Meesho, an Indian e-commerce company, has laid off 251 employees, or 15% of its workforce, as part of its efforts to achieve profitability. The company’s founder and CEO, Vidit Aatrey, announced the decision in an email to employees, stating that affected employees would receive one month extra severance pay beyond their notice period as well
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Despite concerns over the state of the US economy and instability in the banking sector, US job growth exceeded expectations in April, according to a report by the Labor Department. Nonfarm payrolls increased by 253,000 jobs during the month, surpassing Wall Street estimates of 180,000, while the unemployment rate was 3.4%, compared to an estimate
Warner Bros. Discovery, like other major media companies, is shifting its focus to streaming video as an increasing number of Americans cancel their traditional pay TV subscriptions. The company, however, reported a big quarterly loss despite its U.S. direct-to-consumer (DTC) segment turning a profit for the first time ever. Details of the Earnings Report According
The Los Angeles Lakers are facing the Golden State Warriors in the second round of the playoffs, but they are struggling to stop the Warriors’ record-breaking three-point game. The Warriors have made 42 three-pointers in the first two games of the series, surpassing the league record for the most 3s hit by any team in
Kenvue CEO Thibaut Mongon has revealed that the company will focus on brand and product innovation to drive growth after it made its debut on the New York Stock Exchange. The company, spun out of Johnson & Johnson, boasts a portfolio of brands including Band-Aid, Tylenol, Listerine, Neutrogena, Aveeno, and J&J’s namesake baby powder. Ten
The World Health Organization (WHO) has announced that Covid-19 is no longer a global public health emergency. The pandemic has been on a downward trend with increasing population immunity from vaccination and infection, as well as decreasing mortality rates and easing pressure on health systems, according to WHO Director-General Tedros Adhanom Ghebreyesus. Tedros has declared
The Consumer Financial Protection Bureau (CFPB) has issued a warning for patients against costly medical credit cards and loans. These products can cause patients to pay significantly more than they otherwise would have. The Problem with Medical Financing Products Medical financing products, such as medical credit cards, medical installment loans, health savings accounts, and flexible
The wholesale prices of used vehicles in the United States have decreased for the first time this year, according to a report by Cox Automotive. The company’s Manheim Used Vehicle Value Index revealed a 3% dip from March to April, indicating a decline in demand. However, the index remains high compared to historical figures. It
The COVID-19 pandemic has significantly impacted the way people shop, with a noticeable shift towards online shopping. Many people have been forced to stay home due to lockdown measures, leading to an increased demand for e-commerce platforms such as Amazon, eBay, and Walmart. In addition, the fear of contracting the virus in public spaces has
A randomized controlled trial has found that exercise rehabilitation can lead to functional improvements for patients who experience breathing difficulties following a pulmonary embolism (PE). The incremental shuttle walk test (ISWT) scores for the rehabilitation group were significantly higher than the control group (difference 53 m, 95% CI 17.7-88.3, P=0.0035). The patients assigned to rehabilitation