3 Posts

cuts

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Google lays off employees, shifts some roles abroad amid cost cuts

  • 2 min
Google, owned by Alphabet, is implementing layoffs and shifting some roles abroad to cut costs. The company is reducing its workforce and some roles will be moved to hubs in India, Chicago, Atlanta, and Dublin. This follows previous job cuts, and fears arise about ongoing layoffs amid economic uncertainty. CEO Sundar Pichai predicted more job cuts earlier this year.
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IKEA cuts prices to boost sales

  • 3 min
IKEA is slashing prices on various products in countries like Belgium, Canada, and India to reverse 2022 increases. Cost decreases and lower raw material prices are driving this initiative to boost sales. The aim is to restore prices to pre-pandemic levels. Despite global shipping disruptions, this strategy remains unaffected. Ingka Group is the primary global franchisee of IKEA.
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Russia and Saudi Arabia urge all OPEC+ powers to join oil cuts

  • 2 min
In Moscow, the world's top two oil-exporting nations, Saudi Arabia and Russia, issued a joint call on Thursday for all OPEC+ members to join an agreement on output cuts in the interest of the global economy. This plea came shortly after a tense meeting of the OPEC+ producers. Following a hastily arranged visit by Russian President Vladimir Putin to Riyadh to meet Saudi Crown Prince Mohammed bin Salman, a joint statement was released by the Kremlin summarizing their discussions.