Shailesh Jejurikar, a 58-year-old executive, is set to take the helm at Procter & Gamble (P&G) on January 1st. He will succeed Jon Moeller, who has been at the company's head since 2021 and will now take on the role of executive chairman. Jejurikar, who has been with P&G since 1989, has a strong track record, having led some of the company's biggest brands like Tide,...
Paramount Global has been through a lot lately. The company has been in talks with Skydance Media for over a year. They finally agreed to merge in July 2024. But the deal had to go through the FCC. That process was not easy. Critics said Paramount paid $16 million to settle a lawsuit. They thought this was to get President Trump's support. CBS also canceled "The Late...
Big changes are happening in the world of cable TV. Disney and Hearst, the owners of A&E, Lifetime, and History, have put these channels up for sale. This isn't the only shake-up happening. Other big companies like NBCUniversal and Warner Bros. Discovery are also selling off some of their TV channels. A&E, Lifetime, and History are well-known names in TV. They have ...
The tech world is buzzing with AI. Big companies are jumping on the bandwagon, using AI to make things run smoother and faster. This shift is causing a lot of changes, including job cuts. Andy Jassy, the head of a major tech company, recently dropped a hint about more layoffs on the horizon. Why? Because AI is taking over many tasks that humans used to do. This isn'...
The media giant Warner Bros. Discovery is making a significant move. It is splitting into two separate companies. One will focus on streaming and film production. The other will handle traditional TV networks. This decision was announced months ago and is set to wrap up by mid-2026. The goal is to give each new company a clearer direction and more flexibility in the ...
The tech world is buzzing with a high-stakes game of chess between Microsoft and OpenAI. These two giants are in the middle of a serious negotiation. The goal? To reshape their partnership and pave the way for OpenAI to go public someday. This isn't just about money. It's about control, innovation, and the future of artificial intelligence. OpenAI started as a non-p...
A major shake-up is happening at UPS. The company is planning to cut 20, 000 jobs. This is a big deal. It's all because of the economic uncertainty caused by Trump's tariffs. These tariffs are making it tough for UPS's biggest customer, Amazon, to keep up the same level of demand. UPS's shares took a small hit, dropping 1% in early trading. But the company is lookin...
Japan's stock market had a thrilling day recently. Shares in many companies skyrocketed. Why? Because Toyota, the giant carmaker, announced a massive plan. They want to take their parts-making subsidiary, Toyota Industries, private. This move could be worth a staggering 42 billion dollars. It's a huge deal, and it's got everyone talking. Akio Toyoda, the grandson of...
Catalyst Brands is making some tough decisions. The company, which is the new owner of JCPenney, is cutting 9% of its corporate jobs. This is the second round of layoffs in just a few months. So, what's going on? Catalyst Brands is in the middle of a big review. They're looking at all parts of the business to find ways to make it more efficient. This means some role...
Wayfair is closing its Austin office and cutting 340 tech jobs. This move comes after a major effort to update their technology systems over the past five years. The company says this will help them adapt to changing customer needs and support future growth. About 170 of the affected employees are based in Massachusetts. Wayfair had around 13, 500 employees at the en...