Unity lays off an additional 25 percent of its staffers
1,800 newly announced job cuts come on top of 1,300 layoffs since mid-2022. Enlarge (credit: Unity) When Unity laid off 265 Weta Digital engineers in November, the company warned that more layoffs would be necessary in t.....»»
GM raises bar for employee performance with new ratings system
GM is now rewarding its top 5 percent of employees with 150 percent bonuses, higher than what was available in the previous system......»»
How large turkey vultures remain aloft in thin air
Mountain hikes are invigorating. Crisp air and clear views can refresh the soul, but thin air presents an additional challenge for high-altitude birds. "All else being equal, bird wings produce less lift in low density air," says Jonathan Rader from.....»»
Hyundai gains 4% while Toyota, Kia slip in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
VW Group profit falls on restructuring charges, lower deliveries
At VW's so-called core group, which consists of the VW, Skoda and Seat brands, profitability dropped to 5 percent......»»
Hyundai gains 4%, Kia slips 10% in July; overall market expected to rise
The U.S. light-vehicle market rose 1 to 3 percent in July, analysts said, as many dealers recovered from the CDK cyberattacks that knocked new-car sales offline in late June......»»
Lithia net income down 28% in Q2 despite record revenue of $9.2B
Lithia Motors Inc. Q2 2024 earnings: Net income fell 28 percent during the second quarter despite the car dealership group generating record revenue for that earnings period......»»
Synack PTaaS platform offers complete security testing suite
Synack has unveiled additional capabilities of its Penetration Testing as a Service (PTaaS) platform that deliver a comprehensive security testing experience. The Synack platform now covers all customers’ security testing needs, from attack sur.....»»
Boeing’s Starliner has cost at least twice as much as SpaceX’s Crew Dragon
"Risk remains that we may record additional losses in future periods." Enlarge / A Starliner spacecraft departs Boeing's spacecraft processing facility before the program's first orbital test flight in 2019. Boeing anno.....»»
Carvana Q2 net income swings to $48 million; revenue up 15%
The online used-vehicle retailer said it sold 101,440 used vehicles in the second quarter, up 33 percent from the year-earlier period......»»
Xbox console sales continue to crater with massive 42% revenue drop
Xbox Series X/S sales seem to have peaked early in 2022. Enlarge / The tumbling continues. Microsoft's revenue from Xbox console sales was down a whopping 42 percent on a year-over-year basis for the quarter ending in J.....»»
Carvana"s "mousetrap": Analysts expect higher Q2 sales and room to seize more
Carvana could top Wall Street's expectations for a 3 percent quarter-over-quarter sales volume increase, BTIG analyst Marvin Fong wrote......»»
Five reasons why Canada should consider moving to a four-day work week
Nine out of 10 Canadians are interested in a four-day work week, according to a recent survey, making it their most desirable benefit ahead of health care, flexible scheduling and additional vacation days......»»
Lamborghini"s revenue rises 14% as switch to hybrid models nears completion
First-half deliveries increased 4 percent, putting Lamborghini on course to beat last year's record......»»
Communicating numbers boosts trust in climate change science, research suggests
The intuition to distill hard numbers like "90 percent" into words like "almost all" may help make science and statistics more accessible, but new research shows that isn't necessarily the best way to engage people online......»»
US solar production soars by 25 percent in just one year
2024 is seeing the inevitable outcome of the building boom in solar farms. Enlarge (credit: Vithun Khamsong) With the plunging price of photovoltaics, the construction of solar plants has boomed in the US. Last year, for.....»»
The 2024 Volkswagen ID.4 Pro gets a new rear motor, way more efficiency
40 percent more power, 30 percent more torque, and 24 percent more range. Enlarge / The VW ID.4 has a new drive motor and infotainment system for model-year 2024. It's not the sportiest EV you can buy, but it remains one of our f.....»»
4 takeaways from Tesla"s Q2 earnings as profit plunges
Automotive gross margin, a key indicator of profitability, fell to just under 15 percent in the second quarter, its lowest level in five years. Tesla's operating margin fell to 6.3 percent from 9.6 percent a year earlier......»»
CEO Makoto Uchida says Nissan U.S. incentive spending nearly erases quarterly profit
Nissan CEO Makoto Uchida says soaring U.S. selling expenses fueled a 99 percent plunge in it’s quarterly operating profit, forcing him to cut the company’s full-year earnings forecast......»»
Ford Q2 earnings: Net income falls 4.5%, but revenue rises on strong commercial vehicle sales
Ford attributed a 6.5 percent revenue increase to strong results from its Ford Pro commercial vehicle unit, which earned $2.6 billion and achieved a 15.1 percent margin......»»
Signalis, Slay the Spire publisher lays off staff amid ‘restructuring’
Humble Games, the publisher behind indie hits like Signalis and Unpacking, has laid off a number of workers amid "restructuring" efforts......»»