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Category Archives for "News"

Bob Iger Announces Disney’s Restructuring Plan and Cost Savings

Bob Iger, the CEO of The Walt Disney Company, announced a massive restructuring of the world’s largest entertainment company on Wednesday.[0] The new plan includes cutting 7,000 jobs and making $5.5 billion in cost savings. The reorganization will divide the company into three core businesses: Disney Entertainment, ESPN and Disney Parks, Experiences and Products.[1] The […]

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Americans Remain Optimistic Despite Economic Woes

A new Gallup poll released Wednesday found that half of Americans have reported their financial situation is worse than it was a year ago, the highest amount since the Great Recession of 2008 and 2009.[0] Despite this, Americans remain optimistic about the coming year, with 60% expecting to be better off financially and 28% expecting […]

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Zoom Announces Layoffs and Executive Pay Cuts

Zoom Video Communications Inc., the San Jose-based video conferencing software company that became ubiquitous during the pandemic, has announced it will lay off 1,300 employees, or around 15% of its workforce.[0] This is the latest in a series of Big Tech layoffs, joining Microsoft, Amazon, Meta, and PayPal.[1] In a memo to employees, Zoom’s CEO, […]

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Fed Looks to Raise Rates Further to Combat Inflation

The Federal Reserve Bank of Atlanta President Raphael Bostic said Monday that the strong jobs report released in January could lead to the central bank increasing its key interest rate to a higher peak than what policymakers had previously expected.[0] The news comes after the Federal Open Market Committee (FOMC) raised its policy interest rate […]

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