Reed Hastings, the co-founder of Netflix Inc., ceded control of the organization to longtime co-CEO Ted Sarandos and COO Greg Peters. Netflix Inc. is credited with saving Hollywood by pioneering the online streaming of movies and television episodes. After the regular trading session ended, shares...

The largest U.S. bank, Goldman Sachs Group Inc., will lay off 3,200 workers; the process will start this week, according to Bloomberg, which cited sources. The agency quoted sources as saying that "the corporation is likely to start the process (of layoffs) in midweek, and the overall number of...

Bloomberg, citing a letter from Xiaomi co-founder and chairman Lei Jun to employees, reports that Chinese technology company Xiaomi will replace its president by the end of this year. "Wang Xiang, who worked at Qualcomm Inc. before joining Xiaomi in 2015, will step down as president (of Xiaomi) on...

According to CNBC, Twitter owner Elon Musk is looking for a new CEO. On December 19, Mr Musk launched a Twitter poll asking whether he should step down as CEO and promised to follow the results. 57.5 percent of those who voted supported his resignation. According to CNBC's sources, the...

In light of the current challenging global economic situation, Goldman Sachs Group intends to lay off thousands of employees. This is according to Reuters, who cites reliable sources. Goldman Sachs employed 49,100 people worldwide at the end of the third quarter of this year. During the pandemic,...

According to a report, young people in China have reduced their reliance on video games. The China Game Industry Group Committee, which is affiliated with the gaming regulator, makes the claim.   And it may raise hopes that officials, who once referred to video games as "spiritual opium,"...

A major shake-up within Disney is being planned by it CEO Bob Iger. The CEO, who was brought back into the company less than 24 hours ago after he retired as chairmen of the company last year - a move that surprised the industry, said in an emailed statement to employees.   Kareem Daniel,...

In an effort to turn the streaming service Disney+ profitable during a time of economic uncertainty, Walt Disney Co. plans to halt hiring and eliminate certain positions, reports Reuters citing an internal newsletter. The letter was written by CEO Robert Chapek to Disney executives, outlining the...

According to sources, Meta Platforms intends to start a significant job cuts. It will be the organization's first significant layoff in 18 years. On Wednesday, Meta will make the cuts public. Employees have been instructed to postpone any unnecessary travel. According to the WSJ, thousands of...