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Longtime Slashdot reader walterbyrd shares a report from Seeking Alpha: Amazon is reducing its headcount by more than 18K employees the company confirmed on Wednesday. Amazon CEO Andy Jassy confirmed plans to eliminate “just over 18K roles” between the…
Consortium spearheaded by Direct Line founder, Sir Peter Wood, have swooped for companyA consortium spearheaded by Direct Line founder Sir Peter Wood has swooped for the funeral services company Dignity in the first UK takeover attempt of the year.A su…
Discount retailer also rejigs leadership team, replacing relative of founder as chairThe discount retailer Wilko has borrowed £40m from restructuring specialist Hilco and rejigged its leadership team as it faces a cash squeeze after falling to a loss a…
Agreement caps regulator’s investigation into cryptocurrency’s compliance with requirements to prevent money laundering US-based cryptocurrency exchange Coinbase has reached a $100m settlement with New York’s Department of Financial Services (DFS), the…
Egypt’s Central Banks says the pound has seen its largest single-day slide since the government agreed to a $3 billion International Monetary Fund deal in late October.
Irish regulator fines Facebook owner €390m after EU rejects argument for use of data to drive personalised adsThe business model of Mark Zuckerberg’s Meta empire has been dealt a blow following a ruling that its legal justification for targeting users …
British Prime Minister Rishi Sunak, in his first major speech of 2023, has pledged to halve inflation, grow the U.K. economy and stop illegal immigration.
Company valued last year at £1.4bn says revenues rose almost threefold to £27mEuan Blair’s apprenticeship company, Multiverse, made a pre-tax loss of £14.2m last year – the sixth straight year of losses since the son of the former prime minister set it…
Union leader Mick Whelan brands reported £2,000 rise just before latest 24-hour strike as ‘tokenism’The train drivers’ union has dismissed as “tokenism” a pay offer reportedly being drawn up by the government before a new strike by its members on Thurs…
Telecoms giant invests in startup aiming to fly cargo along 165-mile corridor from Reading to RugbyBT has invested £5m in a startup seeking to create a drone corridor across southern and central England to carry cargo and other supplies.The telecoms gr…