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Warner Music Group to Cut 4% of Workforce
The label behind Ed Sheeran and Madonna will eliminate 270 jobs as it repositions toward growth in technology. Source link
Macy's CEO to Retire, Give Reins to Bloomingdale's Boss
The transition comes at a time of upheaval for retailers as high inflation pinches consumers and pushes up manufacturing costs. Source link
Exxon's Climate Opponents Were Infiltrated by Massive Hacking-for-Hire Operation
A charity created by some Rockefeller heirs is among the groups targeted by hackers. The oil giant hasn’t been accused of wrongdoing. Source link
AI Experts Call for Pause in Technology's Development
Tesla CEO Elon Musk and AI pioneer Yoshua Bengio are among those who want a moratorium of at least six months to set safety standards
Starbucks's Schultz to Testify About Negotiations With Unions
Howard Schultz, who stepped down as CEO this month, is expected to defend the coffee chain against accusations it has retaliated against pro-union workers. Source
GameStop Decides It Likes Stores After All
Ryan Cohen took control of GameStop Corp. in 2021 vowing to transform the faltering videogame retailer into an e-commerce juggernaut. Meme-stock investors loved the idea.
The Metaverse Is Quickly Turning Into the Meh-taverse
Disney and Microsoft both closed projects tied to the metaverse this month, while Facebook parent Meta focuses on artificial intelligence. Source link
Adidas to Drop Opposition to Black Lives Matter’s Three-Stripe Logo
Business Sportswear company had challenged campaign group’s bid to trademark its logo design Source link
EV Startup Lucid Cuts 18% of Workforce, Including Some Executives
The maker of high-end electric cars plans to lay off about 1,300 employees. Source link
NFL, RedBird Team Up to Distribute Sunday Ticket Games to Bars, Restaurants
WSJ News Exclusive Media & Marketing Sunday Ticket was previously the remit of DirecTV, and YouTube recently acquired residential rights for popular subscription package Source