The news that the recently formed Stellantis carmaker is planning to layoff workers from its Jeep division has been met with shock from auto workers and industry analysts alike. But, surprisingly, the layoffs have nothing to do with the economic environment or a companywide reorganization. Instead, Stellantis is citing a shift in consumer demand for… Continue reading Stellantis is blaming EVs for its upcoming Jeep layoffs
Category: its
Sam Bankman-Fried secretly handed $27 million to a major crypto news site and its CEO
In a surprise move, Sam Bankman-Fried, CEO of popular cryptocurrency derivatives trading and software platform FTX, has secretly handed a staggering $27 million to an anonymous crypto news and information site, as well as its Chief Executive Officer. The news was revealed on FTX’s official blog over the weekend, and sparked a great deal of… Continue reading Sam Bankman-Fried secretly handed $27 million to a major crypto news site and its CEO
Alphabet’s Wing shows off drone deliveries from new command center
On Wednesday, Alphabet’s Wing announced that it has opened its first command center, from where it pilots its drone delivery program. The new facility, located in Blacksburg, Virginia, is the company’s first for the United States. Wing, which is a subsidiary of Google’s parent company Alphabet, is dedicated to building drone technology to make deliveries… Continue reading Alphabet’s Wing shows off drone deliveries from new command center