Business & Economy3 stories

Corporate Developments and Job Cuts

Microsoft to cut up to 9,000 jobs as it invests in AI; Del Monte Foods files for bankruptcy in USA; Tesla deliveries fall for second quarter in a row.

📰 Coverage & Analysis

Microsoft to cut up to 9,000 jobs as it invests in AI

Analysis: Microsoft announced plans to lay off up to 9,000 workers as a part of its shift to invest heavily in artificial intelligence (AI).

Capital Business•1mo ago

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Del Monte Foods files for bankruptcy in USA

Analysis: Del Monte Foods Corporation II Inc. has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey to enhance its financial position and facilitate a strategic sale of its assets.

Capital Business•1mo ago

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Tesla deliveries fall for second quarter in a row

Analysis: Tesla has reported a 14% decline in vehicle deliveries for the second quarter of the year, marking the second consecutive quarterly drop amid increasing competition.

Capital Business•1mo ago

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The Online Kenyan

The Online Kenyan

Corporate Developments and Job Cuts

📰 Coverage & Analysis

Microsoft to cut up to 9,000 jobs as it invests in AI

Del Monte Foods files for bankruptcy in USA

Tesla deliveries fall for second quarter in a row