Molson Coors Beverage Company is making some big changes. They plan to cut about 400 jobs, which is 9% of their salaried workforce in the Americas, by the end of this year. This is part of a bigger plan to restructure the company. Why are they doing this? Well, it's not easy out there. Companies in the U. S. that sell alcohol are facing some tough times. People are ...
A big change is happening at Paramount. The company has joined forces with Skydance Media in a deal worth $8 billion. This merger is set to reshape Paramount into a tech-savvy entertainment giant. The new company will be led by David Ellison, who will serve as both chairman and CEO. The merger means Paramount will be split into three main parts: studios, direct-to-c...
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...