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Lion Electric lays off half its staff, looks to Mach for a bailout

Electric school bus maker Lion Electric has suspended manufacturing at its Joliet, Illinois facility after laying off nearly four hundred workers – more than half its global employees. The company hopes Canadian real estate developers Groupe Mach can save the day. The remaining 300-off Lion Electric employees are working to manage the company’s ongoing operations – including […]

B.C. premier lays out Canada’s right-left strategy to beat back Trump tariffs

British Columbia Premier David Eby says his fellow premiers and the federal government have hatched a game plan to fight U.S. tariffs, with conservative premiers lobbying Republican counterparts, left-leaning provincial leaders courting the Democrats, and Ottawa focusing on president-elect Donald Trump.  The premiers and Prime Minister Justin Trudeau talked about using their political diversity and […]

Cargill lays off 5% of its workforce, with job cuts impacting thousands of employees globally

Agribusiness giant Cargill is laying off thousands of its employees. Cargill confirmed this week that it would be reducing its global workforce by about five per cent. In a statement sent to The Associated Press on Tuesday, the food production company said that the cuts were part of a long-term strategy “to strengthen Cargill’s impact,” which includes […]

General Motors lays off about 1,000 workers, cutting costs to compete in a crowded automobile market

Article content DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. “We need to optimize […]

Alibaba’s YuanjingOS Lays Off Employees: After YunOS, It Also Gives Up on the Metaverse OS – Pandaily

During the metaverse boom in 2021, Alibaba Group Holding Limited established a wholly-owned subsidiary called “YuanjingOS” with a registered capital of 10 million RMB to focus on metaverse-related businesses. Three years later, Alibaba YuanjingOS – a team that once invested several billion yuan and had hundreds of employees – underwent large-scale layoffs. Many employees reported […]

Coinbase lays off ~18%, EU crypto regulation, $NFLX & $ROKU ad-tech talks, Hallow prayer app, Prey laptop security | E1484

Today, we kick off the episode with Coinbase’s several hundred-person layoffs (3:23) and the EU’s crypto regulation in progress (23:15). We cover Netflix talking with Roku to help run its planned ad-supported tier (35:18). Our Startup of the Day is Catholic Prayer and mediation app Hallow, partnered with Mark Wahlberg for promotion (41:03). We’ll also […]