Author: Elena Romero

The tech industry is re-evaluating employee perks, especially food-related benefits, as companies like Intel, Meta, and Google adjust offerings in light of economic pressures and changing work dynamics. Despite downturns, some firms in Israel are increasing food budgets. The rise of hybrid work models is reshaping employee needs, compelling companies to reassess their benefits packages…

Seventeen former CEOs from major US companies endorsed Kamala Harris for president in a Fortune op-ed, stating she would be better for the economy than Donald Trump. They criticized Trump’s anti-business positions, including proposed tariffs and threats to Federal Reserve independence. This endorsement reflects a shift in corporate political support amid rising endorsements for Trump…

TKO Group Holdings, parent company of WWE, has announced the acquisition of PBR, On Location, and IMG from Endeavor for $3.25 billion. This move aims to enhance TKO’s presence in the premium sports market. The board also authorized a $2 billion share repurchase program and a quarterly cash dividend of $75 million to return value…

Defiance ETFs has launched the XMAG ETF, providing investors exposure to the S&P 500 without the Magnificent 7 tech giants, addressing concerns over portfolio concentration. XMAG is based on the BITA US 500 ex Magnificent 7 Index, which ensures a diversified representation of publicly traded securities. This product offers a solution for those wanting balanced…

Samsung’s foundry division is experiencing a crisis as employee morale plummets and approximately 200 engineers seek positions at SK hynix, which only has three openings for experienced staff. This resignation wave follows a disappointing quarterly earnings report and reflects the growing competitiveness in the semiconductor industry. Despite restructuring efforts, Samsung struggles to retain its talent…

This article highlights Google’s legal battle over app store practices, AI companies’ interest in nuclear energy, and Perplexity’s fundraising efforts to enhance its valuation amid challenges of plagiarism accusations. These developments reflect significant shifts in the tech industry regarding competition, energy sustainability, and funding dynamics. In a significant development within the tech sector, Google is…

A proposed shift towards an opt-out model for data usage by AI firms raises serious concerns over individual privacy and data rights. This approach could enable companies to freely use personal content for training AI systems without consent, fundamentally altering the relationship between users and technology firms. The call for this policy change, heavily influenced…

Orvis, a longstanding Vermont company known for outdoor apparel and fly-fishing gear, plans to lay off 112 employees and discontinue its mail-order business after 170 years. The headquarters relocation from Sunderland to Manchester precedes these changes, with company leadership emphasizing a shift toward stronger online sales. President Simon Perkins assures support for laid-off workers as…

Wipro has introduced a hybrid work policy allowing employees to work remotely for three days a week and up to an additional 30 days per year with manager approval. This decision stands in contrast to other tech giants enforcing full-time office attendance. The policy aims to provide greater flexibility for personal care and work-life balance.…

Infosys has initiated a large-scale promotion strategy, advancing 25 senior executives to vital leadership roles amid ongoing talent losses to competitors. This effort aims to retain experienced personnel, secure client relationships, and foster internal leadership continuity as the company faces the slowest growth in years. Infosys has undertaken a significant promotion initiative, elevating a substantial…