Google Confirms New Round of Layoffs Affecting Hundreds of Employees Globally
January 11, 2024 – Google has confirmed in an emailed statement that it is implementing layoffs across several teams, stating, “Organizational changes, including the elimination of certain roles globally, are ongoing within certain teams.” According to Bloomberg, the tech giant has initiated a new round of layoffs affecting hundreds of employees. Those impacted include staff…
Tesla’s FSD Dilemma: Progress Brings New Hurdles, Says Musk
June 19, 2024 – At the 2024 annual shareholder meeting of Tesla, CEO Elon Musk discussed a significant challenge facing the company’s Fully Self-Driving (FSD) system. This challenge, which aligns with speculations made by industry insiders two years ago, could potentially impact Tesla’s goal of achieving autonomous taxi services. According to Musk, as the FSD…
Feintool to Shut Down German Plant, Lay Off 200 Amid EV Demand Slump
December 4, 2024 – Feintool, a prominent Swiss automotive component supplier, announced on Tuesday local time that it will shut down one of its factories in Germany and lay off up to 200 employees. The decision comes as a result of sluggish demand for electric vehicles and uncertainties surrounding the transition to renewable energy. According…
Exclusive Preview: Unveiling the Samsung Galaxy S24 Ultra
December 05, 2023 – Sneak Peek at the Samsung Galaxy S24 Ultra In a recent media leak, the upcoming Samsung Galaxy S24 Ultra has been unveiled, shedding light on its industrial design and specifications ahead of its official launch. When compared to its predecessor, the most significant change in the Galaxy S24 Ultra is the…
Samsung and Korean Union Agree on 5.1% Salary Increase, Taking a Crucial Step Towards Reconciliation
November 16, 2024 – According to a report by Yonhap News Agency, Samsung Electronics has reached a preliminary agreement with its largest labor union in Korea, the National Samsung Labor Union, on the 2024 wage negotiations. The agreement, which includes a 5.1% salary increase, is set to be submitted to union members for a vote…
Elevating Consumer Engagement: LG’s Focus on Direct-to-Consumer Sales
November 24, 2023 – LG Electronics made a significant announcement today, unveiling its organizational restructuring efforts aimed at fostering future growth. In a move aligned with the 2030 vision revealed in July, LG Electronics is embarking on organizational transformations to bolster its capabilities and business competitiveness. The official statement underscores that these changes are geared…
Apple Unveils Patent for Revolutionary Glass-Covered MacBook with Touchscreen Capabilities
March 22, 2024 – In a recent development, the United States Patent and Trademark Office (USPTO) has granted a patent to Apple Inc. for a revolutionary MacBook design. The standout feature of this patent is the extensive use of glass material across most of the device, paired with a touch-sensitive screen. According to the patent,…
Nokia Faces 28 Million Euro Loss as HMD Global Struggles with Financial Performance
June 03, 2024 – Nokia has recently unveiled its 2023 financial results, highlighting a significant revenue stream generated by its technology division, which oversees the company’s patent portfolio. Despite a slight dip in figures, the division managed to secure approximately 1.3 billion euros (currently equivalent to approximately 10.231 billion yuan) in annual net sales through…
Redefining Reality: Apple’s Vision Pro Set for December Mass Production
November 28, 2023 – Media reports indicate that Apple is set to commence mass production of its first-generation MR (Mixed Reality) product, Vision Pro, in December this year, with an initial stock of around 400,000 units. In a departure from the relatively low mainland component ratio seen in the previous iPhone 15 series, Apple’s Vision…
TikTok Faces Cyberattacks Targeting High-Profile Accounts
June 05, 2024 – TikTok, the popular short-video app, has taken proactive measures to thwart a series of cyberattacks targeting several high-profile accounts, including that of CNN, according to a TikTok spokesperson on Tuesday. A recent report by Forbes revealed a new vulnerability within the TikTok platform, which could be exploited through direct messages. This…