Daily Management Review
Management

Spotify to cut hiring plans

Bloomberg reports that Spotify Technology, the world's largest on-demand music and podcast provider, will slash employment ambitions, according to a statement from firm CEO Daniel Ek to workers. He said that the hiring pace would drop by 25%, but that the firm will continue to hire in the following...

New Research Warns The EU May Fall Short Of The Digital Decade Targets

According to a report by strategy consultant Public First, the European Union risks lagging behind its Digital Decade targets by ten years unless governments focus on bridging the skills gap.   Last year, the European Commission unveiled a 2030 vision for the region that calls for 80 per...

Clubhouse downsizes during strategic U turn

As part of a restructuring and reconsideration of the company's direction, Clubhouse, a social network featuring audiobroadcasts, has laid off some of its employees, reports Bloomberg. "As part of our team optimization, many positions have been abolished, and several people have decided to pursue...

EU Agreement On A Single Mobile Charging Port Is Expected On June 7

Governments of the European Union and parliamentarians of the bloc are poised to agree on a standard charging port for mobile phones, tablets, and headphones in a meeting on June 7 when they get together to debate a plan that has been heavily criticised by Apple, according to a report published by...

Founder of Uniqlo becomes Japan's richest businessman

The founder of Uniqlo returned to the position of Japan's richest businessman, according to American Forbes. The founder of the clothing chain Uniqlo Tadashi Yanai became the richest Japanese businessman according to American Forbes. He published an updated version of the ranking of Japan's 50...

Musk raises investors funding for Twitter deal to $33.5B

The founder and CEO of Tesla and SpaceX has again changed his plans to fund the Twitter deal. The world's richest billionaire, Elon Musk, has increased his commitment to finance his Twitter deal to $33.5bn. He has partially scrapped plans to raise bank loans tied to his stake in Tesla in favour of...

One of Tesla's biggest investors calls for Tesla share buyback

Billionaire Leo KoGuan, one of Tesla's largest private investors, has demanded that the company purchase back its assets from shareholders to compensate them for the share price drop caused by Elon Musk's Twitter transaction. He sent his recommendation to Tesla's head of investor relations, Martin...

Goldman Sachs to reopen Monaco office for wealthy clients

Goldman Sachs, the investment bank serving the world's wealthiest people, will return to Monaco after six years. Investment bank Goldman Sachs, which serves the world's wealthiest people, will reopen an office in Monaco, writes Bloomberg with reference to the statement of Goldman Sachs Group. ...

Microsoft cancels mandatory remote working for employees

Microsoft will open its offices in Washington state beginning in late February and allow employees to return to work, according to the company's official blog. Previously, the company developed a grading that could be used to rate the ability of employees to return on a six-point scale. In steps...

Emission Tests For Hybrid Cars To Be Made Stricter By The European Union: Reports

After complaints that existing testing generates readings up to four times lower than real-world emissions, the European Union plans to toughen its method for measuring carbon dioxide emissions from plug-in hybrid cars, according to two persons familiar with the situation.   Because of the...
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