The layoffs, primarily in the company’s product and engineering functions, come a week after Dorsey took over as permanent CEO. Shares of Twitter, which had about 4,100 employees globally as of June 30, rose as much as 6 percent in morning trading on Tuesday. “We feel strongly that engineering will move much faster with a smaller and nimbler team, while remaining the biggest percentage of our workforce,” Dorsey said in
China’s imports fell by an unexpectedly wide margin in September in a new sign of weakness in the world’s second-largest economy. Imports plunged 20.4 percent from a year earlier to $145.2 billion, customs …
Drugmaker Johnson & Johnson said it would buy back up to $10 billion of common stock over time. The company said on Tuesday it had about 2.77 billion shares of common stock outstanding as of Sept. 27. …
BRUSSELS/LONDON (Reuters) – The world’s two biggest brewers agreed on Tuesday to create a company making almost a third of the world’s beer after SABMiller (SAB.L) received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev (ABI.BR). The new group would bring together AB InBev’s Budweiser, Stella Artois and Corona brands with SABMiller’s Peroni, Grolsch and Pilsner Urquell. For AB InBev it would also add more
Guy Pearce and Katie Mestitz have called it quits after 18 years of marriage. The Memento star and his wife split in January, after nearly 35 years of knowing each other. Although their…
Well, that took a dark turn. The hilarious women of Skit Box, who have brought us videos like Activewear, have partnered with viral lip-sync stars SketchShe for a parody PSA with a very…
Sometimes being an A-list movie star is really hard work…but then there are those moments of awesomeness during which you get to lay in bed and eat all day in order to prep for a…
When you’re feuding with your TV friends and drinking at a baptism, things are bound to get a little loony. That happened on The Real Housewives of Orange County finale at Tamra Judge’s…
Jennifer Lawrence might be one of Hollywood’s most beloved stars, but the Oscar winner opens up in a new op-ed about how her darling reputation has hindered her career in a big…
For Bella and Gigi Hadid, their relationship as sisters comes first in an often catty industry. The 19-year-old model, who has successfully launched her own career amid her…
