Amazon cuts games unit jobs in broader restructuring

Amazon cuts games unit jobs in broader restructuring

The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, January 5, 2023. REUTERS/Pascal Rossignol Acquire Licensing Rights Nov 13 (Reuters) – Amazon.com (AMZN.O) has cut around 180 jobs in its games division, at least the second round of layoffs in under a week by the online retailer and digital … Read more

UAW strikes GM’s Escalade factory, turning up pressure for higher wages

UAW strikes GM’s Escalade factory, turning up pressure for higher wages

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Oct 24 (Reuters) – The United Auto Workers (UAW) union on Tuesday struck a General Motors (GM.N) assembly plant in Texas that builds … Read more

Elevance raises 2023 profit forecast on easing fears over medical costs

Elevance raises 2023 profit forecast on easing fears over medical costs

Oct 18 (Reuters) – Health insurer Elevance Health (ELV.N) raised its annual adjusted profit outlook and beat Wall Street estimates for third-quarter profit on Wednesday, on the back of lower-than-expected medical costs, sending shares over 2% higher. Elevance, however, took a nearly $700 million charge due to job cuts and write-offs from some technology assets … Read more