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Business

Spotify will lay off 600 employees: CEO Spotify

Spotify Technology will likely lay off employees, which might happen as soon as this week. Bloomberg News reported on Sunday that Spotify Technology is considering layoffs as soon as this week to slash costs, joining Alphabet Inc., Amazon.com Inc., and Microsoft Corp. in doing so. Spotify, the Swedish music streaming company, announced Monday that it … <a href="https://newsjournal.in/spotify-will-lay-off-600-employees-ceo-spotify/" rel="noopener noreferrer">Read more</a>

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Elon Musk Has Announced That He Will Stand Down as CEO of Twitter Once a Replacement Has Been Found.

Elon Musk said on Tuesday, December 20, 2022, that he will stand down as CEO of Twitter after choosing a replacement. Business: “I will resign as CEO as soon as I find someone foolish enough to take the job! After that, I will just run the software & servers teams,” Mr. Musk wrote on Twitter. … <a href="https://newsjournal.in/elon-musk-has-announced-that-he-will-stand-down-as-ceo-of-twitter-once-a-replacement-has-been-found/" rel="noopener noreferrer">Read more</a>

Business

For $1.35 billion, Mondelez will sell its gum business in developed regions

The company that makes Oreos, Mondelez International Inc, announced on Monday that it had reached an agreement to sell Perfetti Van Melle Group its gum business in the US, Canada, and Europe, including brands like Trident and Dentyne, for $1.35 billion. The creator of Cadbury has been reorganising its portfolio to put more of an … <a href="https://newsjournal.in/for-1-35-billion-mondelez-will-sell-its-gum-business-in-developed-regions/" rel="noopener noreferrer">Read more</a>