Suppliers warn of more layoffs, spending cuts from UAW strike
As the UAW strike against the Detroit 3 enters its sixth week, suppliers are cutting back on capital expenditures and warning that many smaller Tier 2 and Tier 3 parts makers could soon be approaching a financial tipping point......»»
GM’s Detroit agency cuts expected to cause big job losses — how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
EV delays, changing plans dim suppliers" financial outlooks
Suppliers said automakers' rapidly shifting electrification plans will weigh on their future earnings as they make fewer parts for electric vehicles than they were banking on......»»
GM’s Detroit agency cuts expected to cause big job losses—how one shop is helping talent recover
Doner pledges $1 million to hire Detroit talent as part of broader #HireDetroit program......»»
UK beekeepers and scientists tackle sticky problem of honey fraud
Lynne Ingram cuts a peaceful figure as she tends to a row of humming beehives in a leafy corner of Somerset, southwest England......»»
Jaguar Land Rover production hit by flooding at aluminum suppliers
Supplies of aluminum have been impacted by floods in Switzerland. Porsche, Mercedes, BMW and Audi are also affected......»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
15,000 Intel job cuts announced, with Apple and Microsoft key factors in the decline
Some 15,000 Intel job cuts have been announced by the company, as it implements a $10B cost-reduction program to try to resolve its financial difficulties. Intel CEO Pat Gelsinger told employees that revenues have not grown in the way the company.....»»
Intel to Slash Thousands of Jobs in Latest Wave of Layoffs
The company confirmed that it will terminate around 15,000 roles. The post Intel to Slash Thousands of Jobs in Latest Wave of Layoffs appeared first on Phandroid. The tech industry can be a harsh environment sometimes, especially if you.....»»
Destiny 2 reportedly moving away from annual DLC following Bungie layoffs
A new report claims that following its latest round of layoffs, Bungie won't release annual expansions for Destiny 2......»»
Rearview camera recalls are becoming common. Here"s why
Ford, Volkswagen, Stellantis and Honda have experienced recalls in recent months because of faulty rearview cameras, all from different suppliers......»»
Seating supplier to cut jobs in Detroit after truck discontinuation
Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after Stellantis NV discontinues the Ram 1500 Classic. The seating supplier said it expects to make the permanent cuts by the end of September, according to a WARN.....»»
Human muscle cells come back from space, look aged
Astronauts' muscles atrophy in space, but we can identify the genes involved. Enlarge / Muscle atrophy is a known hazard of spending time on the International Space Station. (credit: NASA) Muscle-on-chip systems are thr.....»»
White ants: The Earth"s backboneless backbone
The first thoughts that probably come to mind when you read the words "white ant" are images of house destruction, wood damage, pest control, and spending money! While white ants are in fact a major structural and agricultural pest, they are among th.....»»
Live service isn’t gaming’s holy grail — and Bungie just proved why
Bungie's latest round of layoffs is yet another sign that live-service games may not be the golden ticket that game studios are desperate for......»»
Disparity dynamics: Geographic impact of social transfer programs on income inequality
Social transfer programs have significant geographic differences in spending that help to reduce income gaps between rich and poor regions of the United States, according to new University of Michigan research......»»
Auto suppliers continue to face worker shortage and high costs
The Federal Reserve indicated labor supply and demand are in sync in the U.S. economy for the first time in years. But suppliers are still lagging behind......»»
BorgWarner looks to save $100M in EV restructuring
BorgWarner Inc. is aiming to save $100 million over the next couple of years as it cuts head count and spending for its e-products division in response to weak market demand......»»
Microsoft employees are set for a tasty bonus following record profits
Token gesture following an excellent performing quarter shows a company on the back foot following its latest round of layoffs in June......»»
Why does Vermont keep flooding? It"s complicated, but experts warn it could become the norm
Vermont is flooding. Not just yesterday, two weeks ago and a year before that, but experts say the state could see catastrophic events like these for the foreseeable future......»»
Hamas leader Ismail Haniyeh is killed in Iran by an alleged Israeli strike, threatening escalation
Hamas leader Ismail Haniyeh is killed in Iran by an alleged Israeli strike, threatening escalation.....»»