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amazon 3.56%
com company
The new year kicked off with a flurry of corporate layoffs. Amazon laying off workers, WSJ reports Will now affect over 18,000 employees and focus on its enterprise fleet, beating the e-commerce giant’s earlier forecasts.At the same time, business software providers
sales force company
Customer Relationship Management System 3.06%
Wednesday Said to lay off 10% of the workforceand online styling company
suffix 4.00%
Thursday Announced 20% reduction in salaried positions With the resignation of its chief executive. Amazon shares closed down 2.4 percent on Thursday.
tesla company
tesla 2.47%
As 2022 draws to a close, Tesla loses speed.
Elon Muskof electric car makers did not meet the original goal Annual deliveries rose 50% or more last year, ending the stock’s worst annual performance. Demand for its vehicles appears to have weakened, with Covid-related production disruptions persisting. Meanwhile, Mr. Musk has frustrated many investors with his $44 billion purchase of Twitter Inc. The Tesla CEO has liquidated more than $39 billion worth of Tesla stock since the stock price peaked in November 2021, with some of the sales tied to Twitter. Tesla shares fell 12% on Tuesday.
Silvergate Capital company
The implosion of FTX triggered a run on one of the top banks in the cryptocurrency market.silver door Race to pay $1.8 billion in withdrawals During the collapse of the trading platform FTX, the company was forced to sell assets at a huge loss. FTX and other companies controlled by its founder, Sam Bankman-Fried, account for about $1 billion of the bank’s deposits. Silvergate plans to cut some operations to weather the downturn, laying off 40% of its workforce and shelving plans to launch its own digital currency. The bank said it remains committed to crypto and has the funds to deal with an “ongoing transition period.” Silvergate shares plummeted 43% on Thursday.
Walgreens Boots Alliance company
Bad weather at Walgreens.chain pharmacy Indicates a decline in sales in the most recent quarter, as it faces shrinking demand for Covid-19 vaccines and tests. To make up for lost revenue, Walgreens is looking to hire more pharmacists and build out its booming health care business. Chief Executive Roz Brewer told analysts she believes the company can make up for the decline by boosting sales at its U.S. pharmacies and its recent acquisitions of primary and urgent care clinics. Thousands of the company’s pharmacies have been operating reduced hours due to a shortage of pharmacists. Shares of Walgreens fell 6.1 percent on Thursday.
conagra brand company
Conagra expects to offer higher prices this year. The maker of Healthy Choice frozen meals and Slim Jim expects inflation to slow in the coming months, but company officials say prices for its products could still rise further.ConAgra reports strong quarterly results and Added outlook for FY 2023 The company has since continued to raise prices to avoid inflation and supply chain pressure. Price increases and a shift in sales mix helped boost revenue, but volumes fell as customers balked at price increases. ConAgra shares rose 3.4% on Thursday.
Bed bath and others company
BBY -22.49%
Are the curtains from Bed Bath & Beyond?dilapidated housewares chain preparing to file for bankruptcy The company came weeks after experiencing a sales shortfall during the crucial holiday season, The Wall Street Journal reported Thursday. Earlier in the day, Bed Bath & Beyond warned that it could file for Chapter 11 bankruptcy and was seriously doubting it would be able to stay in business after another quarter of deep losses and declining sales. Chief executive Sue Gove said inventory constraints had weighed on performance, as recent credit drawdowns had prevented the company from stocking stores with sufficient stock. Shares of Bed Bath & Beyond plummeted 30% on Thursday.
world wrestling entertainment company
The former head of World Wrestling Entertainment wants to return to the ring. Vince McMahon, the company’s majority shareholder who retired last year amid a misconduct investigation, Planning to return and looking to sell the businessMr. McMahon said Thursday that he told the company he was electing himself and two former co-presidents and directors to the board. Reinstating Mr McMahon and others would require the departure of three current directors. The board previously rejected Mr. McMahon, who retired as WWE CEO and chairman last July, while the board was investigating allegations of sexual misconduct against him. WWE stock rose 17% on Friday.
write to Francesca Fontana francesca.fontana@wsj.com
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