures and domestic GST reductions while maintaining stable profitability.
Oil Prices Hold Losses Ahead of US-China Trade Talks
Crude oil struggles to recover from recent losses as investors await crucial US-China trade negotiations. Brent crude trades near $82 amid demand concerns and economic uncertainty.
Auto Industry's Brutal Supply Chain Year Revealed
From semiconductor shortages to Red Sea disruptions, the automotive sector faced unprecedented supply chain challenges that crippled production and delayed deliveries across India.
Festive Sales & GST Cuts Boost Indian Consumer Spending
India's retail sector witnesses significant growth as festive sales and government tax reductions fuel consumer spending across key categories including mobile phones, apparel, and FMCG products.
Dhanteras 2023: Record-breaking sales in cars, electronics, jewellery
This Dhanteras witnessed unprecedented consumer spending with cars, electronics, and jewellery seeing massive demand. GST cuts and festive spirit drive Indians to splurge like never before.
TIA, backed by Melinda Gates, announces layoffs
TIA, the women's health startup supported by Melinda French Gates, implements workforce reduction as CEO explains the move addresses critical feedback about organizational structure and efficiency.
GST Cuts Boost Economy: Common Man Benefits
Union Ministers reveal how strategic GST reductions are putting money back in citizens' pockets while boosting consumption and driving investment growth across India's economy.
Rural Banks Boost Credit in Semi-Urban & Rural India
Finance Ministry directs regional rural banks to accelerate lending in underserved areas amid growing demand. GST rate rationalization for banking services could further boost financial inclusion mission.
Delhi Diwali Markets Busy But Sales Growth Modest
Ahead of Diwali, Delhi's markets are vibrant with shoppers, but traders report that recent GST reductions haven't translated into the significant sales spike many had hoped for, as cautious spending continues.
Oil heads for weekly loss as tensions ease, glut concerns grow
Global crude oil markets face downward pressure as Middle East conflicts show signs of de-escalation and inventory data reveals unexpected supply builds, potentially signaling the end of recent price rallies.
US Education Dept Layoffs Threaten Student Programmes
Massive staff reductions at the US Department of Education threaten critical student support programmes. Discover which initiatives are on the chopping block and how Indian students could be affected.
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