Chinese internet giant and TikTok parent company, ByteDance recently said that it plans to discontinue two of its social media platforms Vigo Video and Vigo Lite in India. The company has reportedly asked its users from its biggest overseas market to move to TikTok. In its message to users on Vigo apps today, ByteDance said…
The owner of clothing companies Zara and Massimo Dutti, Inditex recently said that it would be closing about 1,200 retail stores worldwide within the next two years. The recent decision by the company comes after it posted its first ever loss due to the coronavirus pandemic. Meanwhile the company also unveiled a $3.1bn plan to…
Global charitable foundation Oxfam is planning to lay off about 1,4500 employees and close down operations in 18 countries. The organization had been facing losses for a long time since the Haiti sex abuse scandal in 2018, and the losses piled up after the coronavirus pandemic, as reported by the Guardian. In an official press…
Automobile manufacturer General Motors is currently planning to lay off around 1,500 employees in Thailand by June this year. The recent development comes after the company had announced the sale of its production plants in the country. According to a Reuters report, General Motors on Monday said that it would sell its two plants in…