Lora Kelley
Posts
Peloton, struggling to sell its gear, reports a $1.2 billion loss.
The maker of exercise bikes attributed part of the loss to restructuring charges related to supply chain and inventory problems.
Wayfair will lay off 870 workers after a drop in sales.
The online furniture retailer boomed in the early months of the pandemic, but it has failed to maintain that momentum.
Heathrow Airport in London extends its passenger limits to October.
The airport said the cap had led to fewer cancellations, shorter wait times and better punctuality.
Peloton Will Slash Jobs and Raise Prices in Turnaround Effort
The maker of fitness bikes, once a pandemic darling, said it would reduce its retail footprint and end its last-mile delivery network in a cost-cutting...
Major Indiana Employers Criticize State’s New Abortion Law
The drug company Eli Lilly said it “will be forced” to look outside the state for employment growth. The engine maker Cummins said the law...
Robinhood lays off 23 percent of its staff, blaming crypto meltdown.
The trading app that helped drive the meme stock frenzy announced staff cuts for the second time this year.
Newsmax Renews Deal to Be Carried by Verizon’s Fios
Both Newsmax and OAN are known for their loyalty to Donald Trump, and for serving as platforms for his debunked claims of rampant voter fraud...
Vince McMahon retires from W.W.E. after stepping down amid a board investigation.
The company’s leader for 40 years, he was under scrutiny after a report of a $3 million settlement with an employee.
Would You Pay $40 a Month to Have Strangers Watch You Work?
People still working remotely are turning to virtual co-working spaces for accountability through a Zoom screen.
Delta Flew a Plane With Just Luggage From Heathrow to the U.S.
The London airport’s capacity troubles because of staff shortages and soaring demand have contributed to delays, cancellations and lost bags.