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News & Articles By Olivia Cook
02/14/2024
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By Olivia Cook
Internal report finds Ford can increase its profits by up to 50% if it stops selling EVs
Automaker Ford recently released an earnings projection showing that the company’s profits could soar by 50 percent if it halted production of and investment in electric vehicles (EVs). Amid weaker consumer demand for premium EVs, Ford has already announced that it is slashing production of its F-150 EV Lightning pickup truck – the electric version of […]
02/13/2024
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By Olivia Cook
General Motors to bring back plug-in hybrids as EV market falters
In 2019, General Motors (GM) became the first major American automaker to announce that it was going “all-in” on producing pure electric vehicles (EVs). Now, the company is making a significant shift back into the plug-in hybrid market. This move was announced by CEO Mary Barra during the company’s recent earnings call on Jan. 30. Before […]
02/12/2024
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By Olivia Cook
LAYOFF season continues: PayPal cuts off 9% of its global workforce – roughly 2,500 jobs
PayPal has begun a series of company-wide layoffs that will cut about nine percent of its global workforce – or roughly 2,500 jobs. These job cuts came after new CEO Alex Chriss took over, and came on top of a prior round of dismissals of seven percent last year. In a letter sent to employees, Chriss noted that […]
01/30/2024
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By Olivia Cook
Job cuts in mainstream media outlets could lead to AI TAKEOVER of news industry
Thousands of journalists are facing a stark, scary “new reality” as mainstream news outlets are slashing jobs to stay afloat in the struggling industry. Questions about the future of U.S. journalism have been raised following the news industry’s bad start this year. In January alone, several publishers laid off their employees in a continuation of the […]
01/23/2024
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By Olivia Cook
YouTube lays off 100 employees amid wider job cuts at parent Google
Search engine giant Google has confirmed another round of layoffs – this time 100 employees on its video platform YouTube. Multiple media outlets reported on Jan. 17 that the tech giant told employees at YouTube’s operations and creator management teams of the job cuts via an internal memo. Their positions were reportedly being eliminated “to […]
01/23/2024
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By Olivia Cook
Car rental company SIXT drops Tesla EVs from its fleet due to poor resale value, high repair costs
Car rental company SIXT has announced that it would drop Teslas from its electric vehicle (EV) fleet due to poor resale value and high repair costs. In an email to customers obtained by Bloomberg, the company cited higher repair costs for EVs compared to gas-powered counterparts as a main reason for the move. These higher […]
11/29/2023
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By Olivia Cook
Study: More Americans ditched turkey for FAST FOOD on Thanksgiving
More Americans have opted for fast food items instead of traditional roast turkey for Thanksgiving, according to a study. The study by Casino.org involved a nationwide survey of 2,000 American residents in 16 states, alongside a Google Trends analysis to find the most sought-after fast food chains. They then listed down the Top 6 fast […]
11/29/2023
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By Olivia Cook
Amazon workers across Europe staged a WALKOUT on Black Friday to protest measly pay, working conditions
On Black Friday, Nov. 24, one of the busiest days of the year, workers at Amazon fulfillment centers and warehouses located at multiple locations across Europe walked out in protest against the U.S. e-commerce giant’s labor practices. The “Make Amazon Pay Day” initiative – a campaign coordinated by the UNI Global Union – made the call […]
11/06/2023
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By Olivia Cook
Fake meat food bubble is bursting: Beyond Meat slashes revenue outlook, plans to cut jobs
Beyond Meat, Inc. announced on Thursday, Nov. 2., that it is slashing its revenue forecast for the second time in three months – a decline of as much as 21 percent from 2022. As it reduces operating expenses, the company also plans to eliminate 65 jobs, representing eight percent of its global workforce. The plant-based meat factory […]
11/01/2023
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By Olivia Cook
Automakers are abandoning plans to mass-produce EVs: People are finally seeing reality, says Toyota chairman
Major automotive companies are currently scrambling to respond to a shift in demand for battery-powered vehicles – leaving these auto giants wondering if they pushed electric vehicles (EVs) too early. In recent months, automaker giants Ford Motor Company and Toyota Motor Corporation have been issuing warnings about a sudden slowdown in consumer demand for EVs. […]
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